PR vs. OVV, MRO, CHK, AR, EQT, APA, RRC, SWN, MTDR, and HESM
Should you be buying Permian Resources stock or one of its competitors? The main competitors of Permian Resources include Ovintiv (OVV), Marathon Oil (MRO), Chesapeake Energy (CHK), Antero Resources (AR), EQT (EQT), APA (APA), Range Resources (RRC), Southwestern Energy (SWN), Matador Resources (MTDR), and Hess Midstream (HESM). These companies are all part of the "crude petroleum & natural gas" industry.
Permian Resources (NASDAQ:PR) and Ovintiv (NYSE:OVV) are both large-cap oils/energy companies, but which is the better business? We will compare the two businesses based on the strength of their valuation, community ranking, risk, earnings, profitability, media sentiment, institutional ownership, dividends and analyst recommendations.
Ovintiv has higher revenue and earnings than Permian Resources. Ovintiv 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 currently has a consensus target price of $19.38, suggesting a potential upside of 18.27%. Ovintiv has a consensus target price of $57.12, suggesting a potential upside of 14.72%. Given Permian Resources' stronger consensus rating and higher possible upside, research analysts clearly believe Permian Resources is more favorable than Ovintiv.
Permian Resources pays an annual dividend of $0.20 per share and has a dividend yield of 1.2%. Ovintiv pays an annual dividend of $1.20 per share and has a dividend yield of 2.4%. Permian Resources pays out 18.2% of its earnings in the form of a dividend. Ovintiv pays out 16.8% 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 is clearly the better dividend stock, given its higher yield and lower payout ratio.
Ovintiv has a net margin of 18.12% compared to Permian Resources' net margin of 13.90%. Ovintiv's return on equity of 17.74% beat Permian Resources' return on equity.
In the previous week, Permian Resources had 2 more articles in the media than Ovintiv. MarketBeat recorded 26 mentions for Permian Resources and 24 mentions for Ovintiv. Permian Resources' average media sentiment score of 0.86 beat Ovintiv's score of 0.46 indicating that Permian Resources is being referred to more favorably in the media.
Ovintiv received 103 more outperform votes than Permian Resources when rated by MarketBeat users. However, 53.52% of users gave Permian Resources an outperform vote while only 49.82% of users gave Ovintiv an outperform vote.
91.8% of Permian Resources shares are owned by institutional investors. Comparatively, 83.8% of Ovintiv shares are owned by institutional investors. 12.8% of Permian Resources shares are owned by company insiders. Comparatively, 1.7% of Ovintiv shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Permian Resources has a beta of 4.32, meaning that its share price is 332% more volatile than the S&P 500. Comparatively, Ovintiv has a beta of 2.64, meaning that its share price is 164% more volatile than the S&P 500.
Summary
Permian Resources beats Ovintiv 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 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.
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