Devon Energy Corporation (NYSE:DVN)went up 1.74% during trading on the US exchange where it had a trading capacity of 4.37M shares. The company’s shares were closed at $40.96 . The stock has an operating margin of -30.70% and a net profit margin of -32.10% This appreciation has taken its price 77.86% above the 52-week low. The stock hit 1-yearhigh at $50.63 and a low of $23.03 in the same period.

Devon Energy Corporation (NYSE:DVN) Earnings Recap & Outlook

Devon Energy Corporation (NYSE:DVN) last announced results for quarter ended on 31 Dec 2016, disclosing EPS of $0.25 The reported earnings per share topped the analyst’s consensus by $0.04 with the percentage difference between estimated and actual earnings arriving at 19.00%. Price changes resulting from an earnings surprise can be felt immediately. Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. The mean revenue estimate for the current fiscal period ending March 2017 is $3.05B by 9 brokerage firms. The average revenue estimate for the year ending December 2017 is $12.79B by 13 analysts.

Devon Energy Corporation (NYSE:DVN) Flood of Opinions

Devon Energy Corporation (NYSE:DVN) right now sits at consensus rating of 2.10 while 19 analysts have advocated the shares as ‘BUY’, 8 calls it an ‘OUTPERFORM’ and 12 suggest ‘HOLD’. The mean PT for this stock is at $54.03 while the max. level suggested by the brokerage firms is $70.00 and min. PT is $40.00. The mean PT is calculated considering the consensus of 34 analysts.

Caterpillar Inc. (NYSE:CAT) went up 0.36% during trading on the US exchange when it had traded 4.35M shares. The company’s shares were closed at 92.64. The stock has a quick ratio of 0.90 and a current ratio of 1.20. This appreciation has taken its price 37.81% above the 52-week low. The stock hit 1-yearhigh at $99.46 and a low of $67.23 in the same period.

Caterpillar Inc. (NYSE:CAT) Analyst’s Consensus Price Estimates

It is widely believed that the more practical proxy for the market’s expectations is analyst’s consensus price estimates. The mean PT for this stock is at $92.95 while the max. level suggested by the brokerage firms is $120.00 and min. PT is $31.00. The mean PT is calculated considering the consensus of 21 analysts. CAT right now sits at consensus rating of 2.80 while 7 analysts have advocated the shares as ‘BUY’, 2 calls it an ‘OUTPERFORM’ and 13 suggest ‘HOLD’.

Caterpillar Inc. (NYSE:CAT): Past & Future Earnings

The mean revenue estimate for the current fiscal period ending March 2017 is $9.11B by 12 brokerage firms. The average revenue estimate for the year ending December 2017 is $37.88B by 16 analysts. Wall Street is forward looking. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm. In a similar way, Caterpillar Inc. (NYSE:CAT) last announced results for quarter ended on 31 Dec 2016, disclosing EPS of $0.83. The reported earnings per share topped the analyst’s consensus by $0.17 with the percentage difference between estimated and actual earnings arriving at 25.80%.