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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Devon Energy (DVN)
Devon Energy Corporation based in Oklahoma City is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company’s oil and gas operations are mainly concentrated in the onshore areas of North America, primarily in the United States. The company was founded in 1971.
DVN is a Zacks Rank #2 (Buy) stock, with a Momentum Style Score of A and VGM Score of B. Shares are up 8.2% over the past one week and up 4.3% over the past four weeks. DVN has lost 14.6% in the last one-year period as well. Looking at trading volume, an average of 8,784,756 shares exchanged hands over the last 20 trading days.
A company's earnings performance is important for momentum investors as well. For fiscal 2025, seven analysts revised their earnings estimate higher in the last 60 days for DVN, while the Zacks Consensus Estimate has increased $0.11 to $4.88 per share. DVN also boasts an average earnings surprise of 8.6%.
DVN should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Devon Energy Corporation (DVN) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).