Devon Energy Stock Forecast, Price & News

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 2 hold ratings, 18 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Devon Energy stock.
View analyst ratings for Devon Energy or view top-rated stocks.

Wall Street analysts have given Devon Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Devon Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Devon Energy saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 15,810,000 shares, a drop of 22.8% from the May 31st total of 20,490,000 shares. Based on an average daily trading volume, of 10,800,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 2.5% of the shares of the company are short sold.
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Devon Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Devon Energy.

Devon Energy will be holding an earnings conference call on Wednesday, August 4th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Devon Energy Co. (NYSE:DVN) posted its quarterly earnings data on Tuesday, May, 4th. The energy company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.35 by $0.10. The energy company earned $1.76 billion during the quarter, compared to the consensus estimate of $2.27 billion. Devon Energy had a positive trailing twelve-month return on equity of 4.86% and a negative net margin of 14.46%. During the same period last year, the company posted $0.06 EPS.
View Devon Energy's earnings history.

Devon Energy's stock was trading at $8.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DVN shares have increased by 207.3% and is now trading at $25.84.
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Devon Energy announced a quarterly dividend on Tuesday, May 4th. Investors of record on Monday, June 14th will be paid a dividend of $0.34 per share on Wednesday, June 30th. This represents a $1.36 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Thursday, May 13th. This is an increase from Devon Energy's previous quarterly dividend of $0.11.
View Devon Energy's dividend history.

Devon Energy pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.65%.
View Devon Energy's dividend history.

22 equities research analysts have issued 1 year price objectives for Devon Energy's shares. Their forecasts range from $14.00 to $42.00. On average, they expect Devon Energy's stock price to reach $29.49 in the next year. This suggests a possible upside of 14.1% from the stock's current price.
View analysts' price targets for Devon Energy or view top-rated stocks among Wall Street analysts.

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), Diamondback Energy (FANG), Continental Resources (CLR), Marathon Oil (MRO), Cimarex Energy (XEC), Cabot Oil & Gas (COG), EQT (EQT), Range Resources (RRC), PDC Energy (PDCE), Matador Resources (MTDR), Southwestern Energy (SWN), SM Energy (SM) 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 a variety of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (0.16%), Brookstone Capital Management (0.05%), Grandfield & Dodd LLC (0.05%), Oregon Public Employees Retirement Fund (0.04%), Adams Natural Resources Fund Inc. (0.04%) and Viking Fund Management LLC (0.03%). Company insiders that own Devon Energy stock include Dennis C Cameron, Felix Investments Holdings Ii, and Jeremy D Humphers.
View institutional ownership trends for Devon Energy.

DVN stock was sold by a variety of institutional investors in the last quarter, including MAI Capital Management, Patton Fund Management Inc., Oliver Luxxe Assets LLC, Bourgeon Capital Management LLC, Salem Capital Management Inc., and NEXT Financial Group Inc. Company insiders that have sold Devon Energy company stock in the last year include Dennis C Cameron, Felix Investments Holdings Ii,, and Jeremy D Humphers.
View insider buying and selling activity for Devon Energy or view top insider-selling stocks.

DVN stock was acquired by a variety of institutional investors in the last quarter, including Brookstone Capital Management, Oregon Public Employees Retirement Fund, Viking Fund Management LLC, IFP Advisors Inc, DAVENPORT & Co LLC, Alliancebernstein L.P., Wealth Enhancement & Preservation of GA LLC, and Aptus Capital Advisors LLC.
View insider buying and selling activity for Devon Energy or or view top insider-buying stocks.

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 $25.84.

Devon Energy has a market capitalization of $17.49 billion and generates $4.83 billion in revenue each year. The energy company earns $-2,680,000,000.00 in net income (profit) each year or ($0.09) on an earnings per share basis.

Devon Energy employs 1,400 workers across the globe.

The following companies are subsidiares of Devon Energy: Anderson Exploration, Bleu Falcon Holdings Inc., Chief Oil & Gas LLC, Devon Canada Corporation, Devon Energy Corporation, Devon Energy International L.L.C., Devon Energy Production Company L.P., Devon Financing Company L.L.C., Devon Gas Co. L.L.C., Devon Gas Services L.P., Devon Headquarters L.L.C., Devon OEI Holdings L.L.C., Devon OEI Operating L.L.C., Felix Energy LLC, Hondo Oil & Gas Co, Kerr McGee, Mitchell Energy & Development Corp, Northstar Energy Corp, Ocean Energy Inc, PennzEnergy Company, Santa Fe Snyder Corp., and WPX Energy.

Devon Energy was founded in 1971.

The official website for Devon Energy is www.devonenergy.com.

Devon Energy is headquartered at 333 WEST SHERIDAN AVENUE, OKLAHOMA CITY OK, 73102.

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]