Devon Energy Stock Forecast, Price & News

Devon Energy's stock was trading at $8.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DVN shares have increased by 1.9% and is now trading at $8.57.
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22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 5 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Devon Energy.

Devon Energy Co. (NYSE:DVN) posted its earnings results on Thursday, October, 29th. The energy company reported ($0.04) EPS for the quarter, beating the Zacks' consensus estimate of ($0.08) by $0.04. The energy company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.11 billion. Devon Energy had a negative net margin of 51.02% and a positive return on equity of 4.29%. The company's revenue for the quarter was down 38.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share.
View Devon Energy's earnings history.

Devon Energy announced a quarterly dividend on Wednesday, September 16th. Investors of record on Friday, December 11th will be given a dividend of $0.11 per share on Wednesday, December 30th. This represents a $0.44 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend is Thursday, December 10th.
View Devon Energy's dividend history.

22 Wall Street analysts have issued twelve-month target prices for Devon Energy's shares. Their forecasts range from $10.00 to $30.00. On average, they expect Devon Energy's share price to reach $16.59 in the next twelve months. This suggests a possible upside of 93.6% from the stock's current price.
View analysts' price targets for Devon Energy.

Devon Energy saw a increase in short interest in October. As of October 15th, there was short interest totaling 17,240,000 shares, an increase of 22.6% from the September 30th total of 14,060,000 shares. Based on an average trading volume of 9,150,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 4.7% of the company's shares are sold short.
View Devon Energy's Short Interest.

Some companies that are related to Devon Energy include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Continental Resources (CLR), Noble Energy (NBL), Diamondback Energy (FANG), EQT (EQT), Marathon Oil (MRO), Apache (APA), Cimarex Energy (XEC), WPX Energy (WPX), Range Resources (RRC) and Southwestern Energy (SWN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Devon Energy investors own include Bank of America (BAC), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Pfizer (PFE), Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), AT&T (T) and General Electric (GE).

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

Devon Energy's stock is owned by many different institutional and retail investors. Top institutional shareholders include LSV Asset Management (0.49%), Robeco Institutional Asset Management B.V. (0.16%), Envestnet Asset Management Inc. (0.16%), Nepsis Inc. (0.11%), Guinness Asset Management LTD (0.08%) and Greatmark Investment Partners Inc. (0.06%). Company insiders that own Devon Energy stock include Jeremy D Humphers and Robert H Henry.
View institutional ownership trends for Devon Energy.

DVN stock was sold by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Wakefield Asset Management LLLP, Cliftonlarsonallen Wealth Advisors LLC, Standard Life Aberdeen plc, Envestnet Asset Management Inc., BTR Capital Management Inc., State of New Jersey Common Pension Fund D, and NuWave Investment Management LLC.
View insider buying and selling activity for Devon Energy.

DVN stock was bought by a variety of institutional investors in the last quarter, including Nepsis Inc., Greatmark Investment Partners Inc., LSV Asset Management, Salem Capital Management Inc., Adams Natural Resources Fund Inc., Private Asset Management Inc., Kwmg LLC, and IBM Retirement Fund.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of DVN stock can currently be purchased for approximately $8.57.

Devon Energy has a market capitalization of $3.28 billion and generates $6.22 billion in revenue each year. The energy company earns $-355,000,000.00 in net income (profit) each year or $1.38 on an earnings per share basis. Devon Energy employs 1,800 workers across the globe.

The official website for Devon Energy is www.devonenergy.com.

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]