PR vs. OVV, MRO, CHK, AR, EQT, APA, RRC, SWN, MTDR, and HESM
Should you be buying Permian Resources stock or one of its competitors? The main competitors of Permian Resources include Ovintiv (OVV), Marathon Oil (MRO), Chesapeake Energy (CHK), Antero Resources (AR), EQT (EQT), APA (APA), Range Resources (RRC), Southwestern Energy (SWN), Matador Resources (MTDR), and Hess Midstream (HESM). These companies are all part of the "crude petroleum & natural gas" industry.
Ovintiv (NYSE:OVV) and Permian Resources (NASDAQ:PR) are both large-cap oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their media sentiment, risk, profitability, earnings, dividends, analyst recommendations, community ranking, valuation and institutional ownership.
Ovintiv has a net margin of 18.12% compared to Ovintiv's net margin of 13.90%. Permian Resources' return on equity of 17.74% beat Ovintiv's return on equity.
Ovintiv pays an annual dividend of $1.20 per share and has a dividend yield of 2.4%. Permian Resources pays an annual dividend of $0.20 per share and has a dividend yield of 1.2%. Ovintiv pays out 16.8% of its earnings in the form of a dividend. Permian Resources pays out 18.2% 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. Ovintiv has increased its dividend for 3 consecutive years. Ovintiv is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
In the previous week, Permian Resources had 3 more articles in the media than Ovintiv. MarketBeat recorded 28 mentions for Permian Resources and 25 mentions for Ovintiv. Ovintiv's average media sentiment score of 0.97 beat Permian Resources' score of 0.56 indicating that Permian Resources is being referred to more favorably in the news media.
Ovintiv received 103 more outperform votes than Permian Resources when rated by MarketBeat users. However, 53.52% of users gave Permian Resources an outperform vote while only 49.82% of users gave Ovintiv an outperform vote.
Ovintiv currently has a consensus price target of $57.12, suggesting a potential upside of 14.72%. Permian Resources has a consensus price target of $19.38, suggesting a potential upside of 18.27%. Given Ovintiv's stronger consensus rating and higher possible upside, analysts plainly believe Permian Resources is more favorable than Ovintiv.
Ovintiv has a beta of 2.64, meaning that its stock price is 164% more volatile than the S&P 500. Comparatively, Permian Resources has a beta of 4.32, meaning that its stock price is 332% more volatile than the S&P 500.
Ovintiv has higher revenue and earnings than Permian Resources. Ovintiv is trading at a lower price-to-earnings ratio than Permian Resources, indicating that it is currently the more affordable of the two stocks.
83.8% of Ovintiv shares are owned by institutional investors. Comparatively, 91.8% of Permian Resources shares are owned by institutional investors. 1.7% of Ovintiv shares are owned by company insiders. Comparatively, 12.8% of Permian Resources shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Summary
Permian Resources beats Ovintiv on 12 of the 22 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding PR 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 NASDAQ 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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