Is There Any Upside to Devon Energy Corporation (NYSE:DVN), Time Warner Inc. (NYSE:TWX), Patterson-UTI Energy, Inc. (NASDAQ:PTEN)?

For the current quarter, analysts are expecting Devon Energy Corporation (NYSE:DVN) to report EPS of $0.4. This consensus estimate is provided by Zacks Research. After the period that ended on 2016-12-31, Devon Energy Corporation (NYSE:DVN) reported an EPS actual of $0.25. The difference between the actual and estimate resulted in a surprise factor of 31.58%. The company is expected to release their next earnings report on or around 2017-05-02. Interested parties will be watching to see how company results compare to what the Street was projecting for the fiscal period.

Shares of Devon Energy Corporation (NYSE:DVN) have a current ABR or average broker rating of 1.5. This consensus recommendation is also provided by Zacks Research. The recommendation falls on a scale between 1 and 5. A broker rating of 1 would translate into a Strong Buy. A rating of 5 would indicate a Strong Sell recommendation. This consensus broker rating may help shed some light on how the sell-side is currently viewing company stock.

Covering analysts often provide target price projections for company shares. The current Zacks consensus target price on shares of Devon Energy Corporation (NYSE:DVN) is $53.235. The top analyst target is $73, and the lowest target is $30 on the stock. Because of the different techniques used to gauge a company target price, estimates may be quite different from one analyst to another.

Wall Street sell-side research analysts covering Time Warner Inc. (NYSE:TWX) shares have recently provided various price target projections on where the stock might be going. According to them, the stock is expected to reach $104.583 on a consensus level within the next year, according to Zacks. The most bullish estimate sees the stock reaching $110 while the most conservative estimate stand at $82.

Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Time Warner Inc.. They give the company shares an ABR of 2.24. This is based on the 18 analysts taken into consideration by Zacks.

Earnings Estimates for Time Warner Inc. (NYSE:TWX)

Currently, Wall Street is projecting that the firm will post $1.44 earnings per share. This consensus number is also derived from Zacks. For the most recent period which ended on 2016-12-31, Time Warner Inc.'s EPS was reported as $1.25. This created a “surprise factor” 5.04% due to being $0.06 apart from what Wall Street predicted. When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report.

Investors will mark their calendars for 2017-05-03, the date when Time Warner Inc. (NYSE:TWX) are expected to release their quarterly results.

During the most recent trading session, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares traded -1.300%. Tracking the stock price in relation to moving averages may provide enhanced perspective on stock performance. After a recent look, the stock has been seen trading $-2.510 off of the 50-day moving average of $24.155 and $-4.015 separated from the 200-day moving average of $25.660. Taking a further look from a different perspective, the stock has been recently recorded -27.268% off of the 52-week high of 29.760 and +29.456% apart from the 52-week low of 16.720. Monitoring stock price activity relative to moving averages and the highs and lows for the past year might help with future stock price value assessment. 

Price Target in Focus

While monitoring stock technicals is important, most investors are more concerned with where the stock might be going now.  Equity research analysts have provided views on where they believe the stock will be trading in the future. According to Thomson Reuters, sell-side analysts are projecting a consensus target price of $30.420 on company shares. This is a near-term estimate for the next 12-18 months.

Currently, Patterson-UTI Energy, Inc. has a price to earnings ratio of N/A. Analysts and investors may also opt to evaluate a company's PEG or price to earnings growth ratio. The stock currently has a PEG Ratio of -1.700.

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