About Devon Energy Corporation (NYSE:DVN)
Devon 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
- Sub-Industry: Oil & Gas Exploration & Production
- Symbol: NYSE:DVN
- CUSIP: 25179M10
- Web: www.devonenergy.com
- Market Cap: $18.36 billion
- Outstanding Shares: 525,599,000
- 50 Day Moving Avg: $34.88
- 200 Day Moving Avg: $34.58
- 52 Week Range: $28.79 - $50.69
Sales & Book Value:
- Trailing P/E Ratio: 7.90
- Foreward P/E Ratio: 16.87
- P/E Growth: -3.89
- Annual Revenue: $12.07 billion
- Price / Sales: 1.52
- Book Value: $13.12 per share
- Price / Book: 2.66
- Annual Dividend: $0.24
- Dividend Yield: 0.7%
- EBITDA: $3.49 billion
- Net Margins: 16.07%
- Return on Equity: 5.36%
- Return on Assets: 2.17%
- Debt-to-Equity Ratio: 0.93%
- Current Ratio: 1.61%
- Quick Ratio: 1.61%
- Average Volume: 4.14 million shs.
- Beta: 2.21
- Short Ratio: 1.66
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 declared a quarterly dividend on Wednesday, September 13th. Shareholders of record on Friday, December 15th will be given a dividend of $0.06 per share on Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, December 14th. View Devon Energy Corporation's Dividend History.
How were Devon Energy Corporation's earnings last quarter?
Devon Energy Corporation (NYSE:DVN) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.01. The business earned $3.27 billion during the quarter, compared to analyst estimates of $3.24 billion. Devon Energy Corporation had a return on equity of 5.36% and a net margin of 16.07%. Devon Energy Corporation's quarterly revenue was up 31.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. View Devon Energy Corporation's Earnings History.
When will Devon Energy Corporation make its next earnings announcement?
Where is Devon Energy Corporation's stock going? Where will Devon Energy Corporation's stock price be in 2017?
17 brokers have issued 12-month target prices for Devon Energy Corporation's shares. Their forecasts range from $28.00 to $66.00. On average, they expect Devon Energy Corporation's share price to reach $45.44 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, "Loss in Devon’s shares was wider than the broader industry in the last three months. The highly competitive nature of the oil and gas industry has always been a headwind and limited control over some properties controlled by third parties could have an adverse impact on Devon’s performance. Further, its profitability is subject to oil, natural gas and NGL prices, which are volatile and cyclical in nature. However, Devon’s deep and diversified portfolio, primarily composed of unconventional resources, holds significant long-term growth potential. Thanks to solid oil production and performance from its domestic oil plays, the company is well poised to deliver 13–17% growth in U.S. oil production in 2017 from 2016 levels. Devon will continue with its cost-savings initiative in 2017 as well." (7/14/2017)
- 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?
Some companies that are related to Devon Energy Corporation include Anadarko Petroleum (APC), Pioneer Natural Resources Company (PXD), Concho Resources (CXO), Apache Corporation (APA), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil Corporation (MRO), Cabot Oil & Gas Co. (COG), Cimarex Energy Co (XEC), Encana Corporation (ECA), EQT Corporation (EQT), Diamondback Energy (FANG), Parsley Energy (PE), EQT GP Holdings, LP (EQGP), Rice Energy (RICE), Antero Resources Corp (AR), Newfield Exploration Company (NFX) and RSP Permian (RSPP).
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 number of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.05%), Centre Asset Management LLC (0.04%), Assenagon Asset Management S.A. (0.04%), State Treasurer State of Michigan (0.03%), Shell Asset Management Co. (0.01%) and Mutual of America Capital Management LLC (0.01%). 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 Private Asset Management Inc., Meeder Asset Management Inc., Mutual of America Capital Management LLC, State Treasurer State of Michigan, JJJ Advisors Inc., Osborn Williams & Donohoe LLC, Culbertson A N & Co. Inc. and Ingalls & Snyder LLC. Company insiders that have sold Devon Energy Corporation stock in the last year include Robert A Mosbacher Jr and Robert H Henry. 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 acquired by a variety of institutional investors in the last quarter, including Centre Asset Management LLC, Assenagon Asset Management S.A., APG Asset Management N.V., Shell Asset Management Co., Deane Retirement Strategies Inc., Robeco Institutional Asset Management B.V. and Quantitative Systematic Strategies LLC. 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?
MarketBeat Community Rating for Devon Energy Corporation (NYSE DVN)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.
One share of Devon Energy Corporation stock can currently be purchased for approximately $34.93.
Consensus Ratings for Devon Energy Corporation (NYSE:DVN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Hold Ratings, 13 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.76)|
|Consensus Price Target: ||$45.44 (30.08% upside)|Consensus Price Target History for Devon Energy Corporation (NYSE:DVN)
Analysts' Ratings History for Devon Energy Corporation (NYSE:DVN)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||Morgan Stanley||Boost Price Target||Overweight||$42.00 -> $48.00||N/A|
|10/10/2017||BMO Capital Markets||Set Price Target||Buy||$45.00||N/A|
|10/9/2017||Jefferies Group LLC||Upgrade||Hold -> Buy||$43.00||N/A|
|10/5/2017||Stifel Nicolaus||Set Price Target||Buy||$66.00||N/A|
|9/28/2017||Cowen and Company||Reiterated Rating||Buy||$40.00||Low|
|9/18/2017||Piper Jaffray Companies||Lower Price Target||Neutral||$46.00 -> $36.00||Medium|
|8/25/2017||Royal Bank Of Canada||Set Price Target||Buy||$43.00||Low|
|8/11/2017||Scotiabank||Set Price Target||Buy||$47.00||Low|
|8/9/2017||Barclays PLC||Reiterated Rating||Overweight||$31.00 -> $35.00||Low|
|7/21/2017||Citigroup Inc.||Lower Price Target||Buy||$52.00 -> $40.00||Low|
|7/6/2017||Sanford C. Bernstein||Downgrade||Outperform -> Market Perform||$54.00 -> $33.00||High|
|6/21/2017||Seaport Global Securities||Downgrade||Buy -> Neutral||$51.00 -> $28.00||High|
|5/15/2017||KLR Group||Reiterated Rating||Buy||$52.00 -> $54.00||Low|
|5/11/2017||Bank of America Corporation||Reiterated Rating||Buy||Low|
|5/4/2017||Credit Suisse Group||Boost Price Target||Outperform||$63.00 -> $64.00||Low|
|2/15/2017||Societe Generale||Upgrade||Hold -> Buy||$55.00||N/A|
|1/11/2017||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||$50.00||N/A|
|9/6/2016||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||$45.84||N/A|
|8/23/2016||Argus||Boost Price Target||Buy||$51.00 -> $61.00||N/A|
|8/3/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||N/A|
|7/17/2016||Deutsche Bank AG||Reiterated Rating||Buy||N/A|
|7/11/2016||Howard Weil||Upgrade||Sector Outperform -> Focus Stock||$50.00 -> $61.00||N/A|
|7/7/2016||Simmons||Reiterated Rating||Neutral||$39.00 -> $41.00||N/A|
|6/16/2016||Wunderlich||Boost Price Target||Buy||$40.00 -> $41.00||N/A|
|5/19/2016||Johnson Rice||Upgrade||Hold -> Accumulate||N/A|
|4/15/2016||Evercore ISI||Upgrade||Hold -> Buy||$30.00 -> $40.00||N/A|
|3/8/2016||Iberia Capital||Lower Price Target||Sector Perform||$45.00 -> $30.00||N/A|
|2/22/2016||Susquehanna Bancshares Inc||Lower Price Target||$37.00 -> $30.00||N/A|
|2/18/2016||Macquarie||Lower Price Target||Outperform||$52.00 -> $29.00||N/A|
|2/18/2016||Wolfe Research||Downgrade||Outperform -> Market Perform||N/A|
|2/17/2016||Mitsubishi UFJ Financial Group||Upgrade||Underweight -> Neutral||N/A|
|2/18/2016||Guggenheim||Lower Price Target||Buy||$57.00 -> $39.00||N/A|
|2/18/2016||Goldman Sachs Group, Inc. (The)||Lower Price Target||Neutral||$39.00 -> $34.00||N/A|
|1/25/2016||Tudor Pickering||Upgrade||Accumulate -> Buy||N/A|
|1/21/2016||Nomura||Lower Price Target||Neutral||$49.00 -> $32.00||N/A|
|12/8/2015||Mitsubishi UFJ Financial Group Inc||Reiterated Rating||Underweight||N/A|
Earnings History for Devon Energy Corporation (NYSE:DVN)Earnings History by Quarter for Devon Energy Corporation (NYSE DVN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$0.33||$0.34||$3.24 billion||$3.27 billion||View||Listen|
|5/2/2017||Q1 2017||$0.40||$0.41||$2.98 billion||$3.55 billion||View||Listen|
|2/14/2017||Q416||$0.21||$0.25||$2.79 billion||$2.81 billion||View||N/A|
|11/1/2016||Q316||$0.05||$0.09||$2.66 billion||$2.88 billion||View||N/A|
|8/2/2016||Q216||($0.19)||$0.06||$2.29 million||$2.49 billion||View||N/A|
|5/3/2016||Q116||($0.64)||($0.53)||$2.60 billion||$2.13 billion||View||N/A|
|2/16/2016||Q415||$0.71||$0.77||$3.63 billion||$2.89 billion||View||Listen|
|11/3/2015||Q315||$0.52||$0.76||$3.98 billion||$3.60 billion||View||N/A|
|8/4/2015||Q215||$0.42||$0.78||$3.74 billion||$3.39 billion||View||N/A|
|5/5/2015||Q115||$0.26||$0.22||$3.75 billion||$3.27 billion||View||N/A|
|2/17/2015||Q414||$1.10||$0.83||$4.11 billion||$6.00 billion||View||N/A|
|11/4/2014||Q314||$1.27||$1.34||$4.15 billion||$5.34 billion||View||N/A|
|8/6/2014||Q214||$1.40||$1.40||$3.71 billion||$4.51 billion||View||N/A|
|5/7/2014||Q114||$1.25||$1.34||$2.87 billion||$3.73 billion||View||Listen|
|2/19/2014||Q413||$1.09||$1.10||$2.69 billion||$2.62 billion||View||Listen|
|11/6/2013||Q313||$1.20||$1.29||$2.74 billion||$2.72 billion||View||Listen|
|8/7/2013||Q2 2013||$0.95||$1.21||$2.60 billion||$3.09 billion||View||Listen|
|5/1/2013||Q1 2013||$0.56||$0.66||$2.28 billion||$1.97 billion||View||N/A|
|2/20/2013||Q4 2012||$0.75||$0.78||$2.37 billion||$2.58 billion||View||Listen|
|11/7/2012||Q312||$0.70||$0.88||$2.32 billion||$1.87 billion||View||N/A|
Earnings Estimates for Devon Energy Corporation (NYSE:DVN)
2017 EPS Consensus Estimate: $1.76
2018 EPS Consensus Estimate: $1.59
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Devon Energy Corporation (NYSE:DVN)
|Dividend Growth:||-13.10% (3 Year Average)|
|Payout Ratio:||5.47% (Trailing 12 Months of Earnings) |
14.04% (Based on This Year's Estimates)
11.59% (Based on Next Year's Estimates)
Dividend History by Quarter for Devon Energy Corporation (NYSE DVN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Devon Energy Corporation (NYSE:DVN)
Insider Ownership Percentage: 0.51%Insider Trades by Quarter for Devon Energy Corporation (NYSE:DVN)
Institutional Ownership Percentage: 77.00%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/4/2017||Robert H Henry||Director||Sell||7,045||$33.35||$234,950.75|| |
|4/21/2017||Robert A Mosbacher Jr||Director||Sell||800||$39.18||$31,344.00|| |
|6/20/2016||Robert H Henry||Director||Sell||7,100||$37.43||$265,753.00|| |
|1/6/2016||Barbara M Baumann||Director||Buy||8,200||$30.44||$249,608.00|| |
|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|| |
|10/15/2014||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|| |
|7/18/2013||William F Whitsitt||EVP||Sell||2,000||$57.00||$114,000.00|| |
Headline Trends for Devon Energy Corporation (NYSE:DVN)
Latest Headlines for Devon Energy Corporation (NYSE:DVN)
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Devon Energy Corporation (DVN) Chart for Monday, October, 23, 2017