Comprehensive Stock Comparison
Compare Ovintiv Inc. (OVV) vs EOG Resources, Inc. (EOG) vs Diamondback Energy, Inc. (FANG) vs Devon Energy Corporation (DVN) vs Matador Resources Company (MTDR) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | FANG | 36.3% revenue growth vs OVV's -4.5% |
| Value | MTDR | Lower P/E (11.6x vs 13.5x) |
| Quality / Margins | EOG | 22.1% net margin vs FANG's 11.1% |
| Stability / Safety | EOG | Beta 0.79 vs OVV's 1.42, lower leverage |
| Dividends | EOG | 3.2% yield, 1-year raise streak, vs OVV's 2.3% |
| Momentum (1Y) | DVN | +22.8% vs EOG's +0.9% |
| Efficiency (ROA) | EOG | 9.6% ROA vs FANG's 2.3%, ROIC 19.1% vs 6.7% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Ovintiv is an independent North American energy company that explores for, develops, and produces natural gas, oil, and natural gas liquids. It generates revenue primarily from selling hydrocarbons produced from its core assets — roughly 60% from the Permian and Anadarko basins in the U.S. and 40% from Canadian operations like the Montney formation. The company's competitive advantage lies in its large, low-cost resource base across premier North American basins and its operational scale, which drives capital efficiency.
EOG Resources is a leading independent exploration and production company focused on finding and developing oil and natural gas reserves. It generates revenue primarily from crude oil sales (roughly 70% of total revenue), with natural gas and natural gas liquids making up the remainder. The company's competitive advantage lies in its premium drilling inventory—particularly in the Delaware Basin and Eagle Ford shale—where its technical expertise and operational efficiency deliver industry-leading returns.
Diamondback Energy is an independent oil and natural gas company focused on unconventional resource development in the Permian Basin. It generates revenue primarily from crude oil production — roughly 70% of total revenue — with natural gas and natural gas liquids making up the remainder. The company's competitive advantage lies in its large, contiguous acreage position in the Permian's most productive formations, which enables efficient, low-cost development through scale and operational expertise.
Devon Energy is an independent oil and gas exploration and production company focused on U.S. onshore basins. It generates revenue primarily from crude oil sales (roughly 60% of total), with natural gas and natural gas liquids making up the remainder. The company's competitive advantage lies in its high-quality, low-cost asset portfolio concentrated in premier U.S. shale plays like the Delaware Basin.
Matador Resources is an independent oil and gas exploration and production company focused on shale plays in the Delaware Basin and other U.S. regions. It generates revenue primarily from oil sales (~60% of total revenue) and natural gas sales (~40%), supplemented by midstream services for third parties. The company's competitive advantage lies in its concentrated, high-quality acreage position in the prolific Delaware Basin — particularly in the Wolfcamp and Bone Spring formations — which provides low-cost, high-return drilling opportunities.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 5 stocks. BestLagging
Financial Scorecard
EOG leads in 2 of 6 categories (Financial Metrics, Profitability & Efficiency). MTDR leads in 1 (Valuation Metrics). 2 tied.
Financial Metrics (TTM)
EOG is the larger business by revenue, generating $22.6B annually — 6.1x MTDR's $3.7B. EOG is the more profitable business, keeping 22.1% of every revenue dollar as net income compared to FANG's 11.1%. On growth, EOG holds the edge at -0.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | OVVOvintiv Inc. | EOGEOG Resources, In… | FANGDiamondback Energ… | DVNDevon Energy Corp… | MTDRMatador Resources… |
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $8.8B | $22.6B | $15.0B | $16.6B | $3.7B |
| EBITDAEarnings before interest/tax | $3.3B | $12.7B | $10.0B | $6.9B | $2.4B |
| Net IncomeAfter-tax profit | $1.2B | $5.0B | $1.7B | $2.6B | $759M |
| Free Cash FlowCash after capex | $3.6B | $3.6B | $1.4B | $3.0B | $830M |
| Gross MarginGross profit ÷ Revenue | +47.1% | +68.1% | +35.1% | +22.7% | +88.8% |
| Operating MarginEBIT ÷ Revenue | +12.6% | +35.1% | +32.8% | +19.8% | +33.2% |
| Net MarginNet income ÷ Revenue | +14.1% | +22.1% | +11.1% | +15.9% | +20.5% |
| FCF MarginFCF ÷ Revenue | +41.2% | +15.8% | +9.1% | +18.4% | +22.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -5.3% | -0.2% | -8.7% | -6.3% | -13.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +16.8% | -41.7% | -2.4% | -9.1% | -9.4% |
Valuation Metrics
At 8.4x trailing earnings, MTDR trades at a 72% valuation discount to FANG's 30.4x P/E. On an enterprise value basis, MTDR's 3.5x EV/EBITDA is more attractive than FANG's 6.4x.
| Metric | OVVOvintiv Inc. | EOGEOG Resources, In… | FANGDiamondback Energ… | DVNDevon Energy Corp… | MTDRMatador Resources… |
|---|---|---|---|---|---|
| Market CapShares × price | $12.8B | $67.3B | $49.5B | $27.0B | $6.5B |
| Enterprise ValueMkt cap + debt − cash | $20.3B | $72.3B | $63.9B | $34.3B | $8.6B |
| Trailing P/EPrice ÷ TTM EPS | 10.58x | 13.62x | 30.38x | 10.36x | 8.44x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.97x | 12.96x | 17.60x | 13.50x | 11.65x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 4.96x | 5.71x | 6.42x | 4.63x | 3.54x |
| Price / SalesMarket cap ÷ Revenue | 1.47x | 2.98x | 3.30x | 1.57x | 1.75x |
| Price / BookPrice ÷ Book value/share | 1.17x | 2.24x | 1.17x | 1.76x | 1.07x |
| Price / FCFMarket cap ÷ FCF | 8.51x | 17.14x | 9.46x | 8.66x | 2.67x |
Profitability & Efficiency
DVN delivers a 17.0% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $4 for FANG. EOG carries lower financial leverage with a 0.28x debt-to-equity ratio, signaling a more conservative balance sheet compared to OVV's 0.67x. On the Piotroski fundamental quality scale (0–9), OVV scores 6/9 vs FANG's 4/9, reflecting solid financial health.
| Metric | OVVOvintiv Inc. | EOGEOG Resources, In… | FANGDiamondback Energ… | DVNDevon Energy Corp… | MTDRMatador Resources… |
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +11.1% | +16.7% | +3.9% | +17.0% | +12.7% |
| ROA (TTM)Return on assets | +6.1% | +9.6% | +2.3% | +8.4% | +7.3% |
| ROICReturn on invested capital | +8.0% | +19.1% | +6.7% | +12.3% | +11.8% |
| ROCEReturn on capital employed | +11.1% | +17.6% | +7.6% | +13.8% | +12.8% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 | 4 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.67x | 0.28x | 0.34x | 0.57x | 0.35x |
| Net DebtTotal debt minus cash | $7.5B | $5.0B | $14.4B | $7.3B | $2.1B |
| Cash & Equiv.Liquid assets | $35M | $3.4B | $106M | $1.4B | $15M |
| Total DebtShort + long-term debt | $7.5B | $8.4B | $14.5B | $8.8B | $2.1B |
| Interest CoverageEBIT ÷ Interest expense | 3.06x | 29.82x | 8.68x | 7.42x | 5.96x |
Total Returns (with DRIP)
A $10,000 investment in FANG five years ago would be worth $27,840 today (with dividends reinvested), compared to $22,658 for OVV. Over the past 12 months, DVN leads with a +22.8% total return vs EOG's +0.9%. The 3-year compound annual growth rate (CAGR) favors FANG at 11.4% vs DVN's -3.3% — a key indicator of consistent wealth creation.
| Metric | OVVOvintiv Inc. | EOGEOG Resources, In… | FANGDiamondback Energ… | DVNDevon Energy Corp… | MTDRMatador Resources… |
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +24.9% | +16.6% | +14.3% | +14.9% | +19.4% |
| 1-Year ReturnPast 12 months | +19.2% | +0.9% | +12.0% | +22.8% | +1.4% |
| 3-Year ReturnCumulative with dividends | +26.6% | +21.6% | +38.3% | -9.5% | +1.2% |
| 5-Year ReturnCumulative with dividends | +126.6% | +132.9% | +178.4% | +149.8% | +149.6% |
| 10-Year ReturnCumulative with dividends | +166.7% | +141.1% | +191.4% | +194.4% | +240.8% |
| CAGR (3Y)Annualised 3-year return | +8.2% | +6.7% | +11.4% | -3.3% | +0.4% |
Risk & Volatility
EOG is the less volatile stock with a 0.79 beta — it tends to amplify market swings less than OVV's 1.42 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FANG currently trades 98.2% from its 52-week high vs DVN's 94.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | OVVOvintiv Inc. | EOGEOG Resources, In… | FANGDiamondback Energ… | DVNDevon Energy Corp… | MTDRMatador Resources… |
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.42x | 0.79x | 1.14x | 1.24x | 1.40x |
| 52-Week HighHighest price in past year | $51.60 | $130.52 | $177.25 | $46.15 | $53.84 |
| 52-Week LowLowest price in past year | $29.80 | $101.59 | $114.00 | $25.89 | $35.19 |
| % of 52W HighCurrent price vs 52-week peak | +98.0% | +95.1% | +98.2% | +94.3% | +95.5% |
| RSI (14)Momentum oscillator 0–100 | 63.8 | 60.7 | 52.7 | 54.7 | 58.6 |
| Avg Volume (50D)Average daily shares traded | 3.8M | 3.8M | 1.6M | 8.6M | 1.4M |
Analyst Outlook
Analyst consensus: OVV as "Buy", EOG as "Buy", FANG as "Buy", DVN as "Buy", MTDR as "Buy". Consensus price targets imply 10.3% upside for MTDR (target: $57) vs 3.1% for OVV (target: $52). For income investors, EOG offers the higher dividend yield at 3.23% vs DVN's 2.26%.
| Metric | OVVOvintiv Inc. | EOGEOG Resources, In… | FANGDiamondback Energ… | DVNDevon Energy Corp… | MTDRMatador Resources… |
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $52.14 | $133.21 | $184.08 | $47.78 | $56.67 |
| # AnalystsCovering analysts | 26 | 65 | 51 | 63 | 41 |
| Dividend YieldAnnual dividend ÷ price | +2.3% | +3.2% | +2.3% | +2.3% | +2.5% |
| Dividend StreakConsecutive years of raises | 5 | 1 | 0 | 0 | 5 |
| Dividend / ShareAnnual DPS | $1.19 | $4.01 | $4.00 | $0.98 | $1.31 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.4% | 0.0% | +4.1% | +3.9% | +0.9% |
Historical Charts
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Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| Ovintiv Inc. (OVV) | 100 | 367.79 | +267.8% |
| EOG Resources, Inc. (EOG) | 100 | 171.37 | +71.4% |
| Diamondback Energy,… (FANG) | 100 | 255.87 | +155.9% |
| Devon Energy Corpor… (DVN) | 100 | 247.17 | +147.2% |
| Matador Resources C… (MTDR) | 100 | 453.01 | +353.0% |
Diamondback Energy,… (FANG) returned +178% over 5 years vs Ovintiv Inc. (OVV)'s +127%. A $10,000 investment in FANG 5 years ago would be worth $27,840 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Ovintiv Inc. (OVV) | $2.9B | $8.7B | +199.4% |
| EOG Resources, Inc. (EOG) | $7.5B | $22.6B | +202.4% |
| Diamondback Energy,… (FANG) | $527M | $15.0B | +2750.7% |
| Devon Energy Corpor… (DVN) | $10.5B | $17.2B | +63.4% |
| Matador Resources C… (MTDR) | $264M | $3.7B | +1297.9% |
Ovintiv Inc.'s revenue grew from $2.9B (2016) to $8.7B (2025) — a 13.0% CAGR. EOG Resources, Inc.'s revenue grew from $7.5B (2016) to $22.6B (2025) — a 13.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Ovintiv Inc. (OVV) | -32.4% | 14.2% | +143.9% |
| EOG Resources, Inc. (EOG) | -14.7% | 22.1% | +250.2% |
| Diamondback Energy,… (FANG) | -31.3% | 11.1% | +135.4% |
| Devon Energy Corpor… (DVN) | -31.4% | 15.4% | +149.0% |
| Matador Resources C… (MTDR) | -36.8% | 20.5% | +155.8% |
Ovintiv Inc.'s net margin went from -32% (2016) to 14% (2025). EOG Resources, Inc.'s net margin went from -15% (2016) to 22% (2025).
Chart 4P/E Ratio History — 8 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Ovintiv Inc. (OVV) | 15.7 | 8.2 | -47.8% |
| EOG Resources, Inc. (EOG) | 24.2 | 11.5 | -52.5% |
| Diamondback Energy,… (FANG) | 25.6 | 26.2 | +2.3% |
| Devon Energy Corpor… (DVN) | 24.4 | 8.7 | -64.3% |
| Matador Resources C… (MTDR) | 25.3 | 7 | -72.3% |
Ovintiv Inc. has traded in a 4x–26x P/E range over 8 years; current trailing P/E is ~11x. EOG Resources, Inc. has traded in a 9x–24x P/E range over 8 years; current trailing P/E is ~14x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Ovintiv Inc. (OVV) | -5.35 | 4.78 | +189.3% |
| EOG Resources, Inc. (EOG) | -1.98 | 9.11 | +560.1% |
| Diamondback Energy,… (FANG) | -2.2 | 5.73 | +360.5% |
| Devon Energy Corpor… (DVN) | -6.44 | 4.2 | +165.2% |
| Matador Resources C… (MTDR) | -1.07 | 6.09 | +669.2% |
Ovintiv Inc.'s EPS grew from $-5.35 (2016) to $4.78 (2025). EOG Resources, Inc.'s EPS grew from $-1.98 (2016) to $9.11 (2025).
Chart 6Free Cash Flow — 5 Years
Ovintiv Inc. generated $2B FCF in 2025 (-7% vs 2021). EOG Resources, Inc. generated $4B FCF in 2025 (-20% vs 2021).
OVV vs EOG vs FANG vs DVN vs MTDR: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is OVV or EOG or FANG or DVN or MTDR a better buy right now?
Matador Resources Company (MTDR) offers the better valuation at 8.4x trailing P/E (11.6x forward), making it the more compelling value choice. Analysts rate Ovintiv Inc. (OVV) a "Buy" — based on 26 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — OVV or EOG or FANG or DVN or MTDR?
On trailing P/E, Matador Resources Company (MTDR) is the cheapest at 8.4x versus Diamondback Energy, Inc. at 30.4x. On forward P/E, Matador Resources Company is actually cheaper at 11.6x.
03Which is the better long-term investment — OVV or EOG or FANG or DVN or MTDR?
Over the past 5 years, Diamondback Energy, Inc. (FANG) delivered a total return of +178.4%, compared to +126.6% for Ovintiv Inc. (OVV). A $10,000 investment in FANG five years ago would be worth approximately $28K today (assuming dividends reinvested). Over 10 years, the gap is even starker: MTDR returned +240.8% versus EOG's +141.1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — OVV or EOG or FANG or DVN or MTDR?
By beta (market sensitivity over 5 years), EOG Resources, Inc. (EOG) is the lower-risk stock at 0.79β versus Ovintiv Inc.'s 1.42β — meaning OVV is approximately 81% more volatile than EOG relative to the S&P 500. On balance sheet safety, EOG Resources, Inc. (EOG) carries a lower debt/equity ratio of 28% versus 67% for Ovintiv Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — OVV or EOG or FANG or DVN or MTDR?
EOG Resources, Inc. (EOG) is the more profitable company, earning 22.1% net margin versus 11.1% for Diamondback Energy, Inc. — meaning it keeps 22.1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EOG leads at 35.1% versus 21.6% for OVV. At the gross margin level — before operating expenses — MTDR leads at 88.8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is OVV or EOG or FANG or DVN or MTDR more undervalued right now?
On forward earnings alone, Matador Resources Company (MTDR) trades at 11.6x forward P/E versus 17.6x for Diamondback Energy, Inc. — 6.0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MTDR: 10.3% to $56.67.
07Which pays a better dividend — OVV or EOG or FANG or DVN or MTDR?
All stocks in this comparison pay dividends. EOG Resources, Inc. (EOG) offers the highest yield at 3.2%, versus 2.3% for Devon Energy Corporation (DVN).
08Is OVV or EOG or FANG or DVN or MTDR better for a retirement portfolio?
For long-horizon retirement investors, EOG Resources, Inc. (EOG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.79), 3.2% yield, +141.1% 10Y return). Both have compounded well over 10 years (EOG: +141.1%, OVV: +166.7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between OVV and EOG and FANG and DVN and MTDR?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: OVV is a mid-cap deep-value stock; EOG is a mid-cap deep-value stock; FANG is a mid-cap quality compounder stock; DVN is a mid-cap deep-value stock; MTDR is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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