OVV vs. CNQ, POU, SSL, AAV, OBE, HME, WPX, CVX, E, and MNR
Should you be buying Ovintiv stock or one of its competitors? The main competitors of Ovintiv include Canadian Natural Resources (CNQ), Paramount Resources (POU), Sandstorm Gold (SSL), Advantage Energy (AAV), Obsidian Energy (OBE), Hemisphere Energy (HME), Western Resources (WPX), CEMATRIX (CVX), Enterprise Group (E), and Mason Resources (MNR). 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 superior business? We will compare the two companies based on the strength of their community ranking, risk, profitability, dividends, media sentiment, institutional ownership, valuation, earnings and analyst recommendations.
81.5% of Ovintiv shares are held by institutional investors. Comparatively, 80.0% of Canadian Natural Resources shares are held by institutional investors. 0.5% of Ovintiv shares are held by insiders. Comparatively, 2.2% of Canadian Natural Resources shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Ovintiv currently has a consensus price target of C$58.50, indicating a potential downside of 7.96%. Canadian Natural Resources has a consensus price target of C$101.44, indicating a potential upside of 112.57%. Given Canadian Natural Resources' higher possible upside, analysts clearly believe Canadian Natural Resources is more favorable than Ovintiv.
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 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.
In the previous week, Canadian Natural Resources had 1 more articles in the media than Ovintiv. MarketBeat recorded 4 mentions for Canadian Natural Resources and 3 mentions for Ovintiv. Canadian Natural Resources' average media sentiment score of 1.16 beat Ovintiv's score of 0.49 indicating that Canadian Natural Resources is being referred to more favorably in the news media.
Canadian Natural Resources has a net margin of 20.86% compared to Ovintiv's net margin of 18.52%. Ovintiv's return on equity of 21.33% beat Canadian Natural Resources' return on equity.
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 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
Canadian Natural Resources beats Ovintiv 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 OVV 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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