|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||42.39 - 43.03|
|52 Week Range||28.79 - 47.82|
|PE Ratio (TTM)||14.58|
|Forward Dividend & Yield||0.24 (0.56%)|
|1y Target Est||N/A|
Alan Valdes, director of floor operations at Silverbear Capital, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest in the markets.
Devon Energy shows rising price performance, earning an upgrade to its IBD Relative Strength Rating
An explosion at a major oil pipeline in Libya was one reason for the spike in oil prices, but we’re also seeing geopolitical tensions rising in Iran where there are now ongoing protests and significant political unrest. The protests are not having a direct effect on oil production, but they seem to be making oil investors a bit more fearful. It also appears that the Organization of the Petroleum Exporting Countries (OPEC) is really trying to be disciplined and maintain its production cuts because Saudi Arabia desperately needs oil prices to go higher.
Devon Energy (DVN) could be an interesting play for investors as it is seeing solid activity on the earnings estimate revision, along with decent short-term momentum.