Cenovus Energy (CVE) vs National Fuel Gas (NFG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Cenovus Energy (CVE) has outperformed National Fuel Gas (NFG) over the past year, gaining 75.9% versus a loss of 12.9%. Over five years, CVE leads with a +162.7% price change compared with +34.4% for NFG. Cenovus Energy is the larger company by market cap ($58.46 billion vs $7.46 billion), about 7.8 times the size.
On valuation, National Fuel Gas trades at a lower forward P/E (10.5x vs 11.8x for Cenovus Energy). National Fuel Gas offers the higher dividend yield (2.75% vs 2.59%).
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 | NFG |
|---|---|---|
| Share price | $31.70 | $78.45 |
| Market cap | $58.46B | $7.46B |
| 1-day change | +3.49% | +0.99% |
| YTD return | +81.03% | -2.97% |
| 1-year return | +75.93% | -12.89% |
| 5-year return | +162.69% | +34.42% |
| P/E ratio (TTM) | 12.19 | 10.93 |
| Forward P/E | 11.82 | 10.50 |
| EPS (TTM) | $2.60 | $7.18 |
| Dividend yield | 2.59% | 2.75% |
| Annual dividend | $0.82 | $2.16 |
| Revenue (latest FY) | — | $2.28B |
| Revenue growth (YoY) | — | +17.11% |
| Net income (latest FY) | — | $518.50M |
| Gross margin | — | 90.63% |
| Operating margin | — | 35.72% |
| Net margin | — | 22.77% |
| 52-week high | $34.16 | $97.06 |
| 52-week low | $15.63 | $75.03 |
| Distance from 52-week high | -7.20% | -19.17% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +16.75% | +18.55% |
| Average volume | 7.07M | 709.22K |
| Shares outstanding | 1.84B | 95.05M |
| Employees | 7,211 | 2,322 |
| Sector | Energy | Utilities |
| Industry | Oil & Gas Production | Oil/Gas Transmission |
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
- Cenovus Energy is about 7.8 times larger than National Fuel Gas by market value ($58.46B vs $7.46B).
- CVE has outperformed NFG by 88.8 percentage points over the past year.
- The two companies sit in different sectors: Cenovus Energy in Energy and National Fuel Gas in Utilities.
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 National Fuel Gas
NFG stock →National Fuel Gas Company operates as a diversified energy company. It operates through Integrated Upstream and Gathering, Pipeline and Storage, and Utility segments.
Utilities · Oil/Gas Transmission · 2,322 employees
CVE vs NFG FAQ
Which is bigger, Cenovus Energy or National Fuel Gas?
Cenovus Energy (CVE) is larger, with a market capitalization of $58.46B compared with $7.46B for National Fuel Gas (NFG).
Which stock has performed better over the past year, CVE or NFG?
CVE returned +75.93% over the past 12 months, compared with -12.89% for NFG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CVE or NFG?
NFG has the lower trailing P/E at 10.9, versus 12.2 for CVE. 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 National Fuel Gas?
National Fuel Gas has the higher yield at 2.75%, compared with 2.59% for Cenovus Energy.
Are Cenovus Energy and National Fuel Gas in the same industry?
No. Cenovus Energy is in the Energy sector, while National Fuel Gas is in Utilities.