OVV vs. PR, MRO, CHK, AR, EQT, RRC, SWN, HESM, MTDR, and CHRD
Should you be buying Ovintiv stock or one of its competitors? The main competitors of Ovintiv include Permian Resources (PR), Marathon Oil (MRO), Chesapeake Energy (CHK), Antero Resources (AR), EQT (EQT), Range Resources (RRC), Southwestern Energy (SWN), Hess Midstream (HESM), Matador Resources (MTDR), and Chord Energy (CHRD). These companies are all part of the "crude petroleum & natural gas" industry.
Permian Resources (NASDAQ:PR) and Ovintiv (NYSE:OVV) are both large-cap oils/energy companies, but which is the superior business? We will compare the two businesses based on the strength of their risk, institutional ownership, media sentiment, dividends, valuation, earnings, profitability, community ranking and analyst recommendations.
Permian Resources pays an annual dividend of $0.20 per share and has a dividend yield of 1.2%. Ovintiv pays an annual dividend of $1.20 per share and has a dividend yield of 2.4%. Permian Resources pays out 17.2% of its earnings in the form of a dividend. Ovintiv pays out 15.2% 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. Ovintiv has increased its dividend for 3 consecutive years. Ovintiv is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Ovintiv has higher revenue and earnings than Permian Resources. Ovintiv is trading at a lower price-to-earnings ratio than Permian Resources, indicating that it is currently the more affordable of the two stocks.
91.8% of Permian Resources shares are owned by institutional investors. Comparatively, 83.8% of Ovintiv shares are owned by institutional investors. 12.8% of Permian Resources shares are owned by insiders. Comparatively, 1.0% of Ovintiv shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
Ovintiv has a net margin of 19.16% compared to Ovintiv's net margin of 15.26%. Permian Resources' return on equity of 19.50% beat Ovintiv's return on equity.
Ovintiv received 101 more outperform votes than Permian Resources when rated by MarketBeat users. However, 53.52% of users gave Permian Resources an outperform vote while only 49.47% of users gave Ovintiv an outperform vote.
In the previous week, Permian Resources had 3 more articles in the media than Ovintiv. MarketBeat recorded 13 mentions for Permian Resources and 10 mentions for Ovintiv. Permian Resources' average media sentiment score of 0.62 beat Ovintiv's score of 0.55 indicating that Ovintiv is being referred to more favorably in the news media.
Permian Resources presently has a consensus target price of $19.38, suggesting a potential upside of 13.89%. Ovintiv has a consensus target price of $56.71, suggesting a potential upside of 12.11%. Given Ovintiv's stronger consensus rating and higher probable upside, equities analysts clearly believe Permian Resources is more favorable than Ovintiv.
Permian Resources has a beta of 4.32, suggesting that its stock price is 332% more volatile than the S&P 500. Comparatively, Ovintiv has a beta of 2.65, suggesting that its stock price is 165% more volatile than the S&P 500.
Summary
Permian Resources and Ovintiv tied by winning 11 of the 22 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding OVV 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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