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 maximum price target given was 76, implying a possible profit of 128.85 percent. The minimum price target given 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -11.98 percent. 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. 3 analysts made positive revisions to their quarterly estimates over the past month, while 8 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 11 analysts that revised their FY estimates downwards.
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. A lower PEG ratio is favorable, 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, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of DVN is 0.32.
DVN has a 52-week high of 50.69 and a 52-week low of 28.79. The current market price is above the trailing year's low by 15.35 percent, and 34.48 percent lower than its 52-week high. DVN has a P/E 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 will post this quarters earnings in days, on 0000-00-00.