Devon Energy (DVN) Stock Overview
Performance
Devon Energy has gained 4.5% over the last month, outperforming the S&P 500, which declined by 2%. The company is part of the Zacks Oil and Gas – Exploration and Production – United States industry, which has seen a modest gain of 4.7% during the same period.
Earnings and Revenue Growth
- Current Quarter: Expected earnings of $1.17 per share, up 12.5% from the previous year. The consensus estimate has risen by 3.3% in the last 30 days.
- Current Fiscal Year: Estimated earnings of $5.21, representing a 32.9% increase year-over-year, with a 4.3% upward revision over the last month.
- Next Fiscal Year: Earnings forecast of $5.04, reflecting a slight decline of 3.2%.
Sales Estimates
The consensus sales estimate for the current quarter stands at $6.91 billion, indicating a 59.6% increase year-over-year. Projections for the current and next fiscal year are $24.69 billion and $26.62 billion, suggesting growth rates of 43.6% and 7.8%, respectively.
Key Metrics
- Last Reported Quarter: Revenues of $7.42 billion (+73.1% YOY), exceeding expectations by 17.76%. EPS of $1.57, up from $0.84 a year prior.
- Surprise History: Devon Energy beat EPS estimates in the last four quarters and topped consensus revenue estimates thrice.
Valuation
Devon Energy has a Zacks Value Style Score of B, indicating it is trading at a discount compared to peers. This score helps assess if a stock is overvalued, rightly valued, or undervalued.
Conclusion
While Devon Energy’s stock rating is currently Zacks Rank #3 (Hold), suggesting likely market alignment in the near term, the underlying fundamentals present a compelling case for investors to monitor.
Additional Resources
For those interested in further insights or stock analyses, consider checking out Zacks Investment Research for additional reports and recommendations.
