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NYSE:DVNDevon Energy Stock Price, Forecast & News

$10.81
-0.85 (-7.29 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$10.77
Now: $10.81
$11.56
50-Day Range
$8.09
MA: $11.07
$13.12
52-Week Range
$4.70
Now: $10.81
$29.36
Volume43.10 million shs
Average Volume8.50 million shs
Market Capitalization$4.14 billion
P/E RatioN/A
Dividend Yield3.09%
Beta3.43
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 3.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.31 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP25179M10
Phone405-235-3611

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.22 billion
Cash Flow$5.05 per share
Book Value$10.56 per share

Profitability

Net Income$-355,000,000.00

Miscellaneous

Employees1,800
Market Cap$4.14 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Devon Energy (NYSE:DVN) Frequently Asked Questions

How has Devon Energy's stock been impacted by COVID-19 (Coronavirus)?

Devon Energy's stock was trading at $8.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DVN stock has increased by 28.5% and is now trading at $10.81. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Devon Energy?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 8 hold ratings and 13 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, August 4th 2020. View our earnings forecast for Devon Energy.

How were Devon Energy's earnings last quarter?

Devon Energy Corp (NYSE:DVN) posted its earnings results on Tuesday, May, 5th. The energy company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.18) by $0.31. The energy company earned $2.09 billion during the quarter, compared to analyst estimates of $1.47 billion. Devon Energy had a positive return on equity of 7.81% and a negative net margin of 24.91%. The firm's revenue for the quarter was up 93.4% on a year-over-year basis. During the same quarter last year, the business posted $0.36 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 Tuesday, February 18th. Investors of record on Monday, June 15th will be paid a dividend of $0.11 per share on Tuesday, June 30th. This represents a $0.44 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Friday, June 12th. This is a boost from Devon Energy's previous quarterly dividend of $0.09. View Devon Energy's dividend history.

How will Devon Energy's stock buyback program work?

Devon Energy announced that its board has approved a stock buyback program on Wednesday, June 6th 2018, which authorizes the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 14.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

What price target have analysts set for DVN?

21 equities research analysts have issued twelve-month price targets for Devon Energy's shares. Their forecasts range from $6.00 to $39.00. On average, they expect Devon Energy's stock price to reach $20.00 in the next year. This suggests a possible upside of 85.0% from the stock's current price. View analysts' price targets for Devon Energy.

Has Devon Energy been receiving favorable news coverage?

Headlines about DVN stock have trended negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Devon Energy earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned news articles about the energy company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutDevon Energy.

Are investors shorting Devon Energy?

Devon Energy saw a drop in short interest in May. As of May 15th, there was short interest totaling 14,720,000 shares, a drop of 26.5% from the April 30th total of 20,030,000 shares. Based on an average daily volume of 12,060,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 4.0% of the shares of the company are sold short. View Devon Energy's Current Options Chain.

Who are some of Devon Energy's key 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 Bank of America (BAC), ConocoPhillips (COP), Exxon Mobil (XOM), Alibaba Group (BABA), Micron Technology (MU), Chevron (CVX), General Electric (GE), Intel (INTC), Cisco Systems (CSCO) and Gilead Sciences (GILD).

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."

Who are Devon Energy's major shareholders?

Devon Energy's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.30%), Invesco Ltd. (7.30%), State Street Corp (6.40%), Victory Capital Management Inc. (2.29%), Victory Capital Management Inc. (2.29%) and Geode Capital Management LLC (1.71%). Company insiders that own Devon Energy stock include Jeremy D Humphers, John E Bethancourt, Lyndon C Taylor 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 Eaton Vance Management, Wellington Management Group LLP, Healthcare of Ontario Pension Plan Trust Fund, Canada Pension Plan Investment Board, Paloma Partners Management Co, Natixis Advisors L.P., Alliancebernstein L.P., and Tudor Investment Corp Et Al. View insider buying and selling activity for Devon Energy.

Which institutional investors are buying Devon Energy stock?

DVN stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., State Street Corp, Parametric Portfolio Associates LLC, BlackRock Inc., Deutsche Bank AG, Luminus Management LLC, Alyeska Investment Group L.P., and Morgan Stanley. Company insiders that have bought Devon Energy stock in the last two years include John E Bethancourt, and Robert H Henry. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Devon Energy's stock price today?

One share of DVN stock can currently be purchased for approximately $10.81.

How big of a company is Devon Energy?

Devon Energy has a market capitalization of $4.14 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 5/30/2020 by MarketBeat.com Staff

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