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.
Several price targets were given for DVN by the analysts covering the stock. The maximum price target given was 76, which equates to a potential upside of 128.85 percent. The minimum price target given was 28, implying a possible loss of -15.69 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. Meanwhile, fiscal year estimates have been revised downwards by -11.91 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -16.04 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 8 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 11 analysts decreased their estimates.
Analysts estimate earnings of DVN to grow at a rate of 190.35 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. 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. Today's price is 15.35 percent above the 52-week low, and below the high by 34.48 percent. 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 will post this quarters earnings in days, on 0000-00-00.