CVE vs. FANG, DVN, E, CTRA, OXY, EQT, MRO, OVV, PXD, and PR
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), ENI (E), Coterra Energy (CTRA), Occidental Petroleum (OXY), EQT (EQT), Marathon Oil (MRO), Ovintiv (OVV), Pioneer Natural Resources (PXD), and Permian Resources (PR). 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 businesses based on the strength of their dividends, community ranking, valuation, risk, profitability, media sentiment, analyst recommendations, earnings and institutional ownership.
51.2% of Cenovus Energy shares are held by institutional investors. Comparatively, 90.0% of Diamondback Energy shares are held by institutional investors. 0.4% of Diamondback Energy shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
In the previous week, Diamondback Energy had 16 more articles in the media than Cenovus Energy. MarketBeat recorded 20 mentions for Diamondback Energy and 4 mentions for Cenovus Energy. Cenovus Energy's average media sentiment score of 1.10 beat Diamondback Energy's score of 0.87 indicating that Cenovus Energy is being referred to more favorably in the media.
Diamondback Energy has a net margin of 36.71% compared to Cenovus Energy's net margin of 8.73%. Diamondback Energy's return on equity of 19.36% beat Cenovus Energy's return on equity.
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 1.8%. Cenovus Energy pays out 22.8% of its earnings in the form of a dividend. Diamondback Energy pays out 20.3% 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.
Cenovus Energy presently has a consensus target price of $26.67, suggesting a potential upside of 30.40%. Diamondback Energy has a consensus target price of $205.68, suggesting a potential upside of 2.41%. Given Cenovus Energy's stronger consensus rating and higher possible upside, equities analysts plainly believe Cenovus Energy is more favorable than Diamondback Energy.
Cenovus Energy has a beta of 2.1, indicating that its stock price is 110% more volatile than the S&P 500. Comparatively, Diamondback Energy has a beta of 1.91, indicating that its stock price is 91% more volatile than the S&P 500.
Diamondback Energy received 707 more outperform votes than Cenovus Energy when rated by MarketBeat users. Likewise, 78.17% of users gave Diamondback Energy an outperform vote while only 60.34% of users gave Cenovus Energy an outperform vote.
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.
Summary
Diamondback Energy beats Cenovus Energy on 14 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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