About Devon Energy (NYSE:DVN)
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 14,600 gross wells. The company also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants and treatment facilities. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
Trailing P/E Ratio63.89
Forward P/E Ratio24.54
Sales & Book Value
Annual Sales$13.95 billion
Price / Sales1.51
Cash Flow$4.7021 per share
Price / Cash8.56
Book Value$26.86 per share
Price / Book1.50
EPS (Most Recent Fiscal Year)$0.63
Net Income$898 million
Return on Equity5.68%
Return on Assets2.55%
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 Wednesday, June 6th. Investors of record on Friday, September 14th will be given a dividend of $0.08 per share on Friday, September 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, September 13th. View Devon Energy's Dividend History.
How will Devon Energy's stock buyback program work?
Devon Energy announced that its board has authorized a stock repurchase plan on Wednesday, June 6th 2018, which allows the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 14.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.
How were Devon Energy's earnings last quarter?
Devon Energy Corp (NYSE:DVN) released its quarterly earnings results on Tuesday, May, 1st. The energy company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The energy company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.85 billion. Devon Energy had a return on equity of 5.68% and a net margin of 4.49%. Devon Energy's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.07 earnings per share. View Devon Energy's Earnings History.
When is Devon Energy's next earnings date?
What price target have analysts set for DVN?
25 Wall Street analysts have issued 12-month price targets for Devon Energy's stock. Their forecasts range from $28.00 to $68.00. On average, they expect Devon Energy's share price to reach $45.60 in the next twelve months. View Analyst Ratings for Devon Energy.
Are investors shorting Devon Energy?
Devon Energy saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 14,013,325 shares, an increase of 29.7% from the April 30th total of 10,807,249 shares. Based on an average trading volume of 9,706,110 shares, the short-interest ratio is currently 1.4 days. Approximately 2.7% of the shares of the stock are short sold.
Who are some of Devon Energy's key competitors?
Some companies that are related to Devon Energy include CNOOC (CEO), EOG Resources (EOG), ENI (E), Occidental Petroleum (OXY), PETROLEO BRASIL/ADR (PBR), PETROLEO BRASIL/RED PFD sh (PBR.A), Ecopetrol (EC), Canadian Natural Resource (CNQ), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR) and Concho Resources (CXO).
Who are Devon Energy's key executives?
Devon Energy's management team includes the folowing people:
- Mr. David A. Hager, Pres, CEO & Director (Age 61)
- Mr. Jeffrey L. Ritenour, Exec. VP & CFO (Age 45)
- Mr. Tony D. Vaughn, Chief Operating Officer (Age 60)
- Mr. Lyndon C. Taylor, Exec. VP of Legal & Gen. Counsel (Age 59)
- Mr. J. Larry Nichols, Co-Founder and Chairman Emeritus (Age 76)
Has Devon Energy been receiving favorable news coverage?
News coverage about DVN stock has trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Devon Energy earned a news sentiment score of 0.21 on Accern's scale. They also assigned media headlines about the energy company an impact score of 45.23 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Devon Energy's major shareholders?
Devon Energy's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.25%), Diamond Hill Capital Management Inc. (1.50%), Victory Capital Management Inc. (1.41%), Artisan Partners Limited Partnership (1.41%), American Century Companies Inc. (1.24%) and Barrow Hanley Mewhinney & Strauss LLC (1.24%). 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 institutional investors are selling Devon Energy stock?
DVN stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Prudential Financial Inc., Scout Investments Inc., Northern Trust Corp, Swiss National Bank, State of Wisconsin Investment Board, Lord Abbett & CO. LLC and BB&T Securities 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 institutional investors are buying Devon Energy stock?
DVN stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Diamond Hill Capital Management Inc., American Century Companies Inc., Neuberger Berman Group LLC, Victory Capital Management Inc., Rothschild Asset Management Inc., Dimensional Fund Advisors LP and State of New Jersey Common Pension Fund D. 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 $40.25.
How big of a company is Devon Energy?
Devon Energy has a market capitalization of $21.07 billion and generates $13.95 billion in revenue each year. The energy company earns $898 million in net income (profit) each year or $0.63 on an earnings per share basis. Devon Energy employs 4,900 workers across the globe.
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 (DVN)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.