OVV vs. PR, MRO, CHK, AR, EQT, APA, RRC, SWN, MTDR, and HESM
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), APA (APA), Range Resources (RRC), Southwestern Energy (SWN), Matador Resources (MTDR), and Hess Midstream (HESM). These companies are all part of the "crude petroleum & natural gas" industry.
Ovintiv (NYSE:OVV) and Permian Resources (NASDAQ:PR) 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 institutional ownership, risk, valuation, dividends, analyst recommendations, profitability, media sentiment, community ranking and earnings.
Ovintiv pays an annual dividend of $1.20 per share and has a dividend yield of 2.4%. Permian Resources pays an annual dividend of $0.20 per share and has a dividend yield of 1.2%. Ovintiv pays out 16.8% of its earnings in the form of a dividend. Permian Resources pays out 18.2% 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 is clearly the better dividend stock, given its higher yield and lower payout ratio.
Ovintiv received 102 more outperform votes than Permian Resources when rated by MarketBeat users. However, 53.52% of users gave Permian Resources an outperform vote while only 49.65% of users gave Ovintiv an outperform vote.
In the previous week, Permian Resources had 16 more articles in the media than Ovintiv. MarketBeat recorded 39 mentions for Permian Resources and 23 mentions for Ovintiv. Permian Resources' average media sentiment score of 0.87 beat Ovintiv's score of 0.52 indicating that Permian Resources is being referred to more favorably in the news media.
Ovintiv has a net margin of 18.12% compared to Permian Resources' net margin of 13.90%. Ovintiv's return on equity of 17.74% beat Permian Resources' return on equity.
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.
83.8% of Ovintiv shares are held by institutional investors. Comparatively, 91.8% of Permian Resources shares are held by institutional investors. 1.0% of Ovintiv shares are held by insiders. Comparatively, 12.8% of Permian Resources shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Ovintiv presently has a consensus price target of $57.06, suggesting a potential upside of 14.62%. Permian Resources has a consensus price target of $19.38, suggesting a potential upside of 15.32%. Given Permian Resources' stronger consensus rating and higher possible upside, analysts plainly believe Permian Resources is more favorable than Ovintiv.
Ovintiv has a beta of 2.65, indicating that its stock price is 165% more volatile than the S&P 500. Comparatively, Permian Resources has a beta of 4.32, indicating that its stock price is 332% more volatile than the S&P 500.
Summary
Permian Resources beats Ovintiv on 12 of the 21 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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