Devon Energy Corp (DVN): Today's Featured Energy Laggard

Tickers in this article: DVN

Devon Energy (DVN) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Devon Energy fell $1.97 (-3.3%) to $57.15 on average volume. Throughout the day, 5.5 million shares of Devon Energy exchanged hands as compared to its average daily volume of 3.9 million shares. The stock ranged in price between $55.98-$58.95 after having opened the day at $58.17 as compared to the previous trading day's close of $59.12. Other company's within the Energy industry that declined today were: Gasco Energy (GSX), down 28.6%, Recovery Energy (RECV), down 17.9%, GeoMet (GMET), down 14.1%, and GeoPetro Resources Company (GPR), down 11.9%.

Devon Energy Corporation, an independent energy company, engages primarily in exploration, development, and production of oil, natural gas, and natural gas liquids. Devon Energy has a market cap of $23.94 billion and is part of the basic materials sector. The company has a P/E ratio of 11.3, above the average energy industry P/E ratio of 5.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 4.5% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Devon Energy a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates Devon Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and weak operating cash flow.

On the positive front, Constellation Energy Partners (CEP), up 9.4%, Pioneer Natural Resources Company (PXD), up 6.4%, Voyager Oil & Gas (VOG), up 6.2%, and Ocean Rig UDW (ORIG), up 5.7%, were all gainers within the energy industry with ConocoPhillips (COP) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR (XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas (DDG).

Tickers in this article: DVN