CVE vs. CNQ, EOG, PXD, OXY, E, FANG, DVN, EC, CTRA, and EQT
Should you be buying Cenovus Energy stock or one of its competitors? The main competitors of Cenovus Energy include Canadian Natural Resources (CNQ), EOG Resources (EOG), Pioneer Natural Resources (PXD), Occidental Petroleum (OXY), ENI (E), Diamondback Energy (FANG), Devon Energy (DVN), Ecopetrol (EC), Coterra Energy (CTRA), and EQT (EQT). These companies are all part of the "crude petroleum & natural gas" industry.
Cenovus Energy (NYSE:CVE) and Canadian Natural Resources (NYSE:CNQ) are both large-cap oils/energy companies, but which is the superior investment? We will contrast the two companies based on the strength of their community ranking, analyst recommendations, profitability, risk, institutional ownership, dividends, media sentiment, valuation and earnings.
Cenovus Energy received 31 more outperform votes than Canadian Natural Resources when rated by MarketBeat users. However, 69.22% of users gave Canadian Natural Resources an outperform vote while only 60.28% of users gave Cenovus Energy an outperform vote.
Cenovus Energy has a beta of 2.06, meaning that its share price is 106% more volatile than the S&P 500. Comparatively, Canadian Natural Resources has a beta of 1.5, meaning that its share price is 50% more volatile than the S&P 500.
Canadian Natural Resources has lower revenue, but higher earnings than Cenovus Energy. Cenovus Energy is trading at a lower price-to-earnings ratio than Canadian Natural Resources, indicating that it is currently the more affordable of the two stocks.
Cenovus Energy pays an annual dividend of $0.39 per share and has a dividend yield of 2.1%. Canadian Natural Resources pays an annual dividend of $3.09 per share and has a dividend yield of 4.4%. Cenovus Energy pays out 21.7% of its earnings in the form of a dividend. Canadian Natural Resources pays out 61.6% 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.
51.2% of Cenovus Energy shares are owned by institutional investors. Comparatively, 74.0% of Canadian Natural Resources shares are owned by institutional investors. 5.0% of Canadian Natural Resources shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
In the previous week, Cenovus Energy had 9 more articles in the media than Canadian Natural Resources. MarketBeat recorded 10 mentions for Cenovus Energy and 1 mentions for Canadian Natural Resources. Cenovus Energy's average media sentiment score of 1.33 beat Canadian Natural Resources' score of 0.99 indicating that Cenovus Energy is being referred to more favorably in the media.
Cenovus Energy presently has a consensus target price of $29.00, indicating a potential upside of 53.36%. Canadian Natural Resources has a consensus target price of $94.00, indicating a potential upside of 33.62%. Given Cenovus Energy's stronger consensus rating and higher possible upside, analysts clearly believe Cenovus Energy is more favorable than Canadian Natural Resources.
Canadian Natural Resources has a net margin of 18.21% compared to Cenovus Energy's net margin of 8.73%. Canadian Natural Resources' return on equity of 20.58% beat Cenovus Energy's return on equity.
Summary
Canadian Natural Resources beats Cenovus Energy on 11 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 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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