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.Devon Energy ( DVN) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 0.5%. By the end of trading, Devon Energy rose $1.34 (2.1%) to $64.25 on heavy volume. Throughout the day, 9,560,832 shares of Devon Energy exchanged hands as compared to its average daily volume of 3,391,000 shares. The stock ranged in a price between $63.31-$65.64 after having opened the day at $64.01 as compared to the previous trading day's close of $62.91. Other companies within the Energy industry that increased today were: Nabors Industries ( NBR), up 13.3%, China Petroleum & Chemical Corporation ( SNP), up 8.4%, U.S. Energy ( USEG), up 7.0% and Blackhawk Network Holdings ( HAWK), up 6.9%.
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 $25.2 billion and is part of the basic materials sector. Shares are up 0.3% year to date as of the close of trading on Tuesday. Currently there are 9 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. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.