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S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
As a Black Woman in Business for 2 Decades, Here's How I've Learned to Navigate Microaggressions and Racism in Networking
How To Earn a Tax-Advantaged 10% Dividend Yield (Ad)pixel
This Is A Memorable Time To Buy Into Micron Technology
How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?
Trade With Artificial Intelligence for Happiness (Ad)pixel
Let Paychex Stock Work Hard For You 
Global stocks mixed after Eurozone inflation rises
Trade With Artificial Intelligence for Happiness (Ad)pixel
Declining Profits Challenge the CarMax Value Proposition
How major US stock indexes fared Friday 9/30/2022
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
As a Black Woman in Business for 2 Decades, Here's How I've Learned to Navigate Microaggressions and Racism in Networking
How To Earn a Tax-Advantaged 10% Dividend Yield (Ad)pixel
This Is A Memorable Time To Buy Into Micron Technology
How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?
Trade With Artificial Intelligence for Happiness (Ad)pixel
Let Paychex Stock Work Hard For You 
Global stocks mixed after Eurozone inflation rises
Trade With Artificial Intelligence for Happiness (Ad)pixel
Declining Profits Challenge the CarMax Value Proposition
How major US stock indexes fared Friday 9/30/2022
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
As a Black Woman in Business for 2 Decades, Here's How I've Learned to Navigate Microaggressions and Racism in Networking
How To Earn a Tax-Advantaged 10% Dividend Yield (Ad)pixel
This Is A Memorable Time To Buy Into Micron Technology
How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?
Trade With Artificial Intelligence for Happiness (Ad)pixel
Let Paychex Stock Work Hard For You 
Global stocks mixed after Eurozone inflation rises
Trade With Artificial Intelligence for Happiness (Ad)pixel
Declining Profits Challenge the CarMax Value Proposition
How major US stock indexes fared Friday 9/30/2022
NYSE:DVN

Devon Energy - DVN Stock Forecast, Price & News

$60.13
-0.84 (-1.38%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$59.41
$61.65
50-Day Range
$54.49
$74.14
52-Week Range
$35.55
$79.40
Volume
9.64 million shs
Average Volume
12.67 million shs
Market Capitalization
$39.37 billion
P/E Ratio
7.63
Dividend Yield
1.18%
Price Target
$77.06

Devon Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
28.1% Upside
$77.06 Price Target
Short Interest
Healthy
2.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.69
Upright™ Environmental Score
News Sentiment
0.53mentions of Devon Energy in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$242,956 Sold Last Quarter
Proj. Earnings Growth
14.07%
From $9.24 to $10.54 Per Share

Overall MarketRank

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

3.14 out of 5 stars

Oils/Energy Sector

9th out of 260 stocks

Crude Petroleum & Natural Gas Industry

7th out of 81 stocks

DVN stock logo

About Devon Energy (NYSE:DVN) Stock

Devon Energy Corporation is an independent oil and gas company headquartered in Oklahoma City, Oklahoma. The company was incorporated in 1971 by John Nichols and his son J. Larry Nichols and later went public in August 2000. The company has since grown to be included in the S&P 500 and is one of the first energy companies to introduce resolutions requiring the company to monitor its impact on global warming. One time a major player in the global oil market, Devon has since sold off its offshore holdings in an effort to focus on US production and its transition to a lower-carbon future.

Devon Energy merged with WPX in early 2021 in an all-stock merger of equals. The new company is primarily engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids in the US midwest. The company operates more than 5,100 wells in Oklahoma’s Delaware Basis, Eagle Ford Group, and the two locations in the Rocky Mountains. As of late 2022, the company laid claim to 1.625 million barrels of reserves including 44% petroleum, 27% natural gas liquids, and 29% natural gas. Daily production was running in the range of 300,000 BPD in petroleum liquids, 125,000 BPD in natural gas liquids, and 920 million cubic feet of natural gas.

Rick Muncrief, formally CEO of WPX, is now the head of Devon Energy. Mr. Muncrief comes to the table with more than 40 years of experience including 27 years with one of the US Big Three Oil Companies. WPX Energy (Williams Production and Exploration) brought properties in the Williston and Permian Basins to the combined company. Its proven reserves were roughly 527 million barrels of oil and equivalents. The company also owns and operates a midstream network of pipelines and storage facilities it uses to market and deliver its products.

Devon Energy Corporation has pledged to reduce its GHG impact to net zero by 2050. This will be done by a variety of methods that include improving efficiency and leakage, a reduction in flaring, and the electrification of its operations. Near-term goals include a 50% reduction in GHG by 2030 including a 65% reduction in methane release and a 100% reduction in flaring. The company is also focused on reducing its environmental impact by relying on recycled water wherever possible and plans to reduce freshwater usage by 90% in the most active areas. Total greenhouse gas emissions have been in decline since 2018 and fell 17% between 2018 and 2020 alone.

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DVN Stock News Headlines

3 Energy Stocks Nearing Breakouts From Cup-Shaped Patterns (DVN)
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DVN Company Calendar

Last Earnings
8/01/2022
Ex-Dividend for 9/30 Dividend
9/09/2022
Today
9/30/2022
Dividend Payable
9/30/2022
Next Earnings (Confirmed)
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
$77.06
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+28.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
16 Analysts

Profitability

Net Income
$2.81 billion
Pretax Margin
37.16%

Debt

Sales & Book Value

Annual Sales
$12.21 billion
Cash Flow
$6.67 per share
Book Value
$13.88 per share

Miscellaneous

Free Float
649,562,000
Market Cap
$39.37 billion
Optionable
Optionable
Beta
2.47

Social Links


Key Executives

  • Mr. David A. Hager (Age 65)
    Exec. Chairman
    Comp: $2.68M
  • Mr. Richard E. MuncriefMr. 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?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 7 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

16 analysts have issued 1-year target prices for Devon Energy's shares. Their DVN share price forecasts range from $48.00 to $115.00. On average, they anticipate the company's share price to reach $77.06 in the next year. This suggests a possible upside of 28.1% 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 beginning of the year. Since then, DVN shares have increased by 36.5% and is now trading at $60.13.
View the best growth stocks for 2022 here
.

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 can I listen to Devon Energy's earnings call?

Devon Energy will be holding an earnings conference call on Wednesday, November 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Devon Energy's earnings last quarter?

Devon Energy Co. (NYSE:DVN) posted its quarterly earnings results on Monday, August, 1st. The energy company reported $2.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.38 by $0.21. The energy company had revenue of $5.63 billion for the quarter, compared to analyst estimates of $4.77 billion. Devon Energy had a net margin of 30.65% and a trailing twelve-month return on equity of 48.58%. The firm's quarterly revenue was up 132.8% compared to the same quarter last year. During the same quarter in the previous 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 announced a quarterly dividend on Monday, August 1st. Shareholders of record on Monday, September 12th will be paid a dividend of $1.55 per share on Friday, September 30th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 10.31%. 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 $0.72 per share and currently has a dividend yield of 1.18%. 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 9.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DVN will have a dividend payout ratio of 6.83% 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 announced that its Board of Directors has authorized a share buyback program on Monday, May 2nd 2022, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 4.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board 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."

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 $60.13.

How much money does Devon Energy make?

Devon Energy (NYSE:DVN) has a market capitalization of $39.37 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
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 10/1/2022 by MarketBeat.com Staff

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