Devon Energy - DVN Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 8 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DVN shares.
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16 brokers have issued 12-month target prices for Devon Energy's shares. Their DVN share price forecasts range from $61.00 to $115.00. On average, they expect the company's share price to reach $79.67 in the next year. This suggests a possible upside of 29.9% from the stock's current price.
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Devon Energy's stock was trading at $61.51 at the start of the year. Since then, DVN shares have decreased by 0.3% and is now trading at $61.33.
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Devon Energy saw a increase in short interest in January. As of January 15th, there was short interest totaling 12,550,000 shares, an increase of 15.1% from the December 31st total of 10,900,000 shares. Based on an average daily trading volume, of 9,400,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.9% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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Devon Energy will be holding an earnings conference call on Wednesday, February 15th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Devon Energy Co. (NYSE:DVN) released its earnings results on Tuesday, November, 2nd. The energy company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.15. The energy company earned $3.47 billion during the quarter, compared to the consensus estimate of $3.19 billion. Devon Energy had a trailing twelve-month return on equity of 53.17% and a net margin of 33.01%. During the same quarter last year, the firm earned ($0.04) earnings per share.
Read the conference call transcript.

Devon Energy declared a quarterly dividend on Tuesday, November 1st. Shareholders of record on Monday, December 12th will be paid a dividend of $1.35 per share on Friday, December 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date of this dividend is Friday, December 9th.
Read our dividend analysis for DVN.

Devon Energy (NYSE:DVN) pays an annual dividend of $0.72 per share and currently has a dividend yield of 1.20%. The dividend payout ratio is 7.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DVN will have a dividend payout ratio of 9.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DVN.

Devon Energy announced that its Board of Directors has approved a stock buyback program on Monday, May 2nd 2022, which permits the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

221 employees have rated Devon Energy Chief Executive Officer John Richels on Glassdoor.com. John Richels has an approval rating of 34% among the company's employees. This puts John Richels in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 Boston Partners (1.61%), Capital Wealth Planning LLC (0.82%), Fisher Asset Management LLC (0.67%), Thrivent Financial for Lutherans (0.63%), Allspring Global Investments Holdings LLC (0.47%) and Yacktman Asset Management LP (0.43%). Insiders that own company 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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Shares of DVN stock 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 $61.33.

Devon Energy (NYSE:DVN) has a market capitalization of $40.09 billion and generates $12.21 billion in revenue each year. The energy company earns $2.81 billion in net income (profit) each year or $9.52 on an earnings per share basis.

The company employs 1,600 workers across the globe.

Devon Energy's mailing address is 333 WEST SHERIDAN AVENUE, OKLAHOMA CITY OK, 73102. The official website for the company is www.devonenergy.com. The energy company can be reached via phone at (405) 235-3611, via email at investor.relations@dvn.com, or via fax at 405-552-4550.