Followed 161 Times Most-Upgraded Stocks NYSE:DVN Devon Energy Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Devon Energy Co. Please log in to your account or sign up in order to add this asset to your watchlist. $53.77 -0.97 (-1.77%) (As of 06/24/2022 12:00 AM ET) Add Compare Share Today's Range$53.49▼$56.5150-Day Range$53.77▼$78.0452-Week Range$24.05▼$79.40Volume34.71 million shsAverage Volume12.35 million shsMarket Capitalization$35.49 billionP/E Ratio10.09Dividend Yield9.28%Price Target$74.94 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive DVN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Devon Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address DVN Stock Forecast (MarketRank)Overall MarketRank™3.52 out of 5 starsOils/Energy Sector3rd out of 376 stocksCrude Petroleum & Natural Gas Industry1st out of 123 stocksAnalyst Opinion: 4.3Community Rank: 4.9Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 - 4.3 Analyst's Opinion Consensus RatingDevon Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $74.94, Devon Energy has a forecasted upside of 39.4% from its current price of $53.77.Amount of Analyst CoverageDevon Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.9 Community Rank Outperform VotesDevon Energy has received 1,296 “outperform” votes. (Add your “outperform” vote.)Underperform VotesDevon Energy has received 435 “underperform” votes. (Add your “underperform” vote.)Community SentimentDevon Energy has received 74.87% “outperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipDevon Energy is a leading dividend payer. It pays a dividend yield of 9.28%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthDevon Energy has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of Devon Energy is 95.31%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Devon Energy will have a dividend payout ratio of 51.21% next year. This indicates that Devon Energy will be able to sustain or increase its dividend. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Devon Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,269,519.00 in company stock.Percentage Held by InsidersOnly 0.80% of the stock of Devon Energy is held by insiders.Percentage Held by Institutions87.01% of the stock of Devon Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Devon Energy are expected to grow by 9.01% in the coming year, from $9.10 to $9.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Devon Energy is 10.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.26.Price to Earnings Ratio vs. SectorThe P/E ratio of Devon Energy is 10.09, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.38.Price to Book Value per Share RatioDevon Energy has a P/B Ratio of 3.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.Read More DVN Stock News HeadlinesJune 21, 2022 | marketbeat.comWhat To Buy Before The Q2 Earnings Season Kicks Off The outlook for the Q2 earnings reporting season is about as cloudy as it could be. Between uncertain supply chain improvement, wildly out-of-control inflation, rising energy prices, and an aggressive FOMC there is a real chance the season could be a bloodbath. WithinJune 15, 2022 | marketbeat.comCould This Cheap Energy Stock With A 7% Dividend Yield Be Right for Your Portfolio?Devon Energy (NYSE: DVN) continues to witness strong results as energy prices continue to provide a tailwind to the company. Devon is an energy company primarily engaged in hydrocarbon exploration in the United States.May 25, 2022 | marketbeat.comInvestors Can Get 5%-Plus Dividend Yields on These 3 BuysThese three stocks offer the best of both worlds—dividend yields that are roughly twice that of the 10-year and have long-term capital appreciation potential to boot.June 24, 2022 | finance.yahoo.comDevon Energy Corporation (DVN) Is a Trending Stock: Facts to Know Before Betting on ItJune 23, 2022 | nasdaq.comDevon Energy Stock Getting Very OversoldJune 23, 2022 | finance.yahoo.com3 Cheap Stocks to Buy That Are Crushing the MarketJune 20, 2022 | incomeinvestors.comDevon Energy Corp: Bullish 7.2%-Yielder Raises Dividend in 6 Straight QuartersJune 19, 2022 | americanbankingnews.comQ3 2022 Earnings Estimate for Devon Energy Co. (NYSE:DVN) Issued By Capital One FinancialJune 16, 2022 | americanbankingnews.comAnalyzing Devon Energy (NYSE:DVN) and Evolve Transition Infrastructure (NYSE:SNMP)June 15, 2022 | finance.yahoo.com‘Load Up,’ Says Jim Cramer About These 2 High-Yield Dividend StocksJune 15, 2022 | benzinga.comDevon Energy Whale Trades SpottedJune 14, 2022 | markets.businessinsider.comBarclays Maintains Equal-Weight Rating for Devon Energy: Here's What You Need To KnowJune 11, 2022 | americanbankingnews.comDevon Energy (NYSE:DVN) Price Target Increased to $94.00 by Analysts at MizuhoSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryOil & Gas Exploration & Production SectorOils/Energy Current SymbolNYSE:DVN CUSIP25179M10 CIK1090012 Webwww.devonenergy.com Phone(405) 235-3611Fax405-552-4550Employees1,600Year Founded1971Company Calendar Ex-Dividend for 3/31 Dividend3/11/2022Dividend Payable3/31/2022Last Earnings5/02/2022Ex-Dividend for 6/30 Dividend6/10/2022Today6/25/2022Dividend Payable6/30/2022Next Earnings (Confirmed)8/01/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$74.94 High Stock Price Forecast$103.00 Low Stock Price Forecast$48.00 Forecasted Upside/Downside+39.4%Consensus RatingModerate Buy Rating Score (0-4)2.64285714285714 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$5.329990 Trailing P/E Ratio10.09 Forward P/E Ratio5.91 P/E GrowthN/ANet Income$2.81 billion Net Margins25.69% Pretax Margin30.01% Return on Equity36.57% Return on Assets15.88% Debt Debt-to-Equity Ratio0.69 Current Ratio1.32 Quick Ratio1.32 Sales & Book Value Annual Sales$12.21 billion Price / Sales2.91 Cash Flow$6.53 per share Price / Cash Flow8.23 Book Value$13.88 per share Price / Book3.87Miscellaneous Outstanding Shares660,000,000Free Float654,720,000Market Cap$35.49 billion OptionableOptionable Beta2.59 Social Links Devon Energy Frequently Asked Questions Should I buy or sell Devon Energy stock right now? 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 6 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Devon Energy stock. View analyst ratings for Devon Energy or view top-rated stocks. What is Devon Energy's stock price forecast for 2022? 14 brokers have issued 1-year price objectives for Devon Energy's stock. Their DVN stock forecasts range from $48.00 to $103.00. On average, they expect Devon Energy's share price to reach $74.94 in the next twelve months. This suggests a possible upside of 39.4% from the stock's current price. View analysts' price targets for Devon Energy or view top-rated stocks among Wall Street analysts. How has Devon Energy's stock performed in 2022? Devon Energy's stock was trading at $44.05 at the beginning of 2022. Since then, DVN shares have increased by 22.1% and is now trading at $53.77. View the best growth stocks for 2022 here. When is Devon Energy's next earnings date? Devon Energy is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022. View our earnings forecast for Devon Energy. How can I listen to Devon Energy's earnings call? Devon Energy will be holding an earnings conference call on Tuesday, August 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Devon Energy's earnings last quarter? Devon Energy Co. (NYSE:DVN) announced its quarterly earnings data on Monday, May, 2nd. The energy company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.14. The energy company earned $3.81 billion during the quarter, compared to analysts' expectations of $4.02 billion. Devon Energy had a net margin of 25.69% and a trailing twelve-month return on equity of 36.57%. During the same period in the previous year, the firm posted $0.45 EPS. View Devon Energy's earnings history. How often does Devon Energy pay dividends? What is the dividend yield for Devon Energy? Devon Energy announced a quarterly dividend on Monday, May 2nd. Investors of record on Monday, June 13th will be given a dividend of $1.27 per share on Thursday, June 30th. This represents a $5.08 annualized dividend and a dividend yield of 9.45%. The ex-dividend date of this dividend is Friday, June 10th. This is a boost from Devon Energy's previous quarterly dividend of $1.00. View Devon Energy's dividend history. Is Devon Energy a good dividend stock? Devon Energy(NYSE:DVN) pays an annual dividend of $5.08 per share and currently has a dividend yield of 9.28%. DVN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Devon Energy has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Devon Energy is 95.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Devon Energy will have a dividend payout ratio of 51.21% next year. This indicates that Devon Energy will be able to sustain or increase its dividend. 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 share buyback plan on Monday, May 2nd 2022, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued. Who are Devon Energy's key executives? Devon Energy's management team includes the following people: Mr. David A. Hager, Exec. Chairman (Age 65, Pay $2.68M)Mr. Richard E. Muncrief, Pres, CEO & Director (Age 63, Pay $3.6M)Mr. Jeffrey L. Ritenour, Exec. VP & CFO (Age 49, Pay $1.86M) (LinkedIn Profile)Mr. Clay M. Gaspar, Exec. VP & COO (Age 50, Pay $1.81M) (LinkedIn Profile)Ms. Tana K. Cashion, Exec. VP of HR & Admin. (Age 51, Pay $2.83M) (LinkedIn Profile)Mr. David Gerard Harris, Exec. VP & Chief Corp. Devel. Officer (Age 48, Pay $1.73M)Mr. J. Larry Nichols, Co-Founder & Chairman Emeritus (Age 80)Mr. Jeremy D. Humphers, Sr. VP & Chief Accounting Officer (Age 48) (LinkedIn Profile)Ms. Alana Tetrick, VP of Corp. Fin. & Treasurer (Age 40)Mr. Trey Lowe, VP & CTO What is John Richels' approval rating as Devon Energy's CEO? 221 employees have rated Devon Energy CEO John Richels on Glassdoor.com. John Richels has an approval rating of 34% among Devon Energy's employees. This puts John Richels in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. Who are some of Devon Energy's key competitors? Some companies that are related to Devon Energy include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Continental Resources (CLR), Diamondback Energy (FANG), Marathon Oil (MRO), EQT (EQT), Southwestern Energy (SWN), Range Resources (RRC), PDC Energy (PDCE), Matador Resources (MTDR), SM Energy (SM), Comstock Resources (CRK), Kosmos Energy (KOS) and Whiting Petroleum (WLL). View all of DVN's competitors. What other stocks do shareholders of Devon Energy own? Based on aggregate information from My MarketBeat watchlists, some companies that other Devon Energy investors own include Bank of America (BAC), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Pfizer (PFE), Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), AT&T (T) and General Electric (GE). What is Devon Energy's stock symbol? Devon Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "DVN." Who are Devon Energy's major shareholders? Devon Energy's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.42%), State Street Corp (6.35%), GQG Partners LLC (2.28%), Invesco Ltd. (2.06%), Bank of New York Mellon Corp (1.49%) and EnCap Energy Capital Fund X L.P. (1.37%). Company insiders that own Devon Energy stock include Ann G Fox, Clay M Gaspar, Dennis C Cameron, Felix Investments Holdings Ii,, Jeffrey L Ritenour, Jeremy D Humphers, Kelt Kindick and Tana K Cashion. 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 EnCap Energy Capital Fund X L.P., Invesco Ltd., Fuller & Thaler Asset Management Inc., EnCap Energy Capital Fund IX L.P., 1832 Asset Management L.P., Bank of New York Mellon Corp, Victory Capital Management Inc., and Permian Investment Partners LP. Company insiders that have sold Devon Energy company stock in the last two years include Ann G Fox, Clay M Gaspar, Dennis C Cameron, Felix Investments Holdings Ii,, Jeffrey L Ritenour, Jeremy D Humphers, Kelt Kindick, and Tana K Cashion. View insider buying and selling activity for Devon Energy or view top insider-selling stocks. Which institutional investors are buying Devon Energy stock? DVN stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, Bank of Montreal Can, Arrowstreet Capital Limited Partnership, First Trust Advisors LP, Dimensional Fund Advisors LP, Asia Research & Capital Management Ltd, Twin Tree Management LP, and UBS Group AG. View insider buying and selling activity for Devon Energy or or view top insider-buying stocks. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Devon Energy's stock price today? One share of DVN stock can currently be purchased for approximately $53.77. How much money does Devon Energy make? Devon Energy (NYSE:DVN) has a market capitalization of $35.49 billion and generates $12.21 billion in revenue each year. The energy company earns $2.81 billion in net income (profit) each year or $5.329990 on an earnings per share basis. How many employees does Devon Energy have? Devon Energy employs 1,600 workers across the globe. Does Devon Energy have any subsidiaries? The following companies are subsidiares of Devon Energy: Anderson Exploration, Bleu Falcon Holdings Inc., Chief Oil & Gas LLC, Devon Canada Corporation, Devon Energy Corporation, Devon Energy International L.L.C., Devon Energy Production Company L.P., Devon Financing Company L.L.C., Devon Gas Co. L.L.C., Devon Gas Services L.P., Devon Headquarters L.L.C., Devon OEI Holdings L.L.C., Devon OEI Operating L.L.C., Felix Energy LLC, Hondo Oil & Gas Co, Kerr McGee, Mitchell Energy & Development Corp, Northstar Energy Corp, Ocean Energy Inc, PennzEnergy Company, Santa Fe Snyder Corp., and WPX Energy.Read More When was Devon Energy founded? Devon Energy was founded in 1971. How can I contact Devon Energy? Devon Energy's mailing address is 333 WEST SHERIDAN AVENUE, OKLAHOMA CITY OK, 73102. The official website for Devon Energy is www.devonenergy.com. The energy company can be reached via phone at (405) 235-3611, via email at [email protected], or via fax at 405-552-4550. 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