Devon Energy Stock Forecast, Price & News

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 2 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Devon Energy stock.
View analyst ratings for Devon Energy or view top-rated stocks.

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Devon Energy saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 11,740,000 shares, a drop of 22.4% from the March 15th total of 15,120,000 shares. Based on an average daily volume of 12,740,000 shares, the short-interest ratio is currently 0.9 days.
View Devon Energy's Short Interest.

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) issued its earnings results on Tuesday, May, 4th. The energy company reported $0.45 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.35 by $0.10. Devon Energy had a positive trailing twelve-month return on equity of 2.38% and a negative net margin of 62.68%. During the same period last year, the business earned $0.06 EPS.
View Devon Energy's earnings history.

Devon Energy's stock was trading at $8.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DVN shares have increased by 211.8% and is now trading at $26.22.
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Devon Energy announced a quarterly dividend on Tuesday, May 4th. Investors 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 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Thursday, May 13th. This is a positive change from Devon Energy's previous quarterly dividend of $0.11.
View Devon Energy's dividend history.

Devon Energy pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.74%. Devon Energy has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Devon Energy is 31.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Devon Energy will have a dividend payout ratio of 72.13% next year. This indicates that Devon Energy will be able to sustain or increase its dividend.
View Devon Energy's dividend history.

22 equities research analysts have issued 1-year price objectives for Devon Energy's stock. Their forecasts range from $14.00 to $37.00. On average, they expect Devon Energy's share price to reach $24.31 in the next year. This suggests that the stock has a possible downside of 7.3%.
View analysts' price targets for Devon Energy or view top-rated stocks among Wall Street analysts.

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), Southwestern Energy (SWN), Range Resources (RRC), 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (6.79%), Victory Capital Management Inc. (1.57%), Fisher Asset Management LLC (0.48%), Swiss National Bank (0.34%), Sumitomo Mitsui Trust Holdings Inc. (0.29%) and The Manufacturers Life Insurance Company (0.26%). Company insiders that own Devon Energy stock include 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 Flippin Bruce & Porter Inc., LSV Asset Management, Victory Capital Management Inc., Nepsis Inc., Thompson Investment Management Inc., Congress Asset Management Co. MA, Greatmark Investment Partners Inc., and Polianta Ltd. Company insiders that have sold Devon Energy company stock in the last year include 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., Swiss National Bank, Assenagon Asset Management S.A., The Manufacturers Life Insurance Company , Alliancebernstein L.P., Rhumbline Advisers, and Zurcher Kantonalbank Zurich Cantonalbank .
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 $26.22.

Devon Energy has a market capitalization of $17.75 billion and generates $6.22 billion in revenue each year. The energy company earns $-355,000,000.00 in net income (profit) each year or $1.38 on an earnings per share basis.

Devon Energy employs 1,400 workers across the globe.

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]