PR vs. CVE, FANG, DVN, CTRA, EQT, MRO, OVV, CHK, APA, and AR
Should you be buying Permian Resources stock or one of its competitors? The main competitors of Permian Resources include Cenovus Energy (CVE), Diamondback Energy (FANG), Devon Energy (DVN), Coterra Energy (CTRA), EQT (EQT), Marathon Oil (MRO), Ovintiv (OVV), Chesapeake Energy (CHK), APA (APA), and Antero Resources (AR). These companies are all part of the "crude petroleum & natural gas" industry.
Permian Resources (NASDAQ:PR) and Cenovus Energy (NYSE:CVE) are both large-cap oils/energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, risk, earnings, analyst recommendations, valuation, dividends, community ranking, media sentiment and institutional ownership.
In the previous week, Cenovus Energy had 3 more articles in the media than Permian Resources. MarketBeat recorded 7 mentions for Cenovus Energy and 4 mentions for Permian Resources. Permian Resources' average media sentiment score of 1.49 beat Cenovus Energy's score of 1.21 indicating that Permian Resources is being referred to more favorably in the media.
Permian Resources has a beta of 4.32, meaning that its share price is 332% more volatile than the S&P 500. Comparatively, Cenovus Energy has a beta of 2.1, meaning that its share price is 110% more volatile than the S&P 500.
Permian Resources presently has a consensus price target of $19.38, indicating a potential upside of 18.27%. Cenovus Energy has a consensus price target of $26.67, indicating a potential upside of 28.08%. Given Cenovus Energy's stronger consensus rating and higher possible upside, analysts clearly believe Cenovus Energy is more favorable than Permian Resources.
Cenovus Energy received 598 more outperform votes than Permian Resources when rated by MarketBeat users. Likewise, 60.28% of users gave Cenovus Energy an outperform vote while only 53.52% of users gave Permian Resources an outperform vote.
Cenovus Energy has higher revenue and earnings than Permian Resources. Cenovus Energy is trading at a lower price-to-earnings ratio than Permian Resources, indicating that it is currently the more affordable of the two stocks.
Permian Resources has a net margin of 13.90% compared to Cenovus Energy's net margin of 8.73%. Cenovus Energy's return on equity of 16.53% beat Permian Resources' return on equity.
Permian Resources pays an annual dividend of $0.24 per share and has a dividend yield of 1.5%. Cenovus Energy pays an annual dividend of $0.39 per share and has a dividend yield of 1.9%. Permian Resources pays out 21.8% 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. Cenovus Energy is clearly the better dividend stock, given its higher yield and lower payout ratio.
91.8% of Permian Resources shares are owned by institutional investors. Comparatively, 51.2% of Cenovus Energy shares are owned by institutional investors. 12.8% of Permian Resources shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Summary
Cenovus Energy beats Permian Resources on 12 of the 21 factors compared between the two stocks.
Get Permian Resources News Delivered to You Automatically
Sign up to receive the latest news and ratings for PR and its competitors with MarketBeat's FREE daily newsletter.
This chart shows the number of new MarketBeat users adding PR 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.
Permian Resources Competitors List
Related Companies and Tools
