NYSE:DVN Devon Energy Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Devon Energy Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $9.57 -0.23 (-2.35 %) (As of 09/29/2020 05:02 PM ET) Add Compare Share Today's Range$8.97Now: $9.57▼$9.7750-Day Range$8.68MA: $10.43▼$12.6452-Week Range$4.70Now: $9.57▼$26.98Volume25.28 million shsAverage Volume9.86 million shsMarket Capitalization$3.66 billionP/E RatioN/ADividend Yield4.49%Beta3.26 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 4.4 Analyst's Opinion Consensus RatingDevon Energy has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 16 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.71, Devon Energy has a forecasted upside of 74.8% from its current price of $9.56.Amount of Analyst CoverageDevon Energy has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.1 Community Rank Outperform VotesDevon Energy has received 1,221 “outperform” votes. (Add your “outperform” vote.)Underperform VotesDevon Energy has received 773 “underperform” votes. (Add your “underperform” vote.)Community SentimentDevon Energy has received 61.23% “outperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend LeadershipDevon Energy is a leading dividend payer. It pays a dividend yield of 4.99%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthDevon Energy has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Devon Energy is 31.88%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Devon Energy will have a dividend payout ratio of 75.86% in the coming year. This indicates that Devon Energy may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Devon Energy insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.59% of the stock of Devon Energy is held by insiders.Percentage Held by Institutions78.88% of the stock of Devon Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Devon Energy are expected to grow in the coming year, from ($0.14) to $0.58 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Devon Energy is -1.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Devon Energy is -1.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioDevon Energy has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.4Community Rank: 3.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.44 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Crude petroleum & natural gas Sub-IndustryOil & Gas Exploration & Production SectorOils/Energy Current SymbolNYSE:DVN Previous Symbol CUSIP25179M10 CIK1090012 Webwww.devonenergy.com Phone405-235-3611Debt Debt-to-Equity Ratio1.28 Current Ratio2.33 Quick Ratio2.33Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$6.22 billion Price / Sales0.59 Cash Flow$5.73 per share Price / Cash Flow1.67 Book Value$15.41 per share Price / Book0.62Profitability EPS (Most Recent Fiscal Year)$1.38 Net Income$-355,000,000.00 Net Margins-51.02% Return on Equity4.29% Return on Assets1.72%Miscellaneous Employees1,800 Outstanding Shares382,800,000Market Cap$3.66 billion Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $9.57 -0.23 (-2.35 %) (As of 09/29/2020 05:02 PM ET) 30 days | 90 days | 365 days | Advanced Chart 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. Devon Energy (NYSE:DVN) Frequently Asked Questions How has Devon Energy's stock price been impacted by COVID-19? 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 13.8% and is now trading at $9.57. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Devon Energy? 22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 6 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Devon Energy. When is Devon Energy's next earnings date? Devon Energy is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020. View our earnings forecast for Devon Energy. How were Devon Energy's earnings last quarter? Devon Energy Corp (NYSE:DVN) issued its quarterly earnings data on Tuesday, August, 4th. The energy company reported ($0.18) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.08. The energy company had revenue of $394 million for the quarter, compared to the consensus estimate of $1 billion. Devon Energy had a positive return on equity of 4.29% and a negative net margin of 51.02%. The firm's quarterly revenue was down 78.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. View Devon Energy's earnings history. How often does Devon Energy pay dividends? What is the dividend yield for Devon Energy? Devon Energy declared a quarterly dividend on Wednesday, September 16th. Stockholders of record on Friday, December 11th will be paid a dividend of $0.11 per share on Wednesday, December 30th. This represents a $0.44 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Thursday, December 10th. View Devon Energy's dividend history. What price target have analysts set for DVN? 22 brokers have issued 12 month target prices for Devon Energy's stock. Their forecasts range from $10.00 to $30.00. On average, they expect Devon Energy's share price to reach $16.71 in the next twelve months. This suggests a possible upside of 74.7% from the stock's current price. View analysts' price targets for Devon Energy. Has Devon Energy been receiving favorable news coverage? Media coverage about DVN stock has trended neutral this week, according to InfoTrie. The research group scores the sentiment of press coverage by monitoring 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 nearest to five being the most favorable. Devon Energy earned a coverage optimism score of 0.5 on InfoTrie's scale. They also gave news articles about the energy company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news about Devon Energy. Are investors shorting Devon Energy? Devon Energy saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 10,200,000 shares, an increase of 48.3% from the August 15th total of 6,880,000 shares. Based on an average trading volume of 8,190,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.8% of the shares of the stock are short sold. View Devon Energy's Short Interest. Who are some of Devon Energy's key competitors? Some companies that are related to Devon Energy include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Apache (APA), EQT (EQT), Marathon Oil (MRO), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and Whiting Petroleum (WLL). View all competitors. 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 Intel (INTC), Bank of America (BAC), Micron Technology (MU), Pfizer (PFE), Cisco Systems (CSCO), Exxon Mobil (XOM), AT&T (T), QUALCOMM (QCOM), Chevron (CVX) and ConocoPhillips (COP). Who are Devon Energy's key executives? Devon Energy's management team includes the following 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) 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 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, Robinhood, Fidelity, and Charles Schwab. What is Devon Energy's stock price today? One share of DVN stock can currently be purchased for approximately $9.57. How big of a company is Devon Energy? Devon Energy has a market capitalization of $3.66 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 1,800 workers across the globe. What is Devon Energy's official website? The official website for Devon Energy is www.devonenergy.com. 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] This page was last updated on 9/29/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
