Devon Energy (DVN)
Posted: Fri Dec 16, 2016 9:44 am
Comments below from Zacks:
One stock that might be an intriguing choice for investors right now is Devon Energy Corporation DVN. This is because this security in the Oil and Gas - Exploration and Production - United States space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil and Gas - Exploration and Production - United States space as it currently has a Zacks Industry Rank of 67 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Devon Energyis actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
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You should all take the time to read our recent profile on Devon. 2016 was a year of big changes for this Elite Eight company. I think it has a lot of upside for us in 2017 because they are going to ramp up production big time in the Oklahoma STACK play. - Dan
One stock that might be an intriguing choice for investors right now is Devon Energy Corporation DVN. This is because this security in the Oil and Gas - Exploration and Production - United States space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil and Gas - Exploration and Production - United States space as it currently has a Zacks Industry Rank of 67 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Devon Energyis actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
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You should all take the time to read our recent profile on Devon. 2016 was a year of big changes for this Elite Eight company. I think it has a lot of upside for us in 2017 because they are going to ramp up production big time in the Oklahoma STACK play. - Dan