PR vs. CVE, FANG, DVN, CTRA, EQT, MRO, OVV, CHK, APA, and AR
Should you be buying Permian Resources stock or one of its competitors? The main competitors of Permian Resources include Cenovus Energy (CVE), Diamondback Energy (FANG), Devon Energy (DVN), Coterra Energy (CTRA), EQT (EQT), Marathon Oil (MRO), Ovintiv (OVV), 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 Permian Resources (NASDAQ:PR) are both large-cap oils/energy companies, but which is the better investment? We will compare the two companies based on the strength of their risk, community ranking, institutional ownership, profitability, earnings, dividends, media sentiment, valuation and analyst recommendations.
Cenovus Energy received 598 more outperform votes than Permian Resources when rated by MarketBeat users. Likewise, 60.28% of users gave Cenovus Energy an outperform vote while only 53.52% of users gave Permian Resources an outperform vote.
In the previous week, Cenovus Energy had 4 more articles in the media than Permian Resources. MarketBeat recorded 8 mentions for Cenovus Energy and 4 mentions for Permian Resources. Cenovus Energy's average media sentiment score of 1.49 beat Permian Resources' score of 1.27 indicating that Permian 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 1.9%. Permian Resources pays an annual dividend of $0.24 per share and has a dividend yield of 1.5%. Cenovus Energy pays out 21.7% of its earnings in the form of a dividend. Permian Resources pays out 21.8% 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 increased its dividend for 3 consecutive years. Cenovus Energy is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Cenovus Energy has higher revenue and earnings than Permian Resources. Cenovus Energy is trading at a lower price-to-earnings ratio than Permian Resources, indicating that it is currently the more affordable of the two stocks.
Cenovus Energy currently has a consensus target price of $26.67, suggesting a potential upside of 28.08%. Permian Resources has a consensus target price of $19.38, suggesting a potential upside of 18.27%. Given Permian Resources' stronger consensus rating and higher possible upside, analysts plainly believe Cenovus Energy is more favorable than Permian Resources.
Permian Resources has a net margin of 13.90% compared to Permian Resources' net margin of 8.73%. Permian Resources' return on equity of 16.53% beat Cenovus Energy's return on equity.
51.2% of Cenovus Energy shares are held by institutional investors. Comparatively, 91.8% of Permian Resources shares are held by institutional investors. 12.8% of Permian Resources shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Cenovus Energy has a beta of 2.1, meaning that its stock price is 110% 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.
Summary
Cenovus Energy beats Permian Resources on 13 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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