Following is the Thomson Reuters North America Shale Gas Valuation Index, based on closing share prices from Feb. 17.
The data comes from StarMine, a Thomson Reuters company, using the 12-month forward SmartEstimate, a measure that selects estimates from only the most accurate analysts.
StarMine Intrinsic Value is a variation on the dividend-discount model methodology that adjusts for biases uncovered in analyst forecasts.
| EV/EBITDA | ||
| Index average | 7.3 | |
| Range Resources Corp | <RRC> | 13.0 |
| CNX Gas Corp | <CXG> | 10.3 |
| EQT Corp | <EQT> | 9.3 |
| Exco Resources Inc | <XCO> | 9.3 |
| Southwestern Energy Co | <SWN> | 9.0 |
| Petrohawk Energy Corp | <HK.N> | 8.5 |
| Carrizo Oil And Gas Inc | <CRZO> | 8.3 |
| Cabot Oil & Gas Corp | <COG> | 7.8 |
| Quicksilver Resources Inc | <KWK> | 7.7 |
| Forest Oil Corp | <FST> | 7.7 |
| Encana Corp | <ECA> | 7.6 |
| Goodrich Petroleum Corp | <GDP> | 7.5 |
| Encore Acquisition Co | <EAC> | 6.9 |
| Chesapeake Energy Corp | <CHK> | 6.4 |
| Anadarko Petroleum Corp | <APC> | 6.0 |
| EOG Resources Inc | <EOG> | 5.9 |
| Comstock Resources Inc | <CRK> | 5.6 |
| Devon Energy Corp | <DVN> | 5.6 |
| Newfield Exploration Co | <NFX> | 5.1 |
| Cimarex Energy Co | <XEC> | 4.9 |
| Apache Corp | <APA> | 4.6 |
| Talisman Energy Inc | <TLM> | 4.0 |
| ————— PRICE/EPS |
||
| Aggregate | 16.6 | |
| Range Resources Corp | <RRC> | 65.4 |
| Comstock Resources Inc | <CRK> | 43.3 |
| Encore Acquisition Co | <EAC> | 39.8 |
| Anadarko Petroleum Corp | <APC> | 36.2 |
| Cabot Oil & Gas Corp | <COG> | 31.6 |
| Petrohawk Energy Corp | <HK.N> | 30.9 |
| EOG Resources Inc | <EOG> | 25.3 |
| CNX Gas Corp | <CXG> | 24.0 |
| Talisman Energy Inc | <TLM> | 23.4 |
| EQT Corp | <EQT> | 22.0 |
| Encana Corp | <ECA> | 21.4 |
| Southwestern Energy Co | <SWN> | 21.1 |
| Exco Resources Inc | <XCO> | 18.9 |
| Carrizo Oil And Gas Inc | <CRZO> | 16.8 |
| Quicksilver Resources Inc | <KWK> | 16.1 |
| Forest Oil Corp | <FST> | 12.3 |
| Devon Energy Corp | <DVN> | 11.1 |
| Newfield Exploration Co | <NFX> | 10.8 |
| Cimarex Energy Co | <XEC> | 10.3 |
| Apache Corp | <APA> | 10.2 |
| Chesapeake Energy Corp | <CHK> | 10.1 |
| Goodrich Petroleum Corp | <GDP> | — |
| ————— PRICE/INTRINSIC VALUE |
||
| Aggregate | 1.03 | |
| Range Resources Corp | <RRC> | 2.40 |
| Anadarko Petroleum Corp | <APC> | 1.91 |
| Comstock Resources Inc | <CRK> | 1.85 |
| Encore Acquisition Co | <EAC> | 1.73 |
| CNX Gas Corp | <CXG> | 1.65 |
| Cabot Oil & Gas Corp | <COG> | 1.52 |
| Petrohawk Energy Corp | <HK.N> | 1.46 |
| EOG Resources Inc | <EOG> | 1.42 |
| Talisman Energy Inc | <TLM> | 1.38 |
| Southwestern Energy Co | <SWN> | 1.26 |
| EQT Corp | <EQT> | 1.15 |
| Newfield Exploration Co | <NFX> | 1.06 |
| Exco Resources Inc | <XCO> | 0.94 |
| Cimarex Energy Co | <XEC> | 0.91 |
| Quicksilver Resources Inc | <KWK> | 0.89 |
| Apache Corp | <APA> | 0.88 |
| Carrizo Oil And Gas Inc | <CRZO> | 0.84 |
| Devon Energy Corp | <DVN> | 0.81 |
| Forest Oil Corp | <FST> | 0.77 |
| Encana Corp | <ECA> | 0.74 |
| Chesapeake Energy Corp | <CHK> | 0.66 |
| Goodrich Petroleum Corp
____________________ |
<GDP> | — |
