Devon Energy Corp Company Profile (NYSE:DVN)

About Devon Energy Corp (NYSE:DVN)

Devon Energy Corp logoDevon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company's segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company's operations are concentrated in various North American onshore areas in the United States and Canada. The Company's U.S. and Canada segments are primarily engaged in oil and gas exploration and production activities. EnLink is a master limited partnership (MLP) with a midstream business and operations located across the United States. EnLink focuses on providing gathering, transmission, processing, storage, fractionation and marketing to upstream oil and natural gas producers. The Company's properties include Barnett Shale, Delaware Basin, Eagle Ford, Heavy Oil, Rockies Oil and STACK.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Independent Oil & Gas
  • Sub-Industry: Oil & Gas Exploration & Production
  • Symbol: NYSE:DVN
  • CUSIP: 25179M10
  • Web:
  • Market Cap: $19.52 billion
  • Outstanding Shares: 525,700,000
Average Prices:
  • 50 Day Moving Avg: $39.39
  • 200 Day Moving Avg: $43.23
  • 52 Week Range: $32.81 - $50.69
  • Trailing P/E Ratio: 63.04
  • Foreward P/E Ratio: 14.28
  • P/E Growth: -3.68
Sales & Book Value:
  • Annual Revenue: $11.57 billion
  • Price / Sales: 1.69
  • Book Value: $12.29 per share
  • Price / Book: 3.02
  • Annual Dividend: $0.24
  • Dividend Yield: 0.6%
  • EBIDTA: $3.09 billion
  • Net Margins: -69.59%
  • Return on Equity: 1.48%
  • Return on Assets: 0.53%
  • Debt-to-Equity Ratio: 1.09%
  • Current Ratio: 1.56%
  • Quick Ratio: 1.56%
  • Average Volume: 4.66 million shs.
  • Beta: 2.17
  • Short Ratio: 1.88

Frequently Asked Questions for Devon Energy Corp (NYSE:DVN)

What is Devon Energy Corp's stock symbol?

Devon Energy Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "DVN."

How often does Devon Energy Corp pay dividends? What is the dividend yield for Devon Energy Corp?

Devon Energy Corp declared a quarterly dividend on Wednesday, March 1st. Shareholders of record on Thursday, June 15th will be given a dividend of $0.06 per share on Friday, June 30th. This represents a $0.24 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, June 13th. View Devon Energy Corp's Dividend History.

How were Devon Energy Corp's earnings last quarter?

Devon Energy Corp (NYSE:DVN) released its quarterly earnings results on Tuesday, May, 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.02. The business had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $2.98 billion. Devon Energy Corp had a positive return on equity of 1.48% and a negative net margin of 69.59%. View Devon Energy Corp's Earnings History.

When will Devon Energy Corp make its next earnings announcement?

Devon Energy Corp is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Devon Energy Corp.

Where is Devon Energy Corp's stock going? Where will Devon Energy Corp's stock price be in 2017?

22 equities research analysts have issued twelve-month target prices for Devon Energy Corp's shares. Their predictions range from $38.00 to $73.00. On average, they anticipate Devon Energy Corp's share price to reach $51.59 in the next twelve months. View Analyst Ratings for Devon Energy Corp.

What are analysts saying about Devon Energy Corp stock?

Here are some recent quotes from research analysts about Devon Energy Corp stock:

  • 1. According to Zacks Investment Research, "Devon Energy’s persistent focus on high-quality North American properties has helped and the company expects to improve 2017 U.S. oil production by 13–17% from 2016 levels. Further, the company completed its asset sale target for 2016 by divesting assets worth $3.2 billion and used the proceeds to lower debt level, which in turn helped to lower annual financing costs. Devon will continue with its cost savings initiative in 2017 as well. The shares of Devon have returned higher than the broader industry in the last 12 months. However, the highly competitive nature of oil and gas industry has always been a headwind, and limited control over some properties could have a material impact on Devon’s performance. Further, its profitability is subject to oil, natural gas and NGL prices, which are volatile and cyclical in nature." (2/21/2017)
  • 2. KLR Group analysts commented, "We are increasing our DVN target price $9 to $62 per share due to approximately 10% lower capital intensity (focus on core plays), slightly higher U.S. liquids price realizations and lower other expense. Our composite weighted average cost-of-capital values the midstream business at ~11x next year's cash generation (EnLink Midstream LLC (ENLC, $19.30, NR)/EnLink Midstream Partners (ENLK, $19.16, NR) valuation)." (2/15/2017)

Who are some of Devon Energy Corp's key competitors?

Who owns Devon Energy Corp stock?

Devon Energy Corp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.84%), Vanguard Group Inc. (8.30%), State Street Corp (5.21%), FMR LLC (2.04%), Artisan Partners Limited Partnership (1.54%) and Bank of New York Mellon Corp (1.20%). Company insiders that own Devon Energy Corp stock include Barbara M Baumann, Robert A Mosbacher Jr and Robert H Henry. View Institutional Ownership Trends for Devon Energy Corp.

Who sold Devon Energy Corp stock? Who is selling Devon Energy Corp stock?

Devon Energy Corp's stock was sold by a variety of institutional investors in the last quarter, including Fiduciary Management Inc. WI, Renaissance Technologies LLC, First Eagle Investment Management LLC, Alleghany Corp DE, Alliancebernstein L.P., First Trust Advisors LP, Parametric Portfolio Associates LLC and Sasco Capital Inc. CT. Company insiders that have sold Devon Energy Corp stock in the last year include Robert A Mosbacher Jr and Robert H Henry. View Insider Buying and Selling for Devon Energy Corp.

Who bought Devon Energy Corp stock? Who is buying Devon Energy Corp stock?

Devon Energy Corp's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Janus Capital Management LLC, Bank of New York Mellon Corp, Vanguard Group Inc., JPMorgan Chase & Co., Geode Capital Management LLC, Victory Capital Management Inc. and American Century Companies Inc.. View Insider Buying and Selling for Devon Energy Corp.

How do I buy Devon Energy Corp stock?

Shares of Devon Energy Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Devon Energy Corp stock cost?

One share of Devon Energy Corp stock can currently be purchased for approximately $37.13.

Analyst Ratings

Consensus Ratings for Devon Energy Corp (NYSE:DVN) (?)
Ratings Breakdown: 6 Hold Ratings, 15 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.77)
Consensus Price Target: $51.59 (38.95% upside)

Analysts' Ratings History for Devon Energy Corp (NYSE:DVN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/16/2017ScotiabankSet Price TargetBuy$57.00LowView Rating Details
5/17/2017Jefferies Group LLCReiterated RatingHold$38.00LowView Rating Details
5/15/2017KLR GroupReiterated RatingBuy$52.00 -> $54.00LowView Rating Details
5/15/2017BMO Capital MarketsSet Price TargetBuy$42.00LowView Rating Details
5/11/2017Bank of America CorpReiterated RatingBuyLowView Rating Details
5/4/2017Credit Suisse Group AGBoost Price TargetOutperform$63.00 -> $64.00LowView Rating Details
4/25/2017Royal Bank of CanadaSet Price TargetBuy$53.00LowView Rating Details
4/22/2017Barclays PLCReiterated RatingOverweight$54.00 -> $47.00LowView Rating Details
4/12/2017Stifel NicolausInitiated CoverageBuy -> Buy$73.00MediumView Rating Details
2/15/2017Societe GeneraleUpgradeHold -> Buy$55.00N/AView Rating Details
1/11/2017Wells Fargo & CoDowngradeOutperform -> Market Perform$50.00N/AView Rating Details
12/9/2016Seaport Global SecuritiesUpgradeNeutral -> BuyN/AView Rating Details
9/6/2016Raymond James Financial, Inc.DowngradeOutperform -> Market Perform$45.84N/AView Rating Details
9/6/2016Citigroup IncDowngradePositive -> Market PerformN/AView Rating Details
8/23/2016ArgusBoost Price TargetBuy$51.00 -> $61.00N/AView Rating Details
8/3/2016Morgan StanleySet Price TargetBuy$54.00N/AView Rating Details
8/3/2016JPMorgan Chase & Co.Reiterated RatingBuyN/AView Rating Details
7/17/2016Deutsche Bank AGReiterated RatingBuyN/AView Rating Details
7/11/2016Howard WeilUpgradeSector Outperform -> Focus Stock$50.00 -> $61.00N/AView Rating Details
7/7/2016SimmonsReiterated RatingNeutral$39.00 -> $41.00N/AView Rating Details
7/7/2016Piper Jaffray CompaniesReiterated RatingNeutral$39.00 -> $41.00N/AView Rating Details
6/16/2016WunderlichBoost Price TargetBuy$40.00 -> $41.00N/AView Rating Details
5/19/2016Johnson RiceUpgradeHold -> AccumulateN/AView Rating Details
5/12/2016StephensReiterated RatingHoldN/AView Rating Details
5/5/2016Sanford C. BernsteinBoost Price TargetOutperform$37.00 -> $38.00N/AView Rating Details
4/15/2016Evercore ISIUpgradeHold -> Buy$30.00 -> $40.00N/AView Rating Details
3/8/2016Iberia CapitalLower Price TargetSector Perform$45.00 -> $30.00N/AView Rating Details
2/22/2016Susquehanna Bancshares IncLower Price Target$37.00 -> $30.00N/AView Rating Details
2/18/2016MacquarieLower Price TargetOutperform$52.00 -> $29.00N/AView Rating Details
2/18/2016Wolfe ResearchDowngradeOutperform -> Market PerformN/AView Rating Details
2/17/2016Mitsubishi UFJ Financial GroupUpgradeUnderweight -> NeutralN/AView Rating Details
2/18/2016GuggenheimLower Price TargetBuy$57.00 -> $39.00N/AView Rating Details
2/18/2016Goldman Sachs Group IncLower Price TargetNeutral$39.00 -> $34.00N/AView Rating Details
2/18/2016Cowen and CompanyLower Price TargetOutperform$46.00 -> $34.00N/AView Rating Details
1/25/2016Tudor PickeringUpgradeAccumulate -> BuyN/AView Rating Details
1/21/2016NomuraLower Price TargetNeutral$49.00 -> $32.00N/AView Rating Details
12/8/2015Mitsubishi UFJ Financial Group IncReiterated RatingUnderweightN/AView Rating Details
6/17/2015Oppenheimer Holdings Inc.DowngradeOutperform -> Market Perform$70.00N/AView Rating Details
6/11/2015GMP SecuritiesUpgradeHold -> Buy$82.00N/AView Rating Details
6/2/2015Evercore Partners Inc.Initiated CoverageHold$76.00N/AView Rating Details
(Data available from 5/25/2015 forward)


Earnings History for Devon Energy Corp (NYSE:DVN)
Earnings by Quarter for Devon Energy Corp (NYSE:DVN)
Earnings History by Quarter for Devon Energy Corp (NYSE:DVN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/2/2017Q1 2017$0.40$0.41$2.98 billion$3.55 billionViewListenView Earnings Details
2/14/2017Q416$0.21$0.25$2.79 billion$2.81 billionViewN/AView Earnings Details
11/1/2016Q316$0.05$0.09$2.66 billion$2.88 billionViewN/AView Earnings Details
8/2/2016Q216($0.19)$0.06$2.29 million$2.49 billionViewN/AView Earnings Details
5/3/2016Q116($0.64)($0.53)$2.60 billion$2.13 billionViewN/AView Earnings Details
2/16/2016Q415$0.71$0.77$3.63 billion$2.89 billionViewListenView Earnings Details
11/3/2015Q315$0.52$0.76$3.98 billion$3.60 billionViewN/AView Earnings Details
8/4/2015Q215$0.42$0.78$3.74 billion$3.39 billionViewN/AView Earnings Details
5/5/2015Q115$0.26$0.22$3.75 billion$3.27 billionViewN/AView Earnings Details
2/17/2015Q414$1.10$0.83$4.11 billion$6.00 billionViewN/AView Earnings Details
11/4/2014Q314$1.27$1.34$4.15 billion$5.34 billionViewN/AView Earnings Details
8/6/2014Q214$1.40$1.40$3.71 billion$4.51 billionViewN/AView Earnings Details
5/7/2014Q114$1.25$1.34$2.87 billion$3.73 billionViewListenView Earnings Details
2/19/2014Q413$1.09$1.10$2.69 billion$2.62 billionViewListenView Earnings Details
11/6/2013Q313$1.20$1.29$2.74 billion$2.72 billionViewListenView Earnings Details
8/7/2013Q2 2013$0.95$1.21$2.60 billion$3.09 billionViewListenView Earnings Details
5/1/2013Q1 2013$0.56$0.66$2.28 billion$1.97 billionViewN/AView Earnings Details
2/20/2013Q4 2012$0.75$0.78$2.37 billion$2.58 billionViewListenView Earnings Details
11/7/2012Q312$0.70$0.88$2.32 billion$1.87 billionViewN/AView Earnings Details
8/1/2012$0.85$0.55ViewN/AView Earnings Details
5/2/2012$1.42$1.05ViewN/AView Earnings Details
2/15/2012$1.47$1.55ViewN/AView Earnings Details
11/2/2011$1.50$1.54ViewN/AView Earnings Details
8/3/2011$1.53$1.71ViewN/AView Earnings Details
5/4/2011$1.33$0.97ViewN/AView Earnings Details
2/16/2011$1.41$1.57ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Devon Energy Corp (NYSE:DVN)
2017 EPS Consensus Estimate: $1.99
2018 EPS Consensus Estimate: $2.48
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.34$0.56$0.43
Q2 20173$0.31$0.62$0.42
Q3 20173$0.43$0.66$0.54
Q4 20173$0.48$0.69$0.60
Q1 20182$0.42$0.69$0.56
Q2 20182$0.44$0.78$0.61
Q3 20182$0.35$0.90$0.63
Q4 20182$0.37$1.01$0.69
(Data provided by Zacks Investment Research)


Current Dividend Information for Devon Energy Corp (NYSE:DVN)
Next Dividend:6/30/2017
Annual Dividend:$0.24
Dividend Yield:0.65%
Dividend Growth:-13.10% (3 Year Average)
Payout Ratio:-1.28% (Trailing 12 Months of Earnings)
12.57% (Based on This Year's Estimates)
9.23% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Devon Energy Corp (NYSE:DVN)

Dividend History by Quarter for Devon Energy Corp (NYSE:DVN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Devon Energy Corp (NYSE:DVN)
Insider Ownership Percentage: 0.98%
Institutional Ownership Percentage: 77.18%
Insider Trades by Quarter for Devon Energy Corp (NYSE:DVN)
Institutional Ownership by Quarter for Devon Energy Corp (NYSE:DVN)
Insider Trades by Quarter for Devon Energy Corp (NYSE:DVN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
4/21/2017Robert A Mosbacher JrDirectorSell800$39.18$31,344.00View SEC Filing  
6/20/2016Robert H HenryDirectorSell7,100$37.43$265,753.00View SEC Filing  
1/6/2016Barbara M BaumannDirectorBuy8,200$30.44$249,608.00View SEC Filing  
7/6/2015Barbara M BaumannDirectorBuy4,500$56.58$254,610.00View SEC Filing  
6/10/2015Robert A Mosbacher JrDirectorSell3,200$64.00$204,800.00View SEC Filing  
12/23/2014Robert H HenryDirectorSell4,089$61.12$249,919.68View SEC Filing  
10/23/2014Akash PatelDirectorBuy25,000$0.17$4,250.00
10/15/2014John E BethancourtDirectorBuy9,150$54.64$499,956.00View SEC Filing  
8/29/2014Robert A Mosbacher JrDirectorSell4,100$74.75$306,475.00View SEC Filing  
7/17/2014Frank W RudolphEVPSell48,493$78.00$3,782,454.00View SEC Filing  
7/14/2014Frank W RudolphEVPSell20,135$77.08$1,552,005.80View SEC Filing  
6/23/2014Robert A Mosbacher JrDirectorSell3,500$79.07$276,745.00View SEC Filing  
5/19/2014Frank RudolphEVPSell1,000$71.31$71,310.00View SEC Filing  
7/18/2013William F WhitsittEVPSell2,000$57.00$114,000.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Devon Energy Corp (NYSE:DVN)
Latest Headlines for Devon Energy Corp (NYSE:DVN)
DateHeadline logoInvestors Purchase High Volume of Call Options on Devon Energy Corp (DVN) - May 24 at 12:52 PM logoDevon Energy’s Hedging Effectiveness - May 24 at 12:29 PM logoForm PX14A6G DEVON ENERGY CORP/DE Filed by: Rhode Island Employees Retirement System Pool Trust - May 23 at 12:23 PM logoUnderstanding Devon Energy’s Hedging Activities - May 23 at 12:23 PM logoETFs with exposure to Devon Energy Corp. : May 22, 2017 - May 22 at 4:34 PM logoHow Analyst Ratings for Energy Companies Changed Last Week - May 22 at 11:51 AM logoDevon Energy: Time To Accumulate? - May 20 at 4:48 PM logoFriday Sector Leaders: Energy, Industrial - May 19 at 4:38 PM logoJefferies Group Weighs in on Devon Energy Corp's Q2 2017 Earnings (DVN) - May 19 at 7:24 AM logoDevon Energy Corp (DVN) PT Set at $57.00 by Scotiabank - May 17 at 7:50 PM logoDevon Energy Corp (DVN) Rating Reiterated by Jefferies Group LLC - May 17 at 12:54 PM logoDevon Energy Corp (DVN) Stock Rating Reaffirmed by KLR Group - May 15 at 7:34 PM logoDevon Energy Corp (DVN) PT Set at $42.00 by BMO Capital Markets - May 15 at 2:34 PM logo[$$] Anti-terror architecture easy on the eye - May 15 at 11:48 AM logoDevon Energy Corp (DVN) Given Consensus Recommendation of "Buy" by Brokerages - May 15 at 9:38 AM logoDevon Energy Corp (DVN) Earns Buy Rating from Bank of America Corp - May 11 at 5:58 PM logoETFs with exposure to Devon Energy Corp. : May 9, 2017 - May 9 at 4:48 PM logoDevon Energy Corp. :DVN-US: Earnings Analysis: Q1, 2017 By the Numbers : May 8, 2017 - May 8 at 4:42 PM logoCapital One Financial Corp. Research Analysts Reduce Earnings Estimates for Devon Energy Corp (DVN) - May 8 at 10:20 AM logoDevon Energy Corp (DVN) Upgraded to C by TheStreet - May 6 at 11:14 PM logoDevon Energy (DVN) Subsidiary Sells Wyoming South Powder River Basin Midstream Assets - - May 6 at 10:47 AM logo Brokerages Anticipate Devon Energy Corp (DVN) Will Post Quarterly Sales of $3.05 Billion - May 5 at 4:58 PM logoDevon Energy Corp (DVN) Stock Rating Reaffirmed by Credit Suisse Group AG - May 4 at 6:24 PM logoDevon Energy (DVN) Subsidiary Sells Wyoming South Powder River Basin Midstream Assets - May 4 at 4:58 PM logoEnLink Midstream Partners, LP -- Moody's assigns Ba1 rating to EnLink's proposed notes - May 4 at 4:58 PM logoDevon Energy Corp.'s Turnaround Continues to Gain Steam - May 4 at 4:58 PM logo[$$] The Add-On Deal Roundup: May 4 - May 4 at 4:58 PM logoDevon Energy Corp.'s Turnaround Continues to Gain Steam - May 4 at 1:09 PM logoEdited Transcript of DVN earnings conference call or presentation 3-May-17 3:00pm GMT - May 4 at 12:22 AM logoDevon Energy Corp (DVN) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS - May 3 at 8:52 PM
News IconBRIEF-Devon Energy reports qtrly total revenues $3,547 million - May 3 at 7:15 PM logoDevon Energy Corporation 2017 Q1 - Results - Earnings Call Slides - May 3 at 7:15 PM logoDevon Energy (DVN) Q1 Earnings & Revenues Beat Estimates - May 3 at 7:15 PM logoAnother major energy company strikes billion-dollar deal for NM's Permian - May 3 at 7:15 PM logoDevon Energy Knocks First-Quarter Earnings Out of the Park - May 3 at 1:19 PM logoZacks: Analysts Anticipate Devon Energy Corp (DVN) to Post $0.44 EPS - May 3 at 11:20 AM logoDevon Energy to sell $1 billion in assets - May 2 at 6:57 PM logoDevon Energy To Divest Approx. $1 Bln Of Upstream Assets - Quick Facts - May 2 at 5:30 PM logoDevon Energy plans to divest $1 billion in non-core assets - May 2 at 5:30 PM logoInside Devon Energy’s Stock Price Range Forecast for This Week - May 2 at 5:30 PM logoHow Is Short Interest in Devon Energy Evolving in 2017? - May 2 at 5:30 PM logoDevon Energy Announces $1 Billion Divestiture Plan - May 2 at 5:30 PM logoDevon Energy Reports First-Quarter Results - May 2 at 5:30 PM logoDevon Energy plans to divest $1 bln assets; profit beats - May 2 at 5:30 PM logoDevon Energy tops Street 1Q forecasts - May 2 at 5:02 PM logoPositive News Coverage Extremely Likely to Impact Devon Energy Corp (DVN) Stock Price - May 2 at 11:42 AM logoSomewhat Positive Media Coverage Very Likely to Affect Devon Energy Corp (DVN) Stock Price - April 29 at 3:15 PM logoCan Devon Energy Beat Its 1Q17 EPS Estimates? - April 28 at 5:53 PM logoAnalyzing Devon Energy’s 1Q17 Revenue Estimates - April 28 at 5:53 PM logoWhat Are Devon Energy’s Cash Flow Estimates? - April 28 at 5:53 PM



Devon Energy Corp (DVN) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by Staff