Why Devon Energy Is Ready to Rebound
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, natural gas and oil producer has earned a coveted five-star ranking.
With that in mind, let's take a closer look at Devon and see what CAPS investors are saying about the stock right now.
Devon facts
Headquarters (founded) | Oklahoma City (1971) |
Market Cap | $23.8 billion |
Industry | Oil and gas exploration and production |
Trailing-12-Month Revenue | $8.8 billion |
Management | CEO John Richels (since 2010) CFO Jeffrey Agosta (since 2010) |
Return on Equity (average, past 3 years) | 3.4% |
Cash/Debt | $6.5 billion / $12.2 billion |
Dividend Yield | 1.5% |
Competitors | Chesapeake Energy Encana EOG Resources |
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 97% of the 2,225 members who have rated Devon believe the stock will outperform the S&P 500 going forward.
Just yesterday, one of those Fools, TMFrank, highlighted Devon as a bargain opportunity worth looking into: "Fairly cheap on a [price-to-book value] basis and a great balance sheet. Add in the potential for a continued rebound in Nat Gas prices, which would provide a decent catalyst, and this is good enough for a [CAPS] pick."
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The article Why Devon Energy Is Ready to Rebound originally appeared on Fool.com.
Motley Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool owns shares of Devon Energy and has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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