Devon Energy Corporation (DVN) is a large-cap independent energy company with a market cap of $23.7 billion. Despite trading 3.6% below its 52-week high, DVN has gained 7.8% over the past three months, outperforming the Dow Jones Industrial Average. The company delivered better-than-expected Q3 earnings, with total revenue increasing 7.6% year-over-year to $4.3 billion. Analysts are moderately optimistic about DVN’s prospects, with a consensus rating of “Moderate Buy” and a mean price target of $46.07, suggesting a 23% premium to its current price levels. DVN has been trading above its 200-day and 50-day moving averages since early November.

Read more at Barchart: Is Devon Energy Stock Outperforming the Dow?