Devon Energy (DVN) Surpasses Market Returns: Some Facts Worth Knowing

Group 1: Stock Performance - Devon Energy (DVN) closed at $38.64, reflecting a +1.74% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.03% [1] - Over the last month, Devon Energy's shares increased by 4.92%, lagging behind the Oils-Energy sector's gain of 6.65% but surpassing the S&P 500's gain of 0.6% [1] Group 2: Upcoming Earnings - Devon Energy is set to announce its earnings on February 17, 2026, with projected earnings of $0.84 per share, indicating a year-over-year decline of 27.59% [2] - The consensus estimate forecasts revenue of $4.14 billion, representing a 6.04% decline compared to the same quarter of the previous year [2] Group 3: Full Year Projections - For the full year, Zacks Consensus Estimates project earnings of $3.93 per share and revenue of $17.2 billion, reflecting changes of -18.46% and 0%, respectively, from the prior year [3] - Recent modifications to analyst estimates for Devon Energy may indicate changing near-term business trends, with positive revisions suggesting analyst optimism [3][4] Group 4: Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Devon Energy at 4 (Sell), with a consensus EPS projection that has decreased by 9.88% in the past 30 days [5] - Historically, 1 ranked stocks have contributed an average annual return of +25% since 1988 [5] Group 5: Valuation Metrics - Devon Energy has a Forward P/E ratio of 11.29, which is lower than the industry average Forward P/E of 12.28 [6] - The company holds a PEG ratio of 3.44, which is in line with the industry average PEG ratio of 3.44 [6] Group 6: Industry Context - The Oil and Gas - Exploration and Production - United States industry, part of the Oils-Energy sector, currently ranks 241 in the Zacks Industry Rank, placing it in the bottom 2% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]