Cenovus Energy (CVE) vs Diamondback Energy (FANG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Cenovus Energy (CVE) has outperformed Diamondback Energy (FANG) over the past year, gaining 78.0% versus a gain of 28.6%. Over five years, CVE leads with a +170.1% price change compared with +77.0% for FANG. Cenovus Energy is the larger company by market cap ($57.87 billion vs $53.79 billion), about 1.1 times the size.
On valuation, Diamondback Energy trades at a lower forward P/E (10.2x vs 11.6x for Cenovus Energy). Cenovus Energy offers the higher dividend yield (2.61% vs 2.21%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CVE | FANG |
|---|---|---|
| Share price | $31.38 | $192.10 |
| Market cap | $57.87B | $53.79B |
| 1-day change | -0.35% | +0.22% |
| YTD return | +86.11% | +27.51% |
| 1-year return | +78.01% | +28.58% |
| 5-year return | +170.07% | +77.02% |
| P/E ratio (TTM) | 12.07 | 36.59 |
| Forward P/E | 11.63 | 10.25 |
| EPS (TTM) | $2.60 | $5.25 |
| Dividend yield | 2.61% | 2.21% |
| Annual dividend | $0.82 | $4.25 |
| Revenue (latest FY) | — | $15.03B |
| Revenue growth (YoY) | — | +35.79% |
| Net income (latest FY) | — | $1.66B |
| Operating margin | — | 8.43% |
| Net margin | — | 11.07% |
| 52-week high | $34.16 | $216.90 |
| 52-week low | $15.63 | $137.03 |
| Distance from 52-week high | -8.14% | -11.43% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +17.94% | +22.16% |
| Average volume | 7.10M | 2.35M |
| Shares outstanding | 1.84B | 280.02M |
| Employees | 7,211 | 1,762 |
| Sector | Energy | Energy |
| Industry | Oil & Gas Production | Oil & Gas Production |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- CVE has outperformed FANG by 49.4 percentage points over the past year.
- Diamondback Energy trades at a higher earnings multiple (36.6x vs 12.1x trailing P/E).
About Cenovus Energy
CVE stock →Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments.
Energy · Oil & Gas Production · 7,211 employees
About Diamondback Energy
FANG stock →Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States. The company primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the Permian Basin in West Texas and New Mexico.
Energy · Oil & Gas Production · 1,762 employees
CVE vs FANG FAQ
Which is bigger, Cenovus Energy or Diamondback Energy?
Cenovus Energy (CVE) is larger, with a market capitalization of $57.87B compared with $53.79B for Diamondback Energy (FANG).
Which stock has performed better over the past year, CVE or FANG?
CVE returned +78.01% over the past 12 months, compared with +28.58% for FANG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CVE or FANG?
CVE has the lower trailing P/E at 12.1, versus 36.6 for FANG. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Cenovus Energy or Diamondback Energy?
Cenovus Energy has the higher yield at 2.61%, compared with 2.21% for Diamondback Energy.
Are Cenovus Energy and Diamondback Energy in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.