DVN vs. FANG, EQT, MRO, RRC, SWN, PXD, EOG, CVE, CTRA, and OVV
Should you be buying Devon Energy stock or one of its competitors? The main competitors of Devon Energy include Diamondback Energy (FANG), EQT (EQT), Marathon Oil (MRO), Range Resources (RRC), Southwestern Energy (SWN), Pioneer Natural Resources (PXD), EOG Resources (EOG), Cenovus Energy (CVE), Coterra Energy (CTRA), and Ovintiv (OVV). These companies are all part of the "crude petroleum & natural gas" industry.
Diamondback Energy (NASDAQ:FANG) and Devon Energy (NYSE:DVN) are both large-cap oils/energy companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, community ranking, media sentiment, earnings, risk, analyst recommendations, profitability, dividends and valuation.
Diamondback Energy currently has a consensus target price of $204.37, suggesting a potential upside of 1.42%. Devon Energy has a consensus target price of $58.44, suggesting a potential upside of 15.64%. Given Diamondback Energy's stronger consensus rating and higher possible upside, analysts clearly believe Devon Energy is more favorable than Diamondback Energy.
Devon Energy has higher revenue and earnings than Diamondback Energy. Devon Energy is trading at a lower price-to-earnings ratio than Diamondback Energy, indicating that it is currently the more affordable of the two stocks.
Diamondback Energy pays an annual dividend of $3.60 per share and has a dividend yield of 1.8%. Devon Energy pays an annual dividend of $0.88 per share and has a dividend yield of 1.7%. Diamondback Energy pays out 20.3% of its earnings in the form of a dividend. Devon Energy 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. Diamondback Energy has increased its dividend for 6 consecutive years. Diamondback Energy is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
In the previous week, Diamondback Energy and Diamondback Energy both had 50 articles in the media. Devon Energy's average media sentiment score of 0.87 beat Diamondback Energy's score of 0.82 indicating that Diamondback Energy is being referred to more favorably in the media.
Diamondback Energy has a net margin of 36.71% compared to Diamondback Energy's net margin of 22.27%. Diamondback Energy's return on equity of 29.02% beat Devon Energy's return on equity.
Diamondback Energy has a beta of 1.91, suggesting that its share price is 91% more volatile than the S&P 500. Comparatively, Devon Energy has a beta of 2.16, suggesting that its share price is 116% more volatile than the S&P 500.
90.0% of Diamondback Energy shares are owned by institutional investors. Comparatively, 69.7% of Devon Energy shares are owned by institutional investors. 0.4% of Diamondback Energy shares are owned by company insiders. Comparatively, 0.6% of Devon Energy shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Diamondback Energy received 6 more outperform votes than Devon Energy when rated by MarketBeat users. Likewise, 78.15% of users gave Diamondback Energy an outperform vote while only 71.51% of users gave Devon Energy an outperform vote.
Summary
Diamondback Energy beats Devon 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 DVN 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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