Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. It operates approximately 14,600 gross wells. The company also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants and treatment facilities. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Current SymbolNYSE:DVN
Previous Symbol
CUSIP25179M10
Phone405-235-3611
Debt
Debt-to-Equity Ratio0.65
Current Ratio1.48
Quick Ratio1.48
Price-To-Earnings
Trailing P/E Ratio42.13
Forward P/E Ratio17.61
P/E Growth1.45
Sales & Book Value
Annual Sales$13.95 billion
Price / Sales0.89
Cash Flow$4.5924 per share
Price / Cash Flow5.79
Book Value$26.86 per share
Price / Book0.99
Profitability
EPS (Most Recent Fiscal Year)$0.63
Net Income$898 million
Net Margins16.62%
Return on Equity6.40%
Return on Assets2.91%
Miscellaneous
Employees4,900
Outstanding Shares468,200,000
Market Cap$12.74 billion
OptionableOptionable
Devon Energy (NYSE:DVN) Frequently Asked Questions
What is Devon Energy's stock symbol?
Devon Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "DVN."
How often does Devon Energy pay dividends? What is the dividend yield for Devon Energy?
Devon Energy announced a quarterly dividend on Wednesday, November 28th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.08 per share on Friday, March 29th. This represents a $0.32 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, March 14th. View Devon Energy's Dividend History.
How will Devon Energy's stock buyback program work?
Devon Energy declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 6th 2018, which permits the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 14.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.
How were Devon Energy's earnings last quarter?
Devon Energy Corp (NYSE:DVN) released its earnings results on Tuesday, November, 6th. The energy company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.21. The energy company earned $2.58 billion during the quarter, compared to analyst estimates of $2.61 billion. Devon Energy had a net margin of 16.62% and a return on equity of 6.40%. The firm's revenue was up 33.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. View Devon Energy's Earnings History.
When is Devon Energy's next earnings date?
What price target have analysts set for DVN?
28 brokers have issued twelve-month target prices for Devon Energy's shares. Their forecasts range from $31.00 to $65.00. On average, they anticipate Devon Energy's stock price to reach $47.6364 in the next twelve months. This suggests a possible upside of 78.0% from the stock's current price. View Analyst Price Targets for Devon Energy.
What is the consensus analysts' recommendation for Devon Energy?
28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 9 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Devon Energy.
What are Wall Street analysts saying about Devon Energy stock?
Here are some recent quotes from research analysts about Devon Energy stock:
- 1. According to Zacks Investment Research, "Devon Energy’s third-quarter earnings and total revenues were better than expected, courtesy of recovery in commodity prices and strong U.S. oil production. The company continues to benefit from strong performance by its Delaware and STACK assets, as well as high quality of other domestic oil plays. Devon’s focus on high-margin production zones, cost savings and divestment of non-core assets is boosting its performance. Thanks to solid oil production and the performance of its domestic oil assets, the company is well poised to deliver a significant increase in U.S. oil production in 2018 from the 2017 level. In the past month, Devon Energy’s shares have recorded a narrower loss compared with its industry. However, the highly competitive nature of the oil and gas industry, limited control over some of its properties and stringent regulations are headwinds." (11/13/2018)
- 2. Stifel Nicolaus analysts commented, "We forecast revenue of $90.0 million, up 4.2% YOY. The consensus is $92.3 million. Services (ES) segment (66% of estimated revenue), we forecast revenue growth of 8.4% YOY to $59.7 million, as we project that the business will be able to maintain the high-single-digit growth rate achieved during the prior three quarters following significant investments in new sales personnel and branch openings." (7/19/2018)
Has Devon Energy been receiving favorable news coverage?
News stories about DVN stock have trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Devon Energy earned a coverage optimism score of 1.5 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.
Are investors shorting Devon Energy?
Devon Energy saw a increase in short interest in November. As of November 15th, there was short interest totalling 12,980,459 shares, an increase of 42.7% from the October 31st total of 9,096,185 shares. Based on an average daily trading volume, of 8,070,510 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.6% of the company's stock are sold short. View Devon Energy's Current Options Chain.
Who are some of Devon Energy's key competitors?
Some companies that are related to Devon Energy include Occidental Petroleum (OXY), Ecopetrol (EC), Canadian Natural Resources (CNQ), The Hong Kong and China Gas (HOKCY), Anadarko Petroleum (APC), Concho Resources (CXO), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR), Marathon Oil (MRO), Rwe Ag Sp (RWEOY), GALP ENERGIA SG/ADR (GLPEY), Apache (APA) and TORAY INDUSTRIE/ADR (TRYIY).
Who are Devon Energy's key executives?
Devon Energy's management team includes the folowing people:
- Mr. David A. Hager, Pres, CEO & Director (Age 61)
- Mr. Jeffrey L. Ritenour, Exec. VP & CFO (Age 45)
- Mr. Tony D. Vaughn, Chief Operating Officer (Age 60)
- Mr. Lyndon C. Taylor, Exec. VP of Legal & Gen. Counsel (Age 59)
- Mr. J. Larry Nichols, Co-Founder & Chairman Emeritus (Age 76)
Who are Devon Energy's major shareholders?
Devon Energy's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.22%), BlackRock Inc. (9.19%), FMR LLC (2.29%), Diamond Hill Capital Management Inc. (2.02%), Victory Capital Management Inc. (1.33%) and American Century Companies Inc. (1.00%). Company insiders that own Devon Energy stock include John E Bethancourt, Lyndon C Taylor, Robert A Mosbacher Jr and Robert H Henry. View Institutional Ownership Trends for Devon Energy.
Which major investors are selling Devon Energy stock?
DVN stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Standard Life Aberdeen plc, Key Group Holdings Cayman LTD., BlackRock Inc., Thrivent Financial for Lutherans, Panagora Asset Management Inc., BlueMountain Capital Management LLC and Alliancebernstein L.P.. Company insiders that have sold Devon Energy company stock in the last year include Lyndon C Taylor and Robert H Henry. View Insider Buying and Selling for Devon Energy.
Which major investors are buying Devon Energy stock?
DVN stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Clearbridge Investments LLC, Ceredex Value Advisors LLC, Dimensional Fund Advisors LP, TIAA CREF Investment Management LLC, Russell Investments Group Ltd., Eaton Vance Management and Diamond Hill Capital Management Inc.. View Insider Buying and Selling for Devon Energy.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Devon Energy's stock price today?
One share of DVN stock can currently be purchased for approximately $26.76.
How big of a company is Devon Energy?
Devon Energy has a market capitalization of $12.74 billion and generates $13.95 billion in revenue each year. The energy company earns $898 million in net income (profit) each year or $0.63 on an earnings per share basis. Devon Energy employs 4,900 workers across the globe.
What is Devon Energy's official website?
How can I contact Devon Energy?
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]
MarketBeat Community Rating for Devon Energy (NYSE DVN)
MarketBeat's community ratings are surveys of what our community members think about Devon Energy and other stocks. Vote "Outperform" if you believe DVN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DVN will underperform the S&P 500 over the long term. You may vote once every thirty days.
