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Devon Energy (DVN) Advances While Market Declines: Some Information for Investors
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Devon Energy (DVN - Free Report) ended the recent trading session at $44.88, demonstrating a +1.77% change from the preceding day's closing price. This change outpaced the S&P 500's 0.14% loss on the day. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.57%.
Shares of the oil and gas exploration company have appreciated by 1.64% over the course of the past month, underperforming the Oils-Energy sector's gain of 5.65%, and outperforming the S&P 500's gain of 0.25%.
Investors will be eagerly watching for the performance of Devon Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 4, 2026. It is anticipated that the company will report an EPS of $1.3, marking a 54.76% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.25 billion, up 45.92% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.61 per share and revenue of $24.23 billion, which would represent changes of +17.6% and +40.98%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Devon Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, there's been a 7.17% fall in the Zacks Consensus EPS estimate. Devon Energy is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Devon Energy's current valuation metrics, including its Forward P/E ratio of 9.56. This expresses a discount compared to the average Forward P/E of 10.03 of its industry.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 210, positioning it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Devon Energy (DVN) Advances While Market Declines: Some Information for Investors
Devon Energy (DVN - Free Report) ended the recent trading session at $44.88, demonstrating a +1.77% change from the preceding day's closing price. This change outpaced the S&P 500's 0.14% loss on the day. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.57%.
Shares of the oil and gas exploration company have appreciated by 1.64% over the course of the past month, underperforming the Oils-Energy sector's gain of 5.65%, and outperforming the S&P 500's gain of 0.25%.
Investors will be eagerly watching for the performance of Devon Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 4, 2026. It is anticipated that the company will report an EPS of $1.3, marking a 54.76% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.25 billion, up 45.92% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.61 per share and revenue of $24.23 billion, which would represent changes of +17.6% and +40.98%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Devon Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, there's been a 7.17% fall in the Zacks Consensus EPS estimate. Devon Energy is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Devon Energy's current valuation metrics, including its Forward P/E ratio of 9.56. This expresses a discount compared to the average Forward P/E of 10.03 of its industry.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 210, positioning it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.