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NYSE:DVN

Devon Energy Stock Forecast, Price & News

$41.44
+0.60 (+1.47%)
(As of 12/2/2021 12:57 PM ET)
Add
Compare
Today's Range
$39.10
$41.71
50-Day Range
$32.80
$45.09
52-Week Range
$13.78
$45.56
Volume
628,503 shs
Average Volume
11.82 million shs
Market Capitalization
$28.05 billion
P/E Ratio
24.81
Dividend Yield
1.05%
Beta
3.11
30 days | 90 days | 365 days | Advanced Chart
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Devon Energy logo

About Devon Energy

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Baarnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

Headlines

Devon Energy Corp.: The Recent Weakness Is An Opportunity
December 1, 2021 |  seekingalpha.com
Devon Energy (NYSE:DVN) PT Raised to $61.00
November 30, 2021 |  americanbankingnews.com
Why Oil Stocks Plunged on Friday
November 26, 2021 |  finance.yahoo.com
Devon Energy (NYSE:DVN) Stock Price Down 10.6%
November 26, 2021 |  americanbankingnews.com
3 Top Stocks to Be Thankful for This Year
November 25, 2021 |  finance.yahoo.com
S&P 500 Climbs as Bulls Buy Dip in Tech
November 24, 2021 |  finance.yahoo.com
Devon Energy (NYSE:DVN) Reaches New 1-Year High at $45.42
November 24, 2021 |  americanbankingnews.com
Devon Energy: Plenty of Gas in the Tank
November 23, 2021 |  nasdaq.com
Devon Energy (NYSE:DVN) Trading Up 5.3%
November 23, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
25179M10
Employees
1,400
Year Founded
1971

Sales & Book Value

Annual Sales
$4.83 billion
Cash Flow
$1.88 per share
Book Value
$4.49 per share

Profitability

Net Income
$-2.68 billion
Pretax Margin
12.62%

Debt

Price-To-Earnings

Miscellaneous

Free Float
671,584,000
Market Cap
$28.05 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/10/2021
Dividend Payable
9/30/2021
Last Earnings
11/02/2021
Today
12/02/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/15/2022

Social Links


MarketRank

Overall MarketRank

3.12 out of 5 stars

Oils/Energy Sector

13th out of 356 stocks

Crude Petroleum & Natural Gas Industry

6th out of 113 stocks

Analyst Opinion: 2.5Community Rank: 5.0Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 3.1 5 -4 -3 -2 -1 -












Devon Energy (NYSE:DVN) Frequently Asked Questions

Is Devon Energy a buy right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 2 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Devon Energy stock.
View analyst ratings for Devon Energy
or view top-rated stocks.

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

Devon Energy's stock was trading at $8.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, DVN shares have increased by 393.9% and is now trading at $41.54.
View which stocks have been most impacted by COVID-19
.

When is Devon Energy's next earnings date?

Devon Energy is scheduled to release its next quarterly earnings announcement on Tuesday, February 15th 2022.
View our earnings forecast for Devon Energy
.

How were Devon Energy's earnings last quarter?

Devon Energy Co. (NYSE:DVN) announced its quarterly earnings results on Tuesday, November, 2nd. The energy company reported $1.08 EPS for the quarter, topping the Zacks' consensus estimate of $0.93 by $0.15. The energy company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.19 billion. Devon Energy had a net margin of 13.50% and a trailing twelve-month return on equity of 19.77%. During the same period in the prior year, the company posted ($0.04) EPS.
View Devon Energy's earnings history
.

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

Devon Energy declared a quarterly dividend on Tuesday, November 2nd. Investors of record on Friday, December 10th will be given a dividend of $0.84 per share on Thursday, December 30th. This represents a $3.36 annualized dividend and a yield of 8.09%.
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 1.05%. Devon Energy has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Devon Energy is 26.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Devon Energy will have a dividend payout ratio of 8.35% 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 announced that its Board of Directors has initiated a stock repurchase program on Tuesday, November 2nd 2021, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 3.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

What price target have analysts set for DVN?

20 analysts have issued 12-month target prices for Devon Energy's stock. Their forecasts range from $17.00 to $65.00. On average, they expect Devon Energy's stock price to reach $42.79 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
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:
  • Richard E. Muncrief, President, Chief Executive Officer & Director
  • Clay M. Gaspar, Chief Operating Officer & Executive Vice President
  • Jeffrey L. Ritenour, Chief Financial Officer & Executive Vice President
  • Trey Lowe, Vice President-Technology
  • Lyndon C. Taylor, Executive VP, Chief Legal & Administrative Officer

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 a variety of retail and institutional investors. Top institutional investors include Invesco Ltd. (3.83%), Bank of New York Mellon Corp (2.15%), GQG Partners LLC (2.05%), Victory Capital Management Inc. (1.89%), Geode Capital Management LLC (1.80%) and Fuller & Thaler Asset Management Inc. (1.57%). Company insiders that own Devon Energy stock include Clay M Gaspar, Dennis C Cameron, Felix Investments Holdings Ii, and Jeremy D Humphers.
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 Pacer Advisors Inc., Shapiro Capital Management LLC, Neuberger Berman Group LLC, FIL Ltd, Millennium Management LLC, Dimensional Fund Advisors LP, Squarepoint Ops LLC, and Formula Growth Ltd.. Company insiders that have sold Devon Energy company stock in the last year include Clay M Gaspar, Dennis C Cameron, Felix Investments Holdings Ii,, and Jeremy D Humphers.
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 acquired by a variety of institutional investors in the last quarter, including GQG Partners LLC, Scout Investments Inc., Lord Abbett & CO. LLC, Raymond James Financial Services Advisors Inc., American Century Companies Inc., Bank of New York Mellon Corp, Geode Capital Management LLC, and Morgan Stanley.
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 $41.54.

How much money does Devon Energy make?

Devon Energy has a market capitalization of $28.12 billion and generates $4.83 billion in revenue each year. The energy company earns $-2.68 billion in net income (profit) each year or $1.67 on an earnings per share basis.

How many employees does Devon Energy have?

Devon Energy employs 1,400 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.

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, via email at [email protected], or via fax at 405-552-4550.


This page was last updated on 12/2/2021 by MarketBeat.com Staff

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