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 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.
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 Ratio31.99
Forward P/E Ratio25.96
P/E Growth1.89
Sales & Book Value
Annual Sales$13.95 billion
Price / Sales1.66
Cash Flow$4.7007 per share
Price / Cash9.39
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$23,102.88
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. Investors 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 of this dividend is Thursday, September 13th. View Devon Energy's Dividend History.
How will Devon Energy's stock buyback program work?
Devon Energy announced that its Board of Directors has initiated a stock buyback program on Wednesday, June 6th 2018, which permits the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 14.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.
How were Devon Energy's earnings last quarter?
Devon Energy Corp (NYSE:DVN) posted its quarterly earnings data on Tuesday, May, 1st. The energy company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The energy company earned $3.81 billion during the quarter, compared to the consensus estimate of $3.85 billion. Devon Energy had a net margin of 4.49% and a return on equity of 5.68%. Devon Energy's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. View Devon Energy's Earnings History.
When is Devon Energy's next earnings date?
What price target have analysts set for DVN?
26 brokers have issued 1-year price objectives for Devon Energy's stock. Their forecasts 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?
Some companies that are related to Devon Energy include PETROLEO BRASIL/ADR (PBR), EOG Resources (EOG), CNOOC (CEO), ENI (E), PETROLEO BRASIL/RED PFD sh (PBR.A), Occidental Petroleum (OXY), Canadian Natural Resource (CNQ), Ecopetrol (EC), Anadarko Petroleum (APC), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), Sasol (SSL), WOODSIDE Pet Lt/ADR (WOPEY), Continental Resources (CLR) and Concho Resources (CXO).
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?
News articles about DVN stock have trended somewhat positive on Sunday, according to Accern Sentiment. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Devon Energy earned a media sentiment score of 0.12 on Accern's scale. They also gave news headlines about the energy company an impact score of 44.19 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Devon Energy's major shareholders?
Devon Energy's stock is owned by a variety of of institutional and retail 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 institutional 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 institutional 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 $23.10 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)
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.
