Devon Energy Corp (NYSE:DVN)‘s stock had its “positive” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Thursday, Analyst Ratings Network reports. Devon Energy Corp (NYSE:DVN) shares after opening at $68.40 moved to $69.58 on last trade day and at the end of the day closed at $68.51. Company price to sales ratio in past twelve months was calculated as 2.70 and price to cash ratio as 4.60. Devon Energy Corp (NYSE:DVN) showed a positive weekly performance of 5.91%.
Comstock Resources Inc (NYSE:CRK) is an intriguing stock that comes across as in interesting play. The reason for this is that the stock reveals decent price momentum while earnings estimate revisions have also gone up, thus suggesting growing wave of optimism around the stock. For the current quarter, the past 30 days have seen two positive earnings revisions in the stock against one negative revision. As a result, the consensus earnings estimate has jumped 300 percent to 4 cents per share from 1 cent 30 days ago. The story about earnings revision is the same for the current year where five positive revisions have been noted against no negative revision. Thus, consensus earnings estimate for the current year has gone up to 45 cents per share (up 55.2 percent) from 29 cents in the past 30 days. With the stock price moving up modestly in the past four weeks and consensus earnings estimate adjusting upward, the bottom line is that investors may want to consider Comstock Resources Inc (NYSE:CRK). Comstock Resources Inc (NYSE:CRK) shares advanced 2.57% in last trading session and ended the day on $23.95. CRK return on equity ratio is recorded as 1.50% and its return on assets is 0.60%. Comstock Resources Inc (NYSE:CRK) yearly performance is 69.38%.
Suncor Energy Inc. (USA) (NYSE:SU) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Suncor Energy Inc. (USA) (NYSE:SU) shares moved up 0.03% in last trading session and was closed at $35.50, while trading in range of $35.28-$35.67. Suncor Energy Inc. (USA) (NYSE:SU) year to date performance is 1.92%.
Canadian Natural Resource Ltd (USA) (NYSE:CNQ) announces that the agreement relating to the acquisition of Devon Canada’s Canadian conventional assets, excluding Horn River and the heavy oil properties, has been completed.Canadian Natural will immediately integrate the acquired properties into its ongoing operations. The acquired production, infrastructure and land add to Canadian Natural’s existing core areas providing synergies to more effectively and efficiently operate once fully integrated. Canadian Natural also welcomes the high caliber Devon staff to its teams.Canadian Natural Resource Ltd (USA) (NYSE:CNQ) weekly performance is 4.12%. On last trading day company shares ended up $39.45. Canadian Natural Resource Ltd (USA) (NYSE:CNQ) distance from 50-day simple moving average is 10.98%. Analysts mean target price for the company is $43.95.