Should you buy DVN stock before earnings?

30 October 2023, 10:16 AM

Re-Tweet
Share on LinkedIn

By Dmitry Pargamanik

DVN Shares Could Increase Ahead of Earnings

  • 10 out of the last 12 times, DVN stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.4% Gains
DVN is scheduled to report earnings on 7-Nov-2023. The last time Devon Energy reported earnings on Aug 01, 2023, the stock dropped by -7.3% to close at $48.76. At its current price of $46.55, DVN post earnings drift is -4.5%. Typically, traders tended to bid up DVN shares (heading into earnings) prior to its scheduled release.

DVN Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves DVN had for the last 12 quarters around earnings. The 1 week run up into earnings is notable as it shows that the stock increased 83% of the time for an average gain of 2.4%. That was actually a better bullish play than holding DVN through earnings that saw a -0.6% decline.

DVN historical stock price movement before earnings

Go to DVN Historical Price Movements Around Earnings page



Contact Information:


If you have feedback or concerns about the content, please feel free to reach out to us via email at support@marketchameleon.com.


About the Publisher - Marketchameleon.com:


Marketchameleon is a comprehensive financial research and analysis website specializing in stock and options markets. We leverage extensive data, models, and analytics to provide valuable insights into these markets. Our primary goal is to assist traders in identifying potential market developments and assessing potential risks and rewards.



NOTE: Stock and option trading involves risk that may not be suitable for all investors. Examples contained within this report are simulated and may have limitations. Average returns and occurrences are calculated from snapshots of market mid-point prices and were not actually executed, so they do not reflect actual trades, fees, or execution costs. This report is for informational purposes only, and is not intended to be a recommendation to buy or sell any security. Neither Market Chameleon nor any other party makes warranties regarding results from its usage. Past performance does not guarantee future results. Please consult a financial advisor before executing any trades. You can read more about option risks and characteristics at theocc.com.


The information is provided for informational purposes only and should not be construed as investment advice. All stock price information is provided and transmitted as received from independent third-party data sources. The Information should only be used as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments and trading strategies. The Company does not guarantee the accuracy, completeness or timeliness of the Information.