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Cenovus Energy (CVE) Competitors

Cenovus Energy logo
$28.00 +0.27 (+0.99%)
As of 10:06 AM Eastern
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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 investment? We will contrast the two companies based on the strength of their profitability, dividends, institutional ownership, valuation, earnings, risk, analyst recommendations 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$15.03B3.52$1.66B$0.86218.92
Cenovus Energy$58.03B0.89$2.81B$2.6010.77

Cenovus Energy has a net margin of 12.37% compared to Diamondback Energy's net margin of 8.58%. Cenovus Energy's return on equity of 21.08% beat Diamondback Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Diamondback Energy8.58% 10.10% 6.16%
Cenovus Energy 12.37%21.08%10.80%

90.0% of Diamondback Energy shares are held by institutional investors. Comparatively, 51.2% of Cenovus Energy shares are held by institutional investors. 0.6% of Diamondback Energy shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Diamondback Energy has a beta of 0.43, indicating that its share price is 57% 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.

In the previous week, Diamondback Energy had 30 more articles in the media than Cenovus Energy. MarketBeat recorded 42 mentions for Diamondback Energy and 12 mentions for Cenovus Energy. Cenovus Energy's average media sentiment score of 1.19 beat Diamondback Energy's score of 1.05 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)
9 Positive mention(s)
4 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive
Cenovus Energy
8 Very Positive mention(s)
3 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 $0.61 per share and has a dividend yield of 2.2%. 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 23.5% of its earnings in the form of a dividend. Diamondback Energy has increased its dividend for 7 consecutive years and Cenovus Energy has increased 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 presently has a consensus price target of $220.75, suggesting a potential upside of 17.25%. Cenovus Energy has a consensus price target of $36.25, suggesting a potential upside of 29.45%. Given Cenovus Energy's higher probable 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
0 Sell rating(s)
4 Hold rating(s)
18 Buy rating(s)
4 Strong Buy rating(s)
3.00
Cenovus Energy
0 Sell rating(s)
3 Hold rating(s)
11 Buy rating(s)
1 Strong Buy rating(s)
2.87

Summary

Diamondback Energy beats Cenovus Energy on 11 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 superior stock? We will contrast the two companies based on the strength of their analyst recommendations, risk, dividends, media sentiment, profitability, valuation, earnings and institutional ownership.

Cenovus Energy has a consensus price target of $36.25, suggesting a potential upside of 29.45%. 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
2 Sell rating(s)
5 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.27
Cenovus Energy
0 Sell rating(s)
3 Hold rating(s)
11 Buy rating(s)
1 Strong Buy rating(s)
2.87

Cenovus Energy has a net margin of 12.37% compared to Baytex Energy's net margin of -26.43%. Cenovus Energy's return on equity of 21.08% beat Baytex Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Baytex Energy-26.43% -7.77% -4.86%
Cenovus Energy 12.37%21.08%10.80%

Baytex Energy pays an annual dividend of $0.06 per share and has a dividend yield of 1.4%. Cenovus Energy pays an annual dividend of $0.61 per share and has a dividend yield of 2.2%. Baytex Energy pays out -9.0% of its earnings in the form of a dividend. Cenovus Energy pays out 23.5% 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.

Baytex Energy has a beta of 0.39, indicating that its stock price is 61% 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.

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 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.

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$1.91B1.54-$432.12M-$0.67N/A
Cenovus Energy$58.03B0.89$2.81B$2.6010.77

In the previous week, Baytex Energy and Baytex Energy both had 12 articles in the media. Cenovus Energy's average media sentiment score of 1.19 beat Baytex Energy's score of 1.15 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
6 Very Positive mention(s)
3 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Cenovus Energy
8 Very Positive mention(s)
3 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Cenovus Energy beats Baytex Energy on 14 of the 18 factors compared between the two stocks.

How does Cenovus Energy compare to Canadian Natural Resources?

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

Canadian Natural Resources has lower revenue, but higher earnings than Cenovus Energy. Cenovus Energy 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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cenovus Energy$58.03B0.89$2.81B$2.6010.77
Canadian Natural Resources$31.61B2.98$7.74B$3.3513.61

Cenovus Energy has a beta of 0.34, suggesting that its share price is 66% less volatile than the broader market. Comparatively, Canadian Natural Resources has a beta of 0.46, suggesting that its share price is 54% less volatile than the broader market.

51.2% of Cenovus Energy shares are owned by institutional investors. Comparatively, 74.0% of Canadian Natural Resources shares are owned by institutional investors. 5.0% of Canadian Natural Resources shares are owned by company 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.

Canadian Natural Resources has a net margin of 22.04% compared to Cenovus Energy's net margin of 12.37%. Cenovus Energy's return on equity of 21.08% beat Canadian Natural Resources' return on equity.

Company Net Margins Return on Equity Return on Assets
Cenovus Energy12.37% 21.08% 10.80%
Canadian Natural Resources 22.04%17.49%8.37%

Cenovus Energy presently has a consensus target price of $36.25, suggesting a potential upside of 29.45%. Canadian Natural Resources has a consensus target price of $57.00, suggesting a potential upside of 25.02%. Given Cenovus Energy's stronger consensus rating and higher possible upside, equities analysts clearly believe Cenovus Energy is more favorable than Canadian Natural Resources.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cenovus Energy
0 Sell rating(s)
3 Hold rating(s)
11 Buy rating(s)
1 Strong Buy rating(s)
2.87
Canadian Natural Resources
0 Sell rating(s)
4 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.73

In the previous week, Cenovus Energy had 6 more articles in the media than Canadian Natural Resources. MarketBeat recorded 12 mentions for Cenovus Energy and 6 mentions for Canadian Natural Resources. Canadian Natural Resources' average media sentiment score of 1.36 beat Cenovus Energy's score of 1.19 indicating that Canadian Natural Resources is being referred to more favorably in the news media.

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

Cenovus Energy pays an annual dividend of $0.61 per share and has a dividend yield of 2.2%. Canadian Natural Resources pays an annual dividend of $1.81 per share and has a dividend yield of 4.0%. Cenovus Energy pays out 23.5% of its earnings in the form of a dividend. Canadian Natural Resources pays out 54.0% 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. Cenovus Energy has increased its dividend for 4 consecutive years and Canadian Natural Resources has increased its dividend for 24 consecutive years. Canadian Natural Resources is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Summary

Canadian Natural Resources beats Cenovus Energy on 11 of the 19 factors compared between the two stocks.

How does Cenovus Energy compare to Devon Energy?

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

Devon Energy has a net margin of 16.67% compared to Cenovus Energy's net margin of 12.37%. Devon Energy's return on equity of 21.29% beat Cenovus Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Devon Energy16.67% 21.29% 10.34%
Cenovus Energy 12.37%21.08%10.80%

In the previous week, Devon Energy had 28 more articles in the media than Cenovus Energy. MarketBeat recorded 40 mentions for Devon Energy and 12 mentions for Cenovus Energy. Devon Energy's average media sentiment score of 1.39 beat Cenovus Energy's score of 1.19 indicating that Devon Energy is being referred to more favorably in the media.

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

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
Devon Energy$16.54B1.61$2.64B$4.2110.20
Cenovus Energy$58.03B0.89$2.81B$2.6010.77

69.7% of Devon Energy shares are held by institutional investors. Comparatively, 51.2% of Cenovus Energy shares are held by institutional investors. 4.6% of Devon Energy shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Devon Energy has a beta of 0.38, meaning that its stock price is 62% less volatile than the broader market. Comparatively, Cenovus Energy has a beta of 0.34, meaning that its stock price is 66% less volatile than the broader market.

Devon Energy presently has a consensus target price of $59.56, indicating a potential upside of 38.67%. Cenovus Energy has a consensus target price of $36.25, indicating a potential upside of 29.45%. Given Devon Energy's stronger consensus rating and higher probable upside, research analysts plainly believe Devon Energy is more favorable than Cenovus Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Devon Energy
0 Sell rating(s)
5 Hold rating(s)
23 Buy rating(s)
2 Strong Buy rating(s)
2.90
Cenovus Energy
0 Sell rating(s)
3 Hold rating(s)
11 Buy rating(s)
1 Strong Buy rating(s)
2.87

Devon Energy pays an annual dividend of $1.28 per share and has a dividend yield of 3.0%. Cenovus Energy pays an annual dividend of $0.61 per share and has a dividend yield of 2.2%. Devon Energy pays out 30.4% of its earnings in the form of a dividend. Cenovus Energy pays out 23.5% 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. Devon Energy has raised its dividend for 1 consecutive years and Cenovus Energy has raised its dividend for 4 consecutive years.

Summary

Devon Energy beats Cenovus Energy on 14 of the 20 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 superior stock? We will contrast the two businesses based on the strength of their media sentiment, dividends, institutional ownership, profitability, risk, earnings, analyst recommendations and valuation.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cenovus Energy$58.03B0.89$2.81B$2.6010.77
EOG Resources$22.63B3.20$4.98B$10.1613.39

In the previous week, EOG Resources had 24 more articles in the media than Cenovus Energy. MarketBeat recorded 36 mentions for EOG Resources and 12 mentions for Cenovus Energy. Cenovus Energy's average media sentiment score of 1.19 beat EOG Resources' score of 1.07 indicating that Cenovus Energy is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cenovus Energy
8 Very Positive mention(s)
3 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
EOG Resources
22 Very Positive mention(s)
2 Positive mention(s)
6 Neutral mention(s)
4 Negative mention(s)
0 Very Negative mention(s)
Positive

Cenovus Energy currently has a consensus target price of $36.25, indicating a potential upside of 29.45%. EOG Resources has a consensus target price of $155.64, indicating a potential upside of 14.44%. Given Cenovus Energy's stronger consensus rating and higher probable upside, research analysts plainly 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)
3 Hold rating(s)
11 Buy rating(s)
1 Strong Buy rating(s)
2.87
EOG Resources
0 Sell rating(s)
16 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.50

EOG Resources has a net margin of 25.44% compared to Cenovus Energy's net margin of 12.37%. EOG Resources' return on equity of 23.74% beat Cenovus Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Cenovus Energy12.37% 21.08% 10.80%
EOG Resources 25.44%23.74%13.73%

Cenovus Energy pays an annual dividend of $0.61 per share and has a dividend yield of 2.2%. EOG Resources pays an annual dividend of $4.08 per share and has a dividend yield of 3.0%. Cenovus Energy pays out 23.5% 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 raised its dividend for 4 consecutive years and EOG Resources has raised 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 stock price is 66% less volatile than the broader market. Comparatively, EOG Resources has a beta of 0.25, indicating that its stock price is 75% less volatile than the broader market.

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 endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Summary

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

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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 EnergyOil, Gas & Consumable Fuels IndustryEnergy SectorNYSE Exchange
Market Cap$51.63B$10.73B$9.39B$24.13B
Dividend Yield2.16%11.38%11.62%3.70%
P/E Ratio10.7416.5417.0531.98
Price / Sales0.89452.64371.3874.18
Price / Cash8.2939.5636.1032.38
Price / Book2.104.293.896.88
Net Income$2.81B$5.28B$4.35B$1.07B
7 Day Performance-7.70%-0.20%0.21%2.04%
1 Month Performance15.15%3.85%3.59%1.61%
1 Year Performance88.85%32.18%34.19%19.63%

Cenovus Energy Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CVE
Cenovus Energy
4.4132 of 5 stars
$28.00
+1.0%
$36.25
+29.4%
+83.5%$51.63B$58.03B10.747,211
FANG
Diamondback Energy
4.4373 of 5 stars
$201.82
+1.0%
$218.63
+8.3%
+27.8%$56.77B$15.03B234.651,762
BTE
Baytex Energy
2.7818 of 5 stars
$4.56
+6.9%
N/A+92.0%$3.24B$1.68BN/A231
CNQ
Canadian Natural Resources
4.8399 of 5 stars
$47.66
+0.8%
$57.00
+19.6%
+42.6%$98.98B$44.17B14.2310,750
DVN
Devon Energy
4.8108 of 5 stars
$44.57
+0.9%
$59.56
+33.6%
+30.2%$27.71B$16.54B12.422,200

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This page (NYSE:CVE) was last updated on 8/6/2026 by MarketBeat.com Staff.
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