CVE vs. PR: Cenovus Energy vs. Permian Resources Stock Comparison

November 11, 2026

How do Cenovus Energy (CVE) and Permian Resources (PR) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Cenovus Energy (CVE) and Permian Resources (PR) both belong to the Oil, Gas & Consumable Fuels industry, though CVE is classified under Integrated Oil & Gas while PR falls under Oil & Gas Exploration & Production.

Company profile comparison for Cenovus Energy (CVE) and Permian Resources (PR)
Profile Item	CVE	PR
Name	Cenovus Energy Inc.	Permian Resources Corp Class A Common Stock
Country/Region	Canada	United States
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Integrated Oil & Gas	Oil & Gas Exploration & Production
Market Capitalization	49.61 billion USD	18.24 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 17, 2009	April 15, 2016
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CVE

GSPC

Cenovus Energy (CVE) vs. Permian Resources (PR), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Cenovus Energy (CVE) and Permian Resources (PR). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cenovus Energy (CVE) and Permian Resources (PR). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cenovus Energy (CVE) and Permian Resources (PR)
Metric	CVE	PR
Total Return (1Y)	60.99%	69.18%
Total Return (3Y, Annualized)	19.41%	23.63%
Total Return (5Y, Annualized)	18.63%	26.41%

Risk Profile

Drawdown History

CVE

GSPC

Cenovus Energy (CVE) vs. Permian Resources (PR), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Cenovus Energy (CVE) and Permian Resources (PR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cenovus Energy (CVE) and Permian Resources (PR)
Metric	CVE	PR
Volatility (1Y, Annualized)	37.47%	34.59%
Beta (5Y)	0.43	0.65
Max Drawdown (5Y)	-53.51%	-44.31%
Avg. Volume (3M)	6.90M	9.78M

Risk-Adjusted Performance

Risk-Return Positioning

CVE and PR are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Cenovus Energy (CVE) and Permian Resources (PR)
Metric	CVE	PR
Sharpe Ratio (1Y)	1.51	1.88
Sortino Ratio (1Y)	2.20	2.73

Profitability

ROE (TTM)

Cenovus Energy (CVE) at 27.44% sits in the top ROE quartile, while Permian Resources (PR) at 13.95% is closer to the peer norm — stronger capital efficiency for CVE.

CVE

Energy industry group

27.44%

Max: 53.85%
CVE: 27.44%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

PR

Energy industry group

13.95%

Max: 53.85%
Q3: 24.79%
PR: 13.95%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

Cenovus Energy (CVE) vs. Permian Resources (PR): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Permian Resources (PR) at 25.04% retains a top-quartile share of revenue as profit, ahead of Cenovus Energy (CVE) at 15.42%, which keeps about the industry-typical share.

CVE

Energy industry group

15.42%

Max: 56.92%
Q3: 22.92%
CVE: 15.42%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

PR

Energy industry group

25.04%

Max: 56.92%
PR: 25.04%
Q3: 22.92%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Cenovus Energy (CVE) vs. Permian Resources (PR): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Cenovus Energy (CVE) at 26.58% and Permian Resources (PR) at 29.59% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CVE

Energy industry group

26.58%

Max: 71.31%
Q3: 33.75%
CVE: 26.58%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

PR

Energy industry group

29.59%

Max: 71.31%
Q3: 33.75%
PR: 29.59%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Cenovus Energy (CVE) vs. Permian Resources (PR): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Cenovus Energy (CVE) and Permian Resources (PR)
Metric	CVE	PR
ROE (TTM)	27.44%	13.95%
ROA (TTM)	12.05%	7.73%
Net Margin (TTM)	15.42%	25.04%
Operating Margin (TTM)	26.58%	29.59%
Gross Margin (TTM)	33.92%	77.14%

Growth

Revenue Growth

Permian Resources (PR) at 1.29% is around its peer norm for revenue growth, while Cenovus Energy (CVE) at -8.62% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Cenovus Energy (CVE) vs. Permian Resources (PR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Cenovus Energy (CVE) at 28.74% sits in the top EPS growth quartile, while Permian Resources (PR) at -11.72% is closer to the peer norm — faster per-share earnings growth for CVE.

Cenovus Energy (CVE) vs. Permian Resources (PR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cenovus Energy (CVE) and Permian Resources (PR)
Metric	CVE	PR
Revenue Growth (YoY)	-8.62%	1.29%
Revenue Growth (3Y CAGR)	-9.75%	33.45%
EPS Growth (YoY)	28.74%	-11.72%
EPS Growth (3Y CAGR)	-12.42%	-7.36%

Financial Strength

Current Ratio (MRQ)

Cenovus Energy (CVE) at 1.64 keeps current ratio within its industry’s typical mid-range, while Permian Resources (PR) at 0.50 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PR.

CVE

Energy industry group

1.64

Max: 3.64
Q3: 2.21
CVE: 1.64
Median: 1.41
Q1: 0.88
Min: 0.24

PR

Energy industry group

0.50

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
PR: 0.50
Min: 0.24

Cenovus Energy (CVE) vs. Permian Resources (PR): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Permian Resources (PR) at 0.26 keeps leverage in the lower industry quartile, while Cenovus Energy (CVE) at 0.33 runs a more typical debt-to-equity mix.

CVE

Energy industry group

0.33

Max: 1.75
Q3: 0.93
Median: 0.54
CVE: 0.33
Q1: 0.30
Min: 0.00

PR

Energy industry group

0.26

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
PR: 0.26
Min: 0.00

Cenovus Energy (CVE) vs. Permian Resources (PR): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Cenovus Energy (CVE) and Permian Resources (PR)
Metric	CVE	PR
Current Ratio (MRQ)	1.64	0.50
Debt / Equity (MRQ)	0.33	0.26
Net Debt / EBITDA	0.35	0.71

Dividends

Dividend Yield (TTM)

Both Cenovus Energy (CVE) at 3.04% and Permian Resources (PR) at 2.95% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CVE

Energy industry group

3.04%

Max: 8.57%
Q3: 3.58%
CVE: 3.04%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

PR

Energy industry group

2.95%

Max: 8.57%
Q3: 3.58%
PR: 2.95%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Cenovus Energy (CVE) vs. Permian Resources (PR): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Cenovus Energy (CVE) at 22.84% and Permian Resources (PR) at 32.64% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CVE

Energy industry group

22.84%

Max: 133.24%
Q3: 53.31%
Median: 25.24%
CVE: 22.84%
Q1: 0.00%
Min: 0.00%

PR

Energy industry group

32.64%

Max: 133.24%
Q3: 53.31%
PR: 32.64%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Cenovus Energy (CVE) vs. Permian Resources (PR): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Cenovus Energy (CVE) and Permian Resources (PR)
Metric	CVE	PR
Dividend Yield (TTM)	3.04%	2.95%
Dividend Payout Ratio (TTM)	22.84%	32.64%

Valuation

P/E Ratio (TTM)

Both Cenovus Energy (CVE) at 10.56 and Permian Resources (PR) at 11.27 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CVE

Energy industry group

10.56

Max: 39.54
Q3: 21.72
Median: 12.19
CVE: 10.56
Q1: 7.71
Min: 2.99

PR

Energy industry group

11.27

Max: 39.54
Q3: 21.72
Median: 12.19
PR: 11.27
Q1: 7.71
Min: 2.99

Cenovus Energy (CVE) vs. Permian Resources (PR): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Cenovus Energy (CVE) at 0.88 looks cheap on sales in the lower P/S ratio quartile, while Permian Resources (PR) at 2.86 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

CVE

Energy industry group

0.88

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
CVE: 0.88
Min: 0.00

PR

Energy industry group

2.86

Max: 5.40
PR: 2.86
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

Cenovus Energy (CVE) vs. Permian Resources (PR): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Cenovus Energy (CVE) at 1.98 and Permian Resources (PR) at 1.48 are valued close to their industries’ norm against book — neither stands out from peers.

CVE

Energy industry group

1.98

Max: 4.21
Q3: 2.38
CVE: 1.98
Median: 1.51
Q1: 1.08
Min: 0.01

PR

Energy industry group

1.48

Max: 4.21
Q3: 2.38
Median: 1.51
PR: 1.48
Q1: 1.08
Min: 0.01

Cenovus Energy (CVE) vs. Permian Resources (PR): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Cenovus Energy (CVE) and Permian Resources (PR)
Metric	CVE	PR
P/E Ratio (TTM)	10.56	11.27
P/S Ratio (TTM)	0.88	2.86
P/B Ratio (MRQ)	1.98	1.48
Free Cash Flow Yield (TTM)	20.71%	2.10%