Stock Rating Downgrade
In the last week the Value Trend Rating for Devon Energy Corp (NYSE: DVN) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 9/20/19, Devon Energy Corp (NYSE: DVN) stock rose modestly by 0.6%, closing at $26.11. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 6.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, DVN is expected to continue to be a modest Value Builder.
Devon Energy has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Devon Energy has a good Appreciation Score of 71 but a very low Power Rating of 13, leading to the Negative Value Trend Rating.