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Devon Energy (DVN) Suffers a Larger Drop Than the General Market: Key Insights
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Devon Energy (DVN - Free Report) ended the recent trading session at $33.76, demonstrating a -1.34% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.13%. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, added 0.15%.
The stock of oil and gas exploration company has risen by 4.81% in the past month, leading the Oils-Energy sector's gain of 4.18% and the S&P 500's gain of 3.39%.
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 August 5, 2025. The company is predicted to post an EPS of $0.82, indicating a 41.84% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.01 billion, up 2.46% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.14 per share and revenue of $16.9 billion, which would represent changes of -14.11% and +6.02%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Devon Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.44% higher. At present, Devon Energy boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Devon Energy has a Forward P/E ratio of 8.27 right now. This signifies a discount in comparison to the average Forward P/E of 11.62 for its industry.
Investors should also note that DVN has a PEG ratio of 1.94 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.72.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 172, placing it within the bottom 31% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Devon Energy (DVN) Suffers a Larger Drop Than the General Market: Key Insights
Devon Energy (DVN - Free Report) ended the recent trading session at $33.76, demonstrating a -1.34% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.13%. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, added 0.15%.
The stock of oil and gas exploration company has risen by 4.81% in the past month, leading the Oils-Energy sector's gain of 4.18% and the S&P 500's gain of 3.39%.
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 August 5, 2025. The company is predicted to post an EPS of $0.82, indicating a 41.84% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.01 billion, up 2.46% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.14 per share and revenue of $16.9 billion, which would represent changes of -14.11% and +6.02%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Devon Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.44% higher. At present, Devon Energy boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Devon Energy has a Forward P/E ratio of 8.27 right now. This signifies a discount in comparison to the average Forward P/E of 11.62 for its industry.
Investors should also note that DVN has a PEG ratio of 1.94 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.72.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 172, placing it within the bottom 31% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.