Analyst Ratings for Devon Energy Corp. (DVN)

Updated: 2017-07-29

Analysts covering Devon Energy Corp. (NYSE:DVN) have given it a consensus rating of Overweight. Last month, DVN received an average rating of Overweight.

33 analysts issued ratings on the stock, where 20 gave DVN a buy rating, 2 issued an overweight rating, 11 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 4 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

DVN was given price targets by several analysts. The maximum price target given was 76, which equates to a potential upside of 128.85 percent. The lowest price target was 28, which equates to a potential downside of -15.69 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -11.98 percent. That number becomes -25 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -11.91 percent. If we look at the last 90 days instead, we find a net average change of -16.04 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 3 analysts increased their quarterly estimates, while 8 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 11 analysts made negative revisions to their fiscal year's estimates.

The growth rate of DVN's earnings is estimated by analysts to be 190.35 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of DVN is 0.32.

DVN has traded between a high of 50.69 and a low of 28.79 over the past year. Currently the stock is 15.35 percent higher than its low, and 34.48 percent below the high. DVN has a price/earnings ratio of 60.16. Investors typically compare the P/E ratio to a company's peers in the industry. The DVN value stock report compares DVN to some of its peers using value stock charts. The stock has a market capitalization of $17.6 billion. DVN is estimated to release their earnings results for the quarter on 0000-00-00, days from today.