Free Trial

Cenovus Energy (CVE) Competitors

Cenovus Energy logo
$28.25 -1.54 (-5.18%)
Closing price 06/5/2026 03:59 PM Eastern
Extended Trading
$28.71 +0.46 (+1.64%)
As of 06/5/2026 07:54 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

CVE vs. FANG, BTE, CNQ, DVN, and EOG

Should you buy Cenovus Energy stock or one of its competitors? MarketBeat compares Cenovus Energy with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Cenovus Energy include Diamondback Energy (FANG), Baytex Energy (BTE), Canadian Natural Resources (CNQ), Devon Energy (DVN), and EOG Resources (EOG). These companies are all part of the "energy" sector.

How does Cenovus Energy compare to Diamondback Energy?

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

Cenovus Energy has higher revenue and earnings than Diamondback Energy. Cenovus 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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Diamondback Energy$15.11B3.59$1.66B$0.86223.98
Cenovus Energy$35.57B1.49$2.81B$1.8215.52

Cenovus Energy has a net margin of 9.53% compared to Diamondback Energy's net margin of 1.87%. Cenovus Energy's return on equity of 15.29% beat Diamondback Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Diamondback Energy1.87% 7.76% 4.67%
Cenovus Energy 9.53%15.29%7.83%

90.0% of Diamondback Energy shares are owned by institutional investors. Comparatively, 51.2% of Cenovus Energy shares are owned by institutional investors. 0.6% of Diamondback Energy shares are owned by 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 has a beta of 0.42, indicating that its stock price is 58% less volatile than the broader market. Comparatively, Cenovus Energy has a beta of 0.34, indicating that its stock price is 66% less volatile than the broader market.

In the previous week, Diamondback Energy had 52 more articles in the media than Cenovus Energy. MarketBeat recorded 56 mentions for Diamondback Energy and 4 mentions for Cenovus Energy. Cenovus Energy's average media sentiment score of 1.01 beat Diamondback Energy's score of 0.89 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
22 Very Positive mention(s)
2 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Cenovus Energy
3 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Diamondback Energy pays an annual dividend of $4.40 per share and has a dividend yield of 2.3%. Cenovus Energy pays an annual dividend of $0.59 per share and has a dividend yield of 2.1%. Diamondback Energy pays out 511.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Cenovus Energy pays out 32.4% of its earnings in the form of a dividend. Diamondback Energy has raised its dividend for 7 consecutive years and Cenovus Energy has raised its dividend for 4 consecutive years. Diamondback Energy is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Diamondback Energy currently has a consensus price target of $223.26, suggesting a potential upside of 15.91%. Cenovus Energy has a consensus price target of $35.25, suggesting a potential upside of 24.79%. Given Cenovus Energy's stronger consensus rating and higher possible upside, analysts clearly believe Cenovus Energy is more favorable than Diamondback Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Diamondback Energy
0 Sell rating(s)
5 Hold rating(s)
16 Buy rating(s)
4 Strong Buy rating(s)
2.96
Cenovus Energy
0 Sell rating(s)
1 Hold rating(s)
11 Buy rating(s)
2 Strong Buy rating(s)
3.07

Summary

Diamondback Energy and Cenovus Energy tied by winning 10 of the 20 factors compared between the two stocks.

How does Cenovus Energy compare to Baytex Energy?

Baytex Energy (NYSE:BTE) and Cenovus Energy (NYSE:CVE) are both energy companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, institutional ownership, valuation, profitability, risk, analyst recommendations, dividends and media sentiment.

Baytex Energy pays an annual dividend of $0.06 per share and has a dividend yield of 1.3%. Cenovus Energy pays an annual dividend of $0.59 per share and has a dividend yield of 2.1%. Baytex Energy pays out -8.6% of its earnings in the form of a dividend. Cenovus Energy pays out 32.4% 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. Cenovus Energy has raised its dividend for 4 consecutive years. Cenovus Energy is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Cenovus Energy has a net margin of 9.53% compared to Baytex Energy's net margin of -24.25%. Cenovus Energy's return on equity of 15.29% beat Baytex Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Baytex Energy-24.25% -10.85% -6.38%
Cenovus Energy 9.53%15.29%7.83%

Baytex Energy has a beta of 0.37, indicating that its share price is 63% less volatile than the broader market. Comparatively, Cenovus Energy has a beta of 0.34, indicating that its share price is 66% less volatile than the broader market.

Cenovus Energy has a consensus price target of $35.25, indicating a potential upside of 24.79%. Given Cenovus Energy's stronger consensus rating and higher possible upside, analysts plainly believe Cenovus Energy is more favorable than Baytex Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Baytex Energy
1 Sell rating(s)
6 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.36
Cenovus Energy
0 Sell rating(s)
1 Hold rating(s)
11 Buy rating(s)
2 Strong Buy rating(s)
3.07

In the previous week, Cenovus Energy had 3 more articles in the media than Baytex Energy. MarketBeat recorded 4 mentions for Cenovus Energy and 1 mentions for Baytex Energy. Cenovus Energy's average media sentiment score of 1.01 beat Baytex Energy's score of 0.63 indicating that Cenovus Energy is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Baytex Energy
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Cenovus Energy
3 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

46.2% of Baytex Energy shares are held by institutional investors. Comparatively, 51.2% of Cenovus Energy shares are held by institutional investors. 0.8% of Baytex Energy shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Cenovus Energy has higher revenue and earnings than Baytex Energy. Baytex 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
Baytex Energy$1.68B2.05-$432.12M-$0.70N/A
Cenovus Energy$35.57B1.49$2.81B$1.8215.52

Summary

Cenovus Energy beats Baytex Energy on 16 of the 20 factors compared between the two stocks.

How does Cenovus Energy compare to Canadian Natural Resources?

Canadian Natural Resources (NYSE:CNQ) and Cenovus Energy (NYSE:CVE) are both large-cap energy companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, valuation, risk, institutional ownership, profitability, media sentiment and dividends.

Canadian Natural Resources pays an annual dividend of $1.81 per share and has a dividend yield of 4.0%. Cenovus Energy pays an annual dividend of $0.59 per share and has a dividend yield of 2.1%. Canadian Natural Resources pays out 54.0% of its earnings in the form of a dividend. Cenovus Energy pays out 32.4% 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 raised its dividend for 24 consecutive years and Cenovus Energy has raised its dividend for 4 consecutive years. Canadian Natural Resources is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Canadian Natural Resources has higher revenue and earnings than Cenovus Energy. Canadian Natural Resources 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
Canadian Natural Resources$44.17B2.16$7.74B$3.3513.65
Cenovus Energy$35.57B1.49$2.81B$1.8215.52

Canadian Natural Resources has a net margin of 22.04% compared to Cenovus Energy's net margin of 9.53%. Canadian Natural Resources' return on equity of 17.49% beat Cenovus Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Canadian Natural Resources22.04% 17.49% 8.37%
Cenovus Energy 9.53%15.29%7.83%

Canadian Natural Resources has a beta of 0.45, indicating that its stock price is 55% less volatile than the broader market. Comparatively, Cenovus Energy has a beta of 0.34, indicating that its stock price is 66% less volatile than the broader market.

In the previous week, Canadian Natural Resources had 4 more articles in the media than Cenovus Energy. MarketBeat recorded 8 mentions for Canadian Natural Resources and 4 mentions for Cenovus Energy. Canadian Natural Resources' average media sentiment score of 1.59 beat Cenovus Energy's score of 1.01 indicating that Canadian Natural Resources is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Canadian Natural Resources
6 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Cenovus Energy
3 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

74.0% of Canadian Natural Resources shares are held by institutional investors. Comparatively, 51.2% of Cenovus Energy shares are held by institutional investors. 5.0% of Canadian Natural Resources shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Canadian Natural Resources currently has a consensus target price of $57.00, indicating a potential upside of 24.61%. Cenovus Energy has a consensus target price of $35.25, indicating a potential upside of 24.79%. Given Cenovus Energy's stronger consensus rating and higher probable upside, analysts clearly believe Cenovus Energy is more favorable than Canadian Natural Resources.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Canadian Natural Resources
0 Sell rating(s)
4 Hold rating(s)
7 Buy rating(s)
1 Strong Buy rating(s)
2.75
Cenovus Energy
0 Sell rating(s)
1 Hold rating(s)
11 Buy rating(s)
2 Strong Buy rating(s)
3.07

Summary

Canadian Natural Resources beats Cenovus Energy on 14 of the 20 factors compared between the two stocks.

How does Cenovus Energy compare to Devon Energy?

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

Cenovus Energy currently has a consensus price target of $35.25, suggesting a potential upside of 24.79%. Devon Energy has a consensus price target of $57.89, suggesting a potential upside of 30.78%. Given Devon Energy's higher probable upside, analysts plainly believe Devon Energy is more favorable than Cenovus Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cenovus Energy
0 Sell rating(s)
1 Hold rating(s)
11 Buy rating(s)
2 Strong Buy rating(s)
3.07
Devon Energy
0 Sell rating(s)
6 Hold rating(s)
23 Buy rating(s)
2 Strong Buy rating(s)
2.87

51.2% of Cenovus Energy shares are held by institutional investors. Comparatively, 69.7% of Devon Energy shares are held by institutional investors. 4.6% of Devon Energy shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Devon Energy has a net margin of 13.71% compared to Cenovus Energy's net margin of 9.53%. Cenovus Energy's return on equity of 15.29% beat Devon Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Cenovus Energy9.53% 15.29% 7.83%
Devon Energy 13.71%15.22%7.39%

In the previous week, Devon Energy had 33 more articles in the media than Cenovus Energy. MarketBeat recorded 37 mentions for Devon Energy and 4 mentions for Cenovus Energy. Devon Energy's average media sentiment score of 1.20 beat Cenovus Energy's score of 1.01 indicating that Devon Energy is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cenovus Energy
3 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Devon Energy
29 Very Positive mention(s)
4 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Cenovus Energy has a beta of 0.34, suggesting that its share price is 66% less volatile than the broader market. Comparatively, Devon Energy has a beta of 0.37, suggesting that its share price is 63% less volatile than the broader market.

Cenovus Energy pays an annual dividend of $0.59 per share and has a dividend yield of 2.1%. Devon Energy pays an annual dividend of $0.96 per share and has a dividend yield of 2.2%. Cenovus Energy pays out 32.4% of its earnings in the form of a dividend. Devon Energy pays out 26.7% 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. Cenovus Energy has raised its dividend for 4 consecutive years and Devon Energy has raised its dividend for 1 consecutive years. Devon Energy is clearly the better dividend stock, given its higher yield and lower payout ratio.

Cenovus Energy has higher revenue and earnings than Devon Energy. Devon 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
Cenovus Energy$35.57B1.49$2.81B$1.8215.52
Devon Energy$17.19B1.60$2.64B$3.5912.33

Summary

Devon Energy beats Cenovus Energy on 12 of the 19 factors compared between the two stocks.

How does Cenovus Energy compare to EOG Resources?

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

EOG Resources has lower revenue, but higher earnings than Cenovus Energy. EOG Resources 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
Cenovus Energy$35.57B1.49$2.81B$1.8215.52
EOG Resources$22.63B3.24$4.98B$10.1613.55

Cenovus Energy currently has a consensus price target of $35.25, suggesting a potential upside of 24.79%. EOG Resources has a consensus price target of $156.32, suggesting a potential upside of 13.51%. Given Cenovus Energy's stronger consensus rating and higher probable upside, analysts clearly believe Cenovus Energy is more favorable than EOG Resources.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cenovus Energy
0 Sell rating(s)
1 Hold rating(s)
11 Buy rating(s)
2 Strong Buy rating(s)
3.07
EOG Resources
0 Sell rating(s)
16 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.50

In the previous week, EOG Resources had 39 more articles in the media than Cenovus Energy. MarketBeat recorded 43 mentions for EOG Resources and 4 mentions for Cenovus Energy. EOG Resources' average media sentiment score of 1.24 beat Cenovus Energy's score of 1.01 indicating that EOG Resources is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cenovus Energy
3 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
EOG Resources
20 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
1 Very Negative mention(s)
Positive

EOG Resources has a net margin of 23.01% compared to Cenovus Energy's net margin of 9.53%. EOG Resources' return on equity of 19.25% beat Cenovus Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Cenovus Energy9.53% 15.29% 7.83%
EOG Resources 23.01%19.25%11.37%

51.2% of Cenovus Energy shares are owned by institutional investors. Comparatively, 89.9% of EOG Resources shares are owned by institutional investors. 0.1% of EOG Resources shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Cenovus Energy pays an annual dividend of $0.59 per share and has a dividend yield of 2.1%. EOG Resources pays an annual dividend of $4.08 per share and has a dividend yield of 3.0%. Cenovus Energy pays out 32.4% of its earnings in the form of a dividend. EOG Resources pays out 40.2% 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. Cenovus Energy has increased its dividend for 4 consecutive years and EOG Resources has increased its dividend for 8 consecutive years. EOG Resources is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Cenovus Energy has a beta of 0.34, indicating that its share price is 66% less volatile than the broader market. Comparatively, EOG Resources has a beta of 0.25, indicating that its share price is 75% less volatile than the broader market.

Summary

EOG Resources beats Cenovus Energy on 13 of the 20 factors compared between the two stocks.

Get Cenovus Energy News Delivered to You Automatically

Sign up to receive the latest news and ratings for CVE and its competitors with MarketBeat's FREE daily newsletter.

Subscribe Now
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

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.
Skip Chart

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.
Skip Chart

CVE vs. The Competition

MetricCenovus EnergyOIL IndustryEnergy SectorNYSE Exchange
Market Cap$55.70B$49.50B$10.33B$23.35B
Dividend Yield1.97%3.22%10.37%4.08%
P/E Ratio15.5223.4220.2330.26
Price / Sales1.491.45740.1413.22
Price / Cash8.5910.6838.6924.41
Price / Book2.363.564.294.63
Net Income$2.81B$2.38B$4.24B$1.07B
7 Day Performance2.47%1.75%-0.61%-1.66%
1 Month Performance-2.71%-1.64%-1.94%-1.68%
1 Year Performance108.62%66.87%44.62%21.33%

Cenovus Energy Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CVE
Cenovus Energy
4.2919 of 5 stars
$28.25
-5.2%
$35.25
+24.8%
+114.2%$55.70B$35.57B15.527,211
FANG
Diamondback Energy
3.6839 of 5 stars
$199.03
+3.9%
$223.26
+12.2%
+40.1%$53.87B$15.03B231.431,762
BTE
Baytex Energy
3.2003 of 5 stars
$4.96
+1.3%
N/A+179.5%$3.54B$2.56BN/A231
CNQ
Canadian Natural Resources
4.8503 of 5 stars
$45.96
+1.3%
$57.00
+24.0%
+47.7%$94.43B$31.61B13.7210,750
DVN
Devon Energy
4.8954 of 5 stars
$46.28
+4.0%
$57.96
+25.2%
+41.1%$27.65B$17.19B12.892,200

Related Companies and Tools


This page (NYSE:CVE) was last updated on 6/6/2026 by MarketBeat.com Staff.
From Our Partners