$-0.56 EPS Expected for Gran Tierra Energy (GTE), Oceanic Investment Management LTD Has Lowered Devon Energy New (DVN) Position By $1.76 Million

July 11, 2017 - By Vivian Park

Oceanic Investment Management Ltd decreased Devon Energy Corp New (DVN) stake by 16.93% reported in 2016Q4 SEC filing. Oceanic Investment Management Ltd sold 39,000 shares as Devon Energy Corp New (DVN)’s stock declined 13.09%. The Oceanic Investment Management Ltd holds 191,400 shares with $8.74 million value, down from 230,400 last quarter. Devon Energy Corp New now has $16.15B valuation. The stock increased 2.69% or $0.8 on July 11, reaching $30.53. About 5.80M shares traded. Devon Energy Corp (NYSE:DVN) has risen 13.24% since July 11, 2016 and is uptrending. It has underperformed by 3.46% the S&P500.

Analysts expect Gran Tierra Energy Inc (NYSEMKT:GTE) to report $-0.56 EPS on August, 14.They anticipate $0.51 EPS change or 1,020.00% from last quarter’s $-0.05 EPS. After having $0.03 EPS previously, Gran Tierra Energy Inc’s analysts see -1,966.67% EPS growth. The stock decreased 3.15% or $0.07 on July 11, reaching $2.15. About 1.41M shares traded or 4.44% up from the average. Gran Tierra Energy Inc (NYSEMKT:GTE) has declined 7.89% since July 11, 2016 and is downtrending. It has underperformed by 24.59% the S&P500.

Analysts await Devon Energy Corp (NYSE:DVN) to report earnings on August, 1. They expect $0.44 earnings per share, up 633.33% or $0.38 from last year’s $0.06 per share. DVN’s profit will be $232.75M for 17.35 P/E if the $0.44 EPS becomes a reality. After $0.41 actual earnings per share reported by Devon Energy Corp for the previous quarter, Wall Street now forecasts 7.32% EPS growth.

Among 30 analysts covering Devon Energy Corporation (NYSE:DVN), 20 have Buy rating, 0 Sell and 10 Hold. Therefore 67% are positive. Devon Energy Corporation had 74 analyst reports since July 21, 2015 according to SRatingsIntel. Bernstein upgraded it to “Outperform” rating and $58 target in Thursday, October 1 report. As per Tuesday, March 8, the company rating was maintained by iBERIA Capital Partners. Johnson Rice upgraded the stock to “Accumulate” rating in Thursday, May 19 report. The firm earned “Hold” rating on Tuesday, January 17 by Jefferies. The firm has “Buy” rating given on Tuesday, January 26 by Citigroup. On Wednesday, April 27 the stock rating was initiated by Wunderlich with “Buy”. Evercore upgraded the shares of DVN in report on Friday, April 15 to “Buy” rating. The firm has “Buy” rating given on Monday, April 3 by Credit Suisse. As per Wednesday, June 21, the company rating was downgraded by Seaport Global. On Thursday, August 4 the stock rating was maintained by Barclays Capital with “Overweight”.

Investors sentiment increased to 0.92 in 2016 Q4. Its up 0.03, from 0.89 in 2016Q3. It increased, as 48 investors sold DVN shares while 271 reduced holdings. 72 funds opened positions while 223 raised stakes. 403.62 million shares or 2.20% more from 394.94 million shares in 2016Q3 were reported. Commonwealth Commercial Bank Of Australia has 91,871 shares for 0.05% of their portfolio. Independent Investors has invested 0.24% of its portfolio in Devon Energy Corp (NYSE:DVN). Delta Asset Limited Liability Com Tn holds 0% in Devon Energy Corp (NYSE:DVN) or 50 shares. Cls Invs Lc holds 0% in Devon Energy Corp (NYSE:DVN) or 537 shares. Synovus Fin holds 0% of its portfolio in Devon Energy Corp (NYSE:DVN) for 506 shares. Sunbelt Secs, Texas-based fund reported 97 shares. Freestone Capital Limited Co accumulated 10,173 shares or 0% of the stock. Meiji Yasuda Asset Management Limited reported 14,319 shares. Bessemer Gp Incorporated has invested 0.03% in Devon Energy Corp (NYSE:DVN). 1,407 are owned by Montecito Comml Bank And Tru. Veritable Limited Partnership has 0.02% invested in Devon Energy Corp (NYSE:DVN) for 17,867 shares. Bb&T Secs Llc reported 71,090 shares stake. Discovery Cap Mngmt Lc Ct has invested 2.59% in Devon Energy Corp (NYSE:DVN). Deutsche Bancorporation Ag owns 1.06 million shares. Motco reported 475 shares or 0% of all its holdings.