Comstock Resources (NYSE: DVN) and Devon Energy (NYSE:DVN) are both oils/energy companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, profitability, valuation, analyst recommendations, institutional ownership, earnings and risk.
Institutional & Insider Ownership
38.3% of Comstock Resources shares are held by institutional investors. Comparatively, 84.0% of Devon Energy shares are held by institutional investors. 14.5% of Comstock Resources shares are held by insiders. Comparatively, 0.6% of Devon Energy shares 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.
Devon Energy pays an annual dividend of $0.32 per share and has a dividend yield of 0.8%. Comstock Resources does not pay a dividend. Devon Energy pays out 50.8% of its earnings in the form of a dividend. Comstock Resources has increased its dividend for 4 consecutive years.
This table compares Comstock Resources and Devon Energy’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Earnings & Valuation
This table compares Comstock Resources and Devon Energy’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Comstock Resources||$255.33 million||0.51||-$111.40 million||($3.90)||-2.05|
|Devon Energy||$13.95 billion||1.53||$898.00 million||$0.63||66.59|
Devon Energy has higher revenue and earnings than Comstock Resources. Comstock Resources is trading at a lower price-to-earnings ratio than Devon Energy, indicating that it is currently the more affordable of the two stocks.
Volatility & Risk
Comstock Resources has a beta of -0.14, meaning that its stock price is 114% less volatile than the S&P 500. Comparatively, Devon Energy has a beta of 2.24, meaning that its stock price is 124% more volatile than the S&P 500.
This is a breakdown of current recommendations for Comstock Resources and Devon Energy, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Comstock Resources currently has a consensus price target of $9.70, suggesting a potential upside of 21.40%. Devon Energy has a consensus price target of $50.33, suggesting a potential upside of 19.98%. Given Comstock Resources’ higher probable upside, research analysts plainly believe Comstock Resources is more favorable than Devon Energy.
Devon Energy beats Comstock Resources on 13 of the 17 factors compared between the two stocks.
About Comstock Resources
Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, and development of oil and gas resources primarily in Texas and Louisiana. The company is headquartered in Frisco, Texas.
About Devon Energy
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. It operates approximately 14,600 gross wells. The company also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants and treatment facilities. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
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