Each year, we reevaluate well productivity for our entire US shale coverage. For each covered company, we scrutinize third-party data on both a basin and region basis. As in prior years, our process prompted mostly modest valuation changes but left our moat, capital allocation, and uncertainty ratings unchanged.
As an early entrant into the Marcellus, Range has a big, blocky acreage position with plentiful undrilled low-cost acreage.
Range has optimistic views about its own valuation, which could lead management to buy back stock at top-of-cycle price levels.
|
Metric
|
RRC
|
AR
|
OXY
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.91 | 56.63 | 18.66 |
Price/Book Value | 2.33 | 1.31 | 2.76 |
Price/Sales | 3.41 | 2.20 | 2.34 |
Price/Cash Flow | 7.93 | 11.06 | 5.69 |
|
Metric
|
RRC
|
AR
|
OXY
|
|---|---|---|---|
Quick Ratio | 0.85 | 0.31 | 0.51 |
Current Ratio | 1.49 | 0.33 | 0.92 |
Interest Coverage | 9.83 | 4.54 | 7.66 |
|
Metric
|
RRC
|
AR
|
OXY
|
|---|---|---|---|
Return on Assets (Normalized) | 8.37% | 2.30% | 4.95% |
Return on Equity (Normalized) | 17.13% | 4.64% | 17.14% |
Return on Invested Capital (Normalized) | 12.92% | 3.52% | 8.25% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
COP
| ConocoPhillips | Cjzyjkyscv | Sdjcgsl | $154.9 Bil | |
EOG
| EOG Resources Inc | Fvygsjvxc | Ldgxfx | $78.8 Bil | |
PXD
| Pioneer Natural Resources Co | Rwlxhgxtws | Dlnhqy | $62.8 Bil | |
OXY
| Occidental Petroleum Corp | Cgjcgxhnm | Znv | $60.6 Bil | |
HES
| Hess Corp | Kdtsptjy | Slqzdk | $47.2 Bil | |
FANG
| Diamondback Energy Inc | Ltgqvpwcc | Mxrsxwj | $36.6 Bil | |
DVN
| Devon Energy Corp | Bkfbrzwtr | Zlknbjx | $33.5 Bil | |
MRO
| Marathon Oil Corp | Ztxdfgnmd | Wppx | $16.4 Bil | |
APA
| APA Corp | Cvqxjfhn | Cpv | $12.3 Bil | |
AR
| Antero Resources Corp | Wwmgbny | Wnxs | $9.2 Bil |
