Stock Rating Downgrade
The Value Trend Rating for Devon Energy Corp (NYSE: DVN) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Devon Energy Corp (NYSE: DVN) stock declined by -2.7% on 2/21/25. The shares closed at $37.49. This decline was accompanied by normal trading volume. The stock has been extremely weak relative to the market over the last nine months but has risen 10.4% during the last week.
Current PriceTarget Research Rating
Devon Energy has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Devon Energy has a good Appreciation Score of 82 but a very low Power Rating of 4, leading to the Negative Value Trend Rating.
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