CVE vs. FANG, DVN, CTRA, E, OXY, EQT, MRO, OVV, PR, and PXD
Should you be buying Cenovus Energy stock or one of its competitors? The main competitors of Cenovus Energy include Diamondback Energy (FANG), Devon Energy (DVN), Coterra Energy (CTRA), ENI (E), Occidental Petroleum (OXY), EQT (EQT), Marathon Oil (MRO), Ovintiv (OVV), Permian Resources (PR), and Pioneer Natural Resources (PXD). These companies are all part of the "crude petroleum & natural gas" industry.
Diamondback Energy (NASDAQ:FANG) and Cenovus Energy (NYSE:CVE) are both large-cap oils/energy companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, community ranking, media sentiment, earnings, risk, analyst recommendations, profitability, dividends and valuation.
Diamondback Energy received 707 more outperform votes than Cenovus Energy when rated by MarketBeat users. Likewise, 78.17% of users gave Diamondback Energy an outperform vote while only 60.34% of users gave Cenovus Energy an outperform vote.
Diamondback Energy has a net margin of 36.71% compared to Diamondback Energy's net margin of 8.73%. Cenovus Energy's return on equity of 19.36% beat Diamondback Energy's return on equity.
Diamondback Energy pays an annual dividend of $3.60 per share and has a dividend yield of 1.8%. Cenovus Energy pays an annual dividend of $0.39 per share and has a dividend yield of 1.9%. Diamondback Energy pays out 20.3% 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. Diamondback Energy has increased its dividend for 6 consecutive years and Cenovus Energy has increased its dividend for 3 consecutive years.
In the previous week, Diamondback Energy had 23 more articles in the media than Cenovus Energy. MarketBeat recorded 27 mentions for Diamondback Energy and 4 mentions for Cenovus Energy. Diamondback Energy's average media sentiment score of 1.25 beat Cenovus Energy's score of 0.99 indicating that Cenovus Energy is being referred to more favorably in the news media.
Diamondback Energy has a beta of 1.91, suggesting that its share price is 91% more volatile than the S&P 500. Comparatively, Cenovus Energy has a beta of 2.1, suggesting that its share price is 110% more volatile than the S&P 500.
Diamondback Energy has higher earnings, but lower revenue than Cenovus Energy. Diamondback Energy is trading at a lower price-to-earnings ratio than Cenovus Energy, indicating that it is currently the more affordable of the two stocks.
90.0% of Diamondback Energy shares are owned by institutional investors. Comparatively, 51.2% of Cenovus Energy shares are owned by institutional investors. 0.4% of Diamondback Energy shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Diamondback Energy currently has a consensus target price of $205.95, suggesting a potential upside of 4.19%. Cenovus Energy has a consensus target price of $26.67, suggesting a potential upside of 32.01%. Given Diamondback Energy's stronger consensus rating and higher possible upside, analysts clearly believe Cenovus Energy is more favorable than Diamondback Energy.
Summary
Diamondback Energy beats Cenovus Energy on 15 of the 22 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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