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CVE vs. TPL: Cenovus Energy vs. Texas Pacific Land Stock Comparison

How do Cenovus Energy (CVE) and Texas Pacific Land (TPL) 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 Texas Pacific Land (TPL) both belong to the Oil, Gas & Consumable Fuels industry, though CVE is classified under Integrated Oil & Gas while TPL falls under Oil & Gas Exploration & Production.

Company profile comparison for Cenovus Energy (CVE) and Texas Pacific Land (TPL)
Profile ItemCVETPL
NameCenovus Energy Inc.Texas Pacific Land Corporation
Country/RegionCanadaUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Exploration & Production
Market Capitalization49.61 billion USD18.79 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateNovember 17, 2009March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CVE
TPL
GSPC
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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL), 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 Texas Pacific Land (TPL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cenovus Energy (CVE) and Texas Pacific Land (TPL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cenovus Energy (CVE) and Texas Pacific Land (TPL)
MetricCVETPL
Total Return (1Y)60.99%-14.10%
Total Return (3Y, Annualized)19.41%16.13%
Total Return (5Y, Annualized)18.63%13.42%

Risk Profile

Drawdown History

CVE
TPL
GSPC
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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL), 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 Texas Pacific Land (TPL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cenovus Energy (CVE) and Texas Pacific Land (TPL)
MetricCVETPL
Volatility (1Y, Annualized)37.47%49.74%
Beta (5Y)0.430.62
Max Drawdown (5Y)-53.51%-52.50%
Avg. Volume (3M)6.90M380.93K

Risk-Adjusted Performance

Risk-Return Positioning

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CVE and TPL 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 Texas Pacific Land (TPL)
MetricCVETPL
Sharpe Ratio (1Y)1.51-0.37
Sortino Ratio (1Y)2.20-0.50

Profitability

ROE (TTM)

Both Cenovus Energy (CVE) at 27.44% and Texas Pacific Land (TPL) at 37.07% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

CVE

Energy industry group

27.44%

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

TPL

Energy industry group

37.07%

Max
53.85%
TPL
37.07%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Texas Pacific Land (TPL) at 60.71% converts revenue to bottom-line profit above its industry’s benchmark range, while Cenovus Energy (CVE) at 15.42% keeps roughly the typical share for its industry.

CVE

Energy industry group

15.42%

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

TPL

Energy industry group

60.71%

TPL
60.71%
Max
56.92%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Texas Pacific Land (TPL) at 76.20% turns sales into operating profit above its industry’s benchmark range, while Cenovus Energy (CVE) at 26.58% operates around its industry’s norm.

CVE

Energy industry group

26.58%

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

TPL

Energy industry group

76.20%

TPL
76.20%
Max
71.31%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Cenovus Energy (CVE) and Texas Pacific Land (TPL)
MetricCVETPL
ROE (TTM)27.44%37.07%
ROA (TTM)12.05%26.08%
Net Margin (TTM)15.42%60.71%
Operating Margin (TTM)26.58%76.20%
Gross Margin (TTM)33.92%94.09%

Growth

Revenue Growth

Texas Pacific Land (TPL) at 13.09% 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.

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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL): 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 Texas Pacific Land (TPL) at 6.04% is closer to the peer norm — faster per-share earnings growth for CVE.

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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cenovus Energy (CVE) and Texas Pacific Land (TPL)
MetricCVETPL
Revenue Growth (YoY)-8.62%13.09%
Revenue Growth (3Y CAGR)-9.75%6.15%
EPS Growth (YoY)28.74%6.04%
EPS Growth (3Y CAGR)-12.42%2.78%

Financial Strength

Current Ratio (MRQ)

Cenovus Energy (CVE) at 1.64 keeps current ratio within its industry’s typical mid-range, while Texas Pacific Land (TPL) at 5.41 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

CVE

Energy industry group

1.64

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

TPL

Energy industry group

5.41

TPL
5.41
Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
Min
0.24
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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Texas Pacific Land (TPL) at 0.01 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

TPL

Energy industry group

0.01

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
TPL
0.01
Min
0.00
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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL): 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 Texas Pacific Land (TPL)
MetricCVETPL
Current Ratio (MRQ)1.645.41
Debt / Equity (MRQ)0.330.01
Net Debt / EBITDA0.35-0.44

Dividends

Dividend Yield (TTM)

Both Cenovus Energy (CVE) at 3.04% and Texas Pacific Land (TPL) at 0.86% 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%

TPL

Energy industry group

0.86%

Max
8.57%
Q3
3.58%
Median
1.71%
TPL
0.86%
Q1
0.00%
Min
0.00%
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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Cenovus Energy (CVE) at 22.84% and Texas Pacific Land (TPL) at 27.42% 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%

TPL

Energy industry group

27.42%

Max
133.24%
Q3
53.31%
TPL
27.42%
Median
25.24%
Q1
0.00%
Min
0.00%
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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Cenovus Energy (CVE) and Texas Pacific Land (TPL)
MetricCVETPL
Dividend Yield (TTM)3.04%0.86%
Dividend Payout Ratio (TTM)22.84%27.42%

Valuation

P/E Ratio (TTM)

Cenovus Energy (CVE) at 10.56 is near its industry’s usual P/E ratio, while Texas Pacific Land (TPL) at 32.00 sits in the richer quartile — TPL needs stronger growth or earnings quality to justify the premium.

CVE

Energy industry group

10.56

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

TPL

Energy industry group

32.00

Max
39.54
TPL
32.00
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Cenovus Energy (CVE) at 0.88 sits in the cheaper P/S ratio quartile while Texas Pacific Land (TPL) at 19.41 prices above its industry range — a wide gap in sales valuation between them.

CVE

Energy industry group

0.88

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

TPL

Energy industry group

19.41

TPL
19.41
Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Cenovus Energy (CVE) at 1.98 sits near its industry’s typical P/B ratio, while Texas Pacific Land (TPL) at 10.42 prices above its benchmark range — TPL looks rich relative to book.

CVE

Energy industry group

1.98

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

TPL

Energy industry group

10.42

TPL
10.42
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Cenovus Energy (CVE) vs. Texas Pacific Land (TPL): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Cenovus Energy (CVE) and Texas Pacific Land (TPL)
MetricCVETPL
P/E Ratio (TTM)10.5632.00
P/S Ratio (TTM)0.8819.41
P/B Ratio (MRQ)1.9810.42
Free Cash Flow Yield (TTM)20.71%0.43%