CRC vs. OVV, PR, CHK, APA, AR, RRC, SWN, HESM, MTDR, and CHRD
Should you be buying California Resources stock or one of its competitors? The main competitors of California Resources include Ovintiv (OVV), Permian Resources (PR), Chesapeake Energy (CHK), APA (APA), Antero Resources (AR), Range Resources (RRC), Southwestern Energy (SWN), Hess Midstream (HESM), Matador Resources (MTDR), and Chord Energy (CHRD). These companies are all part of the "crude petroleum & natural gas" industry.
Ovintiv (NYSE:OVV) and California Resources (NYSE:CRC) are both oils/energy companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, analyst recommendations, profitability, dividends, institutional ownership, earnings, community ranking, media sentiment and valuation.
Ovintiv has a net margin of 18.12% compared to Ovintiv's net margin of 11.34%. California Resources' return on equity of 17.74% beat Ovintiv's return on equity.
Ovintiv has a beta of 2.64, suggesting that its share price is 164% more volatile than the S&P 500. Comparatively, California Resources has a beta of 1.03, suggesting that its share price is 3% more volatile than the S&P 500.
In the previous week, Ovintiv had 6 more articles in the media than California Resources. MarketBeat recorded 14 mentions for Ovintiv and 8 mentions for California Resources. Ovintiv's average media sentiment score of 0.71 beat California Resources' score of 0.60 indicating that California Resources is being referred to more favorably in the news media.
83.8% of Ovintiv shares are held by institutional investors. Comparatively, 97.8% of California Resources shares are held by institutional investors. 1.0% of Ovintiv shares are held by insiders. Comparatively, 0.6% of California Resources shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
California Resources received 224 more outperform votes than Ovintiv when rated by MarketBeat users. Likewise, 61.04% of users gave California Resources an outperform vote while only 49.82% of users gave Ovintiv an outperform vote.
Ovintiv has higher revenue and earnings than California Resources. Ovintiv is trading at a lower price-to-earnings ratio than California Resources, indicating that it is currently the more affordable of the two stocks.
Ovintiv currently has a consensus price target of $57.56, indicating a potential upside of 17.16%. California Resources has a consensus price target of $63.71, indicating a potential upside of 37.34%. Given Ovintiv's stronger consensus rating and higher possible upside, analysts plainly believe California Resources is more favorable than Ovintiv.
Ovintiv pays an annual dividend of $1.20 per share and has a dividend yield of 2.4%. California Resources pays an annual dividend of $1.24 per share and has a dividend yield of 2.7%. Ovintiv pays out 16.8% of its earnings in the form of a dividend. California Resources pays out 35.5% 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 has raised its dividend for 3 consecutive years and California Resources has raised its dividend for 1 consecutive years.
Summary
Ovintiv beats California Resources 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 CRC and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip ChartThis 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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