OVV vs. CVE, FANG, DVN, CTRA, EQT, MRO, CHK, PR, 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), Chesapeake Energy (CHK), Permian Resources (PR), 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 superior investment? We will contrast the two companies based on the strength of their profitability, dividends, institutional ownership, earnings, analyst recommendations, risk, valuation, community ranking and media sentiment.
Ovintiv currently has a consensus price target of $57.56, suggesting a potential upside of 20.85%. Cenovus Energy has a consensus price target of $29.00, suggesting a potential upside of 53.32%. Given Cenovus Energy's stronger consensus rating and higher probable upside, analysts clearly believe Cenovus Energy is more favorable than Ovintiv.
In the previous week, Ovintiv had 13 more articles in the media than Cenovus Energy. MarketBeat recorded 23 mentions for Ovintiv and 10 mentions for Cenovus Energy. Cenovus Energy's average media sentiment score of 1.33 beat Ovintiv's score of 0.84 indicating that Cenovus Energy is being referred to more favorably in the news media.
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.
Ovintiv pays an annual dividend of $1.20 per share and has a dividend yield of 2.5%. Cenovus Energy pays an annual dividend of $0.39 per share and has a dividend yield of 2.1%. 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.
Ovintiv has a beta of 2.58, suggesting that its stock price is 158% more volatile than the S&P 500. Comparatively, Cenovus Energy has a beta of 2.06, suggesting that its stock price is 106% more volatile than the S&P 500.
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.
83.8% of Ovintiv shares are held by institutional investors. Comparatively, 51.2% of Cenovus Energy shares are held by institutional investors. 1.7% of Ovintiv shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Cenovus Energy received 495 more outperform votes than Ovintiv when rated by MarketBeat users. Likewise, 60.28% of users gave Cenovus Energy an outperform vote while only 49.82% of users gave Ovintiv an outperform vote.
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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