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These energy stocks may be due for a comeback from the natural gas plunge, if history is any guide

A natural gas production platform
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A natural gas production platform

The sharp drop in natural gas prices this month could present a buying opportunity around those stocks that have been hit the hardest by the plunge, if history is any guide.

Over the past month, natural gas prices dropped more than 15 percent on expectations of warmer weather throughout the United States, which could lower demand for the commodity.

Given the magnitude of the pullback, however, history shows natural gas prices could be due for a rebound in the days ahead as bottom-fishing investors step in to buy.

Using the quantitative tool Kensho, CNBC PRO searched for periods in the past decade when natural gas prices were down at least 15 percent in a month.

We then looked at the performance of natural gas companies two weeks after a similar drop in natural gas prices.

For our screen, we used the components of the First Trust Natural Gas ETF, an exchange-traded fund that aims to replicate the returns of the ISE-Revere Natural Gas Index, a benchmark comprised of companies involved in natural gas production and exploration.

The results from our study show there have been 32 instances when natural gas prices fell at least 15 percent in a month. Two weeks after similar drops, the First Trust Natural Gas ETF was up 69 percent of the time two weeks out, posting an average gain of 3.2 percent, according to Kensho.

Among individual names, Anadarko Petroleum, Concho Resources and Range Resources each saw their shares rise at least 4.5 percent on average two weeks out, data from Kensho shows.

Disclosure: NBCUniversal, parent of CNBC, is a minority investor in Kensho.