OVV vs. CVE, FANG, DVN, CTRA, EQT, MRO, PR, CHK, APA, and AR
Should you be buying Ovintiv stock or one of its competitors? The main competitors of Ovintiv include Cenovus Energy (CVE), Diamondback Energy (FANG), Devon Energy (DVN), Coterra Energy (CTRA), EQT (EQT), Marathon Oil (MRO), Permian Resources (PR), Chesapeake Energy (CHK), APA (APA), and Antero Resources (AR). These companies are all part of the "crude petroleum & natural gas" industry.
Ovintiv (NYSE:OVV) and Cenovus Energy (NYSE:CVE) are both large-cap oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, risk, earnings, dividends, analyst recommendations, community ranking, institutional ownership, profitability and media sentiment.
Cenovus Energy received 495 more outperform votes than Ovintiv when rated by MarketBeat users. Likewise, 60.34% of users gave Cenovus Energy an outperform vote while only 49.82% of users gave Ovintiv an outperform vote.
Cenovus Energy has higher revenue and earnings than Ovintiv. Ovintiv is trading at a lower price-to-earnings ratio than Cenovus Energy, indicating that it is currently the more affordable of the two stocks.
83.8% of Ovintiv shares are owned by institutional investors. Comparatively, 51.2% of Cenovus Energy shares are owned by institutional investors. 1.0% of Ovintiv shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Ovintiv has a net margin of 18.12% compared to Cenovus Energy's net margin of 8.73%. Ovintiv's return on equity of 17.74% beat Cenovus Energy's return on equity.
Ovintiv has a beta of 2.65, suggesting that its share price is 165% more volatile than the S&P 500. Comparatively, Cenovus Energy has a beta of 2.1, suggesting that its share price is 110% more volatile than the S&P 500.
In the previous week, Ovintiv had 15 more articles in the media than Cenovus Energy. MarketBeat recorded 17 mentions for Ovintiv and 2 mentions for Cenovus Energy. Cenovus Energy's average media sentiment score of 1.55 beat Ovintiv's score of 0.69 indicating that Cenovus Energy is being referred to more favorably in the news media.
Ovintiv presently has a consensus target price of $57.56, suggesting a potential upside of 16.97%. Cenovus Energy has a consensus target price of $26.67, suggesting a potential upside of 27.96%. Given Cenovus Energy's stronger consensus rating and higher possible upside, analysts clearly believe Cenovus Energy is more favorable than Ovintiv.
Ovintiv pays an annual dividend of $1.20 per share and has a dividend yield of 2.4%. Cenovus Energy pays an annual dividend of $0.39 per share and has a dividend yield of 1.9%. Ovintiv pays out 16.8% of its earnings in the form of a dividend. Cenovus Energy pays out 21.7% 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.
Summary
Ovintiv beats Cenovus Energy 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 OVV 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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