FANG vs. DVN, EQT, MRO, PXD, EOG, CVE, CTRA, E, OXY, and OVV
Should you be buying Diamondback Energy stock or one of its competitors? The main competitors of Diamondback Energy include Devon Energy (DVN), EQT (EQT), Marathon Oil (MRO), Pioneer Natural Resources (PXD), EOG Resources (EOG), Cenovus Energy (CVE), Coterra Energy (CTRA), ENI (E), Occidental Petroleum (OXY), and Ovintiv (OVV). These companies are all part of the "crude petroleum & natural gas" industry.
Diamondback Energy (NASDAQ:FANG) and Devon Energy (NYSE:DVN) are both large-cap oils/energy companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, earnings, community ranking, media sentiment, valuation, dividends, profitability, risk and analyst recommendations.
Diamondback Energy received 7 more outperform votes than Devon Energy when rated by MarketBeat users. Likewise, 78.16% of users gave Diamondback Energy an outperform vote while only 71.47% of users gave Devon Energy an outperform vote.
90.0% of Diamondback Energy shares are owned by institutional investors. Comparatively, 69.7% of Devon Energy shares are owned by institutional investors. 0.4% of Diamondback Energy shares are owned by company insiders. Comparatively, 0.6% of Devon Energy shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Diamondback Energy presently has a consensus target price of $205.68, suggesting a potential upside of 0.96%. Devon Energy has a consensus target price of $58.56, suggesting a potential upside of 15.15%. Given Devon Energy's stronger consensus rating and higher probable upside, analysts plainly believe Devon Energy is more favorable than Diamondback Energy.
Devon Energy has higher revenue and earnings than Diamondback Energy. Devon Energy is trading at a lower price-to-earnings ratio than Diamondback Energy, indicating that it is currently the more affordable of the two stocks.
Diamondback Energy pays an annual dividend of $3.60 per share and has a dividend yield of 1.8%. Devon Energy pays an annual dividend of $0.88 per share and has a dividend yield of 1.7%. Diamondback Energy pays out 20.3% of its earnings in the form of a dividend. Devon Energy pays out 16.8% 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 a net margin of 36.71% compared to Devon Energy's net margin of 22.27%. Devon Energy's return on equity of 29.02% beat Diamondback Energy's return on equity.
Diamondback Energy has a beta of 1.91, meaning that its stock price is 91% more volatile than the S&P 500. Comparatively, Devon Energy has a beta of 2.16, meaning that its stock price is 116% more volatile than the S&P 500.
In the previous week, Devon Energy had 4 more articles in the media than Diamondback Energy. MarketBeat recorded 31 mentions for Devon Energy and 27 mentions for Diamondback Energy. Devon Energy's average media sentiment score of 0.87 beat Diamondback Energy's score of 0.81 indicating that Devon Energy is being referred to more favorably in the news media.
Summary
Devon Energy beats Diamondback Energy on 11 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding FANG 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 NASDAQ 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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