Posted 3/26/2024, 9:45:21 PM
Devon Energy Stock Dips Despite Strong Monthly Gains; Q4 Earnings Expected to Decline Though Valuation Remains Lower Than Sector
- Devon Energy (DVN) stock dropped 0.53% despite broader market only falling 0.28%-0.42%
- DVN shares up 11.91% over past month, outpacing sector and market
- DVN expected to report lower Q4 EPS of $1.11, down 23.97% year-over-year
- Revenue also projected to decline 6.26% to $3.58 billion
- DVN trades at Forward P/E of 10.15, a discount to industry average of 11.11