Head-To-Head Analysis: Antero Resources (NYSE:AR) versus Crescent Energy (NYSE:CRGY)

Antero Resources (NYSE:AR) and Crescent Energy (NYSE:CRGY) are both mid-cap oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their dividends, analyst recommendations, earnings, institutional ownership, risk, profitability and valuation.

Profitability

This table compares Antero Resources and Crescent Energy’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Antero Resources	1.88%	0.45%	0.24%
Crescent Energy	0.61%	13.41%	3.58%

Volatility & Risk

Antero Resources has a beta of 3.33, indicating that its stock price is 233% more volatile than the S&P 500. Comparatively, Crescent Energy has a beta of 2.26, indicating that its stock price is 126% more volatile than the S&P 500.

Earnings & Valuation

This table compares Antero Resources and Crescent Energy”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Antero Resources	$4.15 billion	2.12	$242.92 million	$0.20	141.90
Crescent Energy	$2.61 billion	0.79	$67.61 million	($0.20)	-58.40

Antero Resources has higher revenue and earnings than Crescent Energy. Crescent Energy is trading at a lower price-to-earnings ratio than Antero Resources, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a breakdown of current recommendations and price targets for Antero Resources and Crescent Energy, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Antero Resources	0	6	9	2	2.76
Crescent Energy	0	2	6	2	3.00

Antero Resources currently has a consensus target price of $33.13, indicating a potential upside of 16.72%. Crescent Energy has a consensus target price of $16.36, indicating a potential upside of 40.10%. Given Crescent Energy’s stronger consensus rating and higher possible upside, analysts clearly believe Crescent Energy is more favorable than Antero Resources.

Institutional & Insider Ownership

83.0% of Antero Resources shares are owned by institutional investors. Comparatively, 52.1% of Crescent Energy shares are owned by institutional investors. 6.7% of Antero Resources shares are owned by company insiders. Comparatively, 13.2% of Crescent Energy shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary

Antero Resources beats Crescent Energy on 9 of the 14 factors compared between the two stocks.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream. As of December 31, 2023, the company had approximately 515,000 net acres in the Appalachian Basin; and approximately 172,000 net acres in the Upper Devonian Shale. Its gathering and compression systems also comprise 631 miles of gas gathering pipelines in the Appalachian Basin. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was incorporated in 2002 and is headquartered in Denver, Colorado.

About Crescent Energy

Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers. The company is based in Houston, Texas.