NYSE:DVN - Devon Energy Stock Price, News, & Analysis

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$26.25 -0.15 (-0.57 %)
(As of 01/16/2019 10:13 AM ET)
Previous Close$26.40
Today's Range$25.91 - $26.27
52-Week Range$20.37 - $46.54
Volume86,076 shs
Average Volume8.23 million shs
Market Capitalization$12.25 billion
P/E Ratio41.70
Dividend Yield1.22%
Beta2.15
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.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP25179M10
Phone405-235-3611

Debt

Current Ratio1.48
Quick Ratio1.48

Price-To-Earnings

Sales & Book Value

Annual Sales$13.95 billion
Price / Sales0.88
Cash Flow$4.7127 per share
Price / Cash Flow5.57
Book Value$26.86 per share
Price / Book0.98

Profitability

Net Income$898 million
Net Margins16.62%
Return on Assets2.91%

Miscellaneous

Employees4,900
Market Cap$12.25 billion
OptionableOptionable

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 announced a quarterly dividend on Wednesday, November 28th. Investors of record on Friday, March 15th will be given a dividend of $0.08 per share on Friday, March 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, March 14th. View Devon Energy's Dividend History.

How will Devon Energy's stock buyback program work?

Devon Energy declared that its board has authorized a share 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 shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

How were Devon Energy's earnings last quarter?

Devon Energy Corp (NYSE:DVN) released its quarterly earnings results on Tuesday, November, 6th. The energy company reported $0.63 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.42 by $0.21. The energy company had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.61 billion. Devon Energy had a net margin of 16.62% and a return on equity of 6.40%. The business's revenue for the quarter was up 33.4% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. View Devon Energy's Earnings History.

When is Devon Energy's next earnings date?

Devon Energy is scheduled to release their next quarterly earnings announcement on Tuesday, February 19th 2019. View Earnings Estimates for Devon Energy.

How can I listen to Devon Energy's earnings call?

Devon Energy will be holding an earnings conference call on Wednesday, February 20th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8663934306.

What price target have analysts set for DVN?

28 analysts have issued twelve-month target prices for Devon Energy's stock. Their forecasts range from $31.00 to $65.00. On average, they anticipate Devon Energy's stock price to reach $47.2273 in the next year. This suggests a possible upside of 79.9% 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 1 sell rating, 11 hold ratings and 16 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 the past 12 months, Devon Energy’s shares have lost wider compared with its industry. The highly competitive nature of the oil and gas industry, limited control over some of its properties and stringent regulations are headwinds. In addition, the falling oil prices is a concern.  However, Devon Energy should benefit from strong performance by its Delaware and STACK assets, as well as high quality of other domestic oil plays. Devon’s focus on high-margin production zones, cost savings and divestment of non-core assets is boosting its performance. Thanks to solid oil production and the performance of its domestic oil assets, the company is well poised to deliver a significant increase in U.S. oil production." (1/3/2019)
  • 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)

Has Devon Energy been receiving favorable news coverage?

News stories about DVN stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Devon Energy earned a coverage optimism score of 2.8 on InfoTrie's scale. They also assigned media headlines about the energy company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an impact on the company's share price in the near term.

Who are some of Devon Energy's key competitors?

Who are Devon Energy's key executives?

Devon Energy's management team includes the folowing people:
  • Mr. David A. Hager, Pres, CEO & Director (Age 62)
  • Mr. Jeffrey L. Ritenour, Exec. VP & CFO (Age 46)
  • Mr. Tony D. Vaughn, Chief Operating Officer (Age 61)
  • Mr. Lyndon C. Taylor, Exec. VP of Legal & Gen. Counsel (Age 60)
  • Mr. J. Larry Nichols, Co-Founder & Chairman Emeritus (Age 77)

Who are Devon Energy's major shareholders?

Devon Energy's stock is owned by a number of of institutional and retail investors. Top institutional investors include Retirement Systems of Alabama (0.05%), Centre Asset Management LLC (0.04%), Gulf International Bank UK Ltd (0.03%), DFT Energy LP (0.02%), Salem Capital Management Inc. (0.02%) and Endurance Wealth Management Inc. (0.02%). 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 Sit Investment Associates Inc., DFT Energy LP, Gulf International Bank UK Ltd, CENTRAL TRUST Co, Retirement Systems of Alabama, National Investment Services Inc. WI, Louisiana State Employees Retirement System and Salem 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 purchased by a variety of institutional investors in the last quarter, including Centre Asset Management LLC, QUANTRES ASSET MANAGEMENT Ltd, Virtu Financial LLC, Private Asset Management Inc., Cerebellum GP LLC, State of Alaska Department of Revenue, First Hawaiian Bank and Hedeker Wealth LLC. 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 $26.25.

How big of a company is Devon Energy?

Devon Energy has a market capitalization of $12.25 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.

What is Devon Energy's official website?

The official website for Devon Energy is http://www.devonenergy.com.

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)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  1,096 (Vote Outperform)
Underperform Votes:  679 (Vote Underperform)
Total Votes:  1,775
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.
This page was last updated on 1/16/2019 by MarketBeat.com Staff

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