Devon Energy Corp (NYSE: DVN)

ALERT – NEW EARNINGS REPORT

New Earnings Report

Devon Energy Corporation (NYSE: DVN) has reported E.P.S. of $-1.08 for its second fiscal quarter (ending June 30) versus $0.41 for the same period a year ago — a decline of -363%. This performance was $-1.45 short of the consensus estimate of $0.37. E.P.S. were $-0.84 for the latest four quarters through June 30 versus $3.51 for the same period a year ago — a decline of -124%.

Recent Price Action

Devon Energy Corporation (NYSE: DVN) stock declined slightly by -0.1% on 7/31/18. The stock closed at $45.01. Trading volume in this decline was normal. Relative to the market the stock has been strong over the last nine months and has risen 1.8% during the last week.

Current PriceTarget Research Rating

DVN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Devon Energy has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Devon Energy has a neutral Appreciation Score of 55 and a slightly positive Power Rating of 67, leading to the High Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.