CVE vs. CNQ, EOG, OXY, E, FANG, DVN, CTRA, EQT, MRO, and OVV
Should you be buying Cenovus Energy stock or one of its competitors? The main competitors of Cenovus Energy include Canadian Natural Resources (CNQ), EOG Resources (EOG), Occidental Petroleum (OXY), ENI (E), Diamondback Energy (FANG), Devon Energy (DVN), Coterra Energy (CTRA), EQT (EQT), Marathon Oil (MRO), and Ovintiv (OVV). These companies are all part of the "crude petroleum & natural gas" industry.
Cenovus Energy (NYSE:CVE) and Canadian Natural Resources (NYSE:CNQ) 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 community ranking, valuation, earnings, analyst recommendations, institutional ownership, dividends, profitability, media sentiment and risk.
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 endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
In the previous week, Cenovus Energy had 8 more articles in the media than Canadian Natural Resources. MarketBeat recorded 8 mentions for Cenovus Energy and 0 mentions for Canadian Natural Resources. Canadian Natural Resources' average media sentiment score of 1.48 beat Cenovus Energy's score of 1.33 indicating that Canadian Natural Resources is being referred to more favorably in the news media.
Cenovus Energy pays an annual dividend of $0.39 per share and has a dividend yield of 2.0%. Canadian Natural Resources pays an annual dividend of $3.09 per share and has a dividend yield of 4.4%. Cenovus Energy pays out 21.7% of its earnings in the form of a dividend. Canadian Natural Resources pays out 61.6% 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 a net margin of 18.21% compared to Cenovus Energy's net margin of 8.73%. Canadian Natural Resources' return on equity of 20.58% beat Cenovus Energy's return on equity.
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.
Cenovus Energy received 31 more outperform votes than Canadian Natural Resources when rated by MarketBeat users. However, 69.22% of users gave Canadian Natural Resources an outperform vote while only 60.28% of users gave Cenovus Energy an outperform vote.
Cenovus Energy has a beta of 2.06, suggesting that its stock price is 106% more volatile than the S&P 500. Comparatively, Canadian Natural Resources has a beta of 1.5, suggesting that its stock price is 50% more volatile than the S&P 500.
Cenovus Energy presently has a consensus price target of $29.00, suggesting a potential upside of 49.60%. Canadian Natural Resources has a consensus price target of $94.00, suggesting a potential upside of 32.56%. Given Cenovus Energy's stronger consensus rating and higher possible upside, analysts clearly believe Cenovus Energy is more favorable than Canadian Natural Resources.
Summary
Canadian Natural Resources beats Cenovus Energy on 12 of the 20 factors compared between the two stocks.
Get Cenovus Energy News Delivered to You Automatically
Sign up to receive the latest news and ratings for CVE and its competitors with MarketBeat's FREE daily newsletter.
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.
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.
Cenovus Energy Competitors List
Related Companies and Tools
