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Devon Energy (DVN) Stock Falls Amid Market Uptick: What Investors Need to Know
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Devon Energy (DVN - Free Report) closed the most recent trading day at $49.87, moving -1.01% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.69%, while the tech-heavy Nasdaq added 1.05%.
Heading into today, shares of the oil and gas exploration company had gained 7.35% over the past month, outpacing the Oils-Energy sector's gain of 6.29% and the S&P 500's gain of 0.97%.
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 November 5, 2026. The company's upcoming EPS is projected at $1.22, signifying a 17.31% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.33 billion, showing a 69.25% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.4 per share and revenue of $26.02 billion, which would represent changes of +37.76% and +51.37%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Devon Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.33% upward. Devon Energy currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Devon Energy has a Forward P/E ratio of 9.34 right now. This signifies a discount in comparison to the average Forward P/E of 9.62 for its industry.
Investors should also note that DVN has a PEG ratio of 1.33 right now. 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 Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 0.87 at yesterday's closing price.
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 30, putting it in the top 13% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Devon Energy (DVN) Stock Falls Amid Market Uptick: What Investors Need to Know
Devon Energy (DVN - Free Report) closed the most recent trading day at $49.87, moving -1.01% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.69%, while the tech-heavy Nasdaq added 1.05%.
Heading into today, shares of the oil and gas exploration company had gained 7.35% over the past month, outpacing the Oils-Energy sector's gain of 6.29% and the S&P 500's gain of 0.97%.
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 November 5, 2026. The company's upcoming EPS is projected at $1.22, signifying a 17.31% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.33 billion, showing a 69.25% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.4 per share and revenue of $26.02 billion, which would represent changes of +37.76% and +51.37%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Devon Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.33% upward. Devon Energy currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Devon Energy has a Forward P/E ratio of 9.34 right now. This signifies a discount in comparison to the average Forward P/E of 9.62 for its industry.
Investors should also note that DVN has a PEG ratio of 1.33 right now. 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 Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 0.87 at yesterday's closing price.
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 30, putting it in the top 13% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.