CVE vs. CNQ, EOG, PXD, OXY, E, FANG, DVN, EC, CTRA, and EQT
Should you be buying Cenovus Energy stock or one of its competitors? The main competitors of Cenovus Energy include Canadian Natural Resources (CNQ), EOG Resources (EOG), Pioneer Natural Resources (PXD), Occidental Petroleum (OXY), ENI (E), Diamondback Energy (FANG), Devon Energy (DVN), Ecopetrol (EC), Coterra Energy (CTRA), and EQT (EQT). These companies are all part of the "crude petroleum & natural gas" industry.
Canadian Natural Resources (NYSE:CNQ) and Cenovus Energy (NYSE:CVE) are both large-cap oils/energy companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, risk, community ranking, institutional ownership, dividends, earnings, analyst recommendations, media sentiment and profitability.
Canadian Natural Resources has higher earnings, but lower revenue than Cenovus Energy. Cenovus Energy is trading at a lower price-to-earnings ratio than Canadian Natural Resources, indicating that it is currently the more affordable of the two stocks.
Canadian Natural Resources presently has a consensus target price of $94.00, suggesting a potential upside of 22.35%. Cenovus Energy has a consensus target price of $26.67, suggesting a potential upside of 28.08%. Given Canadian Natural Resources' stronger consensus rating and higher probable upside, analysts clearly believe Cenovus Energy is more favorable than Canadian Natural Resources.
Canadian Natural Resources pays an annual dividend of $3.09 per share and has a dividend yield of 4.0%. Cenovus Energy pays an annual dividend of $0.39 per share and has a dividend yield of 1.9%. Canadian Natural Resources pays out 61.6% of its earnings in the form of a dividend. Cenovus Energy pays out 21.7% 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. Canadian Natural Resources has raised its dividend for 23 consecutive years and Cenovus Energy has raised its dividend for 3 consecutive years. Canadian Natural Resources is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Canadian Natural Resources has a net margin of 18.21% compared to Canadian Natural Resources' net margin of 8.73%. Cenovus Energy's return on equity of 20.58% beat Canadian Natural Resources' return on equity.
Cenovus Energy received 31 more outperform votes than Canadian Natural Resources when rated by MarketBeat users. However, 69.22% of users gave Canadian Natural Resources an outperform vote while only 60.28% of users gave Cenovus Energy an outperform vote.
Canadian Natural Resources has a beta of 1.52, indicating that its share price is 52% more volatile than the S&P 500. Comparatively, Cenovus Energy has a beta of 2.1, indicating that its share price is 110% more volatile than the S&P 500.
74.0% of Canadian Natural Resources shares are owned by institutional investors. Comparatively, 51.2% of Cenovus Energy shares are owned by institutional investors. 5.0% of Canadian Natural Resources shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
In the previous week, Canadian Natural Resources had 1 more articles in the media than Cenovus Energy. MarketBeat recorded 8 mentions for Canadian Natural Resources and 7 mentions for Cenovus Energy. Canadian Natural Resources' average media sentiment score of 1.21 beat Cenovus Energy's score of 0.94 indicating that Cenovus Energy is being referred to more favorably in the news media.
Summary
Canadian Natural Resources beats Cenovus Energy on 13 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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