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NVDA   824.90 (-2.58%)
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NIO   3.87 (-3.25%)
BABA   68.87 (-0.01%)
T   16.31 (-0.12%)
F   12.14 (+0.66%)
MU   108.74 (-2.85%)
GE   151.21 (-1.13%)
CGC   7.85 (+0.26%)
DIS   111.89 (-0.48%)
AMC   3.12 (+6.85%)
PFE   25.69 (+1.18%)
PYPL   62.09 (-0.02%)
XOM   120.55 (+1.71%)
QQQ   419.50 (-0.92%)
AAPL   165.35 (-1.01%)
MSFT   402.38 (-0.47%)
META   489.14 (-2.52%)
GOOGL   154.97 (-0.67%)
AMZN   176.30 (-1.63%)
TSLA   150.47 (+0.36%)
NVDA   824.90 (-2.58%)
AMD   150.72 (-2.81%)
NIO   3.87 (-3.25%)
BABA   68.87 (-0.01%)
T   16.31 (-0.12%)
F   12.14 (+0.66%)
MU   108.74 (-2.85%)
GE   151.21 (-1.13%)
CGC   7.85 (+0.26%)
DIS   111.89 (-0.48%)
AMC   3.12 (+6.85%)
PFE   25.69 (+1.18%)
PYPL   62.09 (-0.02%)
XOM   120.55 (+1.71%)
QQQ   419.50 (-0.92%)
AAPL   165.35 (-1.01%)
MSFT   402.38 (-0.47%)
META   489.14 (-2.52%)
GOOGL   154.97 (-0.67%)
AMZN   176.30 (-1.63%)
TSLA   150.47 (+0.36%)
NVDA   824.90 (-2.58%)
AMD   150.72 (-2.81%)
NIO   3.87 (-3.25%)
BABA   68.87 (-0.01%)
T   16.31 (-0.12%)
F   12.14 (+0.66%)
MU   108.74 (-2.85%)
GE   151.21 (-1.13%)
CGC   7.85 (+0.26%)
DIS   111.89 (-0.48%)
AMC   3.12 (+6.85%)
PFE   25.69 (+1.18%)
PYPL   62.09 (-0.02%)
XOM   120.55 (+1.71%)

Cenovus Energy (CVE) Competitors

$21.09
+0.43 (+2.08%)
(As of 11:10 AM ET)

CVE vs. FANG, DVN, EC, CTRA, E, OXY, PXD, MRO, EQT, and OVV

Should you be buying Cenovus Energy stock or one of its competitors? The main competitors of Cenovus Energy include Diamondback Energy (FANG), Devon Energy (DVN), Ecopetrol (EC), Coterra Energy (CTRA), ENI (E), Occidental Petroleum (OXY), Pioneer Natural Resources (PXD), Marathon Oil (MRO), EQT (EQT), and Ovintiv (OVV). These companies are all part of the "crude petroleum & natural gas" industry.

Cenovus Energy vs.

Diamondback Energy (NASDAQ:FANG) and Cenovus Energy (NYSE:CVE) are both large-cap oils/energy companies, but which is the better investment? We will compare the two businesses based on the strength of their institutional ownership, community ranking, analyst recommendations, dividends, profitability, media sentiment, risk, earnings and valuation.

Diamondback Energy received 699 more outperform votes than Cenovus Energy when rated by MarketBeat users. Likewise, 78.06% of users gave Diamondback Energy an outperform vote while only 60.30% of users gave Cenovus Energy an outperform vote.

CompanyUnderperformOutperform
Diamondback EnergyOutperform Votes
1334
78.06%
Underperform Votes
375
21.94%
Cenovus EnergyOutperform Votes
635
60.30%
Underperform Votes
418
39.70%

In the previous week, Diamondback Energy had 20 more articles in the media than Cenovus Energy. MarketBeat recorded 26 mentions for Diamondback Energy and 6 mentions for Cenovus Energy. Diamondback Energy's average media sentiment score of 1.13 beat Cenovus Energy's score of 0.85 indicating that Cenovus Energy is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Diamondback Energy
15 Very Positive mention(s)
5 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Cenovus Energy
4 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Diamondback Energy pays an annual dividend of $3.60 per share and has a dividend yield of 1.8%. Cenovus Energy pays an annual dividend of $0.41 per share and has a dividend yield of 1.9%. Diamondback Energy pays out 20.8% of its earnings in the form of a dividend. Cenovus Energy pays out 25.9% 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 and Cenovus Energy has increased its dividend for 1 consecutive years.

Diamondback Energy currently has a consensus price target of $195.95, suggesting a potential downside of 3.36%. Cenovus Energy has a consensus price target of $26.67, suggesting a potential upside of 28.70%. Given Diamondback Energy's stronger consensus rating and higher possible upside, analysts plainly believe Cenovus Energy is more favorable than Diamondback Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Diamondback Energy
1 Sell rating(s)
4 Hold rating(s)
14 Buy rating(s)
1 Strong Buy rating(s)
2.75
Cenovus Energy
0 Sell rating(s)
0 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
3.00

Diamondback Energy has a beta of 1.93, meaning that its stock price is 93% more volatile than the S&P 500. Comparatively, Cenovus Energy has a beta of 2.15, meaning that its stock price is 115% more volatile than the S&P 500.

90.0% of Diamondback Energy shares are held by institutional investors. Comparatively, 51.2% of Cenovus Energy shares are held by institutional investors. 0.4% of Diamondback Energy shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Diamondback Energy has a net margin of 37.36% compared to Diamondback Energy's net margin of 7.88%. Cenovus Energy's return on equity of 19.56% beat Diamondback Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Diamondback Energy37.36% 19.56% 11.63%
Cenovus Energy 7.88%14.85%7.61%

Diamondback Energy has higher earnings, but lower revenue than Cenovus Energy. Diamondback Energy is trading at a lower price-to-earnings ratio than Cenovus Energy, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Diamondback Energy$8.41B4.30$3.14B$17.3411.69
Cenovus Energy$38.67B1.02$3.04B$1.5813.35

Summary

Diamondback Energy beats Cenovus Energy on 15 of the 22 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding CVE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

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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CVE vs. The Competition

MetricCenovus EnergyCrude petroleum & natural gas IndustryEnergy SectorNYSE Exchange
Market Cap$39.34B$9.10B$7.85B$17.25B
Dividend Yield1.99%17.07%11.46%3.62%
P/E Ratio13.357.5717.7821.58
Price / Sales1.025.2294.7110.18
Price / Cash5.986.6711.6317.09
Price / Book1.891.983.474.86
Net Income$3.04B$1.33B$985.50M$969.88M
7 Day Performance0.67%-2.45%-2.50%-1.70%
1 Month Performance10.62%5.54%2.77%-2.47%
1 Year Performance18.68%10.73%2.55%78.20%

Cenovus Energy Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FANG
Diamondback Energy
4.5262 of 5 stars
$205.53
-0.5%
$191.32
-6.9%
+38.0%$36.65B$8.34B11.851,023Short Interest ↓
DVN
Devon Energy
4.7619 of 5 stars
$54.14
+1.3%
$56.19
+3.8%
-6.9%$34.38B$15.26B9.291,900Positive News
EC
Ecopetrol
1.4973 of 5 stars
$12.11
+0.6%
$11.00
-9.1%
-0.5%$24.89B$143.08T5.2018,903Analyst Report
CTRA
Coterra Energy
4.3328 of 5 stars
$27.90
-0.4%
$31.46
+12.8%
+5.6%$20.98B$5.91B13.04894Analyst Report
Analyst Revision
E
ENI
1.6757 of 5 stars
$33.65
+0.1%
N/A+5.0%$60.09B$102.67B11.1432,188Upcoming Earnings
Dividend Announcement
OXY
Occidental Petroleum
3.7605 of 5 stars
$68.55
-0.3%
$70.31
+2.6%
+4.8%$60.93B$28.26B17.5312,570Analyst Revision
PXD
Pioneer Natural Resources
3.9358 of 5 stars
$272.28
+0.7%
$256.90
-5.6%
+17.3%$63.61B$19.36B13.452,213Positive News
MRO
Marathon Oil
4.3473 of 5 stars
$29.29
-0.7%
$31.74
+8.3%
+10.7%$16.85B$6.41B11.441,681Analyst Revision
EQT
EQT
4.1946 of 5 stars
$37.94
+3.0%
$43.29
+14.1%
+8.7%$16.23B$5.07B8.93881Upcoming Earnings
Dividend Announcement
Analyst Report
OVV
Ovintiv
4.4523 of 5 stars
$55.56
+0.4%
$54.00
-2.8%
+35.3%$14.94B$10.88B7.041,743

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This page (NYSE:CVE) was last updated on 4/19/2024 by MarketBeat.com Staff

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