Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried- ...

PM Images While shares of Devon Energy (NYSE:DVN) are up 105.48% over the past 5-years, its share price is significantly lower than its 2022 highs. Since October of 2022, shares of DVN have lost -40.40% of their value after falling from $71.79 to $42.49. Over the past year, shares have tried to rebound as they made it back into the mid $50s, but since April, shares of DVN have been stuck in a downward spiral as they retraced by more than 22%. I think there is an opportunity here as DVN is trading at less th ...

The United States' switch from fossil fuels to green energy has been a hot-button issue for years. However, how fast those changes are implemented will depend on the government's policies. In the U.S., the future of energy policy has proven to be quite divisive. As such, the upcoming election could see a major shift in the U.S. energy policy. Trump has promised to roll back most green policies enacted under Biden. Meanwhile, the Democrats vow to push through major shifts in U.S. national policy. All of thes ...

Devon Energy Corporation (DVN) is expected to report an improvement in its top and bottom lines when it reports second-quarter 2024 results on Aug 6, after the market close. The Zacks Consensus Estimate for DVN's second-quarter revenues is pegged at $3.86 billion, indicating an 11.9% increase from the year-ago reported figure. The consensus estimate for earnings is pegged at $1.29 per share. The Zacks Consensus Estimate for DVN's second-quarter earnings has remained unchanged in the past 60 days. The estima ...

Investors will be eagerly watching for the performance of Devon Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 6, 2024. The company is forecasted to report an EPS of $1.29, showcasing a 9.32% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.86 billion, indicating a 11.88% increase compared to the same quarter of the previous year. The Oil and Gas - Exploration an ...

OKLAHOMA CITY, July 25, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN), a leading U.S. independent oil and natural gas producer, today announced the release of its 2024 Sustainability Report. The report highlights the company's efforts to deliver industry-leading results while being a good neighbor, valued community partner, responsible environmental steward and supportive employer. "Integrating sustainable business practices into our core strategy is not just beneficial—it's essential for our futur ...

Shares of the oil and gas exploration company witnessed a gain of 4.19% over the previous month, beating the performance of the Oils-Energy sector with its loss of 9.19% and the S&P 500's gain of 0.43%. It's also important for investors to be aware of any recent modifications to analyst estimates for Devon Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and ...

Oil prices are firmly set in bullish territory, with many analysts projecting an even more favorable pricing environment in the second half of the year compared with the first. This strong pricing outlook reinforces the attractiveness of the energy sector for investors looking to capitalize on the sustained bullishness in oil prices. Thus, companies like Matador Resources Company (MTDR) , SM Energy Company (SM) and Devon Energy (DVN) are well poised to gain. High Oil Price West Texas Intermediate (WTI) crud ...

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Ring Energy (REI) may be another strong Oil and Gas - Exploration and Production - United States stock to add to your shortlist. REI is a # 2 (Buy) stock with a Value grade of A. The proven Za ...

Prior to today's trading, shares of the oil and gas exploration company had gained 5% over the past month. This has outpaced the Oils-Energy sector's loss of 8% and the S&P 500's gain of 3.82% in that time. For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.35 per share and a revenue of $15.6 billion, signifying shifts of -6.3% and +2.24%, respectively, from the last year. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited ...