TOU vs. OVV, ARX, MEG, CPG, SCR, PSK, WCP, PPL, CCO, and ALA
Should you be buying Tourmaline Oil stock or one of its competitors? The main competitors of Tourmaline Oil include Ovintiv (OVV), ARC Resources (ARX), MEG Energy (MEG), Crescent Point Energy (CPG), Strathcona Resources (SCR), PrairieSky Royalty (PSK), Whitecap Resources (WCP), Pembina Pipeline (PPL), Cameco (CCO), and AltaGas (ALA). These companies are all part of the "energy" sector.
Tourmaline Oil (TSE:TOU) and Ovintiv (TSE:OVV) are both large-cap energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their valuation, profitability, institutional ownership, media sentiment, earnings, risk, community ranking, dividends and analyst recommendations.
Tourmaline Oil presently has a consensus target price of C$78.38, suggesting a potential upside of 16.23%. Ovintiv has a consensus target price of C$58.50, suggesting a potential downside of 13.68%. Given Tourmaline Oil's stronger consensus rating and higher possible upside, equities research analysts clearly believe Tourmaline Oil is more favorable than Ovintiv.
Tourmaline Oil received 785 more outperform votes than Ovintiv when rated by MarketBeat users. Likewise, 71.64% of users gave Tourmaline Oil an outperform vote while only 58.06% of users gave Ovintiv an outperform vote.
Tourmaline Oil has a net margin of 35.78% compared to Ovintiv's net margin of 19.56%. Ovintiv's return on equity of 23.09% beat Tourmaline Oil's return on equity.
Tourmaline Oil pays an annual dividend of C$1.28 per share and has a dividend yield of 1.9%. Ovintiv pays an annual dividend of C$1.63 per share and has a dividend yield of 2.4%. Tourmaline Oil pays out 25.7% of its earnings in the form of a dividend. Ovintiv pays out 15.1% 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 has higher revenue and earnings than Tourmaline Oil. Ovintiv is trading at a lower price-to-earnings ratio than Tourmaline Oil, indicating that it is currently the more affordable of the two stocks.
55.1% of Tourmaline Oil shares are owned by institutional investors. Comparatively, 82.7% of Ovintiv shares are owned by institutional investors. 5.2% of Tourmaline Oil shares are owned by company insiders. Comparatively, 0.5% of Ovintiv shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
In the previous week, Ovintiv had 10 more articles in the media than Tourmaline Oil. MarketBeat recorded 11 mentions for Ovintiv and 1 mentions for Tourmaline Oil. Tourmaline Oil's average media sentiment score of 0.59 beat Ovintiv's score of 0.12 indicating that Tourmaline Oil is being referred to more favorably in the media.
Tourmaline Oil has a beta of 1.41, suggesting that its stock price is 41% more volatile than the S&P 500. Comparatively, Ovintiv has a beta of 2.69, suggesting that its stock price is 169% more volatile than the S&P 500.
Summary
Tourmaline Oil beats Ovintiv on 11 of the 21 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding TOU 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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