EQT, COG, AR, and NBL: Comparing Stock Performances



Comparing EQT, COG, AR, and NBL

This series will compare the performances of EQT (EQT), Cabot Oil and Gas (COG), Noble Energy (NBL), and Antero Resources (AR). First, let’s look at the one-year returns for these companies compared to the broader industry.

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One-year returns: Antero Resources was the outlier

Antero Resources (AR) performed better than its peers from September 2015 to September 2016, followed by Noble Energy (NBL). While Antero Resources has outperformed the broader industry ETF, the Energy Select Sector SPDR ETF (XLE), Noble Energy has given similar returns as XLE.

On the other hand, EQT and Cabot Oil and Gas have compared poorly to XLE. EQT, NBL, and COG make up a combined 4% of XLE.

All the above-mentioned stocks started falling in late 2015, thanks to low natural gas (UNG) prices, which had fallen to multiyear lows. Since the start of 2016, their stock prices have risen, following the rally in crude oil (USO) and natural gas prices. We can see in the above image that EQT, COG, NBL, and AR’s one-year returns have had an upward trend since January 2016.

Year-over-year changes in stock prices

Year-over-year, Antero Resources’s (AR) stock price has increased 33% while Noble Energy’s (NBL) stock has increased 17%. Cabot Oil and Gas’s stock has risen 12% while EQT’s stock has risen 4.6%. In comparison, XLE has increased 16% year-over-year.


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