Devon 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: www.devonenergy.com
- Market Cap: $18.83 billion
- Outstanding Shares: 525,700,000
- 50 Day Moving Avg: $39.13
- 200 Day Moving Avg: $43.12
- 52 Week Range: $32.81 - $50.69
Sales & Book Value:
- Trailing P/E Ratio: 60.81
- Foreward P/E Ratio: 13.83
- P/E Growth: -3.56
- Annual Revenue: $11.57 billion
- Price / Sales: 1.63
- Book Value: $12.29 per share
- Price / Book: 2.91
- 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: 4.68 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 paid a dividend of $0.06 per share on Friday, June 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.67%. 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) issued its 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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $2.98 billion. Devon Energy Corp had a negative net margin of 69.59% and a positive return on equity of 1.48%. View Devon Energy Corp's Earnings History.
When will Devon Energy Corp make its next earnings announcement?
Where is Devon Energy Corp's stock going? Where will Devon Energy Corp's stock price be in 2017?
22 brokerages have issued 12 month price targets for Devon Energy Corp's shares. Their predictions range from $38.00 to $73.00. On average, they expect Devon Energy Corp's stock price to reach $51.59 in the next year. 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?
Some companies that are related to Devon Energy Corp include Canadian Natural Resource Ltd (CNQ), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), Apache (APA), Hess Corp. (HES), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Cabot Oil & Gas Co. (COG), Cimarex Energy Co (XEC), EQT (EQT), Diamondback Energy (FANG), Parsley Energy (PE), Newfield Exploration (NFX), EnLink Midstream Partners LP (ENLK), Range Resources Corp. (RRC), Energen (EGN) and Crescent Point Energy (CPG).
Who owns Devon Energy Corp stock?
Devon Energy Corp's stock is owned by a number of of retail and institutional investors. Top institutional investors 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 bought 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 $35.82.
Earnings History for Devon Energy Corp (NYSE:DVN)Earnings History by Quarter for Devon Energy Corp (NYSE:DVN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017|| || || || || || || || |
|5/2/2017||Q1 2017||$0.40||$0.41||$2.98 billion||$3.55 billion||View||Listen|
|2/14/2017||Q416||$0.21||$0.25||$2.79 billion||$2.81 billion||View||N/A|
|11/1/2016||Q316||$0.05||$0.09||$2.66 billion||$2.88 billion||View||N/A|
|8/2/2016||Q216||($0.19)||$0.06||$2.29 million||$2.49 billion||View||N/A|
|5/3/2016||Q116||($0.64)||($0.53)||$2.60 billion||$2.13 billion||View||N/A|
|2/16/2016||Q415||$0.71||$0.77||$3.63 billion||$2.89 billion||View||Listen|
|11/3/2015||Q315||$0.52||$0.76||$3.98 billion||$3.60 billion||View||N/A|
|8/4/2015||Q215||$0.42||$0.78||$3.74 billion||$3.39 billion||View||N/A|
|5/5/2015||Q115||$0.26||$0.22||$3.75 billion||$3.27 billion||View||N/A|
|2/17/2015||Q414||$1.10||$0.83||$4.11 billion||$6.00 billion||View||N/A|
|11/4/2014||Q314||$1.27||$1.34||$4.15 billion||$5.34 billion||View||N/A|
|8/6/2014||Q214||$1.40||$1.40||$3.71 billion||$4.51 billion||View||N/A|
|5/7/2014||Q114||$1.25||$1.34||$2.87 billion||$3.73 billion||View||Listen|
|2/19/2014||Q413||$1.09||$1.10||$2.69 billion||$2.62 billion||View||Listen|
|11/6/2013||Q313||$1.20||$1.29||$2.74 billion||$2.72 billion||View||Listen|
|8/7/2013||Q2 2013||$0.95||$1.21||$2.60 billion||$3.09 billion||View||Listen|
|5/1/2013||Q1 2013||$0.56||$0.66||$2.28 billion||$1.97 billion||View||N/A|
|2/20/2013||Q4 2012||$0.75||$0.78||$2.37 billion||$2.58 billion||View||Listen|
|11/7/2012||Q312||$0.70||$0.88||$2.32 billion||$1.87 billion||View||N/A|
Earnings Estimates for Devon Energy Corp (NYSE:DVN)
2017 EPS Consensus Estimate: $1.99
2018 EPS Consensus Estimate: $2.53
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Devon Energy Corp (NYSE:DVN)
|Dividend Growth:||-13.10% (3 Year Average)|
|Payout Ratio:||-1.28% (Trailing 12 Months of Earnings) |
12.57% (Based on This Year's Estimates)
9.27% (Based on Next Year's Estimates)
Dividend History by Quarter for Devon Energy Corp (NYSE:DVN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Devon Energy Corp (NYSE:DVN)
Insider Ownership Percentage: 0.98%Insider Trades by Quarter for Devon Energy Corp (NYSE:DVN)
Institutional Ownership Percentage: 77.18%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|4/21/2017||Robert A Mosbacher Jr||Director||Sell||800||$39.18||$31,344.00|| |
|6/20/2016||Robert H Henry||Director||Sell||7,100||$37.43||$265,753.00|| |
|1/6/2016||Barbara M Baumann||Director||Buy||8,200||$30.44||$249,608.00|| |
|7/6/2015||Barbara M Baumann||Director||Buy||4,500||$56.58||$254,610.00|| |
|6/10/2015||Robert A Mosbacher Jr||Director||Sell||3,200||$64.00||$204,800.00|| |
|12/23/2014||Robert H Henry||Director||Sell||4,089||$61.12||$249,919.68|| |
|10/15/2014||John E Bethancourt||Director||Buy||9,150||$54.64||$499,956.00|| |
|8/29/2014||Robert A Mosbacher Jr||Director||Sell||4,100||$74.75||$306,475.00|| |
|7/17/2014||Frank W Rudolph||EVP||Sell||48,493||$78.00||$3,782,454.00|| |
|7/14/2014||Frank W Rudolph||EVP||Sell||20,135||$77.08||$1,552,005.80|| |
|6/23/2014||Robert A Mosbacher Jr||Director||Sell||3,500||$79.07||$276,745.00|| |
|5/19/2014||Frank Rudolph||EVP||Sell||1,000||$71.31||$71,310.00|| |
|7/18/2013||William F Whitsitt||EVP||Sell||2,000||$57.00||$114,000.00|| |
Headline Trends for Devon Energy Corp (NYSE:DVN)
Latest Headlines for Devon Energy Corp (NYSE:DVN)
Devon Energy Corp (DVN) Chart for Saturday, May, 27, 2017