Alert: Rating Downgrade (9/20/19)-Devon Energy Corp (NYSE: DVN).

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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.

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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.

About John Lafferty 57444 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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