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CVE vs. TRGP: Cenovus Energy vs. Targa Resources Stock Comparison

How do Cenovus Energy (CVE) and Targa Resources (TRGP) 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 Targa Resources (TRGP) both belong to the Oil, Gas & Consumable Fuels industry, though CVE is classified under Integrated Oil & Gas while TRGP falls under Oil & Gas Storage & Transportation.

Company profile comparison for Cenovus Energy (CVE) and Targa Resources (TRGP)
Profile ItemCVETRGP
NameCenovus Energy Inc.Targa Resources Corp.
Country/RegionCanadaUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Storage & Transportation
Market Capitalization49.61 billion USD56.77 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateNovember 17, 2009December 7, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CVE
TRGP
GSPC
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Cenovus Energy (CVE) vs. Targa Resources (TRGP), 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 Targa Resources (TRGP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cenovus Energy (CVE) and Targa Resources (TRGP)
MetricCVETRGP
Total Return (1Y)60.99%61.02%
Total Return (3Y, Annualized)19.41%51.25%
Total Return (5Y, Annualized)18.63%39.54%

Risk Profile

Drawdown History

CVE
TRGP
GSPC
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Cenovus Energy (CVE) vs. Targa Resources (TRGP), 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 Targa Resources (TRGP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cenovus Energy (CVE) and Targa Resources (TRGP)
MetricCVETRGP
Volatility (1Y, Annualized)37.47%29.62%
Beta (5Y)0.430.79
Max Drawdown (5Y)-53.51%-31.61%
Avg. Volume (3M)6.90M1.21M

Risk-Adjusted Performance

Risk-Return Positioning

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CVE and TRGP 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 Targa Resources (TRGP)
MetricCVETRGP
Sharpe Ratio (1Y)1.511.92
Sortino Ratio (1Y)2.202.91

Profitability

ROE (TTM)

Both companies show strong equity returns, but Targa Resources (TRGP) at 73.42% is the standout with ROE above its industry range; Cenovus Energy (CVE) at 27.44% also sits in the top quartile.

CVE

Energy industry group

27.44%

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

TRGP

Energy industry group

73.42%

TRGP
73.42%
Max
53.85%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Cenovus Energy (CVE) vs. Targa Resources (TRGP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Cenovus Energy (CVE) at 15.42% and Targa Resources (TRGP) at 13.46% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CVE

Energy industry group

15.42%

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

TRGP

Energy industry group

13.46%

Max
56.92%
Q3
22.92%
TRGP
13.46%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Cenovus Energy (CVE) vs. Targa Resources (TRGP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Cenovus Energy (CVE) at 26.58% and Targa Resources (TRGP) at 19.58% 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%

TRGP

Energy industry group

19.58%

Max
71.31%
Q3
33.75%
TRGP
19.58%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Cenovus Energy (CVE) vs. Targa Resources (TRGP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Cenovus Energy (CVE) and Targa Resources (TRGP)
MetricCVETRGP
ROE (TTM)27.44%73.42%
ROA (TTM)12.05%9.52%
Net Margin (TTM)15.42%13.46%
Operating Margin (TTM)26.58%19.58%
Gross Margin (TTM)33.92%41.82%

Growth

Revenue Growth

Targa Resources (TRGP) at 3.95% 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. Targa Resources (TRGP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Cenovus Energy (CVE) at 28.74% and Targa Resources (TRGP) at 46.92% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

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

Growth Metrics

Growth metrics for Cenovus Energy (CVE) and Targa Resources (TRGP)
MetricCVETRGP
Revenue Growth (YoY)-8.62%3.95%
Revenue Growth (3Y CAGR)-9.75%-6.65%
EPS Growth (YoY)28.74%46.92%
EPS Growth (3Y CAGR)-12.42%30.53%

Financial Strength

Current Ratio (MRQ)

Cenovus Energy (CVE) at 1.64 keeps current ratio within its industry’s typical mid-range, while Targa Resources (TRGP) at 0.74 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRGP.

CVE

Energy industry group

1.64

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

TRGP

Energy industry group

0.74

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
TRGP
0.74
Min
0.24
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Cenovus Energy (CVE) vs. Targa Resources (TRGP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Cenovus Energy (CVE) at 0.33 is near its industry mid-range for debt-to-equity ratio, while Targa Resources (TRGP) at 5.01 sits above its benchmark range, pointing to a heavier debt load relative to equity.

CVE

Energy industry group

0.33

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

TRGP

Energy industry group

5.01

TRGP
5.01
Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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Cenovus Energy (CVE) vs. Targa Resources (TRGP): 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 Targa Resources (TRGP)
MetricCVETRGP
Current Ratio (MRQ)1.640.74
Debt / Equity (MRQ)0.335.01
Net Debt / EBITDA0.353.38

Dividends

Dividend Yield (TTM)

Both Cenovus Energy (CVE) at 3.04% and Targa Resources (TRGP) at 1.75% 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%

TRGP

Energy industry group

1.75%

Max
8.57%
Q3
3.58%
TRGP
1.75%
Median
1.71%
Q1
0.00%
Min
0.00%
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Cenovus Energy (CVE) vs. Targa Resources (TRGP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Cenovus Energy (CVE) at 22.84% and Targa Resources (TRGP) at 39.82% 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%

TRGP

Energy industry group

39.82%

Max
133.24%
Q3
53.31%
TRGP
39.82%
Median
25.24%
Q1
0.00%
Min
0.00%
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Cenovus Energy (CVE) vs. Targa Resources (TRGP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Cenovus Energy (CVE) and Targa Resources (TRGP)
MetricCVETRGP
Dividend Yield (TTM)3.04%1.75%
Dividend Payout Ratio (TTM)22.84%39.82%

Valuation

P/E Ratio (TTM)

Cenovus Energy (CVE) at 10.56 is near its industry’s usual P/E ratio, while Targa Resources (TRGP) at 23.42 sits in the richer quartile — TRGP 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

TRGP

Energy industry group

23.42

Max
39.54
TRGP
23.42
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Cenovus Energy (CVE) vs. Targa Resources (TRGP): 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 Targa Resources (TRGP) at 3.12 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

TRGP

Energy industry group

3.12

Max
5.40
TRGP
3.12
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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Cenovus Energy (CVE) vs. Targa Resources (TRGP): 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 Targa Resources (TRGP) at 14.87 prices above its benchmark range — TRGP 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

TRGP

Energy industry group

14.87

TRGP
14.87
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Cenovus Energy (CVE) vs. Targa Resources (TRGP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Cenovus Energy (CVE) and Targa Resources (TRGP)
MetricCVETRGP
P/E Ratio (TTM)10.5623.42
P/S Ratio (TTM)0.883.12
P/B Ratio (MRQ)1.9814.87
Free Cash Flow Yield (TTM)20.71%0.29%