FANG vs. DVN, EQT, MRO, RRC, PXD, EOG, CVE, CTRA, WDS, and E
Should you be buying Diamondback Energy stock or one of its competitors? The main competitors of Diamondback Energy include Devon Energy (DVN), EQT (EQT), Marathon Oil (MRO), Range Resources (RRC), Pioneer Natural Resources (PXD), EOG Resources (EOG), Cenovus Energy (CVE), Coterra Energy (CTRA), Woodside Energy Group (WDS), and ENI (E). These companies are all part of the "crude petroleum & natural gas" industry.
Devon Energy (NYSE:DVN) and Diamondback Energy (NASDAQ:FANG) are both large-cap oils/energy companies, but which is the better business? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, profitability, community ranking, valuation, risk, dividends, media sentiment and earnings.
Diamondback Energy received 6 more outperform votes than Devon Energy when rated by MarketBeat users. Likewise, 78.17% of users gave Diamondback Energy an outperform vote while only 71.50% of users gave Devon Energy an outperform vote.
Devon Energy pays an annual dividend of $0.88 per share and has a dividend yield of 1.8%. Diamondback Energy pays an annual dividend of $3.60 per share and has a dividend yield of 1.9%. Devon Energy pays out 16.8% of its earnings in the form of a dividend. Diamondback Energy pays out 20.3% 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 raised its dividend for 6 consecutive years. Diamondback Energy is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Devon Energy has a beta of 2.15, meaning that its share price is 115% more volatile than the S&P 500. Comparatively, Diamondback Energy has a beta of 1.91, meaning that its share price is 91% more volatile than the S&P 500.
Devon Energy currently has a consensus target price of $58.83, indicating a potential upside of 20.56%. Diamondback Energy has a consensus target price of $205.95, indicating a potential upside of 7.07%. Given Diamondback Energy's stronger consensus rating and higher probable upside, analysts plainly believe Devon Energy is more favorable than Diamondback Energy.
Diamondback Energy has a net margin of 36.71% compared to Diamondback Energy's net margin of 22.27%. Diamondback Energy's return on equity of 29.02% beat Devon Energy's return on equity.
69.7% of Devon Energy shares are held by institutional investors. Comparatively, 90.0% of Diamondback Energy shares are held by institutional investors. 0.6% of Devon Energy shares are held by insiders. Comparatively, 0.4% of Diamondback Energy shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Devon Energy has higher revenue and earnings than Diamondback Energy. Devon Energy is trading at a lower price-to-earnings ratio than Diamondback Energy, indicating that it is currently the more affordable of the two stocks.
In the previous week, Devon Energy had 8 more articles in the media than Diamondback Energy. MarketBeat recorded 22 mentions for Devon Energy and 14 mentions for Diamondback Energy. Devon Energy's average media sentiment score of 1.05 beat Diamondback Energy's score of 0.99 indicating that Diamondback Energy is being referred to more favorably in the news media.
Summary
Diamondback Energy beats Devon Energy on 11 of the 21 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding FANG 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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