Devon Energy Corporation Company Profile (NYSE:DVN)

About Devon Energy Corporation (NYSE:DVN)

Devon Energy Corporation logoDevon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company's segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company's operations are concentrated in various North American onshore areas in the United States and Canada. The Company's U.S. and Canada segments are primarily engaged in oil and gas exploration and production activities. EnLink is a master limited partnership (MLP) with a midstream business and operations located across the United States. EnLink focuses on providing gathering, transmission, processing, storage, fractionation and marketing to upstream oil and natural gas producers. The Company's properties include Barnett Shale, Delaware Basin, Eagle Ford, Heavy Oil, Rockies Oil and STACK.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Exploration and Production
  • Sub-Industry: Oil & Gas Exploration & Production
  • Symbol: NYSE:DVN
  • CUSIP: 25179M10
  • Web: www.devonenergy.com
Capitalization:
  • Market Cap: $18.36 billion
  • Outstanding Shares: 525,599,000
Average Prices:
  • 50 Day Moving Avg: $34.88
  • 200 Day Moving Avg: $34.58
  • 52 Week Range: $28.79 - $50.69
P/E:
  • Trailing P/E Ratio: 7.90
  • Foreward P/E Ratio: 16.87
  • P/E Growth: -3.89
Sales & Book Value:
  • Annual Revenue: $12.07 billion
  • Price / Sales: 1.52
  • Book Value: $13.12 per share
  • Price / Book: 2.66
Dividend:
  • Annual Dividend: $0.24
  • Dividend Yield: 0.7%
Profitability:
  • EBITDA: $3.49 billion
  • Net Margins: 16.07%
  • Return on Equity: 5.36%
  • Return on Assets: 2.17%
Debt:
  • Debt-to-Equity Ratio: 0.93%
  • Current Ratio: 1.61%
  • Quick Ratio: 1.61%
Misc:
  • Average Volume: 4.14 million shs.
  • Beta: 2.21
  • Short Ratio: 1.66
 

Frequently Asked Questions for Devon Energy Corporation (NYSE:DVN)

What is Devon Energy Corporation's stock symbol?

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

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

Devon Energy Corporation declared a quarterly dividend on Wednesday, September 13th. Shareholders of record on Friday, December 15th will be given a dividend of $0.06 per share on Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, December 14th. View Devon Energy Corporation's Dividend History.

How were Devon Energy Corporation's earnings last quarter?

Devon Energy Corporation (NYSE:DVN) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.01. The business earned $3.27 billion during the quarter, compared to analyst estimates of $3.24 billion. Devon Energy Corporation had a return on equity of 5.36% and a net margin of 16.07%. Devon Energy Corporation's quarterly revenue was up 31.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. View Devon Energy Corporation's Earnings History.

When will Devon Energy Corporation make its next earnings announcement?

Devon Energy Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Devon Energy Corporation.

Where is Devon Energy Corporation's stock going? Where will Devon Energy Corporation's stock price be in 2017?

17 brokers have issued 12-month target prices for Devon Energy Corporation's shares. Their forecasts range from $28.00 to $66.00. On average, they expect Devon Energy Corporation's share price to reach $45.44 in the next year. View Analyst Ratings for Devon Energy Corporation.

What are analysts saying about Devon Energy Corporation stock?

Here are some recent quotes from research analysts about Devon Energy Corporation stock:

  • 1. According to Zacks Investment Research, "Loss in Devon’s shares was wider than the broader industry in the last three months. The highly competitive nature of the oil and gas industry has always been a headwind and limited control over some properties controlled by third parties could have an adverse impact on Devon’s performance. Further, its profitability is subject to oil, natural gas and NGL prices, which are volatile and cyclical in nature. However, Devon’s deep and diversified portfolio, primarily composed of unconventional resources, holds significant long-term growth potential. Thanks to solid oil production and performance from its domestic oil plays, the company is well poised to deliver 13–17% growth in U.S. oil production in 2017 from 2016 levels. Devon will continue with its cost-savings initiative in 2017 as well." (7/14/2017)
  • 2. KLR Group analysts commented, "We are increasing our DVN target price $9 to $62 per share due to approximately 10% lower capital intensity (focus on core plays), slightly higher U.S. liquids price realizations and lower other expense. Our composite weighted average cost-of-capital values the midstream business at ~11x next year's cash generation (EnLink Midstream LLC (ENLC, $19.30, NR)/EnLink Midstream Partners (ENLK, $19.16, NR) valuation)." (2/15/2017)

Who are some of Devon Energy Corporation's key competitors?

Who are Devon Energy Corporation's key executives?

Devon Energy Corporation's management team includes the folowing people:

  • John Richels, Chairman of the Board
  • David A. Hager, President, Chief Executive Officer, Director
  • Jeffrey L. Ritenour, Chief Financial Officer, Executive Vice President
  • Tony D. Vaughn, Chief Operating Officer
  • Lyndon C. Taylor, Executive Vice President, General Counsel
  • R. Alan Marcum, Executive Vice President - Administration
  • Robert A. Mosbacher Jr., Lead Independent Director
  • Barbara M. Baumann, Independent Director
  • John E. Bethancourt, Independent Director
  • Robert H. Henry, Independent Director

Who owns Devon Energy Corporation stock?

Devon Energy Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.05%), Centre Asset Management LLC (0.04%), Assenagon Asset Management S.A. (0.04%), State Treasurer State of Michigan (0.03%), Shell Asset Management Co. (0.01%) and Mutual of America Capital Management LLC (0.01%). Company insiders that own Devon Energy Corporation stock include Barbara M Baumann, Robert A Mosbacher Jr and Robert H Henry. View Institutional Ownership Trends for Devon Energy Corporation.

Who sold Devon Energy Corporation stock? Who is selling Devon Energy Corporation stock?

Devon Energy Corporation's stock was sold by a variety of institutional investors in the last quarter, including Private Asset Management Inc., Meeder Asset Management Inc., Mutual of America Capital Management LLC, State Treasurer State of Michigan, JJJ Advisors Inc., Osborn Williams & Donohoe LLC, Culbertson A N & Co. Inc. and Ingalls & Snyder LLC. Company insiders that have sold Devon Energy Corporation stock in the last year include Robert A Mosbacher Jr and Robert H Henry. View Insider Buying and Selling for Devon Energy Corporation.

Who bought Devon Energy Corporation stock? Who is buying Devon Energy Corporation stock?

Devon Energy Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Centre Asset Management LLC, Assenagon Asset Management S.A., APG Asset Management N.V., Shell Asset Management Co., Deane Retirement Strategies Inc., Robeco Institutional Asset Management B.V. and Quantitative Systematic Strategies LLC. View Insider Buying and Selling for Devon Energy Corporation.

How do I buy Devon Energy Corporation stock?

Shares of Devon Energy Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Devon Energy Corporation's stock price today?

One share of Devon Energy Corporation stock can currently be purchased for approximately $34.93.


MarketBeat Community Rating for Devon Energy Corporation (NYSE DVN)
Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  819 (Vote Outperform)
Underperform Votes:  544 (Vote Underperform)
Total Votes:  1,363
MarketBeat's community ratings are surveys of what our community members think about Devon Energy Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Devon Energy Corporation (NYSE:DVN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings, 13 Buy Ratings
Consensus Rating:Buy (Score: 2.76)
Consensus Price Target: $45.44 (30.08% upside)
Consensus Price Target History for Devon Energy Corporation (NYSE:DVN)
Price Target History for Devon Energy Corporation (NYSE:DVN)
Analysts' Ratings History for Devon Energy Corporation (NYSE:DVN)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017Morgan StanleyBoost Price TargetOverweight$42.00 -> $48.00N/AView Rating Details
10/10/2017BMO Capital MarketsSet Price TargetBuy$45.00N/AView Rating Details
10/9/2017Jefferies Group LLCUpgradeHold -> Buy$43.00N/AView Rating Details
10/5/2017Stifel NicolausSet Price TargetBuy$66.00N/AView Rating Details
9/28/2017Cowen and CompanyReiterated RatingBuy$40.00LowView Rating Details
9/18/2017Piper Jaffray CompaniesLower Price TargetNeutral$46.00 -> $36.00MediumView Rating Details
8/25/2017Royal Bank Of CanadaSet Price TargetBuy$43.00LowView Rating Details
8/11/2017ScotiabankSet Price TargetBuy$47.00LowView Rating Details
8/9/2017Barclays PLCReiterated RatingOverweight$31.00 -> $35.00LowView Rating Details
7/21/2017Citigroup Inc.Lower Price TargetBuy$52.00 -> $40.00LowView Rating Details
7/6/2017Sanford C. BernsteinDowngradeOutperform -> Market Perform$54.00 -> $33.00HighView Rating Details
6/21/2017Seaport Global SecuritiesDowngradeBuy -> Neutral$51.00 -> $28.00HighView Rating Details
5/15/2017KLR GroupReiterated RatingBuy$52.00 -> $54.00LowView Rating Details
5/11/2017Bank of America CorporationReiterated RatingBuyLowView Rating Details
5/4/2017Credit Suisse GroupBoost Price TargetOutperform$63.00 -> $64.00LowView Rating Details
2/15/2017Societe GeneraleUpgradeHold -> Buy$55.00N/AView Rating Details
1/11/2017Wells Fargo & CompanyDowngradeOutperform -> Market Perform$50.00N/AView Rating Details
9/6/2016Raymond James Financial, Inc.DowngradeOutperform -> Market Perform$45.84N/AView Rating Details
8/23/2016ArgusBoost Price TargetBuy$51.00 -> $61.00N/AView Rating Details
8/3/2016J P Morgan Chase & CoReiterated RatingBuyN/AView Rating Details
7/17/2016Deutsche Bank AGReiterated RatingBuyN/AView Rating Details
7/11/2016Howard WeilUpgradeSector Outperform -> Focus Stock$50.00 -> $61.00N/AView Rating Details
7/7/2016SimmonsReiterated RatingNeutral$39.00 -> $41.00N/AView Rating Details
6/16/2016WunderlichBoost Price TargetBuy$40.00 -> $41.00N/AView Rating Details
5/19/2016Johnson RiceUpgradeHold -> AccumulateN/AView Rating Details
5/12/2016StephensReiterated RatingHoldN/AView Rating Details
4/15/2016Evercore ISIUpgradeHold -> Buy$30.00 -> $40.00N/AView Rating Details
3/8/2016Iberia CapitalLower Price TargetSector Perform$45.00 -> $30.00N/AView Rating Details
2/22/2016Susquehanna Bancshares IncLower Price Target$37.00 -> $30.00N/AView Rating Details
2/18/2016MacquarieLower Price TargetOutperform$52.00 -> $29.00N/AView Rating Details
2/18/2016Wolfe ResearchDowngradeOutperform -> Market PerformN/AView Rating Details
2/17/2016Mitsubishi UFJ Financial GroupUpgradeUnderweight -> NeutralN/AView Rating Details
2/18/2016GuggenheimLower Price TargetBuy$57.00 -> $39.00N/AView Rating Details
2/18/2016Goldman Sachs Group, Inc. (The)Lower Price TargetNeutral$39.00 -> $34.00N/AView Rating Details
1/25/2016Tudor PickeringUpgradeAccumulate -> BuyN/AView Rating Details
1/21/2016NomuraLower Price TargetNeutral$49.00 -> $32.00N/AView Rating Details
12/8/2015Mitsubishi UFJ Financial Group IncReiterated RatingUnderweightN/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Devon Energy Corporation (NYSE:DVN)
Earnings by Quarter for Devon Energy Corporation (NYSE:DVN)
Earnings History by Quarter for Devon Energy Corporation (NYSE DVN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.40N/AView Earnings Details
8/1/2017Q2 2017$0.33$0.34$3.24 billion$3.27 billionViewListenView Earnings Details
5/2/2017Q1 2017$0.40$0.41$2.98 billion$3.55 billionViewListenView Earnings Details
2/14/2017Q416$0.21$0.25$2.79 billion$2.81 billionViewN/AView Earnings Details
11/1/2016Q316$0.05$0.09$2.66 billion$2.88 billionViewN/AView Earnings Details
8/2/2016Q216($0.19)$0.06$2.29 million$2.49 billionViewN/AView Earnings Details
5/3/2016Q116($0.64)($0.53)$2.60 billion$2.13 billionViewN/AView Earnings Details
2/16/2016Q415$0.71$0.77$3.63 billion$2.89 billionViewListenView Earnings Details
11/3/2015Q315$0.52$0.76$3.98 billion$3.60 billionViewN/AView Earnings Details
8/4/2015Q215$0.42$0.78$3.74 billion$3.39 billionViewN/AView Earnings Details
5/5/2015Q115$0.26$0.22$3.75 billion$3.27 billionViewN/AView Earnings Details
2/17/2015Q414$1.10$0.83$4.11 billion$6.00 billionViewN/AView Earnings Details
11/4/2014Q314$1.27$1.34$4.15 billion$5.34 billionViewN/AView Earnings Details
8/6/2014Q214$1.40$1.40$3.71 billion$4.51 billionViewN/AView Earnings Details
5/7/2014Q114$1.25$1.34$2.87 billion$3.73 billionViewListenView Earnings Details
2/19/2014Q413$1.09$1.10$2.69 billion$2.62 billionViewListenView Earnings Details
11/6/2013Q313$1.20$1.29$2.74 billion$2.72 billionViewListenView Earnings Details
8/7/2013Q2 2013$0.95$1.21$2.60 billion$3.09 billionViewListenView Earnings Details
5/1/2013Q1 2013$0.56$0.66$2.28 billion$1.97 billionViewN/AView Earnings Details
2/20/2013Q4 2012$0.75$0.78$2.37 billion$2.58 billionViewListenView Earnings Details
11/7/2012Q312$0.70$0.88$2.32 billion$1.87 billionViewN/AView Earnings Details
8/1/2012$0.85$0.55ViewN/AView Earnings Details
5/2/2012$1.42$1.05ViewN/AView Earnings Details
2/15/2012$1.47$1.55ViewN/AView Earnings Details
11/2/2011$1.50$1.54ViewN/AView Earnings Details
8/3/2011$1.53$1.71ViewN/AView Earnings Details
5/4/2011$1.33$0.97ViewN/AView Earnings Details
2/16/2011$1.41$1.57ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Devon Energy Corporation (NYSE:DVN)
2017 EPS Consensus Estimate: $1.76
2018 EPS Consensus Estimate: $1.59
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.34$0.56$0.43
Q2 20173$0.23$0.65$0.39
Q3 20173$0.34$0.55$0.42
Q4 20173$0.38$0.64$0.52
Q1 20182$0.15$0.50$0.33
Q2 20182$0.15$0.53$0.34
Q3 20182$0.23$0.68$0.46
Q4 20182$0.23$0.71$0.47
Q1 20191$0.76$0.76$0.76
Q2 20191$0.80$0.80$0.80
Q3 20191$0.84$0.84$0.84
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Devon Energy Corporation (NYSE:DVN)
Next Dividend:12/29/2017
Annual Dividend:$0.24
Dividend Yield:0.69%
Dividend Growth:-13.10% (3 Year Average)
Payout Ratio:5.47% (Trailing 12 Months of Earnings)
14.04% (Based on This Year's Estimates)
11.59% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Devon Energy Corporation (NYSE:DVN)

Dividend History by Quarter for Devon Energy Corporation (NYSE DVN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/13/2017quarterly$0.060.71%12/14/201712/15/201712/29/2017
6/7/2017quarterly$0.060.76%9/14/20179/15/20179/29/2017
3/1/2017quarterly$0.060.55%6/13/20176/15/20176/30/2017
11/30/2016quarterly$0.060.5%3/13/20173/15/20173/31/2017
9/14/2016quarterly$0.060.59%12/13/201612/15/201612/30/2016
6/8/2016quarterly$0.060.64%9/13/20169/15/20169/30/2016
2/16/2016quarterly$0.061.18%6/13/20166/15/20166/30/2016
12/2/2015quarterly$0.242.34%3/11/20163/15/20163/31/2016
9/16/2015quarterly$0.242.35%12/11/201512/15/201512/31/2015
6/3/2015quarterly$0.241.52%9/11/20159/15/20159/30/2015
3/5/2015quarterly$0.241.62%6/11/20156/15/20156/30/2015
12/3/2014quarterly$0.241.61%3/11/20153/13/20153/31/2015
9/10/2014quarterly$0.241.36%12/10/201412/12/201412/31/2014
6/4/2014quarterly$0.241.28%9/10/20149/12/20149/30/2014
3/5/2014quarterly$0.241.49%6/11/20146/13/20146/30/2014
12/4/2013quarterly$0.221.43%3/12/20143/14/20143/31/2014
9/11/2013quarterly$0.221.49%12/11/201312/13/201312/31/2013
6/5/2013quarterly$0.221.58%9/11/20139/13/20139/30/2013
3/6/2013quarterly$0.221.58%6/12/20136/14/20136/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Devon Energy Corporation (NYSE:DVN)
Insider Ownership Percentage: 0.51%
Institutional Ownership Percentage: 77.00%
Insider Trades by Quarter for Devon Energy Corporation (NYSE:DVN)
Institutional Ownership by Quarter for Devon Energy Corporation (NYSE:DVN)
Insider Trades by Quarter for Devon Energy Corporation (NYSE:DVN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/4/2017Robert H HenryDirectorSell7,045$33.35$234,950.75View SEC Filing  
4/21/2017Robert A Mosbacher JrDirectorSell800$39.18$31,344.00View SEC Filing  
6/20/2016Robert H HenryDirectorSell7,100$37.43$265,753.00View SEC Filing  
1/6/2016Barbara M BaumannDirectorBuy8,200$30.44$249,608.00View SEC Filing  
7/6/2015Barbara M BaumannDirectorBuy4,500$56.58$254,610.00View SEC Filing  
6/10/2015Robert A Mosbacher JrDirectorSell3,200$64.00$204,800.00View SEC Filing  
12/23/2014Robert H HenryDirectorSell4,089$61.12$249,919.68View SEC Filing  
10/23/2014Akash PatelDirectorBuy25,000$0.17$4,250.00
10/15/2014John E BethancourtDirectorBuy9,150$54.64$499,956.00View SEC Filing  
8/29/2014Robert A Mosbacher JrDirectorSell4,100$74.75$306,475.00View SEC Filing  
7/17/2014Frank W RudolphEVPSell48,493$78.00$3,782,454.00View SEC Filing  
7/14/2014Frank W RudolphEVPSell20,135$77.08$1,552,005.80View SEC Filing  
6/23/2014Robert A Mosbacher JrDirectorSell3,500$79.07$276,745.00View SEC Filing  
5/19/2014Frank RudolphEVPSell1,000$71.31$71,310.00View SEC Filing  
7/18/2013William F WhitsittEVPSell2,000$57.00$114,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Devon Energy Corporation (NYSE:DVN)
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Chart

Devon Energy Corporation (DVN) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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