Devon Energy Corp (DVN): Today's Featured Energy Winner

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.

On the negative front, SM Energy ( SM), down 17.1%, Saratoga Resources ( SARA), down 8.0%, Tenaris ( TS), down 6.8% and Global Geophysical Services ( GGS), down 6.5% , were all laggards within the energy industry with Kinder Morgan ( KMI) being today's energy industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

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