COMPARE · Reviewed August 3, 2026
AR vs E
Verdict: Side-by-side breakdown using the Bull Rankings model. AR scored 63.8, E scored 58.8 — AR leads.
Compare another set
Different reporting periods. AR's fundamentals are as of June 2026, but E's are as of December 2018 — a 91-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
AR
Antero Resources Corporation
63.8
$36.48 · $11.2B
fundamentals as of
Score gap
5.0
AR leads
E
Eni S.p.A.
58.8
$54.50 · $79.0B
fundamentals as of
The model, pillar by pillar (0–100 each)
AR
stronger →← stronger
E
67
Qualityreturns · margins · balance sheet
65
50
Growthrevenue & earnings expansion
50
78
Valuevaluation vs sector peers
73
AR is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
AR
E
$899mC+
FCF
$2.9bB
+25.8%A-
Rev
-7.5%D
0.55B
D/E
0.65B
10.5xA-
P/E
19.3xB
0.73A-
PEG
0.45A
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
AR
E
13% below
Price vs fair valuelower is cheaper
122% above
~-1%/yr
Growth the price implies10-yr FCF · lower = less priced in
~18%/yr
+17%
1-yr DCF upside
-50%
+15%
5-yr DCF upside
-55%
+12%
10-yr DCF upside
-61%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
AR
Why this score
- Cyclical growth
E
Why this score
- Buying back stock
- Raising its dividend
- Revenue shrinking
- Short track record
- Foreign reporter (EUR)
The companies
ARAntero Resources Corporation
Why now
Oil & Gas E&P · market cap $11.2b. Down 20% from 52-week high of $45.75 — deep drawdown territory. Revenue growing +26% — in hypergrowth territory. PEG 0.73 — paying under fair value for the growth rate. 20 sell-side analysts rate this a Buy with a mean 1-yr target of $48.50 (implying +33% upside).
Moat
Net margin 18% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 14% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere.
Risk
Jurisdictional + permitting risk — mining and extraction operations concentrate exposure to political stability, royalty regimes, and environmental review timelines that can stall production for years.
EEni S.p.A.
Why now
Oil & Gas Integrated · market cap $79.0b. 6% off the 52-week high of $58.00. Revenue -7% — in contraction; any catalyst that reverses this triggers re-rating. PEG 0.45 — paying under fair value for the growth rate. 5 sell-side analysts rate this a Hold with a mean 1-yr target of $52.88 (implying -3% upside).
Moat
ROE 11% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. $79.0b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
Revenue contracting -7% — the operational turn is not yet visible in the top line. Dividend payout 86% of earnings on a 4.4% yield — distribution coverage is thin; one earnings stumble could force a dividend cut. Production-cost sensitivity — top-quartile cost producers generate cash through the cycle while marginal producers burn it; watch the cost-per-unit trend, not just headline revenue.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.