Is Devon Energy Corp (DVN) a Sell? The Stock Formed Multiple Bottom

Devon Energy Corporation

Its down 0.40, from 1.75 in 2017Q1. Guinness Atkinson Asset Mngmt holds 33,600 shares or 0.7% of its portfolio. 74 funds opened positions while 243 raised stakes. The energy company reported $0.41 EPS for the quarter, beating the Zacks' consensus estimate of $0.40 by $0.01. Piedmont Advsrs Ltd Liability Corp accumulated 13,025 shares. Ingalls Snyder Ltd Liability Corporation owns 46,846 shares. Roanoke Asset Corp New York has 41,119 shares. Capital One National Association holds 10,866 shares or 0.03% of its portfolio.

Investors are a little more bearish on Devon Energy Corporation if you consider the change in short interest. Rockefeller Svcs invested in 0.01% or 16,549 shares. Ing Groep Nv holds 0.1% or 200,000 shares in its portfolio. Jefferies Group also issued estimates for Devon Energy Corporation's Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $1.62 EPS, Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.68 EPS, Q4 2018 earnings at $0.71 EPS, FY2018 earnings at $2.41 EPS and FY2019 earnings at $3.27 EPS. It also upped Schwab Charles Corp New (NYSE:SCHW) stake by 3.71 million shares and now owns 18.57 million shares. During last 3 month period, 0.01% of total institutional ownership has changed in the company shares. Investec Asset Management LTD grew its position in Devon Energy Corporation by 6.5% during the first quarter. Jefferies Group LLC restated a "hold" rating and issued a $38.00 price target on shares of Devon Energy Corp in a research report on Wednesday, May 17th. Therefore 66% are positive. The stock is trading for about -28.82% less than its 52-week high.

It is now trading at $35.61 a tad above $34.14, the stock's 50 day moving average and just above the 200 day moving average of $34.81.

Analysts at Capital One Financial Corporation decreased their Q3 2017 earnings per share (EPS) estimates for shares of Devon Energy Corporation in a report issued on Tuesday. Howard Weil downgraded Devon Energy Corp (NYSE:DVN) on Friday, August 14 to "Sector Outperform" rating. As per Thursday, February 18, the company rating was maintained by Credit Suisse. The stock has "Positive" rating by Susquehanna on Tuesday, January 26. As per Monday, August 17, the company rating was maintained by Deutsche Bank. Jefferies upgraded the shares of UAA in report on Friday, March 24 to "Buy" rating. The firm has "Market Perform" rating by Bernstein given on Thursday, July 6. In this case performance of tends to percentage rate of return for a stock for a given time frame.

Bluestein R H & Company increased Devon Energy Corp (DVN) stake by 199.52% reported in 2017Q2 SEC filing. The company has a market capitalization of $18.72 billion, a price-to-earnings ratio of 8.06 and a beta of 2.21. The Company's divisions include U.S., Canada and EnLink. Private Asset Management Inc added to its stake by buying 14,875 shares an increase of 59.1%. (NYSE:AVT) stake by 232,451 shares to 516,792 valued at $20.09 million in 2017Q2. Siteone Landscape Supply Inc was raised too.

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A number of other equities research analysts have also recently commented on DVN. WP Carey & Co LLC had 13 analyst reports since August 5, 2015 according to SRatingsIntel. Conestoga Capital Advisors Llc sold 103,710 shares as Sps Comm Inc (SPSC)'s stock rose 6.69%. REIT (NYSE:WPC) earned "Underperform" rating by Evercore on Monday, June 12. Harris Associate Ltd Partnership, a Illinois-based fund reported 11.86M shares. Of the 32 analysts surveyed by Reuters that track DVN 9 of them rate its stock a hold. The stock has "Buy" rating by RBC Capital Markets on Tuesday, July 4. Needham maintained SPS Commerce, Inc. The firm has "Buy" rating given on Friday, September 1 by Stifel Nicolaus. The rating was maintained by Needham with "Buy" on Thursday, July 23. The rating was maintained by Ladenburg Thalmann with "Hold" on Friday, June 16.

Investors sentiment decreased to 1.35 in Q2 2017. Its down 0.41, from 1.29 in 2017Q1. The total value of its holdings increased 54.9%. 131 funds opened positions while 449 raised stakes. Bryn Mawr Trust owns 12,981 shares or 0.04% of their United States portfolio. Massachusetts Serv Ma has invested 0.03% in Apollo Global Management LLC (NYSE:APO). Bancshares Of Mellon Corporation accumulated 0.01% or 755,971 shares. Fjarde Ap holds 68,596 shares. Markel stated it has 950,200 shares. REIT (NYSE:WPC). Goldman Sachs Gru invested 0% in W.P. Carey Inc. New York-based Roanoke Asset Mngmt New York has invested 0.62% in Devon Energy Corp (NYSE:DVN). Lsv Asset Management has invested 0% in 3M Co (NYSE:MMM). Koch Industry Inc reported 0.11% stake. 70,950 were accumulated by Citigroup.

Analysts await SPS Commerce, Inc. After $2.58 actual EPS reported by 3M Co for the previous quarter, Wall Street now forecasts -15.50% negative EPS growth. They expect $0.45 earnings per share, up 400.00 % or $0.36 from last year's $0.09 per share. Accordingly, the company shows a 81.40% EPS growth for the subsequent year and computes the EPS growth for the past five years at -26.90% *.

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