Devon Energy Corporation (DVN Quick QuoteDVN - Free Report) primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on DVN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Devon Energy could be a solid choice for investors.

Current Quarter Estimates for DVN

In the past 30 days, three estimates have gone higher for Devon Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 58 cents a share 30 days ago, to 61 cents today, a move of 5.2%.

Current Year Estimates for DVN

Meanwhile, Devon Energy current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.77 per share 30 days ago to $1.79 per share today, an increase of 1.1%.

Devon Energy Corporation Price and Consensus