Antero Resources Corp

On October 27, Antero Resources Corporation announced the initial public offering of Antero Midstream Partners LP.

Antero Resources’ current acreage is focused in the Marcellus Shale in West Virginia and the Utica Shale in Ohio.

The U.S. onshore, or land-based, rig count increased by four rigs—from 1,865 to 1,869—during the week ending September 19. Land-based rigs include 13 inland water rigs. This is the highest onshore rig count in the past two years. It’s the highest rig count since August 17, 2012. This marks the eighth increase in the past ten weeks.

On July 18, 2017, Cabot Oil & Gas’s (COG) short interest ratio was ~4.7%. At the beginning of the year, its short interest ratio was 4.2%.

On December 29, the natural gas rig count was 88.7% below its record high of 1,606 in 2008. However, natural gas supplies have risen drastically since 2008.

2016 has been good for natural gas prices (UGAZ). Prices have risen ~34% year-over-year.

On April 18–26, natural gas active futures rose 1.8%. Natural gas to closed at $2.58 per MMBtu on April 26.

ETFs like the United States Natural Gas—UNG—ETF fell in the direction of natural gas prices on November 20, 2015. UNG fell by 4.7% on the day.

On July 21, the EIA announced a 34 Bcf (billion cubic feet) addition to natural gas (UNG) (GASL) (GASX) (BOIL) inventory levels for the week ending July 15.

Hedge funds’ net long positions in US natural gas futures (UGAZ) (UNG) and options contracts were at 5,318 for the week ending January 2, 2018.

The EIA estimated that US natural gas inventories rose by 2 Bcf (billion cubic feet) to 3,695 Bcf on November 24–December 1, 2017.

Antero Resources (AR) and Gulfport Energy (GPOR) are among the natural gas–weighted stocks that had the highest correlations with natural gas prices in the trailing week.

The EIA reported that US gas inventories fell by 18 Bcf (billion cubic feet) to 3,772 Bcf on November 3–10, 2017.

The EIA estimates that US gas inventories rose by 15 Bcf (billion cubic feet) or 0.4% to 3,790 Bcf on October 27–November 3, 2017.

Baker Hughes is scheduled to release its weekly US oil and gas rig report on October 27, 2017.

PointLogic estimates that weekly US dry natural gas production rose by 0.9 Bcf (billion cubic feet) per day to 74.6 Bcf per day between October 19 and October 25, 2017.

PointLogic estimates that weekly US natural gas consumption fell 6.6% to 52 Bcf per day from September 7 to 13. Consumption fell 13% year-over-year.

On April 19, Cabot Oil and Gas’s short interest as a percentage of its float was ~4.5%. At the beginning of the year, its short interest ratio was 4.2%.

On March 14, 2017, Cabot Oil and Gas’s (COG) short interest as a percentage of its float (or its short interest ratio) was ~3.5%.

For 4Q16, analysts have an average earnings estimate of -$0.10 per share for Noble Energy (NBL). The low estimate stands at ~-$0.22 per share.

For EQT (EQT), Moody’s has provided a Baa3 rating. Standard & Poor’s has given it a BBB credit rating, and Fitch has given it a BBB- rating.

Wall Street analysts’ estimate for Cabot Oil and Gas’s revenue was ~$352 million for 3Q15. The company announced adjusted revenue of ~$305 million.

There were 217 natural gas rigs operating in the week ended April 17, a loss of eight from the previous week. Natural gas rig count increased by three the previous week.

Ethane is the largest component of the natural gas liquids stream, and the increased wet gas production caused a large increase in ethane production.