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 Ratio0.70
Current Ratio1.04
Quick Ratio1.04
Price-To-Earnings
Trailing P/E Ratio69.44
Forward P/E Ratio25.71
P/E Growth1.91
Sales & Book Value
Annual Sales$13.95 billion
Price / Sales1.66
Cash Flow$4.7143 per share
Price / Cash9.38
Book Value$26.86 per share
Price / Book1.65
Profitability
EPS (Most Recent Fiscal Year)$0.63
Net Income$898 million
Net Margins4.49%
Return on Equity5.68%
Return on Assets2.55%
Miscellaneous
Employees4,900
Outstanding Shares523,400,000
Market Cap$23,071.47
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 0.72%. 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?
26 Wall Street analysts have issued 12-month price targets for Devon Energy's stock. Their forecasts range from $35.00 to $65.00. On average, they expect Devon Energy's share price to reach $47.25 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price. View Analyst Ratings for Devon Energy.
What is the consensus analysts' recommendation for Devon Energy?
26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 8 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about Devon Energy stock?
Here are some recent quotes from research analysts about Devon Energy stock:
- 1. 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)
- 2. 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." (6/18/2018)
Who are some of Devon Energy's key competitors?
Some companies that are related to Devon Energy include EOG Resources (EOG), CNOOC (CEO), PETROLEO BRASIL/ADR (PBR), ENI (E), Occidental Petroleum (OXY), PETROLEO BRASIL/RED PFD sh (PBR.A), Canadian Natural Resource (CNQ), Ecopetrol (EC), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Sasol (SSL), WOODSIDE Pet Lt/ADR (WOPEY), 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?
Media stories about DVN stock have trended positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Devon Energy earned a news sentiment score of 0.25 on Accern's scale. They also assigned news articles about the energy company an impact score of 45.70 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Devon Energy's major shareholders?
Devon Energy's stock is owned by many different of institutional and retail investors. Top institutional investors include Retirement Systems of Alabama (0.10%), Scout Investments Inc. (0.08%), Sit Investment Associates Inc. (0.06%), Gulf International Bank UK Ltd (0.03%), NN Investment Partners Holdings N.V. (0.03%) and Nisa Investment Advisors LLC (0.03%). 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 major investors are selling Devon Energy stock?
DVN stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Pendal Group Ltd, NN Investment Partners Holdings N.V., Thompson Investment Management Inc., Calamos Advisors LLC, Westpac Banking Corp, Bourgeon Capital Management LLC and Stonebridge Capital Management Inc.. 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 major investors are buying Devon Energy stock?
DVN stock was acquired by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, CENTRAL TRUST Co, Sit Investment Associates Inc., Oakbrook Investments LLC, New England Research & Management Inc., Gulf International Bank UK Ltd, IFM Investors Pty Ltd and State of Alaska Department of Revenue. 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 $44.28.
How big of a company is Devon Energy?
Devon Energy has a market capitalization of $23.07 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 (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.
