Devon Energy Corporation Company Profile (NYSE:DVN)

About Devon Energy Corporation (NYSE:DVN)

Devon Energy Corporation logoDevon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company's segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company's operations are concentrated in various North American onshore areas in the United States and Canada. The Company's U.S. and Canada segments are primarily engaged in oil and gas exploration and production activities. EnLink is a master limited partnership (MLP) with a midstream business and operations located across the United States. EnLink focuses on providing gathering, transmission, processing, storage, fractionation and marketing to upstream oil and natural gas producers. The Company's properties include Barnett Shale, Delaware Basin, Eagle Ford, Heavy Oil, Rockies Oil and STACK.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Exploration and Production - NEC
  • Sub-Industry: Oil & Gas Exploration & Production
  • Symbol: NYSE:DVN
  • CUSIP: 25179M10
  • Web:
  • Market Cap: $16.02 billion
  • Outstanding Shares: 525,700,000
Average Prices:
  • 50 Day Moving Avg: $35.39
  • 200 Day Moving Avg: $41.75
  • 52 Week Range: $30.03 - $50.69
  • Trailing P/E Ratio: 51.75
  • Foreward P/E Ratio: 12.29
  • P/E Growth: -3.06
Sales & Book Value:
  • Annual Revenue: $11.57 billion
  • Price / Sales: 1.38
  • Book Value: $12.29 per share
  • Price / Book: 2.48
  • Annual Dividend: $0.24
  • Dividend Yield: 0.8%
  • EBIDTA: $3.09 billion
  • Net Margins: 2.34%
  • Return on Equity: 4.25%
  • Return on Assets: 1.61%
  • Debt-to-Equity Ratio: 0.95%
  • Current Ratio: 1.53%
  • Quick Ratio: 1.53%
  • Average Volume: 4.95 million shs.
  • Beta: 2.1
  • Short Ratio: 2.05

Frequently Asked Questions for Devon Energy Corporation (NYSE:DVN)

What is Devon Energy Corporation's stock symbol?

Devon Energy Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "DVN."

How often does Devon Energy Corporation pay dividends? What is the dividend yield for Devon Energy Corporation?

Devon Energy Corporation announced a quarterly dividend on Wednesday, June 7th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.06 per share on Friday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 14th. View Devon Energy Corporation's Dividend History.

How were Devon Energy Corporation's earnings last quarter?

Devon Energy Corporation (NYSE:DVN) posted its quarterly earnings data on Tuesday, May, 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.02. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $2.98 billion. Devon Energy Corporation had a net margin of 2.34% and a return on equity of 4.25%. View Devon Energy Corporation's Earnings History.

When will Devon Energy Corporation make its next earnings announcement?

Devon Energy Corporation is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Devon Energy Corporation.

Where is Devon Energy Corporation's stock going? Where will Devon Energy Corporation's stock price be in 2017?

21 brokerages have issued 12-month target prices for Devon Energy Corporation's stock. Their predictions range from $28.00 to $74.00. On average, they expect Devon Energy Corporation's stock price to reach $50.99 in the next year. View Analyst Ratings for Devon Energy Corporation.

What are analysts saying about Devon Energy Corporation stock?

Here are some recent quotes from research analysts about Devon Energy Corporation stock:

  • 1. According to Zacks Investment Research, "Devon Energy’s persistent focus on high-quality North American properties has helped and the company expects to improve 2017 U.S. oil production by 13–17% from 2016 levels. Further, the company completed its asset sale target for 2016 by divesting assets worth $3.2 billion and used the proceeds to lower debt level, which in turn helped to lower annual financing costs. Devon will continue with its cost savings initiative in 2017 as well. The shares of Devon have returned higher than the broader industry in the last 12 months. However, the highly competitive nature of oil and gas industry has always been a headwind, and limited control over some properties could have a material impact on Devon’s performance. Further, its profitability is subject to oil, natural gas and NGL prices, which are volatile and cyclical in nature." (2/21/2017)
  • 2. KLR Group analysts commented, "We are increasing our DVN target price $9 to $62 per share due to approximately 10% lower capital intensity (focus on core plays), slightly higher U.S. liquids price realizations and lower other expense. Our composite weighted average cost-of-capital values the midstream business at ~11x next year's cash generation (EnLink Midstream LLC (ENLC, $19.30, NR)/EnLink Midstream Partners (ENLK, $19.16, NR) valuation)." (2/15/2017)

Who are some of Devon Energy Corporation's key competitors?

Who are Devon Energy Corporation's key executives?

Devon Energy Corporation's management team includes the folowing people:

  • John Richels, Chairman of the Board
  • David A. Hager, President, Chief Executive Officer, Director
  • Jeffrey L. Ritenour, Chief Financial Officer, Executive Vice President
  • Tony D. Vaughn, Chief Operating Officer
  • Lyndon C. Taylor, Executive Vice President, General Counsel
  • R. Alan Marcum, Executive Vice President - Administration
  • Robert A. Mosbacher Jr., Lead Independent Director
  • Barbara M. Baumann, Independent Director
  • John E. Bethancourt, Independent Director
  • Robert H. Henry, Independent Director

Who owns Devon Energy Corporation stock?

Devon Energy Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.84%), Vanguard Group Inc. (8.30%), State Street Corp (5.21%), FMR LLC (2.04%), Artisan Partners Limited Partnership (1.54%) and Bank of New York Mellon Corp (1.20%). Company insiders that own Devon Energy Corporation stock include Barbara M Baumann, Robert A Mosbacher Jr and Robert H Henry. View Institutional Ownership Trends for Devon Energy Corporation.

Who sold Devon Energy Corporation stock? Who is selling Devon Energy Corporation stock?

Devon Energy Corporation's stock was sold by a variety of institutional investors in the last quarter, including Fiduciary Management Inc. WI, Renaissance Technologies LLC, First Eagle Investment Management LLC, Alleghany Corp DE, Alliancebernstein L.P., First Trust Advisors LP, Parametric Portfolio Associates LLC and Sasco Capital Inc. CT. View Insider Buying and Selling for Devon Energy Corporation.

Who bought Devon Energy Corporation stock? Who is buying Devon Energy Corporation stock?

Devon Energy Corporation's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Janus Capital Management LLC, Bank of New York Mellon Corp, Vanguard Group Inc., JPMorgan Chase & Co., Geode Capital Management LLC, Victory Capital Management Inc. and American Century Companies Inc.. View Insider Buying and Selling for Devon Energy Corporation.

How do I buy Devon Energy Corporation stock?

Shares of Devon Energy Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Devon Energy Corporation's stock price today?

One share of Devon Energy Corporation stock can currently be purchased for approximately $30.48.

MarketBeat Community Rating for Devon Energy Corporation (NYSE DVN)
Community Ranking:  3.0 out of 5 (  )
Outperform Votes:  737 (Vote Outperform)
Underperform Votes:  478 (Vote Underperform)
Total Votes:  1,215
MarketBeat's community ratings are surveys of what our community members think about Devon Energy Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Devon Energy Corporation (NYSE:DVN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 7 Hold Ratings, 13 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.71)
Consensus Price Target: $50.99 (67.30% upside)

Analysts' Ratings History for Devon Energy Corporation (NYSE:DVN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/22/2017BMO Capital MarketsReiterated RatingBuy$42.00LowView Rating Details
6/21/2017Seaport Global SecuritiesDowngradeBuy -> Neutral$51.00 -> $28.00HighView Rating Details
6/6/2017Stifel NicolausReiterated RatingBuy$74.00MediumView Rating Details
5/29/2017Royal Bank Of CanadaSet Price TargetBuy$53.00HighView Rating Details
5/16/2017ScotiabankSet Price TargetBuy$57.00LowView Rating Details
5/17/2017Jefferies Group LLCReiterated RatingHold$38.00LowView Rating Details
5/15/2017KLR GroupReiterated RatingBuy$52.00 -> $54.00LowView Rating Details
5/11/2017Bank of America CorporationReiterated RatingBuyLowView Rating Details
5/4/2017Credit Suisse GroupBoost Price TargetOutperform$63.00 -> $64.00LowView Rating Details
4/22/2017Barclays PLCReiterated RatingOverweight$54.00 -> $47.00LowView Rating Details
2/15/2017Societe GeneraleUpgradeHold -> Buy$55.00N/AView Rating Details
1/11/2017Wells Fargo & CompanyDowngradeOutperform -> Market Perform$50.00N/AView Rating Details
9/6/2016Raymond James Financial, Inc.DowngradeOutperform -> Market Perform$45.84N/AView Rating Details
9/6/2016Citigroup IncDowngradePositive -> Market PerformN/AView Rating Details
8/23/2016ArgusBoost Price TargetBuy$51.00 -> $61.00N/AView Rating Details
8/3/2016Morgan StanleySet Price TargetBuy$54.00N/AView Rating Details
8/3/2016J P Morgan Chase & CoReiterated RatingBuyN/AView Rating Details
7/17/2016Deutsche Bank AGReiterated RatingBuyN/AView Rating Details
7/11/2016Howard WeilUpgradeSector Outperform -> Focus Stock$50.00 -> $61.00N/AView Rating Details
7/7/2016SimmonsReiterated RatingNeutral$39.00 -> $41.00N/AView Rating Details
7/7/2016Piper Jaffray CompaniesReiterated RatingNeutral$39.00 -> $41.00N/AView Rating Details
6/16/2016WunderlichBoost Price TargetBuy$40.00 -> $41.00N/AView Rating Details
5/19/2016Johnson RiceUpgradeHold -> AccumulateN/AView Rating Details
5/12/2016StephensReiterated RatingHoldN/AView Rating Details
5/5/2016Sanford C. BernsteinBoost Price TargetOutperform$37.00 -> $38.00N/AView Rating Details
4/15/2016Evercore ISIUpgradeHold -> Buy$30.00 -> $40.00N/AView Rating Details
3/8/2016Iberia CapitalLower Price TargetSector Perform$45.00 -> $30.00N/AView Rating Details
2/22/2016Susquehanna Bancshares IncLower Price Target$37.00 -> $30.00N/AView Rating Details
2/18/2016MacquarieLower Price TargetOutperform$52.00 -> $29.00N/AView Rating Details
2/18/2016Wolfe ResearchDowngradeOutperform -> Market PerformN/AView Rating Details
2/17/2016Mitsubishi UFJ Financial GroupUpgradeUnderweight -> NeutralN/AView Rating Details
2/18/2016GuggenheimLower Price TargetBuy$57.00 -> $39.00N/AView Rating Details
2/18/2016Goldman Sachs Group, Inc. (The)Lower Price TargetNeutral$39.00 -> $34.00N/AView Rating Details
2/18/2016Cowen and CompanyLower Price TargetOutperform$46.00 -> $34.00N/AView Rating Details
1/25/2016Tudor PickeringUpgradeAccumulate -> BuyN/AView Rating Details
1/21/2016NomuraLower Price TargetNeutral$49.00 -> $32.00N/AView Rating Details
12/8/2015Mitsubishi UFJ Financial Group IncReiterated RatingUnderweightN/AView Rating Details
(Data available from 6/25/2015 forward)


Earnings History for Devon Energy Corporation (NYSE:DVN)
Earnings by Quarter for Devon Energy Corporation (NYSE:DVN)
Earnings History by Quarter for Devon Energy Corporation (NYSE DVN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/2/2017Q1 2017$0.40$0.41$2.98 billion$3.55 billionViewListenView Earnings Details
2/14/2017Q416$0.21$0.25$2.79 billion$2.81 billionViewN/AView Earnings Details
11/1/2016Q316$0.05$0.09$2.66 billion$2.88 billionViewN/AView Earnings Details
8/2/2016Q216($0.19)$0.06$2.29 million$2.49 billionViewN/AView Earnings Details
5/3/2016Q116($0.64)($0.53)$2.60 billion$2.13 billionViewN/AView Earnings Details
2/16/2016Q415$0.71$0.77$3.63 billion$2.89 billionViewListenView Earnings Details
11/3/2015Q315$0.52$0.76$3.98 billion$3.60 billionViewN/AView Earnings Details
8/4/2015Q215$0.42$0.78$3.74 billion$3.39 billionViewN/AView Earnings Details
5/5/2015Q115$0.26$0.22$3.75 billion$3.27 billionViewN/AView Earnings Details
2/17/2015Q414$1.10$0.83$4.11 billion$6.00 billionViewN/AView Earnings Details
11/4/2014Q314$1.27$1.34$4.15 billion$5.34 billionViewN/AView Earnings Details
8/6/2014Q214$1.40$1.40$3.71 billion$4.51 billionViewN/AView Earnings Details
5/7/2014Q114$1.25$1.34$2.87 billion$3.73 billionViewListenView Earnings Details
2/19/2014Q413$1.09$1.10$2.69 billion$2.62 billionViewListenView Earnings Details
11/6/2013Q313$1.20$1.29$2.74 billion$2.72 billionViewListenView Earnings Details
8/7/2013Q2 2013$0.95$1.21$2.60 billion$3.09 billionViewListenView Earnings Details
5/1/2013Q1 2013$0.56$0.66$2.28 billion$1.97 billionViewN/AView Earnings Details
2/20/2013Q4 2012$0.75$0.78$2.37 billion$2.58 billionViewListenView Earnings Details
11/7/2012Q312$0.70$0.88$2.32 billion$1.87 billionViewN/AView Earnings Details
8/1/2012$0.85$0.55ViewN/AView Earnings Details
5/2/2012$1.42$1.05ViewN/AView Earnings Details
2/15/2012$1.47$1.55ViewN/AView Earnings Details
11/2/2011$1.50$1.54ViewN/AView Earnings Details
8/3/2011$1.53$1.71ViewN/AView Earnings Details
5/4/2011$1.33$0.97ViewN/AView Earnings Details
2/16/2011$1.41$1.57ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Devon Energy Corporation (NYSE:DVN)
2017 EPS Consensus Estimate: $1.91
2018 EPS Consensus Estimate: $2.01
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.34$0.56$0.43
Q2 20173$0.23$0.65$0.40
Q3 20173$0.28$0.73$0.52
Q4 20173$0.32$0.76$0.57
Q1 20182$0.12$0.69$0.41
Q2 20182$0.12$0.78$0.45
Q3 20182$0.20$0.90$0.55
Q4 20182$0.20$1.01$0.61
(Data provided by Zacks Investment Research)


Current Dividend Information for Devon Energy Corporation (NYSE:DVN)
Next Dividend:9/29/2017
Annual Dividend:$0.24
Dividend Yield:0.79%
Dividend Growth:-13.10% (3 Year Average)
Payout Ratio:43.64% (Trailing 12 Months of Earnings)
12.83% (Based on This Year's Estimates)
9.68% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Devon Energy Corporation (NYSE:DVN)

Dividend History by Quarter for Devon Energy Corporation (NYSE DVN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Devon Energy Corporation (NYSE:DVN)
Insider Ownership Percentage: 0.98%
Institutional Ownership Percentage: 77.51%
Insider Trades by Quarter for Devon Energy Corporation (NYSE:DVN)
Institutional Ownership by Quarter for Devon Energy Corporation (NYSE:DVN)
Insider Trades by Quarter for Devon Energy Corporation (NYSE:DVN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
4/21/2017Robert A Mosbacher JrDirectorSell800$39.18$31,344.00View SEC Filing  
6/20/2016Robert H HenryDirectorSell7,100$37.43$265,753.00View SEC Filing  
1/6/2016Barbara M BaumannDirectorBuy8,200$30.44$249,608.00View SEC Filing  
7/6/2015Barbara M BaumannDirectorBuy4,500$56.58$254,610.00View SEC Filing  
6/10/2015Robert A Mosbacher JrDirectorSell3,200$64.00$204,800.00View SEC Filing  
12/23/2014Robert H HenryDirectorSell4,089$61.12$249,919.68View SEC Filing  
10/23/2014Akash PatelDirectorBuy25,000$0.17$4,250.00
10/15/2014John E BethancourtDirectorBuy9,150$54.64$499,956.00View SEC Filing  
8/29/2014Robert A Mosbacher JrDirectorSell4,100$74.75$306,475.00View SEC Filing  
7/17/2014Frank W RudolphEVPSell48,493$78.00$3,782,454.00View SEC Filing  
7/14/2014Frank W RudolphEVPSell20,135$77.08$1,552,005.80View SEC Filing  
6/23/2014Robert A Mosbacher JrDirectorSell3,500$79.07$276,745.00View SEC Filing  
5/19/2014Frank RudolphEVPSell1,000$71.31$71,310.00View SEC Filing  
7/18/2013William F WhitsittEVPSell2,000$57.00$114,000.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Devon Energy Corporation (NYSE:DVN)
Latest Headlines for Devon Energy Corporation (NYSE:DVN)
DateHeadline logoThe Coming War Between Saudi Arabia And Iran Will Make American Frackers Very Rich - June 25 at 5:30 PM logoDevon Energy Corporation (DVN) Lowered to Strong Sell at BidaskClub - June 24 at 7:21 PM logoDevon Energy Corporation (DVN) Expected to Post Quarterly Sales of $3.35 Billion - June 23 at 3:18 PM logoDevon Energy Corporation Expected to Post FY2017 Earnings of $1.23 Per Share (DVN) - June 23 at 9:28 AM logoDevon Energy Corporation (DVN) Stock Rating Reaffirmed by BMO Capital Markets - June 22 at 4:10 PM logoQ2 2017 Earnings Forecast for Devon Energy Corporation Issued By Seaport Global Securities (DVN) - June 22 at 7:40 AM logo$0.39 EPS Expected for Devon Energy Corporation (DVN) This Quarter - June 21 at 4:18 PM logoAnalyzing Stone Energy’s 1Q17 Production Costs and Margins - June 20 at 5:34 PM logoDevon Exiting The Barnett Shale - June 15 at 6:51 PM logoDevon Energy to Present at JPMorgan Energy Equity Conference - June 15 at 6:51 PM logoAnalyzing Stone Energy’s 1Q17 Revenue - June 15 at 6:51 PM logoQ2 2017 Earnings Forecast for Devon Energy Corporation Issued By Capital One Financial Corporation (DVN) - June 15 at 8:26 AM logoDevon Energy Corporation (DVN) Raised to "Sell" at BidaskClub - June 14 at 9:06 PM logoInvestors Purchase High Volume of Put Options on Devon Energy Corporation (DVN) - June 13 at 5:18 PM logoDevon Energy Corporation (DVN) Ex-Dividend Date Scheduled for June 13, 2017 - Nasdaq - June 13 at 12:11 PM logoEx-Dividend Reminder: US Silica Holdings, EnCana and Devon Energy - June 9 at 5:18 PM logoDevon Energy Corp (DVN) Given Consensus Rating of "Buy" by Brokerages - June 9 at 7:43 AM logoDevon Energy: Weakness Play - June 8 at 10:50 PM logoDevon Energy Announces Third-Quarter 2017 Cash Dividend for Common Stockholders - June 8 at 2:48 AM logoDevon Energy Corp Plans Quarterly Dividend of $0.06 (DVN) - June 7 at 12:51 PM logoDevon Energy declares $0.06 dividend - June 7 at 11:22 AM logoDevon Energy Corp (DVN) Stock Rating Reaffirmed by Stifel Nicolaus - June 6 at 11:38 PM logoWhy Devon Energy Is Selling $1 Billion in Assets - June 4 at 9:13 AM logoDevon Energy (DVN) Down 11% Since Earnings Report: Can It Rebound? - Nasdaq - June 2 at 9:17 PM logoDevon Energy (DVN) Down 11% Since Earnings Report: Can It Rebound? - June 2 at 4:16 PM logoDevon Energy Is A Buy - May 30 at 9:45 PM logoTuesday Sector Laggards: Energy, Financial - Nasdaq - May 30 at 4:44 PM logoAnalysts Issue Forecasts for Devon Energy Corp's Q2 2017 Earnings (DVN) - May 29 at 7:10 AM logoDevon Energy Corp (DVN) Expected to Post Quarterly Sales of $3.31 Billion - May 28 at 9:10 AM logoWhat Devon Energy’s Implied Volatility Could Say about Its Stock Price - May 26 at 5:24 PM logoDevon Energy Corp (DVN) Expected to Announce Earnings of $0.41 Per Share - May 26 at 12:52 PM logoQ1 2018 EPS Estimates for Devon Energy Corp (DVN) Boosted by Seaport Global Securities - May 26 at 10:11 AM logoDevon Energy (DVN) Shares Enter Oversold Territory - Nasdaq - May 25 at 6:46 PM logoInvestors Purchase High Volume of Call Options on Devon Energy Corp (DVN) - May 24 at 12:52 PM logoDevon Energy’s Hedging Effectiveness - May 24 at 12:29 PM logoForm PX14A6G DEVON ENERGY CORP/DE Filed by: Rhode Island Employees Retirement System Pool Trust - May 23 at 12:23 PM logoUnderstanding Devon Energy’s Hedging Activities - May 23 at 12:23 PM logoETFs with exposure to Devon Energy Corp. : May 22, 2017 - May 22 at 4:34 PM logoHow Analyst Ratings for Energy Companies Changed Last Week - May 22 at 11:51 AM logoDevon Energy: Time To Accumulate? - May 20 at 4:48 PM logoFriday Sector Leaders: Energy, Industrial - May 19 at 4:38 PM logoJefferies Group Weighs in on Devon Energy Corp's Q2 2017 Earnings (DVN) - May 19 at 7:24 AM logoDevon Energy Corp (DVN) PT Set at $57.00 by Scotiabank - May 17 at 7:50 PM logoDevon Energy Corp (DVN) Rating Reiterated by Jefferies Group LLC - May 17 at 12:54 PM logoDevon Energy Corp (DVN) Stock Rating Reaffirmed by KLR Group - May 15 at 7:34 PM logoDevon Energy Corp (DVN) PT Set at $42.00 by BMO Capital Markets - May 15 at 2:34 PM logo[$$] Anti-terror architecture easy on the eye - May 15 at 11:48 AM logoDevon Energy Corp (DVN) Given Consensus Recommendation of "Buy" by Brokerages - May 15 at 9:38 AM logoDevon Energy Corp (DVN) Earns Buy Rating from Bank of America Corp - May 11 at 5:58 PM logoETFs with exposure to Devon Energy Corp. : May 9, 2017 - May 9 at 4:48 PM



Devon Energy Corporation (DVN) Chart for Sunday, June, 25, 2017

This page was last updated on 6/25/2017 by Staff