Devon Outperforms Industry in Three Months: Time to Buy the Stock?

Devon Energy Corporation’s (DVN) shares have gained 6.7% in the past three months, outperforming the Zacks Oil & Gas- Exploration and Production- United States industry’s decline of 21.4% and the broader Zacks Oil and Energy sector’s decline of 2%.While the three-month performance paints a positive picture for investors, looking at the past one-year performance is crucial for a fuller understanding. DVN’s stock has declined 26.7% in the past year, suggesting that it is on a gradual path to recovery. Another ...