POU vs. OVV, ARX, MEG, SCR, CPG, WCP, PSK, ERF, BTE, and PEY
Should you be buying Paramount Resources stock or one of its competitors? The main competitors of Paramount Resources include Ovintiv (OVV), ARC Resources (ARX), MEG Energy (MEG), Strathcona Resources (SCR), Crescent Point Energy (CPG), Whitecap Resources (WCP), PrairieSky Royalty (PSK), Enerplus (ERF), Baytex Energy (BTE), and Peyto Exploration & Development (PEY). These companies are all part of the "oil & gas e&p" industry.
Paramount Resources (TSE:POU) and Ovintiv (TSE:OVV) are both energy companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, earnings, profitability, risk, analyst recommendations, valuation, dividends, media sentiment and community ranking.
Paramount Resources has a net margin of 19.97% compared to Ovintiv's net margin of 18.52%. Ovintiv's return on equity of 21.33% beat Paramount Resources' return on equity.
Ovintiv has higher revenue and earnings than Paramount Resources. Ovintiv is trading at a lower price-to-earnings ratio than Paramount Resources, indicating that it is currently the more affordable of the two stocks.
Paramount Resources has a beta of 3.19, suggesting that its share price is 219% more volatile than the S&P 500. Comparatively, Ovintiv has a beta of 2.67, suggesting that its share price is 167% more volatile than the S&P 500.
Paramount Resources pays an annual dividend of C$1.80 per share and has a dividend yield of 5.5%. Ovintiv pays an annual dividend of C$1.64 per share and has a dividend yield of 2.3%. Paramount Resources pays out 78.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Ovintiv pays out 16.7% of its earnings in the form of a dividend.
Paramount Resources received 365 more outperform votes than Ovintiv when rated by MarketBeat users. However, 58.06% of users gave Ovintiv an outperform vote while only 52.49% of users gave Paramount Resources an outperform vote.
Paramount Resources currently has a consensus price target of C$35.80, suggesting a potential upside of 9.18%. Ovintiv has a consensus price target of C$58.50, suggesting a potential downside of 16.90%. Given Paramount Resources' stronger consensus rating and higher probable upside, research analysts clearly believe Paramount Resources is more favorable than Ovintiv.
In the previous week, Ovintiv had 7 more articles in the media than Paramount Resources. MarketBeat recorded 13 mentions for Ovintiv and 6 mentions for Paramount Resources. Ovintiv's average media sentiment score of 0.74 beat Paramount Resources' score of 0.12 indicating that Ovintiv is being referred to more favorably in the news media.
9.3% of Paramount Resources shares are held by institutional investors. Comparatively, 81.5% of Ovintiv shares are held by institutional investors. 45.6% of Paramount Resources shares are held by company insiders. Comparatively, 0.5% of Ovintiv shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Summary
Paramount Resources and Ovintiv tied by winning 10 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding POU 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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