Devon Energy: (NYSE: DVN)

$58.79

0.56 (0.96%)

Volume 3,101,123

May 17 04:01 PM ET

Zacks Rank: 3-Hold

Zacks Rank	Definition	Annualized Return
#1	Strong Buy	26.6%
#2	Buy	18.71%
#3	Hold	10.12%
#4	Sell	4.32%
#5	Strong Sell	2.16%
S&P	500	9.93%

Detailed Estimates

Current Quarter Estimate	0.81
Next Quarter Estimate	0.99
Current Year Estimate	3.52
Next Year Estimate	4.98
Expected Earnings Growth	6.63%
Expected Sales Growth	-6.52%
Next Earnings Report Date	08-07-2013
EPS Last Quarter	0.56
Last Quarter EPS Surprise	17.86%
EPS (Trailing 12 Mos.)	2.87
PE (Forward)	16.71
ABR	2.04

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                                                                Zacks #1 Rank Strong Buys
                                                                
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                                                                        Zacks Rank
                                                                        Definition
                                                                        Annualized Return
                                                                    
                                                                        #1
                                                                        Strong Buy
                                                                        26.6%
                                                                    
                                                                        #2
                                                                        Buy
                                                                        18.71%
                                                                    
                                                                        #3
                                                                        Hold
                                                                        10.12%
                                                                    
                                                                        #4
                                                                        Sell
                                                                        4.32%
                                                                    
                                                                        #5
                                                                        Strong Sell
                                                                        2.16%
                                                                    
                                                                        S&P
                                                                        500
                                                                        9.93%
                                                                    
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		Top Peers
		Symbol
		Zacks Rank
	
		DEVON ENERGY
		DVN
		
		ABRAXAS PETE/NV
		AXAS
		
		EPL OIL&GAS INC
		EPL
		
		SANDRDG MS T II
		SDR
		
		ENCANA CORP
		ECA
		
		ENDEAVOR INTL
		END
		
		EXCO RESOURCES
		XCO
		
		MCMORAN EXPLOR
		MMR
		
		OASIS PETROLEUM
		OAS
		
		PETROQUEST ENGY
		PQ
		
                                  See all OIL-US EXP&PROD Peers
                                
Turn Earnings Surprises into quick profits.

Top Peers	Symbol	Zacks Rank
DEVON ENERGY	DVN
ABRAXAS PETE/NV	AXAS
EPL OIL&GAS INC	EPL
SANDRDG MS T II	SDR
ENCANA CORP	ECA
ENDEAVOR INTL	END
EXCO RESOURCES	XCO
MCMORAN EXPLOR	MMR
OASIS PETROLEUM	OAS
PETROQUEST ENGY	PQ

            Earnings Growth Estimates
         
		DVN
		IND
		S&P
	
		Current Qtr (06/2013)
		47.18
		NA
		NA
	
		Next Qtr (09/2013)
		13.01
		NA
		NA
	
		Current Year (12/2012)
		7.90
		4.00
		11.40
	
		Next Year (12/2013)
		41.70
		18.40
		6.50
	
		Past 5 Years
		-15.30
		-9.50
		5.70
	
		Next 5 Years
		6.60
		16.30
		NA
	
		PE
		16.60
		14.60
		15.30
	
		PEG Ratio
		2.52
		0.90
		NA
	
            Detailed Earnings Estimates
         
		Current Qtr 
 (06/2013)
		Next Qtr 
 (09/2013)
		Current Year 
 (12/2013)
		Next Year 
 (12/2014)
	
		Zacks Consensus Estimate
		0.81
		0.99
		3.52
		4.98
	
		# of Estimates
		19
		18
		22
		22
	
		Most Recent Consensus
		0.89
		0.91
		3.48
		5.09
	
		High Estimate
		1.21
		1.31
		4.02
		6.67
	
		Low Estimate
		0.38
		0.70
		2.53
		3.80
	
		Year ago EPS
		0.55
		0.88
		3.26
		3.52
	
		Year over Year Growth Est.
		47.18%
		13.01%
		7.91%
		41.67%
	
            Agreement - Estimate Revisions
       
		Current Qtr 
(06/2013)
		Next Qtr  
(09/2013)
		Current Year 
 (12/2013)
		Next Year 
   (12/2014)
	
		Up Last 7 Days
		1
		1
		1
		0
	
		Up Last 30 Days
		6
		4
		5
		6
	
		Up Last 60 Days
		9
		8
		8
		5
	
		Down Last 7 Days
		0
		0
		0
		1
	
		Down Last 30 Days
		3
		6
		8
		5
	
		Down Last 60 Days
		1
		1
		5
		7
	
            Magnitude - Consensus Estimate Trend
       
		Current Qtr 
 (06/2013)
		Next Qtr 
 (09/2013)
		Current Year 
 (12/2013)
		Next Year 
 (12/2014)
	
		Current
		0.81
		0.99
		3.52
		4.98
	
		7 Days Ago
		0.81
		0.99
		3.51
		4.98
	
		30 Days Ago
		0.79
		1.02
		3.54
		5.07
	
		60 Days Ago
		0.71
		0.93
		3.44
		5.28
	
		90 Days Ago
		0.84
		0.99
		3.90
		4.92
	
            Upside - Most Accurate Estimate versus Zacks Consensus
         
		Current Qtr 
 (06/2013)
		Next Qtr 
 (09/2013)
		Current Year 
 (12/2013)
		Next Year 
 (12/2014)
	
		Most Accurate Estimate
		0.84
		0.99
		3.52
		4.91
	
		Zacks Consensus Estimate
		0.81
		0.99
		3.52
		4.98
	
		Earnings ESP 
		3.70%
		0.00%
		0.00%
		-1.41%
	
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus. This % difference = the expected surprise prediction.

            Surprise - Reported Earnings History
         
		Quarter Ending 
 (03/2013)
		Quarter Ending 
 (12/2012)
		Quarter Ending 
 (09/2012)
		Quarter Ending 
 (06/2012)
		Average Surprise
	
		Reported
		0.66
		0.78
		0.88
		0.55
		NA
	
		Estimate
		0.56
		0.76
		0.68
		0.81
		NA
	
		Difference
		0.10
		0.02
		0.20
		-0.26
		0.02
	
		Surprise
		17.86%
		2.63%
		29.41%
		-32.10%
		4.45%
	
        Earnings Transcript for DVN from 11/07/2012
        
                                Quarterly Estimates by Analyst
                            
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                                Annual Estimates by Analyst
                            
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Devon Energy: (NYSE: DVN)

$58.79

0.56 (0.96%)

Volume 3,101,123

May 17 04:01 PM ET

Premium research

Zacks Rank Short-Term: 1-3 Months

Zacks #1 Rank Strong Buys

Zacks Recommendation Long-Term: 6+ Months

All Outperform Rated Stocks

Zacks Industry Rank

Equity Research Report

Premium research: Industry Analysis

See all OIL-US EXP&PROD Peers

Earnings Growth Estimates

Detailed Earnings Estimates

Agreement - Estimate Revisions

Magnitude - Consensus Estimate Trend

Upside - Most Accurate Estimate versus Zacks Consensus

Surprise - Reported Earnings History

Quarterly Estimates by Analyst

Annual Estimates by Analyst

	DVN	IND	S&P
Current Qtr (06/2013)	47.18	NA	NA
Next Qtr (09/2013)	13.01	NA	NA
Current Year (12/2012)	7.90	4.00	11.40
Next Year (12/2013)	41.70	18.40	6.50
Past 5 Years	-15.30	-9.50	5.70
Next 5 Years	6.60	16.30	NA
PE	16.60	14.60	15.30
PEG Ratio	2.52	0.90	NA

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Zacks Consensus Estimate	0.81	0.99	3.52	4.98
# of Estimates	19	18	22	22
Most Recent Consensus	0.89	0.91	3.48	5.09
High Estimate	1.21	1.31	4.02	6.67
Low Estimate	0.38	0.70	2.53	3.80
Year ago EPS	0.55	0.88	3.26	3.52
Year over Year Growth Est.	47.18%	13.01%	7.91%	41.67%

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Up Last 7 Days	1	1	1	0
Up Last 30 Days	6	4	5	6
Up Last 60 Days	9	8	8	5
Down Last 7 Days	0	0	0	1
Down Last 30 Days	3	6	8	5
Down Last 60 Days	1	1	5	7

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Current	0.81	0.99	3.52	4.98
7 Days Ago	0.81	0.99	3.51	4.98
30 Days Ago	0.79	1.02	3.54	5.07
60 Days Ago	0.71	0.93	3.44	5.28
90 Days Ago	0.84	0.99	3.90	4.92

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Most Accurate Estimate	0.84	0.99	3.52	4.91
Zacks Consensus Estimate	0.81	0.99	3.52	4.98
Earnings ESP	3.70%	0.00%	0.00%	-1.41%

	Quarter Ending (03/2013)	Quarter Ending (12/2012)	Quarter Ending (09/2012)	Quarter Ending (06/2012)	Average Surprise
Reported	0.66	0.78	0.88	0.55	NA
Estimate	0.56	0.76	0.68	0.81	NA
Difference	0.10	0.02	0.20	-0.26	0.02
Surprise	17.86%	2.63%	29.41%	-32.10%	4.45%