CNQ vs. EOG, PXD, OXY, E, CVE, FANG, DVN, EC, CTRA, and TTE
Should you be buying Canadian Natural Resources stock or one of its competitors? The main competitors of Canadian Natural Resources include EOG Resources (EOG), Pioneer Natural Resources (PXD), Occidental Petroleum (OXY), ENI (E), Cenovus Energy (CVE), Diamondback Energy (FANG), Devon Energy (DVN), Ecopetrol (EC), Coterra Energy (CTRA), and TotalEnergies (TTE). These companies are all part of the "crude petroleum & natural gas" industry.
Canadian Natural Resources (NYSE:CNQ) and EOG Resources (NYSE:EOG) are both large-cap oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, valuation, dividends, earnings, institutional ownership, analyst recommendations, media sentiment, risk and community ranking.
Canadian Natural Resources presently has a consensus price target of $94.00, suggesting a potential upside of 20.56%. EOG Resources has a consensus price target of $142.19, suggesting a potential upside of 4.78%. Given Canadian Natural Resources' higher possible upside, equities research analysts plainly believe Canadian Natural Resources is more favorable than EOG Resources.
EOG Resources has a net margin of 31.40% compared to Canadian Natural Resources' net margin of 20.15%. EOG Resources' return on equity of 25.38% beat Canadian Natural Resources' return on equity.
Canadian Natural Resources pays an annual dividend of $2.95 per share and has a dividend yield of 3.8%. EOG Resources pays an annual dividend of $3.64 per share and has a dividend yield of 2.7%. Canadian Natural Resources pays out 53.2% of its earnings in the form of a dividend. EOG Resources pays out 28.0% 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.
Canadian Natural Resources has a beta of 1.54, suggesting that its stock price is 54% more volatile than the S&P 500. Comparatively, EOG Resources has a beta of 1.4, suggesting that its stock price is 40% more volatile than the S&P 500.
EOG Resources has lower revenue, but higher earnings than Canadian Natural Resources. EOG Resources 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.
In the previous week, Canadian Natural Resources had 5 more articles in the media than EOG Resources. MarketBeat recorded 22 mentions for Canadian Natural Resources and 17 mentions for EOG Resources. Canadian Natural Resources' average media sentiment score of 0.64 beat EOG Resources' score of 0.62 indicating that Canadian Natural Resources is being referred to more favorably in the media.
EOG Resources received 857 more outperform votes than Canadian Natural Resources when rated by MarketBeat users. Likewise, 72.34% of users gave EOG Resources an outperform vote while only 69.30% of users gave Canadian Natural Resources an outperform vote.
74.0% of Canadian Natural Resources shares are held by institutional investors. Comparatively, 89.9% of EOG Resources shares are held by institutional investors. 5.0% of Canadian Natural Resources shares are held by company insiders. Comparatively, 0.3% of EOG Resources shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Summary
EOG Resources beats Canadian Natural Resources on 13 of the 21 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CNQ 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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