AR vs. CNQ: Antero Resources vs. Canadian Natural Resources Stock Comparison
How do Antero Resources (AR) and Canadian Natural Resources (CNQ) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Antero Resources (AR) and Canadian Natural Resources (CNQ) are both classified in the Oil & Gas Exploration & Production sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.
| Profile Item | AR | CNQ |
|---|---|---|
| Name | Antero Resources Corporation | Canadian Natural Resources Ltd. |
| Country/Region | United States | Canada |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Oil, Gas & Consumable Fuels |
| GICS Sub-Industry | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production |
| Market Capitalization | 11.08 billion USD | 98.81 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | October 10, 2013 | July 31, 2000 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AR | CNQ |
|---|---|---|
| Total Return (1Y) | 7.96% | 56.47% |
| Total Return (3Y, Annualized) | 11.53% | 19.27% |
| Total Return (5Y, Annualized) | 12.31% | 23.01% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AR | CNQ |
|---|---|---|
| Volatility (1Y, Annualized) | 37.70% | 32.07% |
| Beta (5Y) | 0.52 | 0.48 |
| Max Drawdown (5Y) | -58.39% | -35.85% |
| Avg. Volume (3M) | 4.04M | 6.32M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AR | CNQ |
|---|---|---|
| Sharpe Ratio (1Y) | 0.10 | 1.63 |
| Sortino Ratio (1Y) | 0.14 | 2.31 |
Profitability
ROE (TTM)
Canadian Natural Resources (CNQ) at 32.39% sits in the top ROE quartile, while Antero Resources (AR) at 17.39% is closer to the peer norm — stronger capital efficiency for CNQ.
AR
Energy industry group
17.39%
- Max
- 53.85%
- Q3
- 24.79%
- AR
- 17.39%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
CNQ
Energy industry group
32.39%
- Max
- 53.85%
- CNQ
- 32.39%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
For every dollar of sales, both Antero Resources (AR) at 22.98% and Canadian Natural Resources (CNQ) at 29.51% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
AR
Energy industry group
22.98%
- Max
- 56.92%
- AR
- 22.98%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
CNQ
Energy industry group
29.51%
- Max
- 56.92%
- CNQ
- 29.51%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Both Antero Resources (AR) at 29.50% and Canadian Natural Resources (CNQ) at 32.24% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
AR
Energy industry group
29.50%
- Max
- 71.31%
- Q3
- 33.75%
- AR
- 29.50%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
CNQ
Energy industry group
32.24%
- Max
- 71.31%
- Q3
- 33.75%
- CNQ
- 32.24%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | AR | CNQ |
|---|---|---|
| ROE (TTM) | 17.39% | 32.39% |
| ROA (TTM) | 7.69% | 9.97% |
| Net Margin (TTM) | 22.98% | 29.51% |
| Operating Margin (TTM) | 29.50% | 32.24% |
| Gross Margin (TTM) | 68.28% | 52.92% |
Growth
Revenue Growth
Antero Resources (AR) at 21.73% sits in the top revenue growth quartile, while Canadian Natural Resources (CNQ) at 6.40% is closer to the peer norm — faster top-line expansion for AR.
EPS Growth
Both companies show strong earnings momentum, but Antero Resources (AR) at 1,027.78% is the standout with EPS growth above its industry range; Canadian Natural Resources (CNQ) at 81.05% also sits in the top quartile.
Growth Metrics
| Metric | AR | CNQ |
|---|---|---|
| Revenue Growth (YoY) | 21.73% | 6.40% |
| Revenue Growth (3Y CAGR) | -15.47% | -3.75% |
| EPS Growth (YoY) | 1,027.78% | 81.05% |
| EPS Growth (3Y CAGR) | -29.41% | 2.73% |
Financial Strength
Current Ratio (MRQ)
Canadian Natural Resources (CNQ) at 0.99 keeps current ratio within its industry’s typical mid-range, while Antero Resources (AR) at 0.39 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for AR.
AR
Energy industry group
0.39
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- AR
- 0.39
- Min
- 0.24
CNQ
Energy industry group
0.99
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- CNQ
- 0.99
- Q1
- 0.88
- Min
- 0.24
Debt / Equity (MRQ)
Both Antero Resources (AR) at 0.54 and Canadian Natural Resources (CNQ) at 0.42 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
AR
Energy industry group
0.54
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- AR
- 0.54
- Q1
- 0.30
- Min
- 0.00
CNQ
Energy industry group
0.42
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- CNQ
- 0.42
- Q1
- 0.30
- Min
- 0.00
Financial Strength Metrics
| Metric | AR | CNQ |
|---|---|---|
| Current Ratio (MRQ) | 0.39 | 0.99 |
| Debt / Equity (MRQ) | 0.54 | 0.42 |
| Net Debt / EBITDA | -- | 0.67 |
Dividends
Dividend Yield (TTM)
Antero Resources (AR) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Canadian Natural Resources (CNQ) reports a yield of 5.03%, ranking against industry peers normally.
AR
Energy industry group
0.00%
- Max
- 8.57%
- Q3
- 3.58%
- Median
- 1.71%
- AR
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
CNQ
Energy industry group
5.03%
- Max
- 8.57%
- CNQ
- 5.03%
- Q3
- 3.58%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Antero Resources (AR) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Canadian Natural Resources (CNQ) reports a payout of 36.37%, ranking against industry peers normally.
AR
Energy industry group
0.00%
- Max
- 133.24%
- Q3
- 53.31%
- Median
- 25.24%
- AR
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
CNQ
Energy industry group
36.37%
- Max
- 133.24%
- Q3
- 53.31%
- CNQ
- 36.37%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | AR | CNQ |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 5.03% |
| Dividend Payout Ratio (TTM) | 0.00% | 36.37% |
Valuation
P/E Ratio (TTM)
Both Antero Resources (AR) at 8.14 and Canadian Natural Resources (CNQ) at 9.95 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
AR
Energy industry group
8.14
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- AR
- 8.14
- Q1
- 7.71
- Min
- 2.99
CNQ
Energy industry group
9.95
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- CNQ
- 9.95
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
On P/S ratio, both Antero Resources (AR) at 1.85 and Canadian Natural Resources (CNQ) at 2.06 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
AR
Energy industry group
1.85
- Max
- 5.40
- Q3
- 2.85
- AR
- 1.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
CNQ
Energy industry group
2.06
- Max
- 5.40
- Q3
- 2.85
- CNQ
- 2.06
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Antero Resources (AR) at 1.28 is valued about in line with its industry on P/B ratio, while Canadian Natural Resources (CNQ) at 2.97 carries an above-peer premium to book — CNQ is pricier on assets.
AR
Energy industry group
1.28
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- AR
- 1.28
- Q1
- 1.08
- Min
- 0.01
CNQ
Energy industry group
2.97
- Max
- 4.21
- CNQ
- 2.97
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | AR | CNQ |
|---|---|---|
| P/E Ratio (TTM) | 8.14 | 9.95 |
| P/S Ratio (TTM) | 1.85 | 2.06 |
| P/B Ratio (MRQ) | 1.28 | 2.97 |
| Free Cash Flow Yield (TTM) | 2.37% | 12.33% |