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.

A number of analysts gave price targets for DVN. The most optimistic price target was 76, implying potential capital gains of 128.85 percent. The lowest price target was 28, which equates to a potential downside 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. This can be compared with the average change in earnings estimates over the past 3 months, which is -25 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -11.91 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -16.04 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 3 analysts increased their quarterly estimates, 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.

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. Investors like to see smaller values for the PEG ratio, 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. DVN has a PEG ratio of 0.32.

In the last 52-weeks, DVN has achieved a high of 50.69 and a low of 28.79. The current market price is above the trailing year's low by 15.35 percent, 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 market cap of DVN is $17.6 billion. DVN's next earnings release will be on 0000-00-00, which is days away.