Devon Energy Stock Forecast, Price & News

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 2 hold ratings, 18 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Devon Energy stock.
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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 increase in short interest in the month of May. As of May 28th, there was short interest totaling 20,490,000 shares, an increase of 24.2% from the May 13th total of 16,500,000 shares. Based on an average trading volume of 11,050,000 shares, the short-interest ratio is currently 1.9 days. Approximately 3.3% of the shares of the company are sold short.
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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 Co. (NYSE:DVN) released its quarterly earnings data on Tuesday, May, 4th. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.35 by $0.10. The energy company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $2.27 billion. Devon Energy had a negative net margin of 14.46% and a positive trailing twelve-month return on equity of 4.86%. During the same quarter in the previous year, the firm posted $0.06 earnings per share.
View Devon Energy's earnings history.

Devon Energy's stock was trading at $8.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DVN stock has increased by 247.0% and is now trading at $29.18.
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Devon Energy announced a quarterly dividend on Tuesday, May 4th. Stockholders 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 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date is Thursday, May 13th. This is a boost from Devon Energy's previous quarterly dividend of $0.11.
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Devon Energy pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.54%.
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22 brokerages have issued 1-year target prices for Devon Energy's shares. Their forecasts range from $14.00 to $40.00. On average, they anticipate Devon Energy's share price to reach $27.63 in the next year. This suggests that the stock has a possible downside of 5.3%.
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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), PDC Energy (PDCE), Matador Resources (MTDR), Range Resources (RRC), Southwestern Energy (SWN), SM Energy (SM) and Callon Petroleum (CPE).
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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 investors include BlackRock Inc. (6.79%), EnCap Energy Capital Fund X L.P. (5.03%), Price T Rowe Associates Inc. MD (3.54%), Geode Capital Management LLC (1.61%), Victory Capital Management Inc. (1.57%) and Shapiro Capital Management LLC (1.34%). 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 EnCap Energy Capital Fund IX L.P., Nuveen Asset Management LLC, Arrowstreet Capital Limited Partnership, Schroder Investment Management Group, Flippin Bruce & Porter Inc., Russell Investments Group Ltd., Weiss Multi Strategy Advisers LLC, and Panagora Asset Management 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 bought by a variety of institutional investors in the last quarter, including EnCap Energy Capital Fund X L.P., BlackRock Inc., Price T Rowe Associates Inc. MD, Shapiro Capital Management LLC, Permian Investment Partners LP, Massachusetts Financial Services Co. MA, Ameriprise Financial Inc., and Thrivent Financial for Lutherans.
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 $29.18.

Devon Energy has a market capitalization of $19.75 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]