About Devon Energy Corporation
Devon 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
- Previous Close: $44.17
- 50 Day Moving Average: $46.27
- 200 Day Moving Average: $43.68
- 52-Week Range: $523,000,000.00 - $18.07
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 15.78
- P/E Growth: 10.25
- Market Cap: $23.17B
- Outstanding Shares: 523,000,000
- Beta: 2.17
- Net Margins: -69.59%
- Return on Equity: 1.48%
- Return on Assets: 0.53%
Companies Related to Devon Energy Corporation:
- Debt-to-Equity Ratio: 1.09%
- Current Ratio: 1.56%
- Quick Ratio: 1.56%
What is Devon Energy Corporation's stock symbol?
Devon Energy Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "DVN."
How often does Devon Energy Corporation pay dividends? What is the dividend yield for Devon Energy Corporation?
Devon Energy Corporation declared a quarterly dividend on Wednesday, November 30th. Investors of record on Wednesday, March 15th will be paid 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 0.54%. The ex-dividend date is Monday, March 13th.
Where is Devon Energy Corporation's stock going? Where will Devon Energy Corporation's stock price be in 2017?
27 brokers have issued twelve-month target prices for Devon Energy Corporation's shares. Their predictions range from $30.00 to $64.00. On average, they anticipate Devon Energy Corporation's share price to reach $47.79 in the next twelve months.
When will Devon Energy Corporation announce their earnings?
Devon Energy Corporation is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.
What are analysts saying about Devon Energy Corporation stock?
Here are some recent quotes from research analysts about Devon Energy Corporation stock:
- 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)
According to Zacks Investment Research, "Devon Energy persistent focus on high-quality North American properties has led to robust oil output. We expect the consistently strong production in the Eagle Ford and Delaware Basin assets, and the Canadian heavy oil operations to help maintain production levels. The company completed its asset sale target for 2016 by divesting assets worth $3.2 billion and used the proceeds to lower its debt level and make investments in the high-quality resource plays. The shares of Devon Energy have returned higher than the broader industry in the last twelve months. The highly competitive oil and gas industry has always been a headwind, and limited control over some properties could have a material impact on Devon’s performance. Devon’s profitability is subject to oil, natural gas and NGL prices, which are volatile and cyclical in nature." (1/16/2017)
Morgan Stanley analysts commented, "Too Much Gas Behind This Rally; Downgrading to Sell Following SWN’s recent outperformance (+33% vs. gassy resource peers’ +11% over the past 30 days) & assuming current futures strip prices, we estimate it is now trading at 2016-17E EV/EBITDX multiples of ~23.9x & ~12.0x…well above its historical avg of 7.2x (see Figure 5). This rally has dramatically exceeded the ~$0.10/MMBtu increase in the 2017 futures strip over this time period, leaving SWN reflecting a recovery to a much higher natural gas price. And while we expect much higher 2017 natural gas prices, SWN already seems to reflect a recovery to ~$3.50/MMBtu or higher (above the 2017 curve of $2.84/MMBtu and our normalized forecast of $3.25/MMBtu) despite an over-leveraged balance sheet, declining production, and avg cash flow per debt- adjusted share growth from 2016-20 (see Figures 4 & 6)." (4/19/2016)
Who owns Devon Energy Corporation stock?
Devon Energy Corporation's stock is owned by a variety 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 Corporation stock include Barbara M Baumann, Robert A Mosbacher Jr and Robert H Henry.
Who sold Devon Energy Corporation stock? Who is selling Devon Energy Corporation stock?
Devon Energy Corporation'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., Castleark Management LLC and RidgeWorth Capital Management LLC.
Who bought Devon Energy Corporation stock? Who is buying Devon Energy Corporation stock?
Devon Energy Corporation's stock was acquired 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 Corporation stock?
Shares of Devon Energy Corporation 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 Corporation stock cost?
One share of Devon Energy Corporation stock can currently be purchased for approximately $44.17.