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

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

Devon Energy announced a quarterly dividend on Tuesday, February 18th. Investors of record on Monday, June 15th will be paid a dividend of $0.11 per share on Tuesday, June 30th. This represents a $0.44 annualized dividend and a yield of 1.97%. This is an increase from Devon Energy's previous quarterly dividend of $0.09. View Devon Energy's Dividend History.

Devon Energy declared that its Board of Directors has initiated a share buyback program on Wednesday, June 6th 2018, which authorizes the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 14.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Devon Energy Corp (NYSE:DVN) posted its quarterly earnings results on Tuesday, February, 18th. The energy company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The energy company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.83 billion. Devon Energy had a return on equity of 6.37% and a net margin of 16.00%. During the same quarter in the previous year, the company posted $0.10 EPS. View Devon Energy's Earnings History.

Devon Energy is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Devon Energy.

19 analysts have issued twelve-month target prices for Devon Energy's shares. Their forecasts range from $25.50 to $42.00. On average, they expect Devon Energy's share price to reach $33.62 in the next twelve months. This suggests a possible upside of 50.5% from the stock's current price. View Analyst Price Targets for Devon Energy.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 1 sell rating, 5 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Devon Energy.

News headlines about DVN stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Devon Energy earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news stories about the energy company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Devon Energy.

Devon Energy saw a decline in short interest in January. As of January 31st, there was short interest totalling 15,860,000 shares, a decline of 11.9% from the January 15th total of 18,010,000 shares. Based on an average trading volume of 6,470,000 shares, the short-interest ratio is presently 2.5 days. Currently, 4.2% of the company's shares are sold short. View Devon Energy's Current Options Chain.

Some companies that are related to Devon Energy include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Diamondback Energy (FANG), Apache (APA), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Cabot Oil & Gas (COG), WPX Energy (WPX), Cimarex Energy (XEC), Kosmos Energy (KOS), Matador Resources (MTDR) and PDC Energy (PDCE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Devon Energy investors own include Bank of America (BAC), ConocoPhillips (COP), Micron Technology (MU), Exxon Mobil (XOM), Cisco Systems (CSCO), Chevron (CVX), Alibaba Group (BABA), AT&T (T), Gilead Sciences (GILD) and Chesapeake Energy (CHK).

Devon Energy's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (5.65%), Victory Capital Management Inc. (2.23%), Victory Capital Management Inc. (2.21%), FMR LLC (1.83%), Renaissance Technologies LLC (1.82%) and Bank of New York Mellon Corp (0.98%). Company insiders that own Devon Energy stock include Jeremy D Humphers, John E Bethancourt, Lyndon C Taylor and Robert H Henry. View Institutional Ownership Trends for Devon Energy.

DVN stock was sold by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Man Group plc, FMR LLC, Connor Clark & Lunn Investment Management Ltd., Alliancebernstein L.P., AQR Capital Management LLC, Caymus Capital Partners L.P. and Jacobs Levy Equity Management Inc.. View Insider Buying and Selling for Devon Energy.

DVN stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Bank of New York Mellon Corp, Victory Capital Management Inc., Victory Capital Management Inc., MUFG Securities EMEA plc, Alyeska Investment Group L.P., Artisan Partners Limited Partnership and LSV Asset Management. Company insiders that have bought Devon Energy stock in the last two years include John E Bethancourt and Robert H Henry. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of DVN stock can currently be purchased for approximately $22.34.

Devon Energy has a market capitalization of $8.58 billion and generates $10.73 billion in revenue each year. The energy company earns $3.06 billion in net income (profit) each year or $1.29 on an earnings per share basis. Devon Energy employs 2,900 workers across the globe.View Additional Information About Devon Energy.

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

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]