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Devon Energy (DVN)

(Real Time Quote from BATS)

$48.49 USD

48.49
4,039,168

+0.34 (0.71%)

Updated May 28, 2024 09:46 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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B Value B Growth D Momentum B 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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Bottom 41% (147 out of 250)

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.

The Zacks Analyst Blog Highlights: Concho Resources, Devon Energy, EQT, Apache and Cheniere Energy

by Zacks Equity Research

The Zacks Analyst Blog Highlights: Concho Resources, Devon Energy, EQT, Apache and Cheniere Energy

    WPX Energy (WPX) Q4 Loss Narrower Than Expected, Revenues Up

    by Zacks Equity Research

    WPX Energy (WPX) continues to benefit from its focus on oil and improvement in commodity prices.

      Devon's (DVN) Q4 Earnings Lag Estimates, Expands Reserves

      by Zacks Equity Research

      Devon Energy (DVN) expands its proved reserves in 2017 by 5% through successful drilling initiatives.

        Enbridge (ENB) Beats Earnings & Revenue Estimates in Q4

        by Zacks Equity Research

        Enbridge's (ENB) fourth-quarter 2017 results gain from higher liquid delivery volumes from the Canadian Mainline and Wood Buffalo Extension Pipeline.

          Enbridge Energy Partners (EEP) Earnings Beat Estimates in Q4

          by Zacks Equity Research

          Enbridge Energy's (EEP) fourth-quarter 2017 earnings gain from higher income from the Bakken assets.

            EQT Corp (EQT) Beats Earnings and Revenues Estimates in Q4

            by Zacks Equity Research

            EQT's fourth-quarter 2017 results gain from higher production sales volume as well as increased realizations.

              Will Devon's (DVN) Q4 Earnings Gain From Higher Prices?

              by Zacks Equity Research

              Devon Energy's (DVN) results anticipated to benefit from improving production and higher realized prices in the fourth quarter of 2017.

                Cimarex Energy (XEC) Beats Q4 Earnings and Revenue Estimates

                by Zacks Equity Research

                Cimarex Energy's (XEC) fourth-quarter 2017 results benefit from increased production and higher oil and liquids price realizations.

                  Phillips 66 Repurchases 35M Shares From Berkshire Hathaway

                  by Zacks Equity Research

                  Phillips 66's (PSX) share repurchase is expected to benefit shareholders and be a driving factor for valuation.

                    Diamond Offshore (DO) Reports Loss in Q4, Revenues Beat

                    by Zacks Equity Research

                    Diamond Offshore's (DO) fourth-quarter 2017 results hurt by lower dayrates and rig utilization from deepwater floaters, mid-water floaters and jackups.

                      Southwestern Energy Updates 2017 Reserve, Issues 2018 View

                      by Zacks Equity Research

                      Southwestern Energy's (SWN) reserves in 2017 increase from 2016 levels. The company projects investment of $1.15-$1.25 billion for 2018.

                        Anadarko (APC) Tops Q4 Earnings Estimates, Issues Guidance

                        by Zacks Equity Research

                        Anadarko Petroleum's (APC) earnings and total revenues were higher than expectations in fourth quarter primarily due to strong contribution from oil sales.

                          Statoil (STO) Q4 Earnings Beat Estimates, Revenues Up Y/Y

                          by Zacks Equity Research

                          Statoil's (STO) fourth-quarter 2017 results benefit from higher equity and entitlement production along with increased realized liquids prices.

                            Pioneer Natural (PXD) Q4 Earnings Beat, Reserves Increase

                            by Zacks Equity Research

                            Pioneer Natural's (PXD) fourth-quarter 2017 results driven by higher oil and liquids price realizations and production along with Spraberry/Wolfcamp horizontal drilling program.

                              Statoil (STO) Hires West Hercules Rig for Drilling Operations

                              by Zacks Equity Research

                              Statoil's (STO) efforts to improve recovery of resources in major hydrocarbon-producing regions in the world look impressive.

                                Eni (E), Qatar Petroleum Win Rights to Block 24 in Mexico

                                by Zacks Equity Research

                                The latest award of Block 24 is likely to bolster Eni's (E) position in core areas with considerable operational synergies in Mexico.

                                  National Oilwell (NOV) Posts Q4 Loss as Estimated, Sales Top

                                  by Zacks Equity Research

                                  Wellbore Technologies segment's performance drives National Oilwell's (NOV) Q4 results.

                                    Can Devon Energy (DVN) Run Higher on Strong Earnings Estimate Revisions?

                                    by Zacks Equity Research

                                    Devon Energy (DVN) could be an interesting play for investors as it is seeing solid activity on the earnings estimate revision, along with decent short-term momentum.

                                      Cabot (COG) to Offload Eagle Ford Assets for $765 Million

                                      by Zacks Equity Research

                                      The streamlining of the portfolio is in sync with Cabot's (COG) aim to increase its focus on Marcellus shale which generates solid returns for the company.

                                        Carrizo to Vend Non-Core Eagle Ford Assets for $245 Million

                                        by Zacks Equity Research

                                        In a bid to shore up its balance sheet Carrizo (CRZO) decides to divest another non-core asset.

                                          Devon (DVN) Gains From Cost Savings and Oil Production

                                          by Zacks Equity Research

                                          Devon Energy (DVN) is poised to benefit from solid oil production of domestic oil plays and ongoing asset divestitures. However, competitive nature of the industry continues to remain a headwind.

                                            Devon Energy (DVN) in Focus: Stock Moves 5.9% Higher

                                            by Zacks Equity Research

                                            Devon Energy (DVN) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

                                              WPX Energy (WPX) Q3 Loss Narrower Than Expected, '17 View Up

                                              by Zacks Equity Research

                                              WPX Energy's (WPX) loss in the third quarter is lower than expected due to the gains from its focus on oil assets.

                                                Devon (DVN) Beats Q3 Earnings Estimates, Issues Guidance

                                                by Zacks Equity Research

                                                Devon Energy's (DVN) third-quarter earnings surpass estimates and its strong U.S. production might help it deliver 30% year-over-year-growth in current-year's total production.

                                                  Anadarko's (APC) Q3 Loss Wider Than Expected, Revenues Beat

                                                  by Zacks Equity Research

                                                  Anadarko Petroleum's (APC) loss was wider than expected in third quarter and contribution from its natural gas sales was lower due to divestiture of assets.