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Devon Energy (DVN) Stock Declines While Market Improves: Some Information for Investors
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Devon Energy (DVN - Free Report) closed the most recent trading day at $32.35, moving -1.52% from the previous trading session. This change lagged the S&P 500's 0.14% gain on the day. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 0.38%.
Prior to today's trading, shares of the oil and gas exploration company had lost 4.2% lagged the Oils-Energy sector's loss of 0.85% and the S&P 500's gain of 5.35%.
Analysts and investors alike will be keeping a close eye on the performance of Devon Energy in its upcoming earnings disclosure. The company's earnings report is set to go public on August 5, 2025. It is anticipated that the company will report an EPS of $0.84, marking a 40.43% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.02 billion, reflecting a 2.7% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.08 per share and revenue of $16.84 billion, indicating changes of -15.35% and +5.66%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Devon Energy. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% lower. Devon Energy is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Devon Energy is currently trading at a Forward P/E ratio of 8.05. This denotes a discount relative to the industry average Forward P/E of 10.74.
It's also important to note that DVN currently trades at a PEG ratio of 2.35. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Oil and Gas - Exploration and Production - United States industry stood at 1.45 at the close of the market yesterday.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 158, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Devon Energy (DVN) Stock Declines While Market Improves: Some Information for Investors
Devon Energy (DVN - Free Report) closed the most recent trading day at $32.35, moving -1.52% from the previous trading session. This change lagged the S&P 500's 0.14% gain on the day. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 0.38%.
Prior to today's trading, shares of the oil and gas exploration company had lost 4.2% lagged the Oils-Energy sector's loss of 0.85% and the S&P 500's gain of 5.35%.
Analysts and investors alike will be keeping a close eye on the performance of Devon Energy in its upcoming earnings disclosure. The company's earnings report is set to go public on August 5, 2025. It is anticipated that the company will report an EPS of $0.84, marking a 40.43% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.02 billion, reflecting a 2.7% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.08 per share and revenue of $16.84 billion, indicating changes of -15.35% and +5.66%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Devon Energy. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% lower. Devon Energy is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Devon Energy is currently trading at a Forward P/E ratio of 8.05. This denotes a discount relative to the industry average Forward P/E of 10.74.
It's also important to note that DVN currently trades at a PEG ratio of 2.35. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Oil and Gas - Exploration and Production - United States industry stood at 1.45 at the close of the market yesterday.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 158, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.