Devon Energy Stock Slips Despite Market Gains as Q1 Earnings Expected to Show Declines
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Devon Energy (DVN) stock fell 1.38% despite market gains as upcoming earnings are expected to show an 8.43% drop in EPS and 8.02% revenue decline.
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DVN stock has risen 3.39% over the past month but trails the S&P 500's 5.28% gain over the same period.
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DVN has a Zacks Rank of #3 (Hold) and trades at a forward P/E of 7.98, representing a discount vs the industry average of 8.9.
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The oil and gas exploration industry currently ranks in the bottom 20% of Zacks industries, suggesting below average prospects.
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