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 Ratio0.45
Current Ratio1.65
Quick Ratio1.65
Price-To-Earnings
Trailing P/E Ratio55.46
Forward P/E Ratio22.99
P/E Growth1.48
Sales & Book Value
Annual Sales$13.95 billion
Price / Sales1.27
Cash Flow$4.7026 per share
Price / Cash7.43
Book Value$26.86 per share
Price / Book1.30
Profitability
EPS (Most Recent Fiscal Year)$0.63
Net Income$898 million
Net Margins-1.60%
Return on Equity5.52%
Return on Assets2.50%
Miscellaneous
Employees4,900
Outstanding Shares508,800,000
Market Cap$17.78 billion
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, September 12th. Shareholders of record on Friday, December 14th will be given a dividend of $0.08 per share on Friday, December 28th. This represents a $0.32 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, December 13th. View Devon Energy's Dividend History.
How will Devon Energy's stock buyback program work?
Devon Energy announced that its board has authorized a share repurchase plan on Wednesday, June 6th 2018, which permits the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 14.6% of its shares through open market purchases. Shares buyback plans are often 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) released its quarterly earnings results on Tuesday, July, 31st. The energy company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by $0.03. The energy company earned $2.25 billion during the quarter, compared to the consensus estimate of $3.96 billion. Devon Energy had a negative net margin of 1.60% and a positive return on equity of 5.52%. During the same period in the prior year, the company posted $0.80 earnings per share. View Devon Energy's Earnings History.
When is Devon Energy's next earnings date?
How can I listen to Devon Energy's earnings call?
Devon Energy will be holding an earnings conference call on Wednesday, November 7th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8332414259.
What price target have analysts set for DVN?
28 Wall Street analysts have issued 12-month target prices for Devon Energy's stock. Their predictions range from $35.00 to $65.00. On average, they anticipate Devon Energy's stock price to reach $50.1818 in the next year. This suggests a possible upside of 43.6% from the stock's current price. View Analyst Price Targets for Devon Energy.
What is the consensus analysts' recommendation for Devon Energy?
28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 6 hold ratings and 22 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Devon Energy.
What are Wall Street analysts saying about Devon Energy stock?
Here are some recent quotes from research analysts about Devon Energy stock:
- 1. According to Zacks Investment Research, "In last six months, Devon Energy’s shares have outperformed its industry. Devon Energy continues to benefit from strong performance in its Delaware and STACK assets, as well as high-quality domestic oil plays. 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, limited control over some of its properties and stringent regulations are headwinds." (10/17/2018)
- 2. 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)
Are investors shorting Devon Energy?
Devon Energy saw a drop in short interest in September. As of September 14th, there was short interest totalling 13,597,862 shares, a drop of 27.6% from the August 31st total of 18,781,505 shares. Based on an average trading volume of 7,746,576 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.8% of the company's stock are sold short. View Devon Energy's Current Options Chain.
Who are some of Devon Energy's key competitors?
Some companies that are related to Devon Energy include EOG Resources (EOG), ENI (E), Occidental Petroleum (OXY), Ecopetrol (EC), Canadian Natural Resource (CNQ), Anadarko Petroleum (APC), Concho Resources (CXO), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR), Marathon Oil (MRO), Apache (APA) and Noble Energy (NBL).
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 & Chairman Emeritus (Age 76)
Who are Devon Energy's major shareholders?
Devon Energy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State of New Jersey Common Pension Fund D (0.24%), Factory Mutual Insurance Co. (0.20%), Scout Investments Inc. (0.07%), Guinness Asset Management Ltd (0.06%), DFT Energy LP (0.05%) and Aperio Group LLC (0.04%). 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., State of New Jersey Common Pension Fund D, Cornerstone Wealth Management LLC, Xact Kapitalforvaltning AB, Strs Ohio, National Investment Services Inc. WI, MERIAN GLOBAL INVESTORS UK Ltd and BB&T 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 bought by a variety of institutional investors in the last quarter, including DFT Energy LP, Andra AP fonden, Guinness Asset Management Ltd, Factory Mutual Insurance Co., Clinton Group Inc., CENTRAL TRUST Co, Oakbrook Investments LLC and Nisa Investment Advisors LLC. 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 $34.94.
How big of a company is Devon Energy?
Devon Energy has a market capitalization of $17.78 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.
What is Devon Energy's official website?
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.
