Devon Energy(DVN) ZACKS·2025-01-09 00:11Group 1: Company Performance - Devon Energy (DVN) closed at 0.97, indicating a 31.21% decrease from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $4.21 billion, representing a 1.67% increase from the previous year [2] Group 3: Analyst Forecasts and Valuation - Recent revisions to analyst forecasts for Devon Energy are important as they reflect changing business trends, with positive revisions indicating optimism about the company's outlook [3] - The Zacks Rank system, which incorporates estimate changes, currently ranks Devon Energy at 3 (Hold), with a 1.99% decrease in the consensus EPS estimate over the last 30 days [5] - Devon Energy has a Forward P/E ratio of 7.27, which is lower than the industry average of 9.93, indicating a valuation discount [6] Group 4: Industry Context - Devon Energy's PEG ratio stands at 1.1, compared to the industry average PEG ratio of 1.21, suggesting a favorable valuation relative to expected earnings growth [7] - The Oil and Gas - Exploration and Production - United States industry, which includes Devon Energy, has a Zacks Industry Rank of 155, placing it in the bottom 39% of over 250 industries [8]