Devon Energy (DVN) closed the most recent trading day at $32.97, moving -1.41% from the previous trading session. This change lagged the S&P 500's daily gain of 0.79%. Meanwhile, the Dow experienced a rise of 1.01%, and the technology-dominated Nasdaq saw an increase of 1.15%.
Prior to today's trading, shares of the oil and gas exploration company had lost 6.49% lagged the Oils-Energy sector's loss of 0.47% and the S&P 500's gain of 1.27%.
The upcoming earnings release of Devon Energy will be of great interest to investors. The company's earnings report is expected on November 5, 2025. The company's earnings per share (EPS) are projected to be $0.94, reflecting a 14.55% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.13 billion, up 2.55% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.94 per share and revenue of $17.05 billion. These totals would mark changes of -18.26% and +6.98%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Devon Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.74% decrease. Devon Energy is currently a Zacks Rank #3 (Hold).
Looking at valuation, Devon Energy is presently trading at a Forward P/E ratio of 8.49. This indicates a discount in contrast to its industry's Forward P/E of 10.62.
We can additionally observe that DVN currently boasts a PEG ratio of 2.59. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 1.96 as trading concluded yesterday.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 206, this industry ranks in the bottom 17% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Devon Energy Corporation (DVN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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