Stocks In News (DVN, DNR, EOG)

Devon Energy Corporation (NYSE:DVN) slid 0.13% to $70.35. This month, the company said Wednesday its third-quarter earnings rose to $2.1 billion, or $4.79 a share, from $499 million, or $1.12 a share, in the year-ago period. The latest quarter included a one-time gain of $1.5 billion on the sale of its Azerbaijan unit.

Revenue rose to $2.35 billion, from $1.85 billion. Wall Street analysts expected Devon to earn $1.36 a share on revenue of $2.3 billion, according to a survey by FactSet Research.

The company said it planned to sell assets to focus on North American production remains on track. It expects a $3.2 billion sale of its Brazilian assets to close by the end of the year.

Denbury Resources Inc. (NYSE:DNR) fell 0.28% to $18.12. This month, the company announced its third quarter 2010 financial and operating results.

Third quarter 2010 net income was $29.1 million or $0.07 per basic common share, as compared to net income of $26.9 million, or $0.11 per basic common share in the third quarter of 2009.

EOG Resources, Inc. (NYSE:EOG) dropped 0.97% to $90.17. Moody’s Investors Service on Wednesday affirmed EOG Resources Inc.’s A3 long-term debt rating and lowered its outlook to negative from stable.

EOG’s outlook could improve if it can restore its financial leverage trending closer to its 2008 levels, Moody’s said.