Head-To-Head Review: Cenovus Energy (CVE) vs. Its Competitors
Cenovus Energy (NYSE: CVE) is one of 23 publicly-traded companies in the “Integrated Oil & Gas” industry, but how does it weigh in compared to its competitors? We will compare Cenovus Energy to similar companies based on the strength of its earnings, risk, valuation, dividends, profitability, institutional ownership and analyst recommendations.
Risk and Volatility
Cenovus Energy has a beta of 0.6, indicating that its stock price is 40% less volatile than the S&P 500. Comparatively, Cenovus Energy’s competitors have a beta of 1.39, indicating that their average stock price is 39% more volatile than the S&P 500.
Earnings and Valuation
This table compares Cenovus Energy and its competitors revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Cenovus Energy||$12.32 billion||$1.83 billion||5.51|
|Cenovus Energy Competitors||$52.35 billion||$11.11 billion||1.57|
Cenovus Energy’s competitors have higher revenue and earnings than Cenovus Energy. Cenovus Energy is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Cenovus Energy pays an annual dividend of $0.16 per share and has a dividend yield of 1.6%. Cenovus Energy pays out 8.9% of its earnings in the form of a dividend. As a group, “Integrated Oil & Gas” companies pay a dividend yield of 3.0% and pay out 257.7% of their earnings in the form of a dividend.
This table compares Cenovus Energy and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Cenovus Energy Competitors||-6.48%||2.15%||1.06%|
Institutional and Insider Ownership
56.2% of Cenovus Energy shares are held by institutional investors. Comparatively, 41.3% of shares of all “Integrated Oil & Gas” companies are held by institutional investors. 9.8% of shares of all “Integrated Oil & Gas” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
This is a breakdown of current ratings and target prices for Cenovus Energy and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Cenovus Energy Competitors||215||650||769||31||2.37|
Cenovus Energy currently has a consensus price target of $16.79, indicating a potential upside of 69.38%. As a group, “Integrated Oil & Gas” companies have a potential upside of 36.79%. Given Cenovus Energy’s stronger consensus rating and higher probable upside, equities analysts clearly believe Cenovus Energy is more favorable than its competitors.
Cenovus Energy beats its competitors on 9 of the 15 factors compared.
Cenovus Energy Company Profile
Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.
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