Devon Energy (DVN) ended the recent trading session at $45.25, demonstrating a -4.27% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.18%. Elsewhere, the Dow saw an upswing of 0.66%, while the tech-heavy Nasdaq appreciated by 1.96%.
The oil and gas exploration company's shares have seen an increase of 1.33% over the last month, not keeping up with the Oils-Energy sector's gain of 2.34% and the S&P 500's gain of 3.93%.
Market participants will be closely following the financial results of Devon Energy in its upcoming release. The company plans to announce its earnings on May 5, 2026. The company's upcoming EPS is projected at $1.04, signifying a 14.05% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.19 billion, indicating a 5.94% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.6 per share and revenue of $17.76 billion, which would represent changes of +17.35% and +3.31%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Devon Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 44.55% higher. Devon Energy is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Devon Energy is currently being traded at a Forward P/E ratio of 10.27. For comparison, its industry has an average Forward P/E of 11.7, which means Devon Energy is trading at a discount to the group.
It is also worth noting that DVN currently has a PEG ratio of 0.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 1.01 at yesterday's closing price.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 29, finds itself in the top 12% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Devon Energy Corporation (DVN): Free Stock Analysis Report
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