CVE vs. IMO, SU, TRP, CCO, PPL, TOU, OVV, ARX, ENB, and CNQ
Should you be buying Cenovus Energy stock or one of its competitors? The main competitors of Cenovus Energy include Imperial Oil (IMO), Suncor Energy (SU), TC Energy (TRP), Cameco (CCO), Pembina Pipeline (PPL), Tourmaline Oil (TOU), Ovintiv (OVV), ARC Resources (ARX), Enbridge (ENB), and Canadian Natural Resources (CNQ). These companies are all part of the "energy" sector.
Cenovus Energy (TSE:CVE) and Imperial Oil (TSE:IMO) are both large-cap energy companies, but which is the better investment? We will contrast the two companies based on the strength of their media sentiment, dividends, institutional ownership, earnings, valuation, community ranking, profitability, analyst recommendations and risk.
Cenovus Energy received 413 more outperform votes than Imperial Oil when rated by MarketBeat users. Likewise, 58.84% of users gave Cenovus Energy an outperform vote while only 35.63% of users gave Imperial Oil an outperform vote.
In the previous week, Imperial Oil had 5 more articles in the media than Cenovus Energy. MarketBeat recorded 10 mentions for Imperial Oil and 5 mentions for Cenovus Energy. Cenovus Energy's average media sentiment score of 1.00 beat Imperial Oil's score of 0.83 indicating that Cenovus Energy is being referred to more favorably in the media.
Cenovus Energy presently has a consensus price target of C$33.35, suggesting a potential upside of 18.29%. Imperial Oil has a consensus price target of C$96.31, suggesting a potential upside of 3.78%. Given Cenovus Energy's stronger consensus rating and higher possible upside, equities research analysts clearly believe Cenovus Energy is more favorable than Imperial Oil.
Cenovus Energy pays an annual dividend of C$0.56 per share and has a dividend yield of 2.0%. Imperial Oil pays an annual dividend of C$2.40 per share and has a dividend yield of 2.6%. Cenovus Energy pays out 26.4% of its earnings in the form of a dividend. Imperial Oil pays out 28.3% 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.
Imperial Oil has a net margin of 9.64% compared to Cenovus Energy's net margin of 7.87%. Imperial Oil's return on equity of 21.91% beat Cenovus Energy's return on equity.
Imperial Oil has lower revenue, but higher earnings than Cenovus Energy. Imperial Oil is trading at a lower price-to-earnings ratio than Cenovus Energy, indicating that it is currently the more affordable of the two stocks.
55.5% of Cenovus Energy shares are held by institutional investors. Comparatively, 26.4% of Imperial Oil shares are held by institutional investors. 31.5% of Cenovus Energy shares are held by insiders. Comparatively, 69.6% of Imperial Oil shares are held by 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.
Cenovus Energy has a beta of 2.78, meaning that its stock price is 178% more volatile than the S&P 500. Comparatively, Imperial Oil has a beta of 1.84, meaning that its stock price is 84% more volatile than the S&P 500.
Summary
Cenovus Energy beats Imperial Oil on 12 of the 20 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 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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