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 12,900 gross wells. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Phone405-235-3611
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$10.73 billion
Profitability
Miscellaneous
Employees2,900
Next Earnings Date11/5/2019 (Estimated)
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, June 5th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.09 per share on Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, September 12th. View Devon Energy's Dividend History.
How will Devon Energy's stock buyback program work?
Devon Energy declared that its board has authorized a share repurchase plan on Wednesday, June 6th 2018, which authorizes the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 14.6% of its stock through open market purchases. Stock buyback plans are usually an indication 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) issued its earnings results on Tuesday, August, 6th. The energy company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.36 by $0.07. The energy company earned $1.92 billion during the quarter, compared to analysts' expectations of $2.09 billion. Devon Energy had a return on equity of 8.42% and a net margin of 39.80%. The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. View Devon Energy's Earnings History.
When is Devon Energy's next earnings date?
What price target have analysts set for DVN?
22 analysts have issued 12 month target prices for Devon Energy's stock. Their forecasts range from $25.50 to $50.00. On average, they expect Devon Energy's stock price to reach $37.0938 in the next twelve months. This suggests a possible upside of 61.1% from the stock's current price. View Analyst Price Targets for Devon Energy.
What is the consensus analysts' recommendation for Devon Energy?
22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 2 sell ratings, 10 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Devon Energy.
Has Devon Energy been receiving favorable news coverage?
Media headlines about DVN stock have been trending positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Devon Energy earned a news impact score of 2.5 on InfoTrie's scale. They also gave headlines about the energy company a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the near term. View News Stories for Devon Energy.
Are investors shorting Devon Energy?
Devon Energy saw a increase in short interest in July. As of July 31st, there was short interest totalling 15,099,400 shares, an increase of 14.1% from the June 30th total of 13,233,700 shares. Based on an average trading volume of 6,280,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 3.6% of the shares of the 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 The Hong Kong and China Gas (HOKCY), Anadarko Petroleum (APC), Occidental Petroleum (OXY), Ecopetrol (EC), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Rwe Ag Sp (RWEOY), Diamondback Energy (FANG), Concho Resources (CXO), TORAY INDUSTRIE/ADR (TRYIY), GALP ENERGIA SG/ADR (GLPEY), Continental Resources (CLR), Sasol (SSL) and Noble Energy (NBL).
What other stocks do shareholders of Devon Energy own?
Who are Devon Energy's key executives?
Devon Energy's management team includes the folowing people:
- Mr. David A. Hager, Pres, CEO & Director (Age 62)
- Mr. Jeffrey L. Ritenour, Exec. VP & CFO (Age 46)
- Mr. Tony D. Vaughn, Chief Operating Officer (Age 61)
- Mr. Lyndon C. Taylor, Exec. VP & Gen. Counsel (Age 60)
- Mr. J. Larry Nichols, Co-Founder & Chairman Emeritus (Age 77)
Who are Devon Energy's major shareholders?
Devon Energy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.31%), BlackRock Inc. (7.40%), BlackRock Inc. (7.61%), Invesco Ltd. (6.94%), Victory Capital Management Inc. (2.02%) and Price T Rowe Associates Inc. MD (1.99%). Company insiders that own Devon Energy stock include Jeremy D Humphers, John E Bethancourt, Lyndon C Taylor and Robert H Henry. View Institutional Ownership Trends for Devon Energy.
Which institutional investors are selling Devon Energy stock?
DVN stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, AQR Capital Management LLC, BlackRock Inc., BlackRock Inc., Vanguard Group Inc., Diamond Hill Capital Management Inc., Panagora Asset Management Inc. and Nomura Holdings Inc.. View Insider Buying and Selling for Devon Energy.
Which institutional investors are buying Devon Energy stock?
DVN stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Nuveen Asset Management LLC, Balyasny Asset Management LLC, Caymus Capital Partners L.P., Invesco Ltd., Victory Capital Management Inc., Hexavest Inc. and Worldquant Millennium Advisors LLC. Company insiders that have bought Devon Energy stock in the last two years include John E Bethancourt and Robert H Henry. 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 $23.03.
How big of a company is Devon Energy?
Devon Energy has a market capitalization of $9.31 billion and generates $10.73 billion in revenue each year. The energy company earns $3.06 billion in net income (profit) each year or $1.29 on an earnings per share basis. Devon Energy employs 2,900 workers across the globe.View Additional Information About Devon Energy.
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.
