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Devon Energy Stock Forecast, Price & News

$53.77
-0.97 (-1.77%)
(As of 06/24/2022 12:00 AM ET)
Add
Compare
Today's Range
$53.49
$56.51
50-Day Range
$53.77
$78.04
52-Week Range
$24.05
$79.40
Volume
34.58 million shs
Average Volume
13.18 million shs
Market Capitalization
$35.49 billion
P/E Ratio
10.09
Dividend Yield
9.28%
Price Target
$74.94
30 days | 90 days | 365 days | Advanced Chart

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DVN Stock Forecast (MarketRank)

Overall MarketRank

3.52 out of 5 stars

Oils/Energy Sector

2nd out of 376 stocks

Crude Petroleum & Natural Gas Industry

1st out of 123 stocks

Analyst Opinion: 4.3Community Rank: 4.9Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
Devon Energy logo

About Devon Energy (NYSE:DVN)

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. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.

DVN Stock News Headlines

What To Buy Before The Q2 Earnings Season Kicks Off 
The outlook for the Q2 earnings reporting season is about as cloudy as it could be. Between uncertain supply chain improvement, wildly out-of-control inflation, rising energy prices, and an aggressive FOMC there is a real chance the season could be a bloodbath. Within
Could This Cheap Energy Stock With A 7% Dividend Yield Be Right for Your Portfolio?
Devon Energy (NYSE: DVN) continues to witness strong results as energy prices continue to provide a tailwind to the company. Devon is an energy company primarily engaged in hydrocarbon exploration in the United States.
Investors Can Get 5%-Plus Dividend Yields on These 3 Buys
These three stocks offer the best of both worlds—dividend yields that are roughly twice that of the 10-year and have long-term capital appreciation potential to boot.
Devon Energy Stock Getting Very Oversold
3 Cheap Stocks to Buy That Are Crushing the Market
Devon Energy Whale Trades Spotted
See More Headlines

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
25179M10
Employees
1,600
Year Founded
1971

Company Calendar

Ex-Dividend for 3/31 Dividend
3/11/2022
Dividend Payable
3/31/2022
Last Earnings
5/02/2022
Ex-Dividend for 6/30 Dividend
6/10/2022
Today
6/24/2022
Dividend Payable
6/30/2022
Next Earnings (Confirmed)
8/01/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$74.94
High Stock Price Forecast
$103.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+39.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64285714285714
Research Coverage
14 Analysts

Profitability

Net Income
$2.81 billion
Pretax Margin
30.01%

Debt

Sales & Book Value

Annual Sales
$12.21 billion
Cash Flow
$6.22 per share
Book Value
$13.88 per share

Miscellaneous

Free Float
654,720,000
Market Cap
$35.49 billion
Optionable
Optionable
Beta
2.59

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Devon Energy Frequently Asked Questions

Should I buy or sell Devon Energy stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 6 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Devon Energy stock.
View analyst ratings for Devon Energy
or view top-rated stocks.

What is Devon Energy's stock price forecast for 2022?

14 brokers have issued 12-month price objectives for Devon Energy's stock. Their DVN stock forecasts range from $48.00 to $103.00. On average, they anticipate Devon Energy's stock price to reach $74.94 in the next year. This suggests a possible upside of 39.4% from the stock's current price.
View analysts' price targets for Devon Energy
or view top-rated stocks among Wall Street analysts.

How has Devon Energy's stock performed in 2022?

Devon Energy's stock was trading at $44.05 at the start of the year. Since then, DVN stock has increased by 22.1% and is now trading at $53.77.
View the best growth stocks for 2022 here
.

When is Devon Energy's next earnings date?

Devon Energy is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022.
View our earnings forecast for Devon Energy
.

How can I listen to Devon Energy's earnings call?

Devon Energy will be holding an earnings conference call on Tuesday, August 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Devon Energy's earnings last quarter?

Devon Energy Co. (NYSE:DVN) issued its earnings results on Monday, May, 2nd. The energy company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.74 by $0.14. The energy company earned $3.81 billion during the quarter, compared to analysts' expectations of $4.02 billion. Devon Energy had a trailing twelve-month return on equity of 36.57% and a net margin of 25.69%. During the same quarter in the prior year, the business earned $0.45 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 announced a quarterly dividend on Monday, May 2nd. Investors of record on Monday, June 13th will be given a dividend of $1.27 per share on Thursday, June 30th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date of this dividend is Friday, June 10th. This is a positive change from Devon Energy's previous quarterly dividend of $1.00.
View Devon Energy's dividend history
.

Is Devon Energy a good dividend stock?

Devon Energy(NYSE:DVN) pays an annual dividend of $5.08 per share and currently has a dividend yield of 9.28%. DVN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Devon Energy has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Devon Energy is 95.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Devon Energy will have a dividend payout ratio of 51.26% next year. This indicates that Devon Energy will be able to sustain or increase its dividend.
View Devon Energy's dividend history.

How will Devon Energy's stock buyback program work?

Devon Energy declared that its board has approved a share repurchase program on Monday, May 2nd 2022, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Who are Devon Energy's key executives?

Devon Energy's management team includes the following people:

What is John Richels' approval rating as Devon Energy's CEO?

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.

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 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).

What is Devon Energy's stock symbol?

Devon Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "DVN."

Who are Devon Energy's major shareholders?

Devon Energy's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.42%), State Street Corp (6.35%), GQG Partners LLC (2.28%), Invesco Ltd. (2.06%), Bank of New York Mellon Corp (1.49%) and EnCap Energy Capital Fund X L.P. (1.37%). Company insiders that own Devon Energy stock include Ann G Fox, Clay M Gaspar, Dennis C Cameron, Felix Investments Holdings Ii,, Jeffrey L Ritenour, Jeremy D Humphers, Kelt Kindick and Tana K Cashion.
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 EnCap Energy Capital Fund X L.P., Invesco Ltd., Fuller & Thaler Asset Management Inc., EnCap Energy Capital Fund IX L.P., 1832 Asset Management L.P., Bank of New York Mellon Corp, Victory Capital Management Inc., and Permian Investment Partners LP. Company insiders that have sold Devon Energy company stock in the last two years include Ann G Fox, Clay M Gaspar, Dennis C Cameron, Felix Investments Holdings Ii,, Jeffrey L Ritenour, Jeremy D Humphers, Kelt Kindick, and Tana K Cashion.
View insider buying and selling activity for Devon Energy
or view top insider-selling stocks.

Which major investors are buying Devon Energy stock?

DVN stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, Bank of Montreal Can, Arrowstreet Capital Limited Partnership, First Trust Advisors LP, Dimensional Fund Advisors LP, Asia Research & Capital Management Ltd, Twin Tree Management LP, and UBS Group AG.
View insider buying and selling activity for Devon Energy
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Devon Energy's stock price today?

One share of DVN stock can currently be purchased for approximately $53.77.

How much money does Devon Energy make?

Devon Energy (NYSE:DVN) has a market capitalization of $35.49 billion and generates $12.21 billion in revenue each year. The energy company earns $2.81 billion in net income (profit) each year or $5.329990 on an earnings per share basis.

How many employees does Devon Energy have?

Devon Energy employs 1,600 workers across the globe.

Does Devon Energy have any subsidiaries?

The following companies are subsidiares of Devon Energy: Anderson Exploration, Bleu Falcon Holdings Inc., Chief Oil & Gas LLC, Devon Canada Corporation, Devon Energy Corporation, Devon Energy International L.L.C., Devon Energy Production Company L.P., Devon Financing Company L.L.C., Devon Gas Co. L.L.C., Devon Gas Services L.P., Devon Headquarters L.L.C., Devon OEI Holdings L.L.C., Devon OEI Operating L.L.C., Felix Energy LLC, Hondo Oil & Gas Co, Kerr McGee, Mitchell Energy & Development Corp, Northstar Energy Corp, Ocean Energy Inc, PennzEnergy Company, Santa Fe Snyder Corp., and WPX Energy.
Read More

When was Devon Energy founded?

Devon Energy was founded in 1971.

How can I contact Devon Energy?

Devon Energy's mailing address is 333 WEST SHERIDAN AVENUE, OKLAHOMA CITY OK, 73102. The official website for Devon Energy is www.devonenergy.com. The energy company can be reached via phone at (405) 235-3611, via email at [email protected], or via fax at 405-552-4550.

This page (NYSE:DVN) was last updated on 6/24/2022 by MarketBeat.com Staff

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