Devon energy Corp is a leading natural gas and oil exploration production company. It is one of the larger processors of natural gas in North America. Its main objective is to explore natural gas and oil reserves.
Decon oil is the best priced oil and gas company in the sector. It is trading at
a low P/E multiple as compared to its competitor companies. Its forward P/E is
also trading at a discount over its peers whose average Forward P/E is 12.7. It
recently acquired Eagle Ford development assets at $6 billion which should
boost production and EPS in the coming months. Among the famous energy stocks, it is the least
expensive.
Devon stock is trading at $63.96 as of 26th March and is expected to
appreciate to $74 in the upcoming 12 month price forecast by analysts. The EPS
have been showing growth for the last 4 quarters with EPS of 4QFY13 announced
at $1.10. EPS for 1QFY14 is expected at $1.18. The stock has appreciated around
4% since the start of 2014.
The earnings have beaten estimates for the sixth consecutive quarter. Bidnessetc rates this company as a buy due to its undervaluation and growth prospects making it one of the most attractive natural gas stocks.
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