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

Devon Energy (DVN) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day up 0.8%. By the end of trading, Devon Energy rose 97 cents (1.6%) to $60.42 on average volume. Throughout the day, 3.6 million shares of Devon Energy exchanged hands as compared to its average daily volume of four million shares. The stock ranged in a price between $59.20-$61.21 after having opened the day at $59.37 as compared to the previous trading day's close of $59.45. Other companies within the Energy industry that increased today were: Syntroleum Corporation (SYNM), up 16.9%, Geokinetics (GOK), up 9.4%, Delek US Holdings (DK), up 8.8%, and Vantage Drilling (VTG), up 8.4%.

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 $23.89 billion and is part of the basic materials sector. The company has a P/E ratio of 9.9, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 4.7% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Devon Energy a buy, no analysts rate it a sell, and nine 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 largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself.

On the negative front, GeoGlobal Resources (GGR), down 15.7%, Alon USA Energy (ALJ), down 9.2%, Advantage Oil & Gas (AAV), down 8.2%, and Gasco Energy (GSX), down 7.2%, were all laggards within the energy industry with Marathon Petroleum (MPC) being today's energy industry laggard.

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).

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