Economy

Hot Stock to Watch: Devon Energy Corporation (DVN)

Hot Stock to Watch: Devon Energy Corporation (DVN)

Devon Energy Corporation (DVN) has surged 3.85% and closed its last trading session at $38.53. 129.86 million shares or 1.53% more from 127.89 million shares in 2017Q1 were reported. Peak6 Invests Lp holds 0% in Devon Energy Corporation (NYSE:DVN) or 11,215 shares. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. On Monday, December 5 the stock rating was upgraded by JP Morgan to "Overweight". The Gluskin Sheff & Assoc Inc holds 9,040 shares with $289,000 value, down from 253,131 last quarter. Blackrock Inc now has $80.70B valuation.

According to 32 stock analysts, Devon Energy Corporation, is being kept at an average Outperform, rating, with at least 2.27% of shares outstanding that are now legally short sold. About 31,728 shares traded. Corix Bioscience, Inc. (OTCMKTS:CXBS) has 0.00% since December 2, 2016 and is. It has underperformed by 15.01% the S&P500.

Analysts await Acuity Brands, Inc. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Note, this compares with a consensus analyst forecast of 0.58 in earnings per share for its next fiscal quarterly report.

Among 20 analysts covering Acuity Brands Inc. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Therefore 55% are positive.

Devon Energy Corporation is an independent energy company. The rating was maintained by Deutsche Bank on Tuesday, March 29 with "Buy". Goldman Sachs downgraded Acuity Brands, Inc. (NYSE:AYI) rating on Friday, November 4. RBC Capital Markets maintained it with "Outperform" rating and $35 target in Thursday, February 18 report. Argus Research has "Buy" rating and $370.0 target. Credit Agricole initiated Acuity Brands, Inc. The stock of BlackRock, Inc. (NYSE:AYI) has "Neutral" rating given on Tuesday, April 11 by Guggenheim. The company was maintained on Wednesday, September 27 by Cowen & Co. The rating was upgraded by Stephens on Thursday, November 2 to "Overweight". Xilinx Inc (NASDAQ:XLNX) was raised too.

Investors sentiment increased to 1.08 in 2017 Q2. Its up 0.30, from 0.93 in 2017Q1. It fall, as 61 investors sold AYI shares while 138 reduced holdings. 95 funds opened positions while 320 raised stakes. First Manhattan Co accumulated 63,985 shares. Menta Cap Limited Com holds 9,700 shares or 0.04% of its portfolio. (NYSE:AYI) for 100,416 shares. Hl Financial Ltd Liability owns 11,234 shares for 0.01% of their portfolio. Reliance Communications Of Delaware reported 11,314 shares. Liberty Mutual Group Asset Mgmt reported 34,825 shares stake. Moreover, Johnson Counsel has 0.03% invested in BlackRock, Inc. Amf Pensionsforsakring holds 136,783 shares or 0.2% of its portfolio. 5,809,796 shares of the company's stock were exchanged, compared to its average volume of 4,776,627. New York-based 12 West Cap Management L P has invested 2.13% in Atlantic Power Corporation (NYSE:AT). Atlantic Tru Gru Limited Com reported 17,978 shares. Estabrook Capital Mgmt has 1,242 shares. Gabelli Funds Limited Liability Co owns 17,700 shares. Dubuque Natl Bank And Tru reported 440 shares. Assetmark reported 0% stake.

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Among 7 analysts covering AT&T (NYSE:AT), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive.

Devon Energy Corp (NYSE:DVN) last released its quarterly earnings results on Tuesday, May 2nd.

The stock is now showing YTD performance of -15.63 Percent. Finally, Royal Bank Of Canada set a $43.00 target price on Devon Energy and gave the stock a "buy" rating in a report on Friday, August 25th. The company was maintained on Friday, July 21 by Citigroup. The stock of Devon Energy Corporation (NYSE:DVN) has "Buy" rating given on Tuesday, January 26 by Citigroup. Zions Bancorporation now owns 6,747 shares of the energy company's stock valued at $308,000 after buying an additional 48 shares during the last quarter. The firm has "Hold" rating by Piper Jaffray given on Monday, July 17. The stock of Braskem S.A. (NYSE:BAK) earned "Buy" rating by Bank of America on Tuesday, May 24.

Investors sentiment increased to 1.82 in 2017 Q2. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.63 and a current ratio of 1.63.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Devon Energy by 3.0% in the second quarter. Caymus Capital Partners L.P. purchased a new position in shares of Devon Energy during the 2nd quarter worth about $16,164,000. State Street Corp boosted its stake in Devon Energy by 1.0% in the second quarter. Devon Energy Corp had a positive return on equity of 1.48% and a negative net margin of 69.59%. Following the completion of the sale, the director now directly owns 23,308 shares in the company, valued at approximately $913,207.44. Bessemer Group Inc accumulated 118,396 shares. 57,750 are owned by Teachers Retirement System Of The State Of Kentucky. More interesting news about Devon Energy Corporation (NYSE:DVN) were released by: Seekingalpha.com and their article: "Devon Energy Emerges Triumphant From Downturn" published on November 10, 2017 as well as Fool.com's news article titled: "Devon Energy Corp Shrugs Off Hurricane Harvey to Post Impressive Q3 Results" with publication date: November 01, 2017. Moreover, Baystate Wealth Mngmt has 0% invested in Devon Energy Corporation (NYSE:DVN) for 20 shares. Victory Capital Mgmt stated it has 4.58M shares or 0.34% of all its holdings. Marvin And Palmer Incorporated reported 10,218 shares. Shareholders of record on Thursday, March 15th will be given a $0.06 dividend. Pittenger And Anderson, a Nebraska-based fund reported 21,207 shares.

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