Apg Asset Management Nv Has Raised Its Devon Energy New (DVN) Position; Eagle Test Systems (EGLT)’s Sentiment Is 0.58

February 25, 2018 - By William Brooks

Apg Asset Management Nv increased Devon Energy Corp New (DVN) stake by 34.64% reported in 2017Q3 SEC filing. Apg Asset Management Nv acquired 65,400 shares as Devon Energy Corp New (DVN)’s stock declined 13.09%. The Apg Asset Management Nv holds 254,179 shares with $9.33 million value, up from 188,779 last quarter. Devon Energy Corp New now has $16.52B valuation. The stock increased 3.35% or $1.02 during the last trading session, reaching $31.43. About 11.88 million shares traded or 98.74% up from the average. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since February 25, 2017 and is uptrending. It has underperformed by 3.46% the S&P500.

Egalet Corporation, a specialty pharmaceutical company, develops, makes, and commercializes treatments for patients with pain and other conditions. The company has market cap of $33.04 million. It has licensed three approved pain products, such as SPRIX Nasal Spray, a non-steroidal anti-inflammatory drug indicated in adult patients for the short-term management of moderate to moderately severe pain that requires analgesia at the opioid level; OXAYDO, an immediate-release oxycodone product designed to discourage abuse via snorting for the management of acute and chronic moderate to severe pain where an opioid is appropriate; and ARYMO ER, an extended-release morphine product formulated with abuse-deterrent (AD) properties for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate. It currently has negative earnings. The firm is also developing Egalet-002, a Guardian Technology AD, ER, oral oxycodone formulation, which is in Phase III clinical trials for the same indication as ARYMO ER.

The stock increased 0.85% or $0.0061 during the last trading session, reaching $0.7197. About 582,761 shares traded. Egalet Corporation (EGLT) has declined 46.67% since February 25, 2017 and is downtrending. It has underperformed by 63.37% the S&P500.

Analysts await Egalet Corporation (NASDAQ:EGLT) to report earnings on March, 8. They expect $-0.38 earnings per share, up 56.32% or $0.49 from last year’s $-0.87 per share. After $-0.46 actual earnings per share reported by Egalet Corporation for the previous quarter, Wall Street now forecasts -17.39% EPS growth.

Armistice Capital Llc holds 0.31% of its portfolio in Egalet Corporation for 2.05 million shares. New Jersey Better Educational Savings Trust owns 120,000 shares or 0.13% of their US portfolio. Moreover, Highbridge Capital Management Llc has 0.08% invested in the company for 4.25 million shares. The New Jersey-based Nj State Employees Deferred Compensation Plan has invested 0.08% in the stock. Sabby Management Llc, a New Jersey-based fund reported 721,050 shares.

Apg Asset Management Nv decreased Southern Copper Corp (NYSE:SCCO) stake by 72,400 shares to 610,800 valued at $24.29M in 2017Q3. It also reduced Franco Nevada Corp (NYSE:FNV) stake by 184,600 shares and now owns 1.57M shares. Hcp Inc (NYSE:HCP) was reduced too.

Among 38 analysts covering Devon Energy Corporation (NYSE:DVN), 25 have Buy rating, 0 Sell and 13 Hold. Therefore 66% are positive. Devon Energy Corporation had 120 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Devon Energy Corporation (NYSE:DVN) earned “Buy” rating by Stifel Nicolaus on Friday, September 1. The firm has “Buy” rating given on Tuesday, March 29 by Deutsche Bank. Stifel Nicolaus maintained the shares of DVN in report on Thursday, October 5 with “Buy” rating. Citigroup maintained Devon Energy Corporation (NYSE:DVN) on Thursday, April 7 with “Buy” rating. As per Thursday, May 19, the company rating was upgraded by Johnson Rice. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, November 22 report. The rating was maintained by Stifel Nicolaus on Friday, August 25 with “Buy”. On Monday, January 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating given on Thursday, February 16 by Societe Generale. On Thursday, November 2 the stock rating was upgraded by Stephens to “Overweight”.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 William Brooks

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: