Devon Energy Corp (NYSE: DVN) has reported E.P.S. of $1.31 for its third fiscal quarter (ending September 30) versus $1.43 for the same period a year ago — a decline of -8%. For the latest four quarters through September 30, E.P.S. were $5.41 compared to $5.89 a year ago — a decline of -8%.
Recent Price Action
On 11/5/24, Devon Energy Corp (NYSE: DVN) stock rose modestly by 0.5%, closing at $39.34. Moreover, this advance was accompanied by unusually high trading volume at 152% of normal. The stock has risen 1.9% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, DVN is expected to continue to be a major Value Builder.
Devon Energy has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Devon Energy has a good Appreciation Score of 79 but a poor Power Rating of 15, and the Low Neutral Value Trend Rating results.
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.
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