Devon Energy(US:DVN) ZACKSยท2025-06-11 22:51Group 1: Company Performance - Devon Energy's stock closed at $34.47, reflecting a +2.99% increase, outperforming the S&P 500's -0.27% loss on the same day [1] - The company is expected to report an EPS of $0.84, indicating a 40.43% decline year-over-year, while revenue is projected at $4.02 billion, a 2.66% increase from the same quarter last year [2] - For the full year, earnings are anticipated to be $3.94 per share and revenue $16.68 billion, representing changes of -18.26% and +4.67% respectively from the previous year [3] Group 2: Analyst Estimates and Rankings - Recent changes in analyst estimates for Devon Energy are crucial as they reflect the evolving business landscape, with positive revisions indicating confidence in performance [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Devon Energy at 3 (Hold), with a recent 8.09% decrease in the EPS estimate over the last 30 days [6] - The Zacks Rank has a strong historical performance, with 1 ranked stocks yielding an average annual return of +25% since 1988 [6] Group 3: Valuation Metrics - Devon Energy has a Forward P/E ratio of 8.5, which is lower than the industry average Forward P/E of 10.86, indicating a valuation discount [7] - The company also has a PEG ratio of 2.48, aligning with the industry average PEG ratio of 2.48, which considers expected earnings growth [7] Group 4: Industry Context - The Oil and Gas - Exploration and Production - United States industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 171, placing it in the bottom 31% of over 250 industries [8] - The Zacks Industry Rank evaluates industry strength based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [8]