DEVON ENERGY CORP/DE
DEVON ENERGY CORP/DE (DVN) Stock News
The latest DVN headlines and market coverage — 4 recent stories, updated throughout the day.
- Zacks Investment Research·Neutral
Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock
Devon Energy (DVN) is trending among investors. The oil and gas exploration company has returned -2.2% over the past month, underperforming the S&P 500's +1.3% gain. Current quarter earnings are expected at $1.20 per share (+15.4% YoY), with full-year consensus estimates of $5.35 (+36.5% YoY). The company has consistently beaten earnings and revenue estimates in recent quarters. However, DVN received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the broader market. The stock trades at a valuation discount to peers with a B grade on the Value Style Score.
- Zacks Investment Research·Neutral
Devon Energy (DVN) Gains As Market Dips: What You Should Know
Devon Energy (DVN) closed up 2.17% to $48.92, outperforming the S&P 500's 0.47% decline. The company is forecasted to report Q3 2026 EPS of $1.2 (up 15.38% YoY) and revenue of $7.3 billion (up 68.53% YoY). Full-year estimates project $5.35 EPS and $25.96 billion revenue, representing 36.48% and 51.03% growth respectively. Devon Energy holds a Zacks Rank #3 (Hold) with a Forward P/E of 8.95, trading at a slight discount to its industry average.
- Zacks Investment Research·Neutral
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.
- The Motley Fool·
BP Walked Away From a Potential $4.5 Billion Bet on Devon Energy's Eagle Ford Shale. Here's What It Means for BP and DVN Stock.
BP has reportedly withdrawn from negotiations to purchase Devon Energy's Eagle Ford Shale assets, valued at approximately $4.5 billion. The decision comes as Devon faces pressure from activist investor TOMS Capital to divest assets or sell itself entirely. BP cited capital discipline concerns, likely due to uncertainty about global oil prices if the Iran conflict ends, causing Devon's stock to drop 3.6% on the news.