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 most optimistic analyst gave a price target of 76, which equates to a potential upside of 128.85 percent. The most pessimistic price target was 28, implying a possible loss of -15.69 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates downwards for this quarter, by about -11.98 percent on average, compared to last month. That number becomes -25 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -11.91 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -16.04 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 8 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 11 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of DVN to grow at a rate of 190.35 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. DVN has a PEG ratio of 0.32.

DVN has traded between a high of 50.69 and a low of 28.79 over the past year. Today's price is 15.35 percent above the 52-week 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 market cap of DVN is $17.6 billion. DVN is estimated to release their earnings results for the quarter on 0000-00-00, days from today.