Antero Resources Corp
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Natural Gas Prices Could Lower on US-Iran Tensions
Last week, natural gas prices fell 1.3% and settled at $2.13 per MMBtu (million British thermal units). It was the second consecutive weekly decline.
Range Resources: A Look at Its Institutional Holdings
Range Resources (RRC) reported adjusted EPS of -$0.07 in the third quarter. Let’s talk about institutional investor activity in RRC in the quarter.
A Way Forward for Chesapeake after Last Week’s Slide?
Last week, Chesapeake Energy stock (CHK) fell 15.9%, marking its fourth consecutive weekly decline. Here’s the outlook for this week.
Apple Buys iKinema—Is It Prepping for an AR Tech Battle?
Speculation is rife that Apple (AAPL) has acquired iKinema, a UK company that specializes in motion capture, games, and VR and AR.
Five High-Dividend Stocks You Should Watch
Let’s take a look at five stocks that are trading with high dividend yields and the risks involved with each.
Will Natural Gas Prices Rise Based on EIA Data?
Any rise less than ~42 Bcf could cause the inventories spread to expand more into the negative territory—a positive development for natural gas prices.
What Do Natural Gas Fundamentals Suggest for 2H 2019?
For the rest of this year, Henry Hub natural gas spot prices will be at a mean price of 2.50 per million British thermal units.
Natural Gas: What to Expect This Week
On June 27, natural gas’s implied volatility was ~33%—4% above its 15-day moving average. The implied volatility fell ~4.9% in the trailing week.
Natural Gas: Change in Inventories Could Boost Its Prospects
Any rise less than ~64 billion cubic feet could cause the inventories spread to expand more into the negative territory—a positive development for natural gas prices.
Natural Gas: Is the Recovery Short-Lived?
In the trailing week, natural gas active futures fell 1.1%. Since last week, natural gas prices have risen 5.4%. Demand outpacing supply this week might be behind the rise in natural gas prices.
Will Natural Gas’s Trend Reverse?
On June 20, natural gas active futures fell 4.3% and settled at $2.166 per million British thermal units due to bearish inventory data. The natural gas active futures are at a new three-year low.
Gas-Weighted Stocks Are Inversely Related to Natural Gas
Antero Resources had the second-highest negative correlation with natural gas prices. Except Cabot Oil & Gas (COG), all of the natural gas–weighted stocks on our list had correlations of over 37% with US crude oil prices.
Antero Resources: What Do the Moving Averages Suggest?
On May 30, Antero Resources (AR) had an implied volatility of 56.2%, which was ~7.% higher than its 15-day average.
Gas-Weighted Stocks that Are More Inclined to Natural Gas
Except Cabot Oil & Gas (COG), all of the natural gas–weighted stocks on our list had correlations of over 34% with natural gas prices.
Natural Gas Prices: The Key Drivers
On May 28, natural gas July futures fell 1% and settled at $2.58 per MMBtu (million British thermal units).
Natural Gas: Dullest May Month since 2014
On May 21, natural gas June futures fell 2.2% and settled at $2.61 per MMBtu—4.9% above the lowest closing level since June 6, 2016.
What Could Impact Natural Gas This Week?
Between May 3 and May 10, natural gas active futures rose 2%.
Higher Inventory Might Support Natural Gas’s Rise
On May 2, the EIA (U.S. Energy Information Administration) is scheduled to release its natural gas inventory report for the week ending April 26.
Is Natural Gas Rising Due to Oil’s Fall?
On May 1, natural gas June futures rose 1.7% and settled at $2.62 per MMBtu (million British thermal units).
Will Natural Gas Rise This Week?
On April 18–26, natural gas active futures rose 1.8%. Natural gas to closed at $2.58 per MMBtu on April 26.
Inventory Data Are Neutral for Natural Gas Prices
On April 25, at 10:41 AM EST, the natural gas June futures were almost unchanged from the last closing level.
Will Natural Gas Keep Plunging?
On April 17, natural gas prices fell 2.1% and settled at $2.517 per MMBtu (million British thermal unit)—the lowest closing level for active natural gas futures since June 8, 2016.
Will Natural Gas Recover from Its Two-Month Low?
On April 16, natural gas May futures fell 0.8% and settled at $2.57 per MMBtu—the lowest closing level for active natural gas futures since February 7.
Why Natural Gas Prices Could Rise this Week
Between March 29 and April 5, natural gas May futures rose just 0.1%. Forecasts for lower demand dragged natural gas to $2.64 per MMBtu on April 4.
Where Chesapeake Energy Could Be by the End of March
On March 18, Chesapeake Energy’s (CHK) implied volatility was 51.9%, which is ~14.7% less than its 15-day average.
What to Expect from Natural Gas Inventories This Week
On March 14, the EIA (U.S. Energy Information Administration) is scheduled to release its natural gas inventory report for the week ending March 8.
Will the Weakness in Natural Gas Continue?
On March 12, natural gas active futures were 4.6%, 17.9%, and 11.8% below their 50-day, 100-day, and 200-day moving averages, respectively.
Is It Time to Short Natural Gas?
On March 5, natural gas active futures were 3.7%, 15.4%, and 8.6% below their 50-day, 100-day, and 200-day moving averages.
Where Natural Gas Could Head Next Week
Yesterday, natural gas’s implied volatility was 22.2%, ~10.5% below its 15-day moving average.
Chesapeake Energy Outperformed Its Peers
On February 20–27, our list of natural gas–weighted stocks fell 2.8%, while natural gas April futures rose 4.9%.
Which Natural Gas–Weighted Stocks Are Sensitive to Natural Gas?
On February 27, natural gas April futures rose 0.1% and settled at $2.799 per MMBtu (million British thermal units).
‘Death Cross’ for Natural Gas Prices
On February 25, natural gas’s 50-day moving average fell 0.7% below the 200-day moving average for the first time since July 3.
EIA Inventory Data Might Not Harm Natural Gas Prices
On February 21, the EIA is scheduled to release its natural gas inventory report for the week ending February 15.
EIA Downgrades the Natural Gas Outlook
On February 12, the EIA downgraded Henry Hub natural gas spot to $2.83 per MMBtu in 2019—$0.06 below the previous forecast.
Where Chesapeake Energy Might Trade in February
On February 11, Chesapeake Energy’s (CHK) implied volatility was 72.5%, ~13.5% higher than its 15-day average.
Where Will Natural Gas Close Next Week?
On February 7, natural gas’s implied volatility was 26.7%, which was ~41.3% below its 15-day moving average.
Comparing Natural Gas ETFs’ Performances to Natural Gas Prices
Between January 18 and January 25, the United States Natural Gas ETF fell 3.6%, while the ProShares Ultra Bloomberg Natural Gas ETF fell 8.1%.
Natural Gas Update and Key Price Levels Next Week
On January 24, natural gas’s implied volatility was 56.5%, which was ~26.6% below its 15-day moving average.
EIA’s Inventory Might Not Support Natural Gas Prices
On January 24, the EIA is scheduled to release its natural gas inventory report for the week ending on January 18.
Why Natural Gas Has Fallen 10% on January 22
On January 22, natural gas February futures fell to an intraday low of $3.13 per MMBtu, which is ~10% below the last closing level.
Why EIA Data Might Not Satisfy Natural Gas Bulls
In the week ending on December 28, the inventories spread was -17.2%.
What to Expect from Natural Gas Next Week
On January 3, natural gas’s implied volatility was 52.6%, which was ~26.6% below its 15-day moving average.
Futures Spread: Natural Gas Prices Might Be in Trouble
On December 31, the natural gas futures for February 2019 closed at a discount of ~$0.06 to the February 2020 futures.
Analyzing Natural Gas ETFs Last Week
On December 21–28, the United States Natural Gas ETF (UNG) fell 9.4%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 17.5%.
Where Natural Gas Prices Might Head Next Week
Natural gas futures are expected to close between $3.24 and $3.85 per MMBtu 68.0% of the time until January 4.
Why Temperature Forecasts Aren’t Boosting Natural Gas Prices
From December 19 to 26, natural gas February futures fell 5.3% and settled at $3.458 per MMBtu (million British thermal units).
Analyzing the Futures Spread and Natural Gas Prices
On December 24, the natural gas futures for February 2019 closed at a premium of ~$0.35 to the February 2020 futures.
Natural Gas: What Might Be the Downside Next Week?
On December 20, natural gas’s implied volatility was ~75%, which was ~9.1% below its 15-day moving average.
Analyzing Natural Gas ETFs’ Returns Last Week
On December 7–14, the United States Natural Gas ETF (UNG) fell 15.8%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 26.8%.
EIA’s Inventory Data and Natural Gas Prices
On December 13, the EIA is scheduled to release its natural gas inventory report for the week ending on December 7.
Analyzing Natural Gas ETFs’ Returns Last Week
On November 23–30, the United States Natural Gas ETF (UNG) rose 2.6%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 5%.
Top Upstream Losses in the Trailing Week
On November 12–19, upstream stock EP Energy (EPE) fell the most on our list of upstream energy stocks.
Is Oil Offsetting Natural Gas’s Impact on Gas-Weighted Stocks?
On November 7–14, our list of natural gas–weighted stocks fell 3.7% despite a rise of 36.1% in natural gas December futures.
Bearish Weather Forecast Could Test Natural Gas Bulls Next Week
On October 25, natural gas’s implied volatility was 42.1%, which was ~8.2% above its 15-day moving average.
Oil Is Steering Natural Gas–Weighted Stocks’ Returns
On October 10–17, our list of natural gas–weighted stocks fell 0.3%, while natural gas November futures rose 1.1%.
Futures Spread: Less Bullish Sentiments for Natural Gas
On October 16, the natural gas futures for November closed at a premium of ~$0.42 to the November 2019 futures.
Weakest Upstream Stocks in the Week Ending September 28
Southwestern Energy (SWN) was the weakest upstream stock in the week ending September 28. Southwestern Energy fell 10.8% last week.
Where Natural Gas Could End Next Week
Natural gas futures are expected to close between $2.74 and $2.90 per MMBtu (million British thermal units) 68.0% of the time until September 21.
Analyzing the Inventories Spread and Natural Gas Prices
In the week ending August 24, the inventories spread was -19%. The inventories spread contracted by ~70 basis points compared to the previous week.
Analyzing Natural Gas ETFs’ Performance Last Week
On August 24–31, the United States Natural Gas ETF (UNG) and the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) had returns of 0.3% and -0.3%.
Why August Could Be Dull for Natural Gas
On July 31, natural gas September futures fell 0.5% and settled at $2.782 per MMBtu (million British thermal units).
About 67% of Analysts Rate Cabot Oil & Gas Stock as a ‘Buy’
Approximately 67% of the analysts covering Cabot Oil & Gas (COG) rate the stock a “buy.” The remaining 33.0% rate COG as a “hold.”
Chesapeake Energy’s Q2 2018 Results: Must-Knows
Chesapeake Energy (CHK) reported its second-quarter earnings today. The company reported revenue of ~$2.25 billion, narrowly missing analysts’ estimates.
Factors Keeping US Crude Oil below the $70 Mark
US crude oil September futures closed at $68.69 per barrel on July 27—the fifth straight closing below $70.00 per barrel.
EQT: Analysts’ Recommendations for the Stock
For EQT (EQT), ~61% of the analysts rated the stock as a “buy,” while 39% rated it as a “hold.”
Will NYMEX Natural Gas Cross $2.8 Next Week?
On July 26, 2018, natural gas’s implied volatility was 19.5%, ~2.5% below its 15-day moving average.
Natural Gas’s Recovery Could Boost Natural Gas–Weighted Stocks
On July 25, natural gas September futures rose 1.3% and settled at ~$2.76 per MMBtu (million British thermal units).
How Will Noble Energy Fare in Q2 2018?
Noble Energy (NBL) plans to report its Q2 2018 earnings on August 3. The company’s Q2 revenue estimate stands at $1.13 billion.
Has Natural Gas Outperformed Natural Gas–Weighted Stocks?
Between July 11 and July 18, our list of natural gas–weighted stocks fell 4.2%, while natural gas August futures fell 3.8%.
Natural Gas at New Two-Month Low: Do Gas-Weighted Stocks Care?
On July 18, natural gas August futures fell 0.7% and settled at $2.72 per MMBtu (million British thermal units)—the lowest closing level since May 4.
Short Interest Trends in Chesapeake Energy Stock
As of July 13, short interest as a percentage of float (or short interest ratio) in Chesapeake Energy (CHK) stock was 17.69%.
Cabot Oil and Gas: Recent Short Interest Trends in the Stock
As of July 11, short interest as a percentage of float (the short interest ratio) in Cabot Oil and Gas’s (COG) stock was ~4.92%.
Cabot Oil & Gas Stock: Wall Street Ratings and Recommendations
Approximately 66.7% of analysts rate Cabot Oil & Gas (COG) a “buy.” The rest of the 33.3% rated COG a “hold.” The average broker target price of $28.05 for the company implies a return of ~20.67% in the next 12 months.
COG’s Second-Quarter Revenue to Fall: Impact on Earnings
Cabot Oil & Gas (COG) plans to release its second-quarter earnings on July 27. Revenue estimates stand at ~$384.96 million.
Forecasting Cabot Oil & Gas’s Stock Price
Cabot Oil & Gas’s (COG) current implied volatility is ~36%, 8.16% higher than its 15-day average of 33.31%.
Cabot Oil & Gas’s Valuation Trends and Forecasts
Cabot Oil & Gas’s (COG) EV[1.enterprise value]-to-adjusted EBITDA ratio was ~11.57x in the first quarter.
Are Natural Gas-Weighted Stocks Reacting to Higher Oil Prices?
Between June 26 and July 3, our list of natural gas–weighted stocks rose 1.1%, while natural gas August futures fell 2.1%.
Forecasting CHK’s Stock Range Forecast Using Implied Volatility
The current implied volatility for Chesapeake Energy stock (CHK) is ~60%, ~3.3% higher than its 15-day average of 58%.
Natural Gas Futures Market: Demand and Supply Expectations
On June 19, natural gas July futures closed at a premium of ~$0.24 to July 2019 futures. The difference is called the “futures spread.”
Did Gas-Weighted Stocks Miss Natural Gas’s 4-Month High?
On May 23, natural gas July futures rose 0.6% and closed at $2.96 per MMBtu—the highest close for natural gas active futures since January 31.
Analyzing Natural Gas’s Supply Concerns
On May 8, natural gas June 2018 futures closed at a premium of ~$0.19 to June 2019 futures. The difference is called the “futures spread.”
Change in Inventory Levels Might Support Natural Gas Prices
In the week ending April 27, natural gas inventories rose by 62 Bcf to 1,343 Bcf—based on the EIA’s data announced on May 3.
Why Natural Gas Inventories Pressured Natural Gas Prices
The EIA reported that US natural gas inventories increased by 62 Bcf (billion cubic feet) to 1,343 Bcf between April 20 and April 27.
Natural Gas–Weighted Stocks Inversely Related to Oil
Except Gulfport Energy (GPOR), the remaining energy stocks had negative correlations with US crude oil June futures on April 25–May 2.
Could Oil’s Moves Influence Natural Gas–Weighted Stocks?
Range Resources and Antero Resources had the highest negative correlations with natural gas June futures over the past five trading sessions.
Futures Spread and the Natural Gas Market
On April 24, natural gas June 2018 futures closed at a premium of ~$0.2 to June 2019 futures. The difference is called the “futures spread.”
Are Supply Concerns Rising for Natural Gas?
On April 3, 2018, natural gas May 2018 futures closed at a premium of $0.04 to May 2019 futures.
Natural Gas Price Forecasts and Appalachia Price Differentials
Natural gas prices weigh heavily on natural gas–weighted companies Cabot Oil & Gas (COG), Antero Resources (AR), and Noble Energy (NBL).
Is Oil Losing Its Grip on Natural Gas–Weighted Stocks?
Southwestern Energy had a correlation of 35.9% with US crude oil May futures on March 21–28, 2018.
Which Natural Gas–Weighted Stocks to Watch
On March 21, 2018, natural gas April futures fell 1.4% and closed at $2.64 per MMBtu (million British thermal units).
EQT’s New Midstream Company: 3rd-Largest Natural Gas Gatherer in the US
EQT expects its midstream cash flows to double over the next three years, with $350 million expected in 2018.
Why Oil’s Fall Could Be Trouble for Natural Gas–Weighted Stocks
Below is the list of natural gas–weighted stocks that belong to the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) along with their correlations with US crude oil prices in the trailing week.
Oil Is an Important Factor for Natural Gas–Weighted Stocks
On our list of natural gas–weighted stocks that are taken from XOP, none of the stocks had a correlation of less than 50% with US crude oil futures.
Noble Energy Reported Upbeat 4Q17 Revenue and Earnings
Noble Energy (NBL) reported its 4Q17 earnings on February 20, 2018. The company reported revenue of ~$1.2 billion.
Antero Resources Beat Revenue Estimates but Missed on Earnings
Antero’s adjusted earnings per share in 4Q17 were $0.23 compared to Wall Street analyst consensus EPS estimates of about $0.36.
Antero Resources’ Capex Guidance for 2018
Antero Resources’ (AR) 2018 capex (capital expenditure) is $1.45 billion. This total includes $1.3 billion for drilling and completion expenses, $25 million for leasehold maintenance expenses, and $125 million for discretionary leasehold expenditures.
Expectations for EQT’s Upcoming Earnings
EQT Corporation (EQT) plans to release its 4Q17 and fiscal 2017 earnings on February 15. Its 4Q17 revenue estimates come in at ~$728 million, while for the full year, EQT is expected to report revenue of $3.13 billion.
Why Oil Rigs Could Pressure Natural Gas Prices in the Coming Months
In the week ended January 19, 2018, the natural gas rig count was 88.2% below its historic high of 1,606 in 2008.
Why Oil Is More Vital than Natural Gas to Natural-Gas-Weighted Stocks
Natural gas supplies depend on US crude oil prices. In fact, the energy sector as a whole can follow trends set by crude oil.
Will US Natural Gas Futures Rise or Fall in 2018?
February US natural gas (UGAZ) futures contracts are above their 20-day and 50-day moving averages on January 11, 2018.