Devon Energy (DVN) Declines More Than Market: Some Information for Investors

Devon Energy (DVN) declined 1.2% to $46.04, underperforming the S&P 500's 0.25% loss. The stock has fallen 4.99% over the past month, lagging its sector. However, analysts expect strong earnings growth of 13.46% YoY and revenue growth of 67.52% for the upcoming quarter. The company holds a Zacks Rank #3 (Hold) with a Forward P/E of 8.84, trading at a slight discount to its industry average.