Devon Energy Corp Company Profile (NYSE:DVN)

About Devon Energy Corp

Devon Energy Corp logoDevon Energy Corporation (Devon) is an independent energy company engaged 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 also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day. The Company operates through three segments: U.S., Canada and EnLink. Devon's U.S. and Canadian segments are engaged in oil and gas exploration and production activities. EnLink's operations consist of midstream assets and operations located across the United States. Its projects include Delaware Basin, STACK, Eagle Ford, Rockies Oil, Heavy Oil, Barnett Shale, and other assets, which are located in the Midland Basin, east Texas, Granite Wash and Mississippian-Lime areas. In addition, the Company holds interest in Jackfish and Pike.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Independent Oil & Gas
  • Sub-Industry: Oil & Gas Exploration & Production
  • Exchange: NYSE
  • Symbol: DVN
  • CUSIP: 25179M10
Key Metrics:
  • Previous Close: $43.99
  • 50 Day Moving Average: $45.63
  • 200 Day Moving Average: $44.17
  • 52-Week Range: $524,599,000.00 - $18.56
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 15.29
  • P/E Growth: 9.63
  • Market Cap: $22.46B
  • Outstanding Shares: 524,599,000
  • Beta: 2.17
  • 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%
Additional Links:
Companies Related to Devon Energy Corp:

Analyst Ratings

Consensus Ratings for Devon Energy Corp (NYSE:DVN) (?)
Ratings Breakdown: 9 Hold Ratings, 16 Buy Ratings, 2 Strong Buy Ratings
Consensus Rating:Buy (Score: 2.74)
Consensus Price Target: $48.54 (13.37% upside)

Analysts' Ratings History for Devon Energy Corp (NYSE:DVN)
DateFirmActionRatingPrice TargetDetails
2/16/2017Credit Suisse GroupReiterated RatingBuy$55.00View Rating Details
2/15/2017Societe GeneraleUpgradeHold -> Buy$55.00View Rating Details
2/15/2017KLR GroupBoost Price TargetBuy$53.00 -> $62.00View Rating Details
1/26/2017Barclays PLCBoost Price TargetOverweight$48.00 -> $54.00View Rating Details
1/17/2017Jefferies Group LLCDowngradeBuy -> Hold$48.00View Rating Details
1/11/2017Wells Fargo & CoDowngradeOutperform -> Market Perform$50.00View Rating Details
1/3/2017RBC Capital MarketsReiterated RatingBuy$54.00View Rating Details
12/9/2016Seaport Global SecuritiesUpgradeNeutral -> BuyView Rating Details
10/10/2016Bank of America CorpSet Price TargetBuy$64.00View Rating Details
9/6/2016Raymond James Financial, Inc.DowngradeOutperform -> Market Perform$45.84View Rating Details
9/6/2016Citigroup Inc.DowngradePositive -> Market PerformView Rating Details
8/23/2016ArgusBoost Price TargetBuy$51.00 -> $61.00View Rating Details
8/3/2016Morgan StanleySet Price TargetBuy$54.00View Rating Details
8/3/2016J P Morgan Chase & CoReiterated RatingBuyView Rating Details
7/17/2016Deutsche Bank AGReiterated RatingBuyView Rating Details
7/11/2016ScotiabankReiterated RatingOutperform -> Focus Stock$50.00 -> $61.00View Rating Details
7/11/2016Howard WeilUpgradeSector Outperform -> Focus Stock$50.00 -> $61.00View Rating Details
7/7/2016SimmonsReiterated RatingNeutral$39.00 -> $41.00View Rating Details
7/7/2016Piper Jaffray CompaniesReiterated RatingNeutral$39.00 -> $41.00View Rating Details
6/16/2016WunderlichBoost Price TargetBuy$40.00 -> $41.00View Rating Details
6/13/2016BMO Capital MarketsReiterated RatingBuy$35.00 -> $40.00View Rating Details
5/19/2016Johnson RiceUpgradeHold -> AccumulateView Rating Details
5/12/2016StephensReiterated RatingHoldView Rating Details
5/5/2016Sanford C. BernsteinBoost Price TargetOutperform$37.00 -> $38.00View Rating Details
5/4/2016Royal Bank of CanadaBoost Price TargetOutperform$36.00 -> $41.00View Rating Details
4/15/2016Evercore ISIUpgradeHold -> Buy$30.00 -> $40.00View Rating Details
3/8/2016Iberia CapitalLower Price TargetSector Perform$45.00 -> $30.00View Rating Details
2/22/2016Susquehanna Bancshares IncLower Price Target$37.00 -> $30.00View Rating Details
2/18/2016MacquarieLower Price TargetOutperform$52.00 -> $29.00View Rating Details
2/18/2016Wolfe ResearchDowngradeOutperform -> Market PerformView Rating Details
2/17/2016Mitsubishi UFJ Financial GroupUpgradeUnderweight -> NeutralView Rating Details
2/18/2016GuggenheimLower Price TargetBuy$57.00 -> $39.00View Rating Details
2/18/2016Goldman Sachs Group, Inc. (The)Lower Price TargetNeutral$39.00 -> $34.00View Rating Details
2/18/2016Cowen and CompanyLower Price TargetOutperform$46.00 -> $34.00View Rating Details
1/25/2016Tudor PickeringUpgradeAccumulate -> BuyView Rating Details
1/21/2016NomuraLower Price TargetNeutral$49.00 -> $32.00View Rating Details
12/8/2015Mitsubishi UFJ Financial Group IncReiterated RatingUnderweightView Rating Details
6/17/2015Oppenheimer Holdings, Inc.DowngradeOutperform -> Market Perform$70.00View Rating Details
6/11/2015GMP SecuritiesUpgradeHold -> Buy$82.00View Rating Details
6/2/2015Evercore Partners Inc.Initiated CoverageHold$76.00View Rating Details
5/20/2015Imperial CapitalInitiated CoverageOutperform$92.00View Rating Details
4/21/2015FBR & CoInitiated CoverageOutperformView Rating Details
(Data available from 2/26/2015 forward)


Earnings History for Devon Energy Corp (NYSE:DVN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/14/2017Q416$0.21$0.25$2.79 billion$2.81 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$1.05$0.93$4.11 billion$6.00 billionViewN/AView Earnings Details
11/4/2014Q314$1.24$1.34$4.15 billion$5.34 billionViewN/AView Earnings Details
8/6/2014Q214$1.40$1.64$3.71 billion$4.51 billionViewN/AView Earnings Details
5/7/2014Q114$1.26$1.14$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)
Current Year EPS Consensus Estimate: $1.97 EPS
Next Year EPS Consensus Estimate: $2.80 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20166($0.68)($0.24)($0.51)
Q2 20165($0.43)($0.11)($0.26)
Q3 20165($0.29)$0.09($0.07)
Q4 20164$0.14$0.22$0.18
Q1 20172$0.25$0.44$0.35
Q2 20172$0.31$0.39$0.35
Q3 20172$0.38$0.47$0.43
Q4 20172$0.45$0.53$0.49
Q1 20181$0.62$0.62$0.62
Q2 20181$0.70$0.70$0.70
Q3 20181$0.81$0.81$0.81
Q4 20181$0.93$0.93$0.93
(Data provided by Zacks Investment Research)


Current Dividend Information for Devon Energy Corp (NYSE:DVN)
Annual Dividend:$0.24
Dividend Yield:0.56%
Dividend Growth:-13.10% (3 Year Average)
Payout Ratio:-1.28% (Based on Trailing 12 Months of Earnings)
12.18% (Based on Current Year Consensus EPS Estimate)
8.57% (Based on Next Year Consensus EPS Estimate)

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

Insider Trades

Insider Trading History for Devon Energy Corp (NYSE:DVN)
Insider Ownership Percentage: 0.98%
Institutional Ownership Percentage: 77.18%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)


Latest Headlines for Devon Energy Corp (NYSE:DVN)
News IconTrump’s EPA chief let an oil company edit his emails (NYSE:DVN) - February 25 at 4:34 PM logoAnalyzing Ultra Petroleum’s 4Q16 Revenue (NYSE:DVN) - February 24 at 10:35 PM
News IconEarnings Clues on US Bancorp (USB), Devon Energy Corporation (DVN) Analyst's Predictions (NYSE:DVN) - February 24 at 11:46 AM
News IconThe KLR Group Raises Devon Energy Corporation (DVN) Price Target to $62.00 (NYSE:DVN) - February 24 at 11:46 AM logo[$$] EPA Chief Pruitt's Emails Show Close Ties With Oil and Gas (NYSE:DVN) - February 23 at 9:52 PM
News IconBrokers Ratings on: Devon Energy Corporation (NYSE:DVN) (NYSE:DVN) - February 23 at 4:51 PM
News IconSell-Side Analyst's Predictions: Archer-Daniels-Midland Company (ADM), Devon Energy Corporation (DVN) - The USA Commerce (NYSE:DVN) - February 23 at 3:09 AM
News IconCritical Chart Information For Devon Energy Corporation (DVN) - NY Stock News (NYSE:DVN) - February 23 at 3:09 AM
News IconHow Does Devon Energy Corporation (DVN) Stack Up Right Now? - StockNewsJournal (NYSE:DVN) - February 23 at 3:09 AM logoEPA Chief Battled Agency Armed With Industry Talking Points (NYSE:DVN) - February 22 at 10:08 PM logoDevon Energy Corp : Post Earnings Coverage as Devon Energy Revenue Increased Approximately 16% (NYSE:DVN) - February 22 at 5:07 PM
News IconComplete Evaluation of: EP Energy Corporation (NYSE:EPE) (NYSE:DVN) - February 22 at 5:07 PM
News IconIndependent Oil & Gas: Devon Energy Corporation (NYSE:DVN) Position of the day (NYSE:DVN) - February 22 at 5:07 PM logoDevon Energy Says Goodbye Debt, Hello Production Growth (NYSE:DVN) - February 22 at 5:07 PM logoPost Earnings Coverage as Devon Energy Revenue Increased Approximately 16% (NYSE:DVN) - February 22 at 5:07 PM logoE-Mails Reveal EPA Chief Cozied Up to Industry He Regulates (NYSE:DVN) - February 22 at 5:07 PM logoOklahoma releases emails between new EPA head and energy firms (NYSE:DVN) - February 22 at 5:07 PM logoEmails show ties between new EPA head, energy firms-watchdog (NYSE:DVN) - February 22 at 5:07 PM logoWhat Russia Beating Saudi Arabia at Its Own Game Means for Oil Stocks (NYSE:DVN) - February 22 at 5:07 PM
News IconStock Price of Devon Energy Corporation (DVN) Decreases -2.73% - Energy Index (NYSE:DVN) - February 22 at 6:55 AM
News IconThe Technicals For Devon Energy Corporation (DVN) Have Been Dissected (Brutally) - NY Stock News (NYSE:DVN) - February 22 at 6:55 AM
News IconBuy or Sell? Average Brokerage Ratings on Devon Energy Corporation (DVN), Hess Corporation (HES) - StockNewsJournal (NYSE:DVN) - February 22 at 6:55 AM logoOil & Gas Stock Roundup: Devon, Marathon's Q4, Matador's Midstream JV and More (NYSE:DVN) - February 22 at 6:55 AM
News IconHow Devon Energy Plans to Increase Cash Flow in 2017 (NYSE:DVN) - February 19 at 11:01 AM
News IconQ1 2017 EPS Estimates for Devon Energy Corporation Lowered by Analyst (DVN) (NYSE:DVN) - February 19 at 11:01 AM
News IconRecommendation Trends for Investors: Devon Energy Corporation (NYSE:DVN) (NYSE:DVN) - February 19 at 11:01 AM
News IconHot Stock for Investors: Devon Energy Corporation (NYSE:DVN) (NYSE:DVN) - February 19 at 11:01 AM
News IconPrice Forecast For Devon Energy Corporation (NYSE:DVN) Stock At $50.941 (NYSE:DVN) - February 19 at 11:01 AM
News IconAnalytical Report on Rating and Recommendation: Devon Energy Corp (NYSE:DVN) (NYSE:DVN) - February 19 at 11:01 AM
News IconDevon Energy Corporation (DVN) recently sold by insider Henry Robert H (NYSE:DVN) - February 19 at 11:01 AM
News IconAnalysts believe Devon Energy Corporation (NYSE:DVN) is worth $53.11 per share (NYSE:DVN) - February 19 at 11:01 AM logoDEVON ENERGY CORP/DE Financials (NYSE:DVN) - February 18 at 4:34 PM logoWill 4Q16 Mark a Low Point in Devon Energy’s Production Volumes? (NYSE:DVN) - February 17 at 6:42 PM logoDevon: The Report Is Concerning (NYSE:DVN) - February 17 at 6:42 PM logoDevon Energy Corp. :DVN-US: Earnings Analysis: 2016 By the Numbers : February 17, 2017 (NYSE:DVN) - February 17 at 6:42 PM
News IconDevon Energy to boost Oklahoma drilling in 2017 (NYSE:DVN) - February 16 at 8:29 PM logoDEVON ENERGY CORPORATION (NYSE:DVN) Files An 8-K Results of Operations and Financial Condition (NYSE:DVN) - February 16 at 8:29 PM
News IconWhy Devon Energy Corp (NYSE: DVN) is subdued (NYSE:DVN) - February 16 at 8:29 PM
News IconWhy Devon Energy Corp (NYSE: DVN) is subdued (NYSE:DVN) - February 16 at 8:29 PM logoDevon Energy 4Q Earnings Beats Analyst Estimates (NYSE:DVN) - February 16 at 8:29 PM logoDevon Energy 4Q Earnings Beats Analyst Estimates (NYSE:DVN) - February 16 at 8:29 PM logoDevon Energy 4Q Earnings Beats Analyst Estimates (NYSE:DVN) - February 16 at 8:29 PM logoDevon Energy upgraded by Societe Generale (NYSE:DVN) - February 16 at 8:29 PM logoDevon Energy upgraded by Societe Generale (NYSE:DVN) - February 16 at 8:29 PM logoDevon Energy upgraded by Societe Generale (NYSE:DVN) - February 16 at 8:29 PM logoHere's Why Devon Energy Stock Will Soar Higher - Seeking Alpha (NYSE:DVN) - February 16 at 3:25 PM logoDevon Energy (DVN) Q4 2016 Results - Earnings Call Transcript ... - Seeking Alpha (NYSE:DVN) - February 16 at 3:25 PM logoDEVON ENERGY CORP/DE Files SEC form 10-K, Annual Report (NYSE:DVN) - February 16 at 3:25 PM logoDevon Energy (DVN) Beats on Q4 Earnings, Gives '17 View (NYSE:DVN) - February 16 at 3:25 PM logoEdited Transcript of DVN earnings conference call or presentation 15-Feb-17 4:00pm GMT (NYSE:DVN) - February 16 at 3:25 PM


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, November 30th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.06 per share on Friday, March 31st. This represents a $0.24 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Monday, March 13th.

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

27 brokers have issued 12 month price objectives for Devon Energy Corp's stock. Their forecasts range from $30.00 to $64.00. On average, they anticipate Devon Energy Corp's stock price to reach $48.54 in the next year.

When will Devon Energy Corp announce their earnings?

Devon Energy Corp is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

What are analysts saying about Devon Energy Corp stock?

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

  • 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)

  • 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 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 State Street Corp (5.30%), FMR LLC (2.11%), Fiduciary Management Inc. WI (1.71%), Artisan Partners Limited Partnership (1.49%), Barrow Hanley Mewhinney & Strauss LLC (0.97%) and Renaissance Technologies LLC (0.70%). Company insiders that own Devon Energy Corp stock include Barbara M Baumann, Robert A Mosbacher Jr and Robert H Henry.

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 Alyeska Investment Group L.P., Systematic Financial Management LP, Fiduciary Management Inc. WI, Clough Capital Partners L P, FMR LLC, Franklin Resources Inc., I.G. Investment Management LTD. and Castleark Management LLC.

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 Discovery Capital Management LLC CT, Shelton Capital Management, State Street Corp, Asset Management One Co. Ltd., Barrow Hanley Mewhinney & Strauss LLC, Russell Investments Group Ltd., Janus Capital Management LLC and DFT Energy LP.

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 $42.81.

Devon Energy Corp (NYSE:DVN) Chart for Sunday, February, 26, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Devon Energy Corp (NYSE:DVN)

Earnings History Chart

Earnings by Quarter for Devon Energy Corp (NYSE:DVN)

Dividend History Chart

Dividend Payments by Quarter for Devon Energy Corp (NYSE:DVN)

Last Updated on 2/26/2017 by Staff