Devon Energy Stock Forecast, Price & News

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.
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14 brokers have issued 12-month price objectives for Devon Energy's stock. Their DVN stock forecasts range from $48.00 to $103.00. On average, they anticipate Devon Energy's stock price to reach $74.94 in the next year. This suggests a possible upside of 39.4% from the stock's current price.
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Devon Energy's stock was trading at $44.05 at the start of the year. Since then, DVN stock has increased by 22.1% and is now trading at $53.77.
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Devon Energy is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022.
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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.

Devon Energy Co. (NYSE:DVN) issued its earnings results on Monday, May, 2nd. The energy company reported $1.88 EPS for the quarter, beating the consensus estimate 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 trailing twelve-month return on equity of 36.57% and a net margin of 25.69%. During the same quarter in the prior year, the business earned $0.45 earnings per share.
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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 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date of this dividend is Friday, June 10th. This is a positive change from Devon Energy's previous quarterly dividend of $1.00.
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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 51.26% next year. This indicates that Devon Energy will be able to sustain or increase its dividend.
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Devon Energy declared that its board has approved a share repurchase program on Monday, May 2nd 2022, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

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.

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).
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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).

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

Devon Energy's stock is owned by many different institutional and retail investors. Top institutional investors 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.
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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.
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DVN stock was purchased 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.
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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.
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One share of DVN stock can currently be purchased for approximately $53.77.

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.

Devon Energy employs 1,600 workers across the globe.

Devon Energy was founded in 1971.

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.