CVE vs. FANG, DVN, EC, E, CTRA, OXY, EQT, MRO, PXD, and OVV
Should you be buying Cenovus Energy stock or one of its competitors? The main competitors of Cenovus Energy include Diamondback Energy (FANG), Devon Energy (DVN), Ecopetrol (EC), ENI (E), Coterra Energy (CTRA), Occidental Petroleum (OXY), EQT (EQT), Marathon Oil (MRO), Pioneer Natural Resources (PXD), and Ovintiv (OVV). These companies are all part of the "crude petroleum & natural gas" industry.
Cenovus Energy (NYSE:CVE) and Diamondback Energy (NASDAQ:FANG) are both large-cap oils/energy companies, but which is the superior stock? We will contrast the two companies based on the strength of their risk, community ranking, analyst recommendations, valuation, profitability, dividends, institutional ownership, media sentiment and earnings.
Diamondback Energy received 704 more outperform votes than Cenovus Energy when rated by MarketBeat users. Likewise, 78.12% of users gave Diamondback Energy an outperform vote while only 60.30% of users gave Cenovus Energy an outperform vote.
Cenovus Energy presently has a consensus price target of $26.67, suggesting a potential upside of 32.01%. Diamondback Energy has a consensus price target of $202.53, suggesting a potential upside of 4.09%. Given Cenovus Energy's stronger consensus rating and higher probable upside, equities research analysts clearly believe Cenovus Energy is more favorable than Diamondback Energy.
Diamondback Energy has a net margin of 37.36% compared to Cenovus Energy's net margin of 7.88%. Diamondback Energy's return on equity of 19.56% beat Cenovus Energy's return on equity.
51.2% of Cenovus Energy shares are owned by institutional investors. Comparatively, 90.0% of Diamondback Energy shares are owned by institutional investors. 0.4% of Diamondback Energy shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Cenovus Energy pays an annual dividend of $0.41 per share and has a dividend yield of 2.0%. Diamondback Energy pays an annual dividend of $3.60 per share and has a dividend yield of 1.9%. Cenovus Energy pays out 25.9% of its earnings in the form of a dividend. Diamondback Energy pays out 20.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.
Diamondback Energy has lower revenue, but higher earnings than Cenovus Energy. Diamondback Energy is trading at a lower price-to-earnings ratio than Cenovus Energy, indicating that it is currently the more affordable of the two stocks.
Cenovus Energy has a beta of 2.15, meaning that its share price is 115% more volatile than the S&P 500. Comparatively, Diamondback Energy has a beta of 1.93, meaning that its share price is 93% more volatile than the S&P 500.
In the previous week, Diamondback Energy had 19 more articles in the media than Cenovus Energy. MarketBeat recorded 30 mentions for Diamondback Energy and 11 mentions for Cenovus Energy. Diamondback Energy's average media sentiment score of 0.84 beat Cenovus Energy's score of 0.44 indicating that Diamondback Energy is being referred to more favorably in the news media.
Summary
Diamondback Energy beats Cenovus Energy on 15 of the 21 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CVE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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