NYSE:DVN - Devon Energy Stock Price, News, & Analysis

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$31.02 -0.63 (-1.99 %)
(As of 03/22/2019 09:56 AM ET)
Previous Close$31.65
Today's Range$30.95 - $31.60
52-Week Range$20.37 - $46.54
Volume656,668 shs
Average Volume9.25 million shs
Market Capitalization$13.60 billion
P/E Ratio24.05
Dividend Yield1.02%
Beta2.25
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. It operates approximately 12,900 gross wells. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP25179M10
Phone405-235-3611

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.73 billion
Cash Flow$4.9474 per share
Book Value$19.62 per share

Profitability

Net Income$3.06 billion

Miscellaneous

Employees2,900
Market Cap$13.60 billion
Next Earnings Date5/7/2019 (Estimated)
OptionableOptionable

Devon Energy (NYSE:DVN) Frequently Asked Questions

What is Devon Energy's stock symbol?

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

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

Devon Energy declared a quarterly dividend on Tuesday, February 19th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.09 per share on Friday, June 28th. This represents a $0.36 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, June 13th. This is a positive change from Devon Energy's previous quarterly dividend of $0.08. View Devon Energy's Dividend History.

How will Devon Energy's stock buyback program work?

Devon Energy announced that its board has initiated a share repurchase program on Wednesday, June 6th 2018, which permits the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 14.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its stock is undervalued.

How were Devon Energy's earnings last quarter?

Devon Energy Corp (NYSE:DVN) released its quarterly earnings data on Tuesday, February, 19th. The energy company reported $0.10 EPS for the quarter, missing the Zacks' consensus estimate of $0.31 by $0.21. The energy company earned $3.71 billion during the quarter, compared to analyst estimates of $1.97 billion. Devon Energy had a net margin of 24.82% and a return on equity of 5.73%. During the same quarter in the prior year, the company posted $0.38 EPS. View Devon Energy's Earnings History.

When is Devon Energy's next earnings date?

Devon Energy is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for Devon Energy.

What price target have analysts set for DVN?

28 brokers have issued 1-year target prices for Devon Energy's stock. Their forecasts range from $31.00 to $65.00. On average, they expect Devon Energy's stock price to reach $45.85 in the next twelve months. This suggests a possible upside of 47.8% from the stock's current price. View Analyst Price Targets for Devon Energy.

What is the consensus analysts' recommendation for Devon Energy?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 1 sell rating, 12 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Devon Energy.

What are Wall Street analysts saying about Devon Energy stock?

Here are some recent quotes from research analysts about Devon Energy stock:
  • 1. According to Zacks Investment Research, "Devon Energy’s shares have underperformed its industry over the last six months. The company operates in a very highly competitive oil and gas industry, limited control over some of its properties and stringent regulations are headwinds. In addition, the falling oil prices is a concern. However, Devon Energy will continue to benefit from strong performance by its Delaware and STACK assets, as well as high quality of other domestic oil plays. Devon’s focus on high-margin production zones, cost savings and divestment of non-core assets is boosting its performance. Thanks to solid oil production and the performance of its domestic oil assets, the company is well poised to deliver a significant increase in U.S. oil production." (3/7/2019)
  • 2. Stifel Nicolaus analysts commented, "We forecast revenue of $90.0 million, up 4.2% YOY. The consensus is $92.3 million. Services (ES) segment (66% of estimated revenue), we forecast revenue growth of 8.4% YOY to $59.7 million, as we project that the business will be able to maintain the high-single-digit growth rate achieved during the prior three quarters following significant investments in new sales personnel and branch openings." (7/19/2018)

Has Devon Energy been receiving favorable news coverage?

Press coverage about DVN stock has been trending somewhat positive this week, InfoTrie reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Devon Energy earned a news sentiment score of 0.8 on InfoTrie's scale. They also gave media headlines about the energy company a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an effect on the stock's share price in the near future.

Are investors shorting Devon Energy?

Devon Energy saw a increase in short interest in February. As of February 28th, there was short interest totalling 17,936,788 shares, an increase of 18.8% from the February 15th total of 15,099,486 shares. Based on an average daily volume of 13,482,159 shares, the short-interest ratio is currently 1.3 days. Currently, 4.2% of the shares of the company are short sold. View Devon Energy's Current Options Chain.

Who are some of Devon Energy's key competitors?

What other stocks do shareholders of Devon Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Devon Energy investors own include Bank of America (BAC), Micron Technology (MU), Alibaba Group (BABA), General Electric (GE), Gilead Sciences (GILD), Intel (INTC), Exxon Mobil (XOM), Chesapeake Energy (CHK), Schlumberger (SLB) and ConocoPhillips (COP).

Who are Devon Energy's key executives?

Devon Energy's management team includes the folowing people:
  • Mr. David A. Hager, Pres, CEO & Director (Age 62)
  • Mr. Jeffrey L. Ritenour, Exec. VP & CFO (Age 46)
  • Mr. Tony D. Vaughn, Chief Operating Officer (Age 61)
  • Mr. Lyndon C. Taylor, Exec. VP of Legal & Gen. Counsel (Age 60)
  • Mr. J. Larry Nichols, Co-Founder & Chairman Emeritus (Age 77)

Who are Devon Energy's major shareholders?

Devon Energy's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.19%), FMR LLC (2.70%), Diamond Hill Capital Management Inc. (1.94%), Victory Capital Management Inc. (1.59%), American Century Companies Inc. (1.52%) and Geode Capital Management LLC (1.50%). Company insiders that own Devon Energy stock include John E Bethancourt, Lyndon C Taylor, Robert A Mosbacher Jr and Robert H Henry. View Institutional Ownership Trends for Devon Energy.

Which major investors are selling Devon Energy stock?

DVN stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Barrow Hanley Mewhinney & Strauss LLC, Lord Abbett & CO. LLC, CI Investments Inc., Perella Weinberg Partners Capital Management LP, Amundi Pioneer Asset Management Inc., Eaton Vance Management and Tweedy Browne Co LLC. Company insiders that have sold Devon Energy company stock in the last year include Lyndon C Taylor and Robert H Henry. View Insider Buying and Selling for Devon Energy.

Which major investors are buying Devon Energy stock?

DVN stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, American Century Companies Inc., Oregon Public Employees Retirement Fund, Connor Clark & Lunn Investment Management Ltd., Oslo Asset Management AS, Ceredex Value Advisors LLC, Victory Capital Management Inc. and BB&T Corp. Company insiders that have bought Devon Energy stock in the last two years include John E Bethancourt and Robert H Henry. View Insider Buying and Selling for Devon Energy.

How do I buy shares of Devon Energy?

Shares of DVN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Devon Energy's stock price today?

One share of DVN stock can currently be purchased for approximately $31.02.

How big of a company is Devon Energy?

Devon Energy has a market capitalization of $13.60 billion and generates $10.73 billion in revenue each year. The energy company earns $3.06 billion in net income (profit) each year or $1.29 on an earnings per share basis. Devon Energy employs 2,900 workers across the globe.

What is Devon Energy's official website?

The official website for Devon Energy is http://www.devonenergy.com.

How can I contact Devon Energy?

Devon Energy's mailing address is 333 WEST SHERIDAN AVENUE, OKLAHOMA CITY OK, 73102. The energy company can be reached via phone at 405-235-3611 or via email at [email protected]


MarketBeat Community Rating for Devon Energy (NYSE DVN)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  1,113 (Vote Outperform)
Underperform Votes:  693 (Vote Underperform)
Total Votes:  1,806
MarketBeat's community ratings are surveys of what our community members think about Devon Energy and other stocks. Vote "Outperform" if you believe DVN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DVN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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