| Can Devon Energy (DVN) Run Higher on Strong Earnings Estimate Revisions? | |
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Devon Energy Corporation DVN is an Oil Exploration & Production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on DVN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Devon Energy could be a solid choice for investors.
Current Quarter Estimates for DVN
In the past 30 days, 6 estimates have gone higher for Devon Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 71 cents a share 30 days ago, to 80 cents today, a move of 12.7%.
Current Year Estimates for DVN
Meanwhile, Devon Energy’s current year figures are also looking quite promising, with 9 estimates moving higher in the past month, compared to no lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from $2.16 per share 30 days ago to $2.46 per share today, an increase of 13.9%.
Bottom Line
The stock has also started to move higher lately, adding 5.0% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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Devon Energy Corporation
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CODE : DVN |
ISIN : US25179M1036 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Devon Energy est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Devon Energy détient divers projets d'exploration au Canada. Son principal projet en exploration est JACKFISH OIL SANDS PROJECT au Canada. Devon Energy est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 27,1 milliards US$ (23,8 milliards €). La valeur de son action a atteint son plus bas niveau récent le 18 août 1995 à 10,00 US$, et son plus haut niveau récent le 22 février 2008 à 99,19 US$. Devon Energy possède 525 000 000 actions en circulation. |