EV Energy Partners, L.P. (EVEP) & Pengrowth Energy Corporation (PGH) Financial Analysis

EV Energy Partners, L.P. (NASDAQ: EVEP) and Pengrowth Energy Corporation (NYSE:PGH) are both oils/energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their risk, earnings, valuation, institutional ownership, dividends, analyst recommendations and profitability.

Profitability

This table compares EV Energy Partners, L.P. and Pengrowth Energy Corporation’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
EV Energy Partners, L.P. -120.31% -7.43% -3.56%
Pengrowth Energy Corporation -76.93% -22.19% -8.39%

Insider and Institutional Ownership

8.6% of EV Energy Partners, L.P. shares are owned by institutional investors. Comparatively, 16.7% of Pengrowth Energy Corporation shares are owned by institutional investors. 10.2% of EV Energy Partners, L.P. shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Volatility and Risk

EV Energy Partners, L.P. has a beta of 1.74, meaning that its share price is 74% more volatile than the S&P 500. Comparatively, Pengrowth Energy Corporation has a beta of 2.49, meaning that its share price is 149% more volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of current ratings for EV Energy Partners, L.P. and Pengrowth Energy Corporation, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
EV Energy Partners, L.P. 1 1 0 0 1.50
Pengrowth Energy Corporation 5 3 0 0 1.38

EV Energy Partners, L.P. currently has a consensus target price of $1.00, suggesting a potential upside of 67.28%. Pengrowth Energy Corporation has a consensus target price of $2.06, suggesting a potential upside of 103.80%. Given Pengrowth Energy Corporation’s higher possible upside, analysts plainly believe Pengrowth Energy Corporation is more favorable than EV Energy Partners, L.P..

Valuation and Earnings

This table compares EV Energy Partners, L.P. and Pengrowth Energy Corporation’s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio EBITDA Earnings Per Share Price/Earnings Ratio
EV Energy Partners, L.P. N/A N/A N/A ($5.20) -0.11
Pengrowth Energy Corporation $471.16 million 1.18 $501.02 million ($0.66) -1.53

Pengrowth Energy Corporation has higher revenue and earnings than EV Energy Partners, L.P.. Pengrowth Energy Corporation is trading at a lower price-to-earnings ratio than EV Energy Partners, L.P., indicating that it is currently the more affordable of the two stocks.

Summary

Pengrowth Energy Corporation beats EV Energy Partners, L.P. on 6 of the 10 factors compared between the two stocks.

EV Energy Partners, L.P. Company Profile

EV Energy Partners, L.P. is engaged in the acquisition, development and production of oil and natural gas properties and all of its operations are located in the United States. The Company’s oil and natural gas properties are located in the Appalachian Basin, which includes the Utica Shale; the San Juan Basin; Michigan; Central Texas, which includes the Austin Chalk area; the Mid-Continent areas in Oklahoma, Texas, Arkansas, Kansas and Louisiana; the Monroe Field in Northern Louisiana, and the Permian Basin. Its activities are concentrated in the Ohio and West Virginia areas of the Appalachian Basin. Its properties are located in Rio Arriba County, New Mexico and La Plata County in Colorado. It owns Eagle Ford oil and natural gas properties in Karnes County, including Eagle Ford and Austin Chalk reserves. It holds interest in approximately 9,150 acres in Karnes County. Its properties are located in the Antrim Shale reservoir in Otsego and Montmorency counties in northern Michigan.

Pengrowth Energy Corporation Company Profile

Pengrowth Energy Corporation is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia. The Lindbergh thermal property is located approximately 420 kilometers north east of Calgary, Alberta and 50 kilometers south of Bonnyville, Alberta. Its Greater Olds/Garrington area is located approximately 100 kilometers north of Calgary, Alberta. It has varied Working Interests within the Swan Hills area in all of the properties throughout this regional Beaverhill Lake resource base. These are both operated and non-operated, unit and non-unit properties in Judy Creek, Carson Creek, House Mountain, Deer Mountain, Swan Hills, South Swan Hills and Freeman. The properties are located approximately 200 kilometers northwest of Edmonton, Alberta. Its Groundbirch property is located approximately 40 kilometers south west of Fort St. John, British Columbia.

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