Devon Energy, ConocoPhillips continue seven straight sessions of gains

Devon Energy (NYSE:DVN) shares continued gains for seven straight sessions, as the stock closed 0.5% higher at $42.6 on Monday.

The company gained about 8% in the preceding six sessions. Overall, the stock has lost nearly 6% so far this year, compared to the over 20% rise in the broader S&P 500 Index.

Looking at Seeking Alpha’s Quant Rating, DVN has a Hold rating with a score of 3.05 out of 5. The company received A in the prospect of profitability and a D in momentum.

Turning to the Wall Street community, 19 analysts gave DVN a Buy and above. 12 analysts have given the stock a Hold recommendation, and no one recommended Sell or lower.

Seeking Alpha analysts are also bullish and see the stock as a Buy.

“Devon Energy’s valuation remains attractive with a forward P/E ratio of 6.9X, offering potential long-term capital upside,” according to a recent Seeking Alpha analysis by The Asian Investor.

ConocoPhillips (NYSE:COP) also continued to be in the green for seven sessions. The stock closed 0.2% higher on Monday at $114.7.

Oil prices spiked following Iran’s missile strike on Israel, deepening tensions in the Middle East and stoking worries that the escalation could ultimately threaten global crude supplies from the region.

Seeking Alpha analysts, Wall Street and Seeking Alpha’s Quant rating are all bullish on COP and rated it as Buy. The stock has lost 1% since the start of the year.