CVE vs. IMO, SU, TRP, CCO, PPL, TOU, OVV, ARX, ENB, and CNQ
Should you be buying Cenovus Energy stock or one of its competitors? The main competitors of Cenovus Energy include Imperial Oil (IMO), Suncor Energy (SU), TC Energy (TRP), Cameco (CCO), Pembina Pipeline (PPL), Tourmaline Oil (TOU), Ovintiv (OVV), ARC Resources (ARX), Enbridge (ENB), and Canadian Natural Resources (CNQ). These companies are all part of the "energy" sector.
Cenovus Energy (TSE:CVE) and Imperial Oil (TSE:IMO) are both large-cap energy companies, but which is the superior investment? We will compare the two companies based on the strength of their community ranking, risk, institutional ownership, dividends, analyst recommendations, valuation, media sentiment, profitability and earnings.
Cenovus Energy pays an annual dividend of C$0.74 per share and has a dividend yield of 2.7%. Imperial Oil pays an annual dividend of C$2.40 per share and has a dividend yield of 2.5%. Cenovus Energy pays out 30.6% of its earnings in the form of a dividend. Imperial Oil pays out 27.9% 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.
Imperial Oil has lower revenue, but higher earnings than Cenovus Energy. Imperial Oil is trading at a lower price-to-earnings ratio than Cenovus Energy, indicating that it is currently the more affordable of the two stocks.
55.4% of Cenovus Energy shares are owned by institutional investors. Comparatively, 26.8% of Imperial Oil shares are owned by institutional investors. 31.5% of Cenovus Energy shares are owned by company insiders. Comparatively, 69.6% of Imperial Oil shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Cenovus Energy currently has a consensus target price of C$33.54, indicating a potential upside of 21.88%. Imperial Oil has a consensus target price of C$96.31, indicating a potential upside of 1.12%. Given Cenovus Energy's stronger consensus rating and higher probable upside, analysts plainly believe Cenovus Energy is more favorable than Imperial Oil.
Cenovus Energy has a beta of 2.77, suggesting that its share price is 177% more volatile than the S&P 500. Comparatively, Imperial Oil has a beta of 1.83, suggesting that its share price is 83% more volatile than the S&P 500.
In the previous week, Imperial Oil had 1 more articles in the media than Cenovus Energy. MarketBeat recorded 2 mentions for Imperial Oil and 1 mentions for Cenovus Energy. Imperial Oil's average media sentiment score of 0.95 beat Cenovus Energy's score of 0.55 indicating that Imperial Oil is being referred to more favorably in the news media.
Cenovus Energy received 415 more outperform votes than Imperial Oil when rated by MarketBeat users. Likewise, 58.91% of users gave Cenovus Energy an outperform vote while only 35.63% of users gave Imperial Oil an outperform vote.
Imperial Oil has a net margin of 9.50% compared to Cenovus Energy's net margin of 8.72%. Imperial Oil's return on equity of 20.78% beat Cenovus Energy's return on equity.
Summary
Cenovus Energy and Imperial Oil 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 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 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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