Devon Energy Corp (DVN): Today's Featured Basic Materials 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 Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.1%. By the end of trading, Devon Energy rose $0.72 (1.4%) to $53.43 on heavy volume. Throughout the day, 5,492,080 shares of Devon Energy exchanged hands as compared to its average daily volume of 3,296,000 shares. The stock ranged in a price between $52.78-$53.55 after having opened the day at $53.20 as compared to the previous trading day's close of $52.71. Other companies within the Basic Materials sector that increased today were: Silver Bull Resources ( SVBL), up 17.8%, United States Antimony Corporation ( UAMY), up 17.0%, New Concept Energy ( GBR), up 16.8% and Andatee China Marine Fuel Services Corporat ( AMCF), up 16.7%.
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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 $22.0 billion and is part of the energy industry. Shares are up 1.3% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Devon Energy a buy, no analysts rate it a sell, and 12 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 weak operating cash flow.

On the negative front, Prospect Global Resources ( PGRX), down 69.4%, Lake Shore Gold ( LSG), down 31.8%, Brigus Gold ( BRD), down 21.1% and Pacific Booker Minerals ( PBM), down 13.6% , were all laggards within the basic materials sector with Marathon Petroleum ( MPC) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

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