Rational Investing

Exploration and Production - Natural Gas

	Total Market Capitalization of All Firms	$65,989 mm
	Average Market Capitalization	$9,427 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.4
	Standard Deviation of MM Ratio	0.5
	Average Beta	2.2
	Average EV To Revenue	3.1
	Average EV To EBITDAM	29.4
	Average Price To Free Cash Flow	11.6

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
RRC	Range Resources Corp.	2.51	1,638	3.6	6.5	30	-36	1.9	Mar 20
NVTK.ME	Novatek OAO	1.71	43,848	0.5	20.1	30	-4	1.0	Dec 19
COG	Cabot Oil & Gas Corp	1.70	7,209	6.1	17	42.9	-30	1.9	Mar 20
CNX	CNX Resources Corporation	1.21	1,663	4.1	8.5	15.2	-27	1.9	Mar 20
CLR	Continental Resources Inc.	1.04	5,681	2.8	15.1	27.9	-15	3.1	Mar 20
APA	Apache Corp	0.98	4,537	2.9	11.1	30	-18	4.2	Mar 20
SWN	Southwestern Energy Co	0.84	1,412	1.3	2.6	30	-9	1.5	Mar 20