NYSE:DVNDevon Energy Stock Price, Forecast & News

Devon Energy's stock was trading at $8.41 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, DVN shares have increased by 44.4% and is now trading at $12.14. View which stocks have been most impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 8 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Devon Energy.

Devon Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Devon Energy.

Devon Energy Corp (NYSE:DVN) announced its quarterly earnings results on Tuesday, May, 5th. The energy company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.31. The energy company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.47 billion. Devon Energy had a negative net margin of 24.91% and a positive return on equity of 7.81%. The company's revenue for the quarter was up 93.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 earnings per share. View Devon Energy's earnings history.

Devon Energy declared a quarterly dividend on Tuesday, February 18th. Investors of record on Monday, June 15th will be given a dividend of $0.11 per share on Tuesday, June 30th. This represents a $0.44 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Friday, June 12th. This is an increase from Devon Energy's previous quarterly dividend of $0.09. View Devon Energy's dividend history.

Devon Energy announced that its Board of Directors has approved a stock repurchase program on Wednesday, June 6th 2018, which allows the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 14.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its stock is undervalued.

21 Wall Street analysts have issued 1 year price targets for Devon Energy's stock. Their forecasts range from $6.00 to $39.00. On average, they anticipate Devon Energy's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 64.7% from the stock's current price. View analysts' price targets for Devon Energy.

Media coverage about DVN stock has been trending somewhat positive on Monday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Devon Energy earned a coverage optimism score of 1.5 on InfoTrie's scale. They also gave press coverage about the energy company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutDevon Energy.

Devon Energy saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 14,720,000 shares, a drop of 26.5% from the April 30th total of 20,030,000 shares. Based on an average trading volume of 12,060,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 4.0% of the company's shares are sold short. View Devon Energy's Current Options Chain.

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), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Apache (APA), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Southwestern Energy (SWN) and Range Resources (RRC). View all competitors.

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

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

Devon Energy's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.30%), Invesco Ltd. (7.30%), State Street Corp (6.40%), Victory Capital Management Inc. (2.29%), Victory Capital Management Inc. (2.29%) and Geode Capital Management LLC (1.71%). Company insiders that own Devon Energy stock include Jeremy D Humphers, John E Bethancourt, Lyndon C Taylor 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 Eaton Vance Management, Wellington Management Group LLP, Healthcare of Ontario Pension Plan Trust Fund, Canada Pension Plan Investment Board, Paloma Partners Management Co, Natixis Advisors L.P., Alliancebernstein L.P., and Tudor Investment Corp Et Al. View insider buying and selling activity for Devon Energy.

DVN stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., State Street Corp, Parametric Portfolio Associates LLC, BlackRock Inc., Deutsche Bank AG, Luminus Management LLC, Alyeska Investment Group L.P., and Morgan Stanley. 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 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 $12.14.

Devon Energy has a market capitalization of $4.65 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]