Stock Pulse
Devon Energy (DVN) experienced mixed performance in recent weeks. Despite Q1 stock gains driven by strong Q4 2024 earnings, record oil production, and positive 2025 projections [5], DVN's stock has declined by roughly 18% over the past month, underperforming the S&P 500 and its industry [1], [3]. Analysts have lowered earnings estimates for the upcoming quarters and fiscal years [1], [2], contributing to a Zacks Rank #3 (Hold) [1], [2], [3], [4]. However, revenue projections remain positive [1], [3], and DVN's low valuation metrics and consistent earnings beats suggest potential undervaluation [2], [3], [7], [9]. New tariffs pose a risk to the oil and gas industry, impacting DVN's short-term outlook [8], but the company's low production costs and positive ESP point to continued profitability and potential earnings surprises [4], [5], [6]. A director retirement was also announced [12].