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
Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNYSE:DVN
CUSIP25179M10
Phone405-235-3611
Debt
Debt-to-Equity Ratio0.45
Current Ratio1.65
Quick Ratio1.65
Price-To-Earnings
Trailing P/E Ratio64.11
Forward P/E Ratio24.73
P/E Growth3.48
Sales & Book Value
Annual Sales$13.95 billion
Price / Sales1.48
Cash Flow$4.7818 per share
Price / Cash8.48
Book Value$26.86 per share
Price / Book1.51
Profitability
EPS (Most Recent Fiscal Year)$0.63
Net Income$898 million
Net Margins-1.60%
Return on Equity5.52%
Return on Assets2.50%
Miscellaneous
Employees4,900
Outstanding Shares508,800,000
Market Cap$20.29 billion
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, September 12th. Stockholders of record on Friday, December 14th will be given a dividend of $0.08 per share on Friday, December 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, December 13th. View Devon Energy's Dividend History.
How will Devon Energy's stock buyback program work?
Devon Energy declared that its Board of Directors has approved a stock repurchase plan on Wednesday, June 6th 2018, which authorizes the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 14.6% of its stock through open market purchases. Stock buyback plans are often 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 data on Tuesday, July, 31st. The energy company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.37 by $0.03. The energy company earned $2.25 billion during the quarter, compared to analyst estimates of $3.96 billion. Devon Energy had a negative net margin of 1.60% and a positive return on equity of 5.52%. During the same quarter in the prior year, the firm earned $0.80 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?
28 brokerages have issued 1-year target prices for Devon Energy's stock. Their predictions range from $35.00 to $65.00. On average, they anticipate Devon Energy's share price to reach $50.3333 in the next year. This suggests a possible upside of 24.2% from the stock's current price. View Analyst Price Targets for Devon Energy.
What is the consensus analysts' recommendation for Devon Energy?
28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 7 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Devon Energy.
What are Wall Street analysts saying about Devon Energy stock?
Here are some recent quotes from research analysts about Devon Energy stock:
- 1. According to Zacks Investment Research, "In a year’s time, Devon Energy’s shares have outperformed its industry. Devon continues to benefit from strong domestic oil production. Devon’s diversified portfolio, focus on high margin production zones, cost savings and divestment of non-core assets are boosting its performance. Thanks to solid oil production and the performance of its domestic oil players, the company is well poised to deliver a significant increase in U.S. oil production in 2018 from 2017 levels. However, the highly competitive nature of the oil and gas industry has always been a headwind." (7/25/2018)
- 2. Stifel Nicolaus analysts commented, "We forecast revenue of $90.0 million, up 4.2% YOY. The consensus is $92.3 million. Services (ES) segment (66% of estimated revenue), we forecast revenue growth of 8.4% YOY to $59.7 million, as we project that the business will be able to maintain the high-single-digit growth rate achieved during the prior three quarters following significant investments in new sales personnel and branch openings." (7/19/2018)
Are investors shorting Devon Energy?
Devon Energy saw a drop in short interest in August. As of August 31st, there was short interest totalling 18,781,505 shares, a drop of 26.4% from the August 15th total of 25,513,605 shares. Based on an average daily trading volume, of 4,433,420 shares, the days-to-cover ratio is currently 4.2 days. Approximately 3.8% of the shares of the stock are short sold. View Devon Energy's Current Options Chain.
Who are some of Devon Energy's key competitors?
Some companies that are related to Devon Energy include PETROLEO BRASIL/ADR (PBR), EOG Resources (EOG), ENI (E), PETROLEO BRASIL/S (PBR.A), Occidental Petroleum (OXY), Ecopetrol (EC), Canadian Natural Resource (CNQ), Anadarko Petroleum (APC), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), Concho Resources (CXO), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR) and Marathon Oil (MRO).
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 & Chairman Emeritus (Age 76)
Has Devon Energy been receiving favorable news coverage?
News coverage about DVN stock has trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Devon Energy earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned news articles about the energy company an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Devon Energy.
Who are Devon Energy's major shareholders?
Devon Energy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.56%), FMR LLC (2.32%), Diamond Hill Capital Management Inc. (1.81%), Victory Capital Management Inc. (1.35%), Artisan Partners Limited Partnership (1.20%) and Northern Trust Corp (1.17%). 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 Standard Life Aberdeen plc, American Century Companies Inc., Artisan Partners Limited Partnership, Tweedy Browne Co LLC, CIBC World Markets Inc., Morgan Stanley, Federated Investors Inc. PA and Stelliam Investment Management LP. 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 bought by a variety of institutional investors in the last quarter, including Perella Weinberg Partners Capital Management LP, Diamond Hill Capital Management Inc., FMR LLC, BlueMountain Capital Management LLC, Soros Fund Management LLC, Natixis, OppenheimerFunds Inc. and PointState Capital LP. 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 $40.54.
How big of a company is Devon Energy?
Devon Energy has a market capitalization of $20.29 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 (NYSE 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.
