3. As of noon trading, Devon Energy ( DVN) is down $1.00 (-1.8%) to $55.42 on average volume Thus far, 1.6 million shares of Devon Energy exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $55.03-$56.27 after having opened the day at $56.19 as compared to the previous trading day's close of $56.42.

Devon Energy Corporation, an independent energy company, engages primarily in exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs). Devon Energy has a market cap of $22.9 billion and is part of the basic materials sector. Shares are up 8.4% 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 9 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 deteriorating net income, disappointing return on equity and poor profit margins. Get the full Devon Energy Ratings Report now.

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