Devon Energy Stock Forecast, Price & News

Devon Energy's stock was trading at $8.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DVN shares have increased by 106.5% and is now trading at $17.37.
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20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 3 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Devon Energy stock.
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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.

Devon Energy is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Devon Energy.

Devon Energy will be holding an earnings conference call on Tuesday, February 16th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Devon Energy Co. (NYSE:DVN) issued its quarterly earnings results on Thursday, October, 29th. The energy company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.04. The energy company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.11 billion. Devon Energy had a positive trailing twelve-month return on equity of 2.38% and a negative net margin of 62.68%. Devon Energy's revenue for the quarter was down 38.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS.
View Devon Energy's earnings history.

Devon Energy announced a quarterly dividend on Wednesday, December 2nd. Shareholders of record on Monday, March 15th will be paid a dividend of $0.11 per share on Wednesday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, March 12th.
View Devon Energy's dividend history.

Devon Energy pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.47%. Devon Energy has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Devon Energy is 31.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Devon Energy will have a dividend payout ratio of 72.13% next year. This indicates that Devon Energy will be able to sustain or increase its dividend.
View Devon Energy's dividend history.

20 Wall Street analysts have issued 12 month price targets for Devon Energy's shares. Their forecasts range from $13.00 to $190.00. On average, they anticipate Devon Energy's share price to reach $25.50 in the next year. This suggests a possible upside of 46.8% from the stock's current price.
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Some companies that are related to Devon Energy include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Diamondback Energy (FANG), Cabot Oil & Gas (COG), Continental Resources (CLR), Marathon Oil (MRO), WPX Energy (WPX), Cimarex Energy (XEC), EQT (EQT), PDC Energy (PDCE), Range Resources (RRC), Southwestern Energy (SWN) and Matador Resources (MTDR).
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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 retail and institutional investors. Top institutional shareholders include Nepsis Inc. (0.23%), New York State Teachers Retirement System (0.14%), Guinness Asset Management LTD (0.08%), Nisa Investment Advisors LLC (0.06%), Kwmg LLC (0.04%) and Salem Capital Management Inc. (0.03%). Company insiders that own Devon Energy stock include Jeremy D Humphers 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 Crossmark Global Holdings Inc., Grace & White Inc. NY, Candriam Luxembourg S.C.A., New York State Teachers Retirement System, Avantax Advisory Services Inc., Guinness Asset Management LTD, Endurance Wealth Management Inc., and O Keefe Stevens Advisory Inc..
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DVN stock was bought by a variety of institutional investors in the last quarter, including Nepsis Inc., Polianta Ltd, Contravisory Investment Management Inc., Nisa Investment Advisors LLC, Sowell Financial Services LLC, Janney Montgomery Scott LLC, Kwmg LLC, and Greylin Investment Mangement Inc..
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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.

One share of DVN stock can currently be purchased for approximately $17.37.

Devon Energy has a market capitalization of $6.64 billion and generates $6.22 billion in revenue each year. The energy company earns $-355,000,000.00 in net income (profit) each year or $1.38 on an earnings per share basis. Devon Energy employs 1,800 workers across the globe.

The official website for Devon Energy is 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]