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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) ended the recent trading session at $34.32, demonstrating a -2.83% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.39%.
Prior to today's trading, shares of the oil and gas exploration company had gained 0.68% outpaced the Oils-Energy sector's gain of 0.54% and lagged the S&P 500's gain of 3.94%.
The investment community will be closely monitoring the performance of Devon Energy in its forthcoming earnings report. The company is scheduled to release its earnings on November 5, 2025. The company is predicted to post an EPS of $0.96, indicating a 12.73% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.17 billion, up 3.7% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.05 per share and a revenue of $17.1 billion, representing changes of -15.98% and +7.29%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Devon Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.52% lower within the past month. Currently, Devon Energy is carrying a Zacks Rank of #3 (Hold).
Investors should also note Devon Energy's current valuation metrics, including its Forward P/E ratio of 8.72. This indicates a discount in contrast to its industry's Forward P/E of 11.11.
One should further note that DVN currently holds a PEG ratio of 2.05. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.79 as trading concluded 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 203, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Devon Energy (DVN) Stock Declines While Market Improves: Some Information for Investors
Devon Energy (DVN - Free Report) ended the recent trading session at $34.32, demonstrating a -2.83% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.39%.
Prior to today's trading, shares of the oil and gas exploration company had gained 0.68% outpaced the Oils-Energy sector's gain of 0.54% and lagged the S&P 500's gain of 3.94%.
The investment community will be closely monitoring the performance of Devon Energy in its forthcoming earnings report. The company is scheduled to release its earnings on November 5, 2025. The company is predicted to post an EPS of $0.96, indicating a 12.73% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.17 billion, up 3.7% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.05 per share and a revenue of $17.1 billion, representing changes of -15.98% and +7.29%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Devon Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.52% lower within the past month. Currently, Devon Energy is carrying a Zacks Rank of #3 (Hold).
Investors should also note Devon Energy's current valuation metrics, including its Forward P/E ratio of 8.72. This indicates a discount in contrast to its industry's Forward P/E of 11.11.
One should further note that DVN currently holds a PEG ratio of 2.05. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.79 as trading concluded 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 203, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.