NYSE:DVNDevon Energy Stock Price, Forecast & News

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 28.5% and is now trading at $10.81. View which stocks have been most impacted by Coronavirus.

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.

Devon Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Devon Energy.

Devon Energy Corp (NYSE:DVN) announced its quarterly earnings data on Tuesday, May, 5th. The energy company reported $0.13 EPS for the quarter, topping the 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 company's revenue for the quarter was up 93.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS. View Devon Energy's earnings history.

Devon Energy announced a quarterly dividend on Tuesday, February 18th. Shareholders of record on Monday, June 15th will be given a dividend of $0.11 per share on Tuesday, June 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Friday, June 12th. This is an increase from Devon Energy's previous quarterly dividend of $0.09. View Devon Energy's dividend history.

Devon Energy announced that its Board of Directors has initiated a share buyback program on Wednesday, June 6th 2018, which allows the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 14.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

21 brokerages have issued 12 month price targets for Devon Energy's shares. Their forecasts range from $6.00 to $39.00. On average, they anticipate 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.

News coverage about DVN stock has been trending somewhat positive this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Devon Energy earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave headlines about the energy company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutDevon Energy.

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

Some companies that are related to Devon Energy include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Marathon Oil (MRO), Continental Resources (CLR), Apache (APA), Noble Energy (NBL), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Southwestern Energy (SWN) and Range Resources (RRC). View all competitors.

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).

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

Devon Energy's stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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.

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.

DVN stock was purchased 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.

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.

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

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.

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

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]