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Devon Energy (DVN)

(Real Time Quote from BATS)

$46.03 USD

46.03
1,545,605

+0.38 (0.83%)

Updated Jun 20, 2024 11:36 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 26% (65 out of 249)

Industry: Oil and Gas - Exploration and Production - United States

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Zacks News

Devon Energy Corporation based in Oklahoma City is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company’s oil and gas operations are mainly concentrated in the onshore areas of North America, primarily in the United States. The company was founded in 1971. IIn June 2019, Devon completed the sale of substantially all oil and gas assets, as well as operations in Canada. In October 2020, the company completed the sale of Barnett Shale assets. In aggregate, estimated proved reserves associated with these assets were 400 MMBoe (million barrels of oil equivalent), accounting for 21% of total proved reserves.

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While higher y/y production aids Apache's (APA) Q1 results, lower commodity price realizations limit overall profits.

Williams (WMB) Lags on Q1 Earnings & Sales, Tweaks Guidance

Williams Companies (WMB) revises its adjusted EPS guidance for 2019 within 83 cents to $1.07 from the earlier projected range of 77 cents to $1.01.

WPX Energy (WPX) Q1 Earnings Beat Estimates, Revenues Miss

WPX Energy (WPX) records rise in oil production in the first quarter due to growth in Delaware Basin and Williston Basin volumes over the past 12 months.

Oceaneering (OII) Q1 Loss Narrower Than Expected, Sales Beat

Oceaneering International (OII) revises its 2019 EBITDA guidance to $150-$180 million, reflecting $10 million increase from the lower end of the prior forecast.

Concho (CXO) Misses on Q1 Earnings, Lifts Output Guidance

Concho Resources (CXO) now expects 2019 oil output to grow 27-31% y/y versus prior forecast of 26-30%.

Devon Energy (DVN) Q1 Earnings Beat Estimates, Guidance Up

Devon Energy's (DVN) Q1 earnings surpass estimates and total production gets a boost from strong contribution from the Delaware Basin.

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Devon Energy (DVN) Q1 Earnings Top Estimates

Devon Energy (DVN) delivered earnings and revenue surprises of 20.00% and -40.48%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

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    Key Factors to Impact Williams Companies' (WMB) Q1 Earnings

    In Q1, The Williams Companies (WMB) is expected to gain from additional volumes from the expansion projects around its core Transco pipeline system.

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    Key Factors to Impact Concho Resources' (CXO) Q1 Earnings

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    Will Alliance Resource (ARLP) Deliver a Beat in Q1 Earnings?

    Alliance Resource (ARLP) to benefit from positive market fundamentals in Q1 earnings.

    Is a Beat in Store for Devon Energy's (DVN) Q1 Earnings?

    Buoyed by strong production and cost-saving initiatives, Devon Energy (DVN) is likely to beat estimates when it reports first-quarter earnings on Apr 30.

    Factors to Consider Ahead of BP's Q1 Earnings Release

    Crude recovery through Q1 is likely to favor BP's upstream operations.

    Is Devon Energy (DVN) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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    5 Top-Ranked Stocks in S&P 500 ETF Up More Than 50%

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    Is a Beat in Store for Cabot (COG) This Earnings Season?

    In Q1, Cabot Oil & Gas (COG) is expected to gain from increase in natural gas sales and higher commodity price realization.

    Devon Energy (DVN) Reports Next Week: Wall Street Expects Earnings Growth

    Devon Energy (DVN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

    DVN or CLR: Which Is the Better Value Stock Right Now?

    DVN vs. CLR: Which Stock Is the Better Value Option?

    Will Devon Energy Continue to Surge Higher?

    As of late, it has definitely been a great time to be an investor in Devon Energy.

    Will NextEra Energy Partners (NEP) Post a Beat in Q1 Earnings?

    NextEra Energy Partners' (NEP) Q1 results to benefit from inorganic growth initiatives.

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    Oil ETFs Surge as Chevron Plans to Buy Anadarko

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    With Crude Around $65, It's Time to Buy These 5 Oil Stocks

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