Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Devon Energy fell $1.51 (-2.1%) to $70.40 on average volume. Throughout the day, 4,190,311 shares of Devon Energy exchanged hands as compared to its average daily volume of 3,466,500 shares. The stock ranged in price between $70.31-$71.75 after having opened the day at $71.49 as compared to the previous trading day's close of $71.91. Other companies within the Energy industry that declined today were:
), down 11.9%,
), down 7.2%,
), down 7.1% and
), down 6.9%.
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Devon Energy Corporation, an independent energy company, is engaged primarily in the exploration, development, and production of oil, natural gas, and natural gas liquids. Devon Energy has a market cap of $29.1 billion and is part of the basic materials sector. Shares are up 16.2% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Devon Energy a buy, no analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.
- You can view the full Devon Energy Ratings Report.
On the positive front,
), up 30.6%,
Eagle Rock Energy Partners
), up 8.7%,
), up 6.4% and
), up 5.5% , were all gainers within the energy industry with
) being today's featured energy industry leader.
- Use our energy section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider
) while those bearish on the energy industry could consider
- Find other investment ideas from our top rated ETFs lists.