CNQ vs. OVV, POU, IPCO, SSL, AAV, OBE, HME, HAL, COP, and WPX
Should you be buying Canadian Natural Resources stock or one of its competitors? The main competitors of Canadian Natural Resources include Ovintiv (OVV), Paramount Resources (POU), International Petroleum (IPCO), Sandstorm Gold (SSL), Advantage Energy (AAV), Obsidian Energy (OBE), Hemisphere Energy (HME), Global X Active Canadian Dividend ETF Common (HAL), Coro Mining (COP), and Western Resources (WPX). These companies are all part of the "petroleum and natural gas" industry.
Ovintiv (TSE:OVV) and Canadian Natural Resources (TSE:CNQ) are both large-cap energy companies, but which is the better stock? We will contrast the two companies based on the strength of their community ranking, valuation, institutional ownership, risk, earnings, analyst recommendations, dividends, media sentiment and profitability.
Canadian Natural Resources has a net margin of 20.86% compared to Canadian Natural Resources' net margin of 18.52%. Canadian Natural Resources' return on equity of 21.33% beat Ovintiv's return on equity.
In the previous week, Ovintiv had 1 more articles in the media than Canadian Natural Resources. MarketBeat recorded 3 mentions for Ovintiv and 2 mentions for Canadian Natural Resources. Ovintiv's average media sentiment score of 1.16 beat Canadian Natural Resources' score of 0.49 indicating that Canadian Natural Resources is being referred to more favorably in the news media.
Ovintiv has a beta of 2.67, indicating that its share price is 167% more volatile than the S&P 500. Comparatively, Canadian Natural Resources has a beta of 1.97, indicating that its share price is 97% more volatile than the S&P 500.
Canadian Natural Resources received 711 more outperform votes than Ovintiv when rated by MarketBeat users. However, 59.38% of users gave Ovintiv an outperform vote while only 59.16% of users gave Canadian Natural Resources an outperform vote.
Ovintiv currently has a consensus target price of C$58.50, suggesting a potential downside of 8.19%. Canadian Natural Resources has a consensus target price of C$101.44, suggesting a potential upside of 112.97%. Given Ovintiv's higher probable upside, analysts clearly believe Canadian Natural Resources is more favorable than Ovintiv.
81.5% of Ovintiv shares are owned by institutional investors. Comparatively, 80.0% of Canadian Natural Resources shares are owned by institutional investors. 0.5% of Ovintiv shares are owned by company insiders. Comparatively, 2.2% 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 is poised for long-term growth.
Ovintiv pays an annual dividend of C$1.64 per share and has a dividend yield of 2.6%. Canadian Natural Resources pays an annual dividend of C$4.00 per share and has a dividend yield of 8.4%. Ovintiv pays out 16.7% of its earnings in the form of a dividend. Canadian Natural Resources pays out 58.7% 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.
Canadian Natural Resources has higher revenue and earnings than Ovintiv. Ovintiv 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.
Summary
Ovintiv beats Canadian Natural Resources on 11 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 TSE 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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