Devon Energy: Pre-Earnings Wall Street Ratings
As of July 25, 2017, 64.7% of the analysts covering Devon Energy (DVN) have given the stock a “strong buy” or “buy” recommendation.
As of July 25, 2017, Devon Energy (DVN) had an implied volatility of ~33.6%, which is lower than its implied volatility of ~33.9% on May 18, 2017.
As of June 30, 2017, Devon Energy’s (DVN) total shares shorted (or short interest) stood at ~10.4 million, whereas its average daily volume was ~5.9 million.
Devon Energy (DVN) announced its 1Q17 earnings on May 2, 2017. Revenues of $3.6 billion were higher than the Wall Street analyst consensus of $2.9 billion.
In the last four quarters, Devon Energy (DVN) hasn’t missed the consensus EPS (earnings per share) estimate. It beat the estimate in 2Q16 with the highest margin.
According to Wall Street analyst estimates, Devon Energy (DVN) is expected to report a year-over-year higher cash flow of ~$615.0 million in 2Q17.
For 2Q17, Devon Energy (DVN) expects total production of 519.0–540.0 Mboepd (thousand barrels of oil equivalent per day).
For 2Q17, Wall Street analysts expect Devon Energy (DVN) to report revenues of $3.3 billion.
Devon Energy (DVN) is set to report its 2Q17 earnings on August 1, 2017, after the market closes. The current consensus net income estimate for 2Q17 is $169.0 million.
Following FTI’s 2Q17 earnings release, approximately 50% of analysts tracking TechnipFMC rated it a “buy” or some equivalent.
Since January 17, 2017, TechnipFMC’s stock price has decreased 22% through July 26.
FTI’s Subsea segment’s 2Q17 operating income decreased ~10% over 2Q16.
TechnipFMC (FTI) released its 2Q17 financial results on July 26. FTI recorded total revenues of ~$3.8 billion in 2Q17, up 62% from ~$2.4 billion recorded in 2Q16.
NRG Energy (NRG) has a price target of $28.30 compared to its current market price of $25.01. This implies an estimated gain of 13.2%.
NRG Energy (NRG) has the highest implied volatility among the S&P 500 Utilities Index (XLU).
Short interest in NRG Energy stock fell 4% on July 14, 2017.
With $8.0 billion of market capitalization, NRG Energy (NRG) is the smallest constituent of the S&P 500 Utilities Index (XLU).
New Jersey–based NRG Energy (NRG) is set to report its 2Q17 financial results on August 3, 2017. Analysts expect NRG to report a loss of $0.09 per share for the quarter.
On July 25, 2017, the short interest as a percentage of float, or short interest ratio, in Continental Resources (CLR) stock was ~23%.
Continental Resources’ (CLR) 2Q17 production is expected to range between 220 Mboepd and 225 Mboepd (thousand barrels of oil equivalent per day).