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.
Cenovus Energy (NYSE:CVE) and Ovintiv (NYSE:OVV) are both large-cap oils/energy companies, but which is the superior business? We will contrast the two companies based on the strength of their risk, valuation, institutional ownership, earnings, community ranking, media sentiment, dividends, profitability and analyst recommendations.
Cenovus Energy has a beta of 2.1, meaning that its share price is 110% more volatile than the S&P 500. Comparatively, Ovintiv has a beta of 2.64, meaning that its share price is 164% more volatile than the S&P 500.
In the previous week, Ovintiv had 14 more articles in the media than Cenovus Energy. MarketBeat recorded 21 mentions for Ovintiv and 7 mentions for Cenovus Energy. Ovintiv's average media sentiment score of 1.21 beat Cenovus Energy's score of 0.53 indicating that Cenovus Energy is being referred to more favorably in the media.
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.
Ovintiv has a net margin of 18.12% compared to Ovintiv's net margin of 8.73%. Cenovus Energy's return on equity of 17.74% beat Ovintiv's return on equity.
Cenovus Energy currently has a consensus price target of $26.67, suggesting a potential upside of 28.08%. Ovintiv has a consensus price target of $57.56, suggesting a potential upside of 11.40%. Given Ovintiv's stronger consensus rating and higher possible upside, equities analysts clearly believe Cenovus Energy is more favorable than Ovintiv.
Cenovus Energy pays an annual dividend of $0.39 per share and has a dividend yield of 1.9%. Ovintiv pays an annual dividend of $1.20 per share and has a dividend yield of 2.3%. Cenovus Energy pays out 21.7% of its earnings in the form of a dividend. Ovintiv pays out 16.8% 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. Cenovus Energy has raised its dividend for 3 consecutive years and Ovintiv has raised its dividend for 3 consecutive years. Ovintiv is clearly the better dividend stock, given its higher yield and lower payout ratio.
51.2% of Cenovus Energy shares are held by institutional investors. Comparatively, 83.8% of Ovintiv shares are held by institutional investors. 1.7% of Ovintiv shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
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.
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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