Devon Energy Stock Hits New 52-Week Low (DVN)

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.

NEW YORK ( TheStreet) -- Devon Energy (NYSE: DVN) hit a new 52-week low Friday as it is currently trading at $51.41, below its previous 52-week low of $51.49 with 275,199 shares traded as of 9:47 a.m. ET. Average volume has been 3.2 million shares over the past 30 days.

Devon Energy has a market cap of $21.21 billion and is part of the basic materials sector and energy industry. Shares are down 15.7% year to date as of the close of trading on Thursday.

Devon Energy Corporation, an independent energy company, engages primarily in exploration, development, and production of oil, natural gas, and natural gas liquids. The company has a P/E ratio of 30.8, above the S&P 500 P/E ratio of 17.7.

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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. You can view the full Devon Energy Ratings Report.

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