Oklahoma City-based Devon Energy Corporation is valued at $20.1 billion and explores, develops, and produces oil, natural gas, and natural gas liquids. The company will announce its fiscal third-quarter earnings on Nov. 5. Analysts expect DVN to report a profit of $0.92 per share, down 16.4% from the year-ago quarter.

For the full year, analysts predict DVN will report EPS of $3.98, down 17.4% from fiscal 2024, but an expected rise to $4.09 in fiscal 2026. However, DVN stock has underperformed the S&P 500 Index and the Energy Select Sector SPDR Fund over the past 52 weeks.

After the Q2 results, DVN shares closed up more than 1% with adjusted EPS of $0.84 beating Wall Street expectations. Analysts have a reasonably bullish consensus on DVN stock, with an average price target of $45.15, indicating a potential upside of 41.4% from current levels.

Read more at Yahoo Finance: What to Expect From Devon Energy’s Report