NYSE:DVN

Devon Energy Stock Forecast, Price & News

$26.22
+0.95 (+3.76 %)
(As of 05/7/2021 12:00 AM ET)
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Today's Range
$24.71
$26.58
50-Day Range
$20.97
$25.27
52-Week Range
$7.73
$26.58
Volume13.23 million shs
Average Volume12.97 million shs
Market Capitalization$17.75 billion
P/E RatioN/A
Dividend Yield1.74%
Beta3.46
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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP25179M10
Phone405-235-3611
Employees1,400
Year Founded1971

Sales & Book Value

Annual Sales$6.22 billion
Cash Flow$7.47 per share
Book Value$15.41 per share

Profitability

Net Income$-355,000,000.00

Debt

Price-To-Earnings

Miscellaneous

Market Cap$17.75 billion
Next Earnings Date8/3/2021 (Estimated)
OptionableOptionable

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Headlines

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About Devon Energy

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 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

MarketRank

Overall MarketRank

2.07 out of 5 stars

Oils/Energy Sector

39th out of 668 stocks

Crude Petroleum & Natural Gas Industry

15th out of 247 stocks

Analyst Opinion: 2.5Community Rank: 3.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Devon Energy (NYSE:DVN) Frequently Asked Questions

Is Devon Energy a buy right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 2 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Devon Energy stock.
View analyst ratings for Devon Energy
or view top-rated stocks.

What stocks does MarketBeat like better than Devon Energy?

Wall Street analysts have given Devon Energy a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Devon Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Devon Energy?

Devon Energy saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 11,740,000 shares, a drop of 22.4% from the March 15th total of 15,120,000 shares. Based on an average daily volume of 12,740,000 shares, the short-interest ratio is currently 0.9 days.
View Devon Energy's Short Interest
.

When is Devon Energy's next earnings date?

Devon Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Devon Energy
.

How were Devon Energy's earnings last quarter?

Devon Energy Co. (NYSE:DVN) issued its earnings results on Tuesday, May, 4th. The energy company reported $0.45 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.35 by $0.10. Devon Energy had a positive trailing twelve-month return on equity of 2.38% and a negative net margin of 62.68%. During the same period last year, the business earned $0.06 EPS.
View Devon Energy's earnings history
.

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 211.8% and is now trading at $26.22.
View which stocks have been most impacted by COVID-19
.

How often does Devon Energy pay dividends? What is the dividend yield for Devon Energy?

Devon Energy announced a quarterly dividend on Tuesday, May 4th. Investors of record on Monday, June 14th will be paid a dividend of $0.34 per share on Wednesday, June 30th. This represents a $1.36 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Thursday, May 13th. This is a positive change from Devon Energy's previous quarterly dividend of $0.11.
View Devon Energy's dividend history
.

Is Devon Energy a good dividend stock?

Devon Energy pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.74%. Devon Energy has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Devon Energy is 31.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Devon Energy will have a dividend payout ratio of 72.13% next year. This indicates that Devon Energy will be able to sustain or increase its dividend.
View Devon Energy's dividend history.

What price target have analysts set for DVN?

22 equities research analysts have issued 1-year price objectives for Devon Energy's stock. Their forecasts range from $14.00 to $37.00. On average, they expect Devon Energy's share price to reach $24.31 in the next year. This suggests that the stock has a possible downside of 7.3%.
View analysts' price targets for Devon Energy
or view top-rated stocks among Wall Street analysts.

Who are Devon Energy's key executives?

Devon Energy's management team includes the following people:
  • Mr. Jeffrey L. Ritenour, Exec. VP & CFO (Age 48, Pay $1.65M) (LinkedIn Profile)
  • Ms. Tana K. Cashion, Sr. VP of HR & Admin. (Age 50, Pay $636.45k) (LinkedIn Profile)
  • Mr. David Gerard Harris, Exec. VP, Chief Corp. Devel. Officer & Exec. VP of Exploration & Production (Age 47, Pay $1.31M) (LinkedIn Profile)
  • Mr. Richard E. Muncrief, Pres, CEO & Director (Age 62)
  • Mr. J. Larry Nichols, Co-Founder & Chairman Emeritus (Age 79)
  • Mr. Clay M. Gaspar, Exec. VP & COO (Age 49)
  • Mr. Jeremy D. Humphers, Sr. VP & Chief Accounting Officer (Age 47) (LinkedIn Profile)
  • Ms. Alana Tetrick, VP of Corp. Fin. & Treasurer (Age 39) (LinkedIn Profile)
  • Mr. Trey Lowe, VP of Technology (LinkedIn Profile)
  • Mr. Scott Coody, VP of Investor Relations (Age 45) (LinkedIn Profile)

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.

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), 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.79%), Victory Capital Management Inc. (1.57%), Fisher Asset Management LLC (0.48%), Swiss National Bank (0.34%), Sumitomo Mitsui Trust Holdings Inc. (0.29%) and The Manufacturers Life Insurance Company (0.26%). Company insiders that own Devon Energy stock include Felix Investments Holdings Ii, and Jeremy D Humphers.
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 Flippin Bruce & Porter Inc., LSV Asset Management, Victory Capital Management Inc., Nepsis Inc., Thompson Investment Management Inc., Congress Asset Management Co. MA, Greatmark Investment Partners Inc., and Polianta Ltd. Company insiders that have sold Devon Energy company stock in the last year include Felix Investments Holdings Ii,, and Jeremy D Humphers.
View insider buying and selling activity for Devon Energy
or view top insider-selling stocks.

Which institutional investors are buying Devon Energy stock?

DVN stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., Swiss National Bank, Assenagon Asset Management S.A., The Manufacturers Life Insurance Company , Alliancebernstein L.P., Rhumbline Advisers, and Zurcher Kantonalbank Zurich Cantonalbank .
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 $26.22.

How much money does Devon Energy make?

Devon Energy has a market capitalization of $17.75 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.

How many employees does Devon Energy have?

Devon Energy employs 1,400 workers across the globe.

When was Devon Energy founded?

Devon Energy was founded in 1971.

What is Devon Energy's official website?

The official website for Devon Energy is www.devonenergy.com.

Where are Devon Energy's headquarters?

Devon Energy is headquartered at 333 WEST SHERIDAN AVENUE, OKLAHOMA CITY OK, 73102.

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 5/9/2021 by MarketBeat.com Staff
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