OVV vs. CVE, FANG, DVN, CTRA, EQT, MRO, PR, CHK, APA, and AR
Should you be buying Ovintiv stock or one of its competitors? The main competitors of Ovintiv include Cenovus Energy (CVE), Diamondback Energy (FANG), Devon Energy (DVN), Coterra Energy (CTRA), EQT (EQT), Marathon Oil (MRO), Permian Resources (PR), Chesapeake Energy (CHK), APA (APA), and Antero Resources (AR). These companies are all part of the "crude petroleum & natural gas" industry.
Ovintiv (NYSE:OVV) and Cenovus Energy (NYSE:CVE) are both large-cap oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their dividends, earnings, institutional ownership, analyst recommendations, valuation, profitability, community ranking, risk and media sentiment.
Cenovus Energy has higher revenue and earnings than Ovintiv. Ovintiv is trading at a lower price-to-earnings ratio than Cenovus Energy, indicating that it is currently the more affordable of the two stocks.
In the previous week, Ovintiv had 13 more articles in the media than Cenovus Energy. MarketBeat recorded 20 mentions for Ovintiv and 7 mentions for Cenovus Energy. Cenovus Energy's average media sentiment score of 1.21 beat Ovintiv's score of 0.56 indicating that Cenovus Energy is being referred to more favorably in the news media.
Ovintiv currently has a consensus price target of $57.56, indicating a potential upside of 11.40%. Cenovus Energy has a consensus price target of $26.67, indicating a potential upside of 28.08%. Given Cenovus Energy's stronger consensus rating and higher probable upside, analysts plainly believe Cenovus Energy is more favorable than Ovintiv.
83.8% of Ovintiv shares are owned by institutional investors. Comparatively, 51.2% of Cenovus Energy shares are owned by institutional investors. 1.7% of Ovintiv shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Ovintiv has a net margin of 18.12% compared to Cenovus Energy's net margin of 8.73%. Ovintiv's return on equity of 17.74% beat Cenovus Energy's return on equity.
Cenovus Energy received 495 more outperform votes than Ovintiv when rated by MarketBeat users. Likewise, 60.28% of users gave Cenovus Energy an outperform vote while only 49.82% of users gave Ovintiv an outperform vote.
Ovintiv pays an annual dividend of $1.20 per share and has a dividend yield of 2.3%. Cenovus Energy pays an annual dividend of $0.39 per share and has a dividend yield of 1.9%. Ovintiv pays out 16.8% of its earnings in the form of a dividend. Cenovus Energy pays out 21.7% 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. Ovintiv is clearly the better dividend stock, given its higher yield and lower payout ratio.
Ovintiv has a beta of 2.64, indicating that its share price is 164% more volatile than the S&P 500. Comparatively, Cenovus Energy has a beta of 2.1, indicating that its share price is 110% more volatile than the S&P 500.
Summary
Ovintiv beats Cenovus Energy on 12 of the 20 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 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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