S&P 500   4,228.48 (-1.29%)
DOW   33,706.74 (-0.86%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
S&P 500   4,228.48 (-1.29%)
DOW   33,706.74 (-0.86%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
S&P 500   4,228.48 (-1.29%)
DOW   33,706.74 (-0.86%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
S&P 500   4,228.48 (-1.29%)
DOW   33,706.74 (-0.86%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)

Devon Energy - DVN Stock Forecast, Price & News

$68.51
+0.59 (+0.87%)
(As of 08/19/2022 05:41 PM ET)
Add
Compare
Today's Range
$67.36
$69.90
50-Day Range
$51.00
$74.06
52-Week Range
$24.79
$79.40
Volume
13.94 million shs
Average Volume
12.75 million shs
Market Capitalization
$44.86 billion
P/E Ratio
8.69
Dividend Yield
7.48%
Price Target
$75.24

Devon Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
10.1% Upside
$75.41 Price Target
Short Interest
Healthy
2.05% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.69
Upright™ Environmental Score
News Sentiment
0.79mentions of Devon Energy in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$394,037 Sold Last Quarter
Proj. Earnings Growth
10.20%
From $9.12 to $10.05 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.12 out of 5 stars

Oils/Energy Sector

19th out of 251 stocks

Crude Petroleum & Natural Gas Industry

10th out of 79 stocks

DVN stock logo

About Devon Energy (NYSE:DVN) Stock

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. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.

Wall Street Analyst Weigh In

DVN has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their price target on Devon Energy from $70.00 to $61.00 and set a "neutral" rating for the company in a research report on Tuesday, July 5th. Mizuho increased their price target on shares of Devon Energy from $88.00 to $91.00 and gave the company a "buy" rating in a report on Thursday. Stifel Nicolaus boosted their price objective on shares of Devon Energy from $88.00 to $93.00 in a report on Thursday, June 9th. Piper Sandler cut their target price on Devon Energy from $97.00 to $94.00 in a research note on Friday, July 22nd. Finally, Morgan Stanley decreased their price target on Devon Energy from $68.00 to $67.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 19th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Devon Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.41.

Devon Energy Stock Performance

Shares of DVN opened at $67.92 on Friday. Devon Energy has a 52 week low of $24.46 and a 52 week high of $79.40. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.63. The stock has a market cap of $44.47 billion, a price-to-earnings ratio of 8.62 and a beta of 2.55. The business has a 50-day simple moving average of $58.68 and a two-hundred day simple moving average of $60.75.

Devon Energy (NYSE:DVN - Get Rating) last released its earnings results on Monday, August 1st. The energy company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.21. Devon Energy had a net margin of 30.65% and a return on equity of 48.58%. The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $4.77 billion. During the same period in the prior year, the firm posted $0.60 EPS. The firm's quarterly revenue was up 132.8% compared to the same quarter last year. On average, analysts expect that Devon Energy will post 9.12 EPS for the current year.

Devon Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 12th will be issued a $1.55 dividend. The ex-dividend date is Friday, September 9th. This represents a $6.20 annualized dividend and a yield of 9.13%. This is an increase from Devon Energy's previous quarterly dividend of $1.27. Devon Energy's dividend payout ratio is currently 64.47%.

Insiders Place Their Bets

In other news, Director Ann G. Fox sold 2,150 shares of the business's stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $70.27, for a total value of $151,080.50. Following the transaction, the director now directly owns 26,858 shares in the company, valued at $1,887,311.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Devon Energy news, Director Ann G. Fox sold 2,150 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $70.27, for a total transaction of $151,080.50. Following the completion of the sale, the director now directly owns 26,858 shares of the company's stock, valued at approximately $1,887,311.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dennis C. Cameron sold 4,537 shares of the business's stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $53.55, for a total transaction of $242,956.35. Following the completion of the transaction, the executive vice president now directly owns 270,269 shares in the company, valued at approximately $14,472,904.95. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

Receive DVN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Devon Energy and its competitors with MarketBeat's FREE daily newsletter.

DVN Stock News Headlines

High-Flying Energy Stocks Yielding 9% to 27%
MarketBeat: Week in Review 8/1 - 8/5 (DVN)
The hot jobs report is dispelling any notion that interest rates will level off. But the market moves on and here are some of the stocks and stories to follow.
Devon Energy Looks Attractive if You Look Past the Headlines
There are some very sound reasons to invest in DVN stock. However, it’s important to separate the long-term outlook from some short-term headwinds
Devon Energy Produces A Record Quarter, Dividend Raised By 22%
Devon Energy produced another record quarter of profits, as higher volumes and prices provided significant tailwinds to results.
Why Oil and Gas Stocks Were Rallying Today
Devon Energy (NYSE:DVN) PT Raised to $115.00
Big Dividend Of Nearly 10% For Devon Energy
Devon Energy (NYSE:DVN) Stock Rating Lowered by StockNews.com
See More Headlines
Receive DVN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Devon Energy and its competitors with MarketBeat's FREE daily newsletter.

DVN Company Calendar

Ex-Dividend for 6/30 Dividend
6/10/2022
Dividend Payable
6/30/2022
Last Earnings
8/01/2022
Today
8/19/2022
Ex-Dividend for 9/30 Dividend
9/09/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
25179M10
Employees
1,600
Year Founded
1971

Price Target and Rating

Average Stock Price Forecast
$75.41
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+9.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$2.81 billion
Pretax Margin
37.16%

Debt

Sales & Book Value

Annual Sales
$12.21 billion
Cash Flow
$7.11 per share
Book Value
$15.62 per share

Miscellaneous

Free Float
649,562,000
Market Cap
$44.86 billion
Optionable
Optionable
Beta
2.55

Social Links


Key Executives

  • Mr. David A. Hager (Age 65)
    Exec. Chairman
    Comp: $2.68M
  • Mr. Richard E. Muncrief (Age 63)
    Pres, CEO & Director
    Comp: $3.6M
  • Mr. Jeffrey L. RitenourMr. Jeffrey L. Ritenour (Age 49)
    Exec. VP & CFO
    Comp: $1.86M
  • Mr. Clay M. GasparMr. Clay M. Gaspar (Age 50)
    Exec. VP & COO
    Comp: $1.81M
  • Ms. Tana K. CashionMs. Tana K. Cashion (Age 51)
    Exec. VP of HR & Admin.
    Comp: $2.83M
  • Mr. David Gerard Harris (Age 48)
    Exec. VP & Chief Corp. Devel. Officer
    Comp: $1.73M
  • Mr. J. Larry Nichols (Age 80)
    Co-Founder & Chairman Emeritus
  • Mr. Jeremy D. HumphersMr. Jeremy D. Humphers (Age 48)
    Sr. VP & Chief Accounting Officer
  • Ms. Alana Tetrick (Age 40)
    VP of Corp. Fin. & Treasurer
  • Mr. Trey Lowe
    VP & CTO













DVN Stock - Frequently Asked Questions

Should I buy or sell Devon Energy stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 6 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.
View DVN analyst ratings
or view top-rated stocks.

What is Devon Energy's stock price forecast for 2022?

14 equities research analysts have issued 1-year price objectives for Devon Energy's shares. Their DVN share price forecasts range from $48.00 to $115.00. On average, they anticipate the company's stock price to reach $75.41 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
View analysts price targets for DVN
or view top-rated stocks among Wall Street analysts.

How have DVN shares performed in 2022?

Devon Energy's stock was trading at $44.05 at the start of the year. Since then, DVN shares have increased by 54.2% and is now trading at $67.92.
View the best growth stocks for 2022 here
.

Are investors shorting Devon Energy?

Devon Energy saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 13,210,000 shares, a decrease of 8.6% from the July 15th total of 14,450,000 shares. Based on an average daily trading volume, of 12,660,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.1% of the shares of the company are sold short.
View Devon Energy's Short Interest
.

When is Devon Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our DVN earnings forecast
.

How were Devon Energy's earnings last quarter?

Devon Energy Co. (NYSE:DVN) issued its earnings results on Monday, August, 1st. The energy company reported $2.59 earnings per share for the quarter, beating analysts' consensus estimates of $2.38 by $0.21. The energy company had revenue of $5.63 billion for the quarter, compared to analysts' expectations of $4.77 billion. Devon Energy had a trailing twelve-month return on equity of 48.58% and a net margin of 30.65%. The business's quarterly revenue was up 132.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share.
Read the conference call transcript
.

How often does Devon Energy pay dividends? What is the dividend yield for Devon Energy?

Devon Energy declared a quarterly dividend on Monday, August 1st. Stockholders of record on Monday, September 12th will be given a dividend of $1.55 per share on Friday, September 30th. This represents a $6.20 annualized dividend and a dividend yield of 9.13%. The ex-dividend date is Friday, September 9th. This is a boost from the stock's previous quarterly dividend of $1.27.
Read our dividend analysis for DVN
.

Is Devon Energy a good dividend stock?

Devon Energy (NYSE:DVN) pays an annual dividend of $5.08 per share and currently has a dividend yield of 7.92%. DVN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 64.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DVN will have a dividend payout ratio of 50.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DVN.

How will Devon Energy's stock buyback program work?

Devon Energy declared that its Board of Directors has approved a stock repurchase plan on Monday, May 2nd 2022, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

What is John Richels' approval rating as Devon Energy's CEO?

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.

What other stocks do shareholders of Devon Energy own?

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).

What is Devon Energy's stock symbol?

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

Who are Devon Energy's major shareholders?

Devon Energy's stock is owned by a variety of institutional and retail investors. Top institutional investors include State Street Corp (6.10%), FMR LLC (3.51%), GQG Partners LLC (2.28%), Price T Rowe Associates Inc. MD (1.31%), Northern Trust Corp (1.15%) and Victory Capital Management Inc. (0.80%). 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.
View institutional ownership trends
.

How do I buy shares of Devon Energy?

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.
Compare Top Brokerages Here.

What is Devon Energy's stock price today?

One share of DVN stock can currently be purchased for approximately $67.92.

How much money does Devon Energy make?

Devon Energy (NYSE:DVN) has a market capitalization of $44.47 billion and generates $12.21 billion in revenue each year. The energy company earns $2.81 billion in net income (profit) each year or $7.88 on an earnings per share basis.

How many employees does Devon Energy have?

The company employs 1,600 workers across the globe.

Does Devon Energy have any subsidiaries?
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.
Read More
When was Devon Energy founded?

Devon Energy was founded in 1971.

How can I contact Devon Energy?

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.

This page (NYSE:DVN) was last updated on 8/19/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.