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 Ratio56.19
Forward P/E Ratio23.92
P/E Growth3.5
Sales & Book Value
Annual Sales$13.95 billion
Price / Sales1.34
Cash Flow$4.6094 per share
Price / Cash7.68
Book Value$26.86 per share
Price / Book1.32
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 declared a quarterly dividend on Wednesday, March 7th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.08 per share on Friday, June 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.90%. 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 declared that its Board of Directors has initiated a stock buyback program on Thursday, March 8th 2018, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.
How were Devon Energy's earnings last quarter?
Devon Energy (NYSE:DVN) released its quarterly earnings data on Tuesday, February, 20th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.22. The energy company earned $3.98 billion during the quarter, compared to analyst estimates of $3.58 billion. Devon Energy had a net margin of 10.04% and a return on equity of 6.92%. Devon Energy's quarterly revenue was up 41.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. View Devon Energy's Earnings History.
When is Devon Energy's next earnings date?
What price target have analysts set for DVN?
25 brokers have issued 1-year target prices for Devon Energy's shares. Their forecasts range from $28.00 to $68.00. On average, they anticipate Devon Energy's stock price to reach $45.4737 in the next twelve months. View Analyst Ratings for Devon Energy.
Are investors shorting Devon Energy?
Devon Energy saw a increase in short interest in the month of March. As of March 15th, there was short interest totalling 18,645,191 shares, an increase of 27.1% from the February 28th total of 14,673,855 shares. Based on an average daily trading volume, of 9,024,854 shares, the days-to-cover ratio is currently 2.1 days. Currently, 3.7% of the company's stock are short sold.
Who are some of Devon Energy's key competitors?
Some companies that are related to Devon Energy include Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Sasol (SSL), Continental Resources (CLR), Concho Resources (CXO), Noble Energy (NBL), RWE (RWEOY), Apache (APA), Marathon Oil (MRO), Toray Industries (TRYIY), Galp (GLPEY), EQT (EQT), Cenovus Energy (CVE), Diamondback Energy (FANG), Encana (ECA), Cabot Oil & Gas (COG) and Parsley Energy (PE).
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?
Headlines about DVN stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news 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 sentiment score of 0.11 on Accern's scale. They also gave media stories about the energy company an impact score of 46.64 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
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 $35.40.
How big of a company is Devon Energy?
Devon Energy has a market capitalization of $18.99 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 $45.4737, suggesting that the stock has a possible upside of 28.46%. 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 | 2.83 | 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)
3 Hold Rating(s)
15 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: | $45.4737 | $45.4211 | $46.50 | $45.4706 |
| Price Target Upside: | 28.46% upside | 46.52% upside | 7.64% upside | 27.26% upside |
Devon Energy (NYSE:DVN) Consensus Price Target History
Devon Energy (NYSE:DVN) Analyst Ratings History
Show:
(Data available from 4/20/2016 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)
16.22% (Based on This Year's Estimates)
10.67% (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: 82.25%
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 Friday, April, 20, 2018
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