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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Devon Energy ( DVN) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole was unchanged today. By the end of trading, Devon Energy rose $1.40 (2.4%) to $59.50 on heavy volume. Throughout the day, 6.5 million shares of Devon Energy exchanged hands as compared to its average daily volume of 3.4 million shares. The stock ranged in a price between $58.23-$60.38 after having opened the day at $58.30 as compared to the previous trading day's close of $58.10. Other companies within the Energy industry that increased today were: Gasco Energy ( GSX), up 22.3%, Hornbeck Offshore Services ( HOS), up 12.6%, GeoGlobal Resources ( GGR), up 10.8%, and Gastar Exploration ( GST), up 10.3%.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $23.53 billion and is part of the basic materials sector. The company has a P/E ratio of 34.2, above the S&P 500 P/E ratio of 17.7. Shares are up 11.6% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Devon Energy a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Devon Energy as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.

On the negative front, ZaZa Energy ( ZAZA), down 6.9%, Quicksilver Resources ( KWK), down 6.1%, Eni SpA ( E), down 5%, and BreitBurn Energy Partners ( BBEP), down 4.9%, were all laggards within the energy industry with Total ( TOT) 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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