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Devon Energy (DVN) Advances While Market Declines: Some Information for Investors
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In the latest trading session, Devon Energy (DVN - Free Report) closed at $49.48, marking a +2.66% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.49%. At the same time, the Dow lost 0.05%, and the tech-heavy Nasdaq lost 0.9%.
Heading into today, shares of the oil and gas exploration company had lost 6.44% over the past month, lagging the Oils-Energy sector's loss of 4.6% and the S&P 500's gain of 12.8%.
The upcoming earnings release of Devon Energy will be of great interest to investors. The company's earnings report is expected on May 5, 2026. The company is forecasted to report an EPS of $0.97, showcasing a 19.83% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $4.14 billion, down 6.93% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.18 per share and a revenue of $18.63 billion, representing changes of +32.14% and +8.37%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Devon Energy. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 14.33% increase. As of now, Devon Energy holds a Zacks Rank of #2 (Buy).
From a valuation perspective, Devon Energy is currently exchanging hands at a Forward P/E ratio of 9.31. This indicates a discount in contrast to its industry's Forward P/E of 10.85.
Meanwhile, DVN's PEG ratio is currently 0.83. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.95 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 8, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Devon Energy (DVN) Advances While Market Declines: Some Information for Investors
In the latest trading session, Devon Energy (DVN - Free Report) closed at $49.48, marking a +2.66% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.49%. At the same time, the Dow lost 0.05%, and the tech-heavy Nasdaq lost 0.9%.
Heading into today, shares of the oil and gas exploration company had lost 6.44% over the past month, lagging the Oils-Energy sector's loss of 4.6% and the S&P 500's gain of 12.8%.
The upcoming earnings release of Devon Energy will be of great interest to investors. The company's earnings report is expected on May 5, 2026. The company is forecasted to report an EPS of $0.97, showcasing a 19.83% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $4.14 billion, down 6.93% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.18 per share and a revenue of $18.63 billion, representing changes of +32.14% and +8.37%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Devon Energy. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 14.33% increase. As of now, Devon Energy holds a Zacks Rank of #2 (Buy).
From a valuation perspective, Devon Energy is currently exchanging hands at a Forward P/E ratio of 9.31. This indicates a discount in contrast to its industry's Forward P/E of 10.85.
Meanwhile, DVN's PEG ratio is currently 0.83. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.95 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 8, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.