Devon Energy Corp Stock Hold Recommendation Reiterated (DVN)
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- Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Looking ahead, our view is that this company's fundamentals will not have much impact in either direction, allowing the stock to generally move up or down based on the push and pull of the broad market.
- Despite currently having a low debt-to-equity ratio of 0.48, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Despite the fact that DVN's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.63 is high and demonstrates strong liquidity.
- The gross profit margin for DEVON ENERGY CORP is rather high; currently it is at 67.90%. Regardless of DVN's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, DVN's net profit margin of 18.60% compares favorably to the industry average.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 82.6% when compared to the same quarter one year ago, falling from $2,743.00 million to $477.00 million.
- Net operating cash flow has declined marginally to $1,426.00 million or 8.00% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, DEVON ENERGY CORP has marginally lower results.
--Written by a member of TheStreet Ratings Staff. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free Download Now
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