Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Devon Energy (DVN) , which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry.This oil and gas exploration company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 6.54%.For the last reported quar ...

Toronto, Ontario--(Newsfile Corp. - Le 24 janvier/January 2025) - The common shares of Danavation Technologies Corp. will be delisted from the CSE at market close today, January 24, 2025. Danavation Technologies Corp. is currently suspended. See Bulletin 2024-0706. _________________________________ Les actions ordinaires de Danavation Technologies Corp. seront radiées du CSE à la clôture du marché aujourd'hui, le 24 janvier 2025. Danavation Technologies Corp. est actuellement suspendue. Voir le Bul ...

Devon Energy (DVN) closed the latest trading day at $37.18, indicating a +1.12% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.12% for the day. Meanwhile, the Dow gained 0.52%, and the Nasdaq, a tech-heavy index, lost 0.23%.Shares of the oil and gas exploration company have appreciated by 12.83% over the course of the past month, outperforming the Oils-Energy sector's loss of 8.42% and the S&P 500's loss of 3.45%.Market participants will be closely follo ...

Devon Energy Corporation’s (DVN) shares have gained 12.8% in a month, outperforming the Zacks Oil & Gas- Exploration and Production- United States industry’s return of 9.7% and the broader Zacks Oil and Energy sector’s decline of 6.5%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The competitive oil and gas industry and fluctuating oil and gas prices are posing challenges to the company.While the one-month performance paints a positive picture for investors, looking at the last on ...

OKLAHOMA CITY, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced key updates to its executive leadership team. The company promoted John Raines to the position of Senior Vice President, E&P Asset Management and Trey Lowe to the position of Senior Vice President and Chief Technology Officer. “Both John and Trey have consistently demonstrated exceptional leadership and a deep commitment to Devon and the achievement of our goals,” said Clay Gaspar, Devon’s incoming CEO. “We ...

With an almost 28% decline in 2024, Devon Energy (DVN 2.39%) is a stock that fell out of favor with the market. The sell-off has arguably been overdone, as the price of oil spent much of last year trading with a $70 per barrel handle and trades at almost $75 per barrel at the time of this writing. Meanwhile, Devon Energy strengthened its business through 2024, and the stock is now looking like a great value. Here are three reasons why.A good value oil and gas stockDevon's $5 billion deal to acquire Grayson ...

Devon Energy Performance - Devon Energy shares experienced a 23% decline in value last year, primarily due to falling energy prices [1] - The company has been expanding its operations in the Williston Basin by acquiring new acreage [1] Portfolio Focus - The portfolio is concentrated on high-risk, high-reward opportunities, particularly in the technology sector [1] - Key holdings include Bitcoin, Tesla, Google, Amazon, and Nvidia, reflecting a focus on companies with asymmetric long-term upside potential [1] Analyst Position - The analyst holds a beneficial long position in Devon Energy (DVN) and ExxonMobil (XOM) through stock ownership, options, or other derivatives [2]

In the latest market close, Devon Energy (DVN) reached $35.15, with a +1.33% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.06%.Prior to today's trading, shares of the oil and gas exploration company had lost 0.12% over the past month. This has was narrower than the Oils-Energy sector's loss of 10.75% and the S&P 500's loss of 2.8% in that time.The investme ...

Stock Performance - Devon Energy's stock returned -0.1% over the past month, outperforming the Zacks S&P 500 composite's -2.8% change [2] - The Zacks Oil and Gas - Exploration and Production - United States industry gained 3% over the same period [2] Earnings Estimates - Current quarter earnings estimate is $0.97 per share, a year-over-year change of -31.2% [5] - Current fiscal year earnings estimate is $4.80, a year-over-year change of -15.9% [5] - Next fiscal year earnings estimate is $4.77, a year-over-year change of -0.6% [6] - Zacks Consensus Estimate for current quarter changed -4.2% over last 30 days [5] - Current fiscal year estimate changed -2% over last 30 days [5] - Next fiscal year estimate changed -2.1% over last month [6] Revenue Estimates - Current quarter sales estimate is $4.21 billion, a year-over-year change of +1.7% [9] - Current fiscal year sales estimate is $15.75 billion, a year-over-year change of +3.2% [9] - Next fiscal year sales estimate is $16.83 billion, a year-over-year change of +6.9% [9] Recent Performance - Last reported revenues were $4.02 billion, a year-over-year change of +4.9% [11] - Last reported EPS was $1.10, compared to $1.65 a year ago [11] - Reported revenues represented a +7.2% surprise compared to Zacks Consensus Estimate of $3.75 billion [11] - EPS surprise was +3.77% [11] - Company beat consensus EPS estimates in each of trailing four quarters [11] - Company topped consensus revenue estimates three times over trailing four quarters [11] Valuation - Devon Energy is graded A on Zacks Value Style Score, indicating it is trading at a discount to peers [15] - Valuation metrics include price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) [13] Analyst Rating - Devon Energy is rated Zacks Rank 3 (Hold) [7] - Rating based on recent changes in consensus estimate and other earnings-related factors [7]

Industry Overview - The entire energy sector experienced a challenging December, with the upstream segment being particularly affected [1] Company Analysis - Devon Energy (NYSE: DVN) presents a potentially favorable investment opportunity despite the sector's recent difficulties [1] Analyst Background - The analysis is conducted by a Licensed Professional Engineer with expertise in the Nuclear Power industry, utilizing professional knowledge to evaluate long-term investment opportunities in the energy sector [2] - The analyst focuses on income-producing equities and rental real estate properties for cash flow and long-term appreciation [2]