NYSE:DVN - Devon Energy Stock Price, Price Target & More

Sign in or create an account to add this stock to your watchlist.
$44.14 -0.02 (-0.05 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$44.14
Today's Range$43.69 - $44.41
52-Week Range$29.78 - $46.54
Volume5.09 million shs
Average Volume7.36 million shs
Market Capitalization$22.90 billion
P/E Ratio69.83
Dividend Yield0.73%
Beta2.17
Devon Energy logoDevon 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 14,600 gross wells. The company also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants and treatment facilities. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

Receive DVN News and Ratings via Email

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

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNYSE:DVN
CUSIP25179M10
Phone405-235-3611

Debt

Debt-to-Equity Ratio0.70
Current Ratio1.04
Quick Ratio1.04

Price-To-Earnings

Trailing P/E Ratio69.83
Forward P/E Ratio25.66
P/E Growth1.9

Sales & Book Value

Annual Sales$13.95 billion
Price / Sales1.66
Cash Flow$4.7411 per share
Price / Cash9.31
Book Value$26.86 per share
Price / Book1.64

Profitability

EPS (Most Recent Fiscal Year)$0.63
Net Income$898 million
Net Margins4.49%
Return on Equity5.68%
Return on Assets2.55%

Miscellaneous

Employees4,900
Outstanding Shares523,400,000
Market Cap$22,898.75

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 6th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.08 per share on Friday, September 28th. This represents a $0.32 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, September 13th. View Devon Energy's Dividend History.

How will Devon Energy's stock buyback program work?

Devon Energy declared that its Board of Directors has authorized a stock repurchase program on Wednesday, June 6th 2018, which permits the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 14.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

How were Devon Energy's earnings last quarter?

Devon Energy Corp (NYSE:DVN) issued its quarterly earnings results on Tuesday, May, 1st. The energy company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.20. The energy company had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.85 billion. Devon Energy had a return on equity of 5.68% and a net margin of 4.49%. The business's revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $1.07 earnings per share. View Devon Energy's Earnings History.

When is Devon Energy's next earnings date?

Devon Energy is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Devon Energy.

What price target have analysts set for DVN?

26 Wall Street analysts have issued 1-year price objectives for Devon Energy's shares. Their predictions range from $35.00 to $65.00. On average, they expect Devon Energy's share price to reach $47.25 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Ratings for Devon Energy.

What is the consensus analysts' recommendation for Devon Energy?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 8 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

What are Wall Street analysts saying about Devon Energy stock?

Here are some recent quotes from research analysts about Devon Energy stock:
  • 1. Stifel Nicolaus analysts commented, "We forecast revenue of $90.0 million, up 4.2% YOY. The consensus is $92.3 million. Services (ES) segment (66% of estimated revenue), we forecast revenue growth of 8.4% YOY to $59.7 million, as we project that the business will be able to maintain the high-single-digit growth rate achieved during the prior three quarters following significant investments in new sales personnel and branch openings." (7/19/2018)
  • 2. According to Zacks Investment Research, "In a year’s time, Devon Energy’s shares have outperformed its industry. Devon continues to benefit from strong domestic oil production. Devon’s diversified portfolio, focus on high margin production zones, cost savings and divestment of non-core assets are boosting its performance. Thanks to solid oil production and the performance of its domestic oil players, the company is well poised to deliver a significant increase in U.S. oil production in 2018 from 2017 levels. However, the highly competitive nature of the oil and gas industry has always been a headwind." (6/18/2018)

Who are some of Devon Energy's key competitors?

Who are Devon Energy's key executives?

Devon Energy's management team includes the folowing people:
  • Mr. David A. Hager, Pres, CEO & Director (Age 61)
  • Mr. Jeffrey L. Ritenour, Exec. VP & CFO (Age 45)
  • Mr. Tony D. Vaughn, Chief Operating Officer (Age 60)
  • Mr. Lyndon C. Taylor, Exec. VP of Legal & Gen. Counsel (Age 59)
  • Mr. J. Larry Nichols, Co-Founder and Chairman Emeritus (Age 76)

Has Devon Energy been receiving favorable news coverage?

Media stories about DVN stock have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Devon Energy earned a coverage optimism score of 0.12 on Accern's scale. They also assigned news articles about the energy company an impact score of 47.08 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Who are Devon Energy's major shareholders?

Devon Energy's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Factory Mutual Insurance Co. (0.19%), Retirement Systems of Alabama (0.10%), Scout Investments Inc. (0.08%), Sit Investment Associates Inc. (0.06%), Gulf International Bank UK Ltd (0.03%) and NN Investment Partners Holdings N.V. (0.03%). Company insiders that own Devon Energy stock include John E Bethancourt, Lyndon C Taylor, Robert A Mosbacher Jr and Robert H Henry. View Institutional Ownership Trends for Devon Energy.

Which major investors are selling Devon Energy stock?

DVN stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Pendal Group Ltd, Factory Mutual Insurance Co., NN Investment Partners Holdings N.V., Hartford Investment Management Co., Thompson Investment Management Inc., Calamos Advisors LLC and Westpac Banking Corp. Company insiders that have sold Devon Energy company stock in the last year include Lyndon C Taylor and Robert H Henry. View Insider Buying and Selling for Devon Energy.

Which major investors are buying Devon Energy stock?

DVN stock was acquired by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Whittier Trust Co., Cornerstone Wealth Management LLC, Whittier Trust Co. of Nevada Inc., CENTRAL TRUST Co, Sit Investment Associates Inc., Oakbrook Investments LLC and New England Research & Management Inc.. 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 $44.14.

How big of a company is Devon Energy?

Devon Energy has a market capitalization of $22.90 billion and generates $13.95 billion in revenue each year. The energy company earns $898 million in net income (profit) each year or $0.63 on an earnings per share basis. Devon Energy employs 4,900 workers across the globe.

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)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  973 (Vote Outperform)
Underperform Votes:  617 (Vote Underperform)
Total Votes:  1,590
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.
This page was last updated on 7/20/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.