CNQ vs. ENB, SU, CVE, IMO, TRP, CCO, TOU, OVV, ARX, and MEG
Should you be buying Canadian Natural Resources stock or one of its competitors? The main competitors of Canadian Natural Resources include Enbridge (ENB), Suncor Energy (SU), Cenovus Energy (CVE), Imperial Oil (IMO), TC Energy (TRP), Cameco (CCO), Tourmaline Oil (TOU), Ovintiv (OVV), ARC Resources (ARX), and MEG Energy (MEG). These companies are all part of the "energy" sector.
Canadian Natural Resources (TSE:CNQ) and Enbridge (TSE:ENB) are both large-cap energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their community ranking, earnings, profitability, institutional ownership, valuation, media sentiment, dividends, analyst recommendations and risk.
Canadian Natural Resources has a net margin of 22.89% compared to Enbridge's net margin of 14.18%. Canadian Natural Resources' return on equity of 21.11% beat Enbridge's return on equity.
Canadian Natural Resources pays an annual dividend of C$3.85 per share and has a dividend yield of 3.6%. Enbridge pays an annual dividend of C$3.66 per share and has a dividend yield of 7.5%. Canadian Natural Resources pays out 51.5% of its earnings in the form of a dividend. Enbridge pays out 128.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
Canadian Natural Resources currently has a consensus target price of C$111.00, suggesting a potential upside of 4.21%. Enbridge has a consensus target price of C$52.94, suggesting a potential upside of 8.12%. Given Enbridge's higher probable upside, analysts plainly believe Enbridge is more favorable than Canadian Natural Resources.
In the previous week, Enbridge had 3 more articles in the media than Canadian Natural Resources. MarketBeat recorded 24 mentions for Enbridge and 21 mentions for Canadian Natural Resources. Canadian Natural Resources' average media sentiment score of 0.62 beat Enbridge's score of 0.51 indicating that Canadian Natural Resources is being referred to more favorably in the media.
79.0% of Canadian Natural Resources shares are owned by institutional investors. Comparatively, 53.7% of Enbridge shares are owned by institutional investors. 2.2% of Canadian Natural Resources shares are owned by company insiders. Comparatively, 0.1% of Enbridge shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Enbridge received 1 more outperform votes than Canadian Natural Resources when rated by MarketBeat users. Likewise, 70.07% of users gave Enbridge an outperform vote while only 59.41% of users gave Canadian Natural Resources an outperform vote.
Canadian Natural Resources has a beta of 1.98, meaning that its share price is 98% more volatile than the S&P 500. Comparatively, Enbridge has a beta of 0.89, meaning that its share price is 11% less volatile than the S&P 500.
Canadian Natural Resources has higher earnings, but lower revenue than Enbridge. Canadian Natural Resources is trading at a lower price-to-earnings ratio than Enbridge, indicating that it is currently the more affordable of the two stocks.
Summary
Canadian Natural Resources beats Enbridge on 13 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CNQ 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 TSE 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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