ERF vs. OVV, ARX, MEG, SCR, CPG, PSK, WCP, POU, BTE, and PEY
Should you be buying Enerplus stock or one of its competitors? The main competitors of Enerplus include Ovintiv (OVV), ARC Resources (ARX), MEG Energy (MEG), Strathcona Resources (SCR), Crescent Point Energy (CPG), PrairieSky Royalty (PSK), Whitecap Resources (WCP), Paramount Resources (POU), Baytex Energy (BTE), and Peyto Exploration & Development (PEY). These companies are all part of the "oil & gas e&p" industry.
Ovintiv (TSE:OVV) and Enerplus (TSE:ERF) are both energy companies, but which is the superior business? We will contrast the two companies based on the strength of their profitability, institutional ownership, dividends, valuation, media sentiment, analyst recommendations, community ranking, earnings and risk.
Ovintiv has higher revenue and earnings than Enerplus. Ovintiv is trading at a lower price-to-earnings ratio than Enerplus, indicating that it is currently the more affordable of the two stocks.
81.5% of Ovintiv shares are held by institutional investors. Comparatively, 67.9% of Enerplus shares are held by institutional investors. 0.5% of Ovintiv shares are held by insiders. Comparatively, 1.3% of Enerplus shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Ovintiv presently has a consensus price target of C$58.50, indicating a potential downside of 16.90%. Enerplus has a consensus price target of C$24.36, indicating a potential downside of 12.10%. Given Ovintiv's stronger consensus rating and higher possible upside, analysts clearly believe Enerplus is more favorable than Ovintiv.
Ovintiv pays an annual dividend of C$1.64 per share and has a dividend yield of 2.3%. Enerplus pays an annual dividend of C$0.36 per share and has a dividend yield of 1.3%. Ovintiv pays out 16.7% of its earnings in the form of a dividend. Enerplus pays out 14.8% 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.
In the previous week, Ovintiv had 13 more articles in the media than Enerplus. MarketBeat recorded 13 mentions for Ovintiv and 0 mentions for Enerplus. Enerplus' average media sentiment score of 0.61 beat Ovintiv's score of 0.00 indicating that Ovintiv is being referred to more favorably in the media.
Enerplus has a net margin of 26.04% compared to Enerplus' net margin of 18.52%. Ovintiv's return on equity of 32.27% beat Enerplus' return on equity.
Ovintiv has a beta of 2.67, indicating that its share price is 167% more volatile than the S&P 500. Comparatively, Enerplus has a beta of 2.64, indicating that its share price is 164% more volatile than the S&P 500.
Enerplus received 793 more outperform votes than Ovintiv when rated by MarketBeat users. Likewise, 72.53% of users gave Enerplus an outperform vote while only 58.06% of users gave Ovintiv an outperform vote.
Summary
Enerplus beats Ovintiv on 12 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ERF 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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