CRC vs. OVV, PR, CHK, APA, AR, RRC, SWN, HESM, MTDR, and CHRD
Should you be buying California Resources stock or one of its competitors? The main competitors of California Resources include Ovintiv (OVV), Permian Resources (PR), Chesapeake Energy (CHK), APA (APA), Antero Resources (AR), Range Resources (RRC), Southwestern Energy (SWN), Hess Midstream (HESM), Matador Resources (MTDR), and Chord Energy (CHRD). These companies are all part of the "crude petroleum & natural gas" industry.
California Resources (NYSE:CRC) and Ovintiv (NYSE:OVV) are both oils/energy companies, but which is the superior stock? We will compare the two businesses based on the strength of their analyst recommendations, institutional ownership, dividends, risk, valuation, profitability, earnings, media sentiment and community ranking.
California Resources has a beta of 1.03, indicating that its share price is 3% more volatile than the S&P 500. Comparatively, Ovintiv has a beta of 2.65, indicating that its share price is 165% more volatile than the S&P 500.
In the previous week, Ovintiv had 9 more articles in the media than California Resources. MarketBeat recorded 16 mentions for Ovintiv and 7 mentions for California Resources. California Resources' average media sentiment score of 1.03 beat Ovintiv's score of 0.64 indicating that California Resources is being referred to more favorably in the media.
Ovintiv has higher revenue and earnings than California Resources. Ovintiv is trading at a lower price-to-earnings ratio than California Resources, indicating that it is currently the more affordable of the two stocks.
Ovintiv has a net margin of 18.12% compared to California Resources' net margin of 11.34%. Ovintiv's return on equity of 17.74% beat California Resources' return on equity.
California Resources presently has a consensus price target of $63.71, suggesting a potential upside of 33.03%. Ovintiv has a consensus price target of $57.56, suggesting a potential upside of 17.00%. Given California Resources' stronger consensus rating and higher possible upside, research analysts clearly believe California Resources is more favorable than Ovintiv.
California Resources pays an annual dividend of $1.24 per share and has a dividend yield of 2.6%. Ovintiv pays an annual dividend of $1.20 per share and has a dividend yield of 2.4%. California Resources pays out 35.5% 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.
97.8% of California Resources shares are held by institutional investors. Comparatively, 83.8% of Ovintiv shares are held by institutional investors. 0.6% of California Resources shares are held by company insiders. Comparatively, 1.0% of Ovintiv shares are held 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.
California Resources received 224 more outperform votes than Ovintiv when rated by MarketBeat users. Likewise, 61.04% of users gave California Resources an outperform vote while only 49.82% of users gave Ovintiv an outperform vote.
Summary
Ovintiv beats California Resources 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 CRC 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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