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
SectorOils/Energy
SymbolNYSE:DVN
CUSIP25179M10
Phone405-235-3611
Debt
Debt-to-Equity Ratio0.73%
Current Ratio1.45%
Quick Ratio1.45%
Price-To-Earnings
Trailing P/E Ratio55.87
Forward P/E Ratio26.87
P/E Growth3.85
Sales & Book Value
Annual Sales$13.95 billion
Price / Sales1.33
Cash Flow$4.6684 per share
Price / Cash7.54
Book Value$26.86 per share
Price / Book1.31
Profitability
EPS (Most Recent Fiscal Year)$0.63
Net Income$898 million
Net Margins10.04%
Return on Equity6.92%
Return on Assets3.02%
Miscellaneous
Employees4,900
Outstanding Shares526,100,000
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 announced a quarterly dividend on Wednesday, March 7th. Stockholders of record on Friday, June 15th will be given a dividend of $0.08 per share on Friday, June 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, June 14th. This is an increase from Devon Energy's previous quarterly dividend of $0.06. View Devon Energy's Dividend History.
How will Devon Energy's stock buyback program work?
Devon Energy announced that its Board of Directors has approved a share buyback program on Thursday, March 8th 2018, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.
How were Devon Energy's earnings last quarter?
Devon Energy (NYSE:DVN) released its earnings results on Tuesday, February, 20th. The energy company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.60 by $0.22. The energy company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.58 billion. Devon Energy had a return on equity of 6.92% and a net margin of 10.04%. Devon Energy's quarterly revenue was up 41.8% on a year-over-year basis. During the same period last year, the business earned $0.25 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 brokerages have issued 1-year price targets for Devon Energy's shares. Their forecasts range from $28.00 to $68.00. On average, they expect Devon Energy's stock price to reach $45.1579 in the next year. View Analyst Ratings for Devon Energy.
Are investors shorting Devon Energy?
Devon Energy saw a decrease in short interest in April. As of April 13th, there was short interest totalling 13,689,080 shares, a decrease of 20.5% from the March 30th total of 17,226,184 shares. Based on an average daily trading volume, of 7,318,227 shares, the short-interest ratio is currently 1.9 days. Currently, 2.7% of the shares of the stock are sold short.
Who are some of Devon Energy's key competitors?
Some companies that are related to Devon Energy include CNOOC (CEO), ENI (E), EOG Resources (EOG), Occidental Petroleum (OXY), Ecopetrol (EC), Canadian Natural Resources (CNQ), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Continental Resources (CLR), Concho Resources (CXO), Sasol (SSL), Woodside Petroleum (WOPEY), Noble Energy (NBL) and RWE (RWEOY).
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. J. Larry Nichols, Co-Founder and Chairman Emeritus (Age 76)
- Mr. Tony D. Vaughn, Chief Operating Officer (Age 60)
- Mr. Lyndon C. Taylor, Exec. VP of Legal and Gen. Counsel (Age 59)
- Mr. Jeffrey L. Ritenour, Exec. VP & CFO (Age 45)
Has Devon Energy been receiving favorable news coverage?
Media headlines about DVN stock have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. 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 coverage optimism score of 0.21 on Accern's scale. They also assigned media headlines about the energy company an impact score of 45.41 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.
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 $35.20.
How big of a company is Devon Energy?
Devon Energy has a market capitalization of $18.64 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.
Devon Energy (NYSE:DVN) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
25 Wall Street analysts have issued ratings and price targets for Devon Energy in the last 12 months. Their average twelve-month price target is $45.1579, suggesting that the stock has a possible upside of 28.29%. The high price target for DVN is $68.00 and the low price target for DVN is $28.00. There are currently 6 hold ratings and 19 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.76 | 2.77 | 2.78 | 2.72 |
| Ratings Breakdown: | 0 Sell Rating(s)
6 Hold Rating(s)
19 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
17 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $45.1579 | $45.4211 | $47.00 | $45.4706 |
| Price Target Upside: | 28.29% upside | 46.52% upside | 5.57% upside | 27.26% upside |
Devon Energy (NYSE:DVN) Consensus Price Target History
Devon Energy (NYSE:DVN) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Devon Energy (NYSE:DVN) Dividend Information
Devon Energy pays an annual dividend of $0.24 per share, with a dividend yield of 0.68%. DVN's next quarterly dividend payment will be made on Friday, June 29. Devon Energy pays out 38.10% of its earnings out as a dividend.
| Next Dividend: | 6/29/2018 |
| Annual Dividend: | $0.24 |
| Dividend Yield: | 0.68% |
| Dividend Growth: | -36.60% (3 Year Average) |
| Payout Ratio: | 38.10% (Trailing 12 Months of Earnings)
18.32% (Based on This Year's Estimates)
11.71% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Devon Energy (NYSE:DVN) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/7/2018 | quarterly | $0.08 | 1.03392568659128% | 6/14/2018 | 6/15/2018 | 6/29/2018 |
| 11/29/2017 | quarterly | $0.06 | 0.62% | 3/14/2018 | 3/15/2018 | 3/29/2018 |
| 9/13/2017 | quarterly | $0.06 | 0.71% | 12/14/2017 | 12/15/2017 | 12/29/2017 |
| 6/7/2017 | quarterly | $0.06 | 0.76% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 3/1/2017 | quarterly | $0.06 | 0.55% | 6/13/2017 | 6/15/2017 | 6/30/2017 |
| 11/30/2016 | quarterly | $0.06 | 0.5% | 3/13/2017 | 3/15/2017 | 3/31/2017 |
| 9/14/2016 | quarterly | $0.06 | 0.59% | 12/13/2016 | 12/15/2016 | 12/30/2016 |
| 6/8/2016 | quarterly | $0.06 | 0.64% | 9/13/2016 | 9/15/2016 | 9/30/2016 |
| 2/16/2016 | quarterly | $0.06 | 1.18% | 6/13/2016 | 6/15/2016 | 6/30/2016 |
| 12/2/2015 | quarterly | $0.24 | 2.34% | 3/11/2016 | 3/15/2016 | 3/31/2016 |
| 9/16/2015 | quarterly | $0.24 | 2.35% | 12/11/2015 | 12/15/2015 | 12/31/2015 |
| 6/3/2015 | quarterly | $0.24 | 1.52% | 9/11/2015 | 9/15/2015 | 9/30/2015 |
| 3/5/2015 | quarterly | $0.24 | 1.62% | 6/11/2015 | 6/15/2015 | 6/30/2015 |
| 12/3/2014 | quarterly | $0.24 | 1.61% | 3/11/2015 | 3/13/2015 | 3/31/2015 |
| 9/10/2014 | quarterly | $0.24 | 1.36% | 12/10/2014 | 12/12/2014 | 12/31/2014 |
| 6/4/2014 | quarterly | $0.24 | 1.28% | 9/10/2014 | 9/12/2014 | 9/30/2014 |
| 3/5/2014 | quarterly | $0.24 | 1.49% | 6/11/2014 | 6/13/2014 | 6/30/2014 |
| 12/4/2013 | quarterly | $0.22 | 1.43% | 3/12/2014 | 3/14/2014 | 3/31/2014 |
| 9/11/2013 | quarterly | $0.22 | 1.49% | 12/11/2013 | 12/13/2013 | 12/31/2013 |
| 6/5/2013 | quarterly | $0.22 | 1.58% | 9/11/2013 | 9/13/2013 | 9/30/2013 |
| 3/6/2013 | quarterly | $0.22 | 1.58% | 6/12/2013 | 6/14/2013 | 6/28/2013 |
(Data available from 1/1/2013 forward)
Devon Energy (NYSE DVN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.51%
Institutional Ownership Percentage: 82.20%
Devon Energy (NYSE DVN) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/14/2017 | Lyndon C Taylor | EVP | Sell | 12,798 | $38.29 | $490,035.42 | 67,900 |  |
| 8/4/2017 | Robert H Henry | Director | Sell | 7,045 | $33.35 | $234,950.75 | 11,338 | |
| 4/21/2017 | Robert A Mosbacher Jr | Director | Sell | 800 | $39.18 | $31,344.00 | 23,308 | |
| 6/20/2016 | Robert H Henry | Director | Sell | 7,100 | $37.43 | $265,753.00 | 9,748 | |
| 1/6/2016 | Barbara M Baumann | Director | Buy | 8,200 | $30.44 | $249,608.00 | 21,320 | |
| 7/6/2015 | Barbara M Baumann | Director | Buy | 4,500 | $56.58 | $254,610.00 | | |
| 6/10/2015 | Robert A Mosbacher Jr | Director | Sell | 3,200 | $64.00 | $204,800.00 | | |
| 12/23/2014 | Robert H Henry | Director | Sell | 4,089 | $61.12 | $249,919.68 | | |
| 10/23/2014 | Akash Patel | Director | Buy | 25,000 | $0.17 | $4,250.00 | | |
| 10/15/2014 | John E Bethancourt | Director | Buy | 9,150 | $54.64 | $499,956.00 | | |
| 8/29/2014 | Robert A Mosbacher Jr | Director | Sell | 4,100 | $74.75 | $306,475.00 | | |
| 7/17/2014 | Frank W Rudolph | EVP | Sell | 48,493 | $78.00 | $3,782,454.00 | | |
| 7/14/2014 | Frank W Rudolph | EVP | Sell | 20,135 | $77.08 | $1,552,005.80 | | |
| 6/23/2014 | Robert A Mosbacher Jr | Director | Sell | 3,500 | $79.07 | $276,745.00 | | |
| 5/19/2014 | Frank Rudolph | EVP | Sell | 1,000 | $71.31 | $71,310.00 | 46,369 | |
| 7/18/2013 | William F Whitsitt | EVP | Sell | 2,000 | $57.00 | $114,000.00 | | |
(Data available from 1/1/2013 forward)
Devon Energy (NYSE DVN) News Headlines
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Devon Energy (NYSE:DVN) SEC Filings
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Devon Energy (NYSE:DVN) Income Statement, Balance Sheet and Cash Flow Statement
Devon Energy (NYSE DVN) Stock Chart for Wednesday, April, 25, 2018
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