Devon Energy Corporation (DVN)
| Market Cap | 25.16B |
| Revenue (ttm) | 14.53B |
| Net Income (ttm) | 3.40B |
| Shares Out | 656.90M |
| EPS (ttm) | 5.41 |
| PE Ratio | 7.08 |
| Forward PE | 8.94 |
| Dividend | $1.45 (3.79%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 4,705,575 |
| Open | 37.95 |
| Previous Close | 37.91 |
| Day's Range | 37.93 - 38.79 |
| 52-Week Range | 37.77 - 55.09 |
| Beta | 2.07 |
| Analysts | Buy |
| Price Target | 52.21 (+36.32%) |
| Earnings Date | Nov 5, 2024 |
About DVN
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma. [Read more]
Financial Performance
In 2023, Devon Energy's revenue was $14.43 billion, a decrease of -23.56% compared to the previous year's $18.87 billion. Earnings were $3.75 billion, a decrease of -37.11%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for DVN stock is "Buy." The 12-month stock price forecast is $52.21, which is an increase of 36.32% from the latest price.
News
Devon Energy Presents A Conundrum
Devon Energy is a $25.5 billion market cap oil E&P company. Its base dividend yields 2.3%, and it also repurchases shares and has paid a variable dividend in the past. Devon is operating well, and its...
Devon Energy sees US crude oil at $60-$80 per barrel for foreseeable future
Benchmark U.S. West Texas Intermediate (WTI) crude oil will cost $60-$80 per barrel in the foreseeable future, shale producer Devon Energy's chief executive officer told attendees at an energy confere...
High Yield Oil And Gas Ranked By Relative Quality
With oil near its one-year low and natural gas near its five-year low, oil and gas producers are on sale; with offering yields over 4%. Thirty-nine energy producers were evaluated by means of a multi-...
Devon Energy Corporation (DVN) Q3 2024 Earnings Call Transcript
Devon Energy Corporation (NYSE:DVN) Q3 2024 Results Conference Call November 6, 2024 11:00 AM ET Company Participants Rosy Zuklic - Vice President of Investor Relations Rick Muncrief - President and ...
Devon Energy beats profit estimates, raises production forecast
Oil and gas firm Devon Energy on Tuesday reported third-quarter profit above estimates on strong production and forecast higher output for the current quarter on the back of its $5 billion Grayson Mil...
Devon Energy Reports Third-Quarter 2024 Results and Declares Quarterly Dividend
OKLAHOMA CITY, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the third-quarter 2024. The company also declared its quarterly div...
Trade Tracker: Jenny Harrington buys Devon Energy
Jenny Harrington, CEO of Gilman Hill Asset Management, joins CNBC's 'Halftime Report' to break down why she's buying back Devon Energy.
Devon Energy Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Devon Energy Corporation DVN will release earnings results for its third quarter, after the closing bell on Tuesday, Nov. 5.
4-Factor Dividend Growth Portfolio: FY3 Rebalance And 21.57% Long-Term CAGR
The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists. The portfolio finished FY2 on October 31, 20...
Devon Energy Looks Undervalued Heading Into Earnings, Yielding Over 5%
Devon Energy is undervalued with high profitability, trading at less than 8 times forward earnings and 9 times FCF, making it an attractive investment. DVN's strong Q2 performance, increased productio...
Oil Stocks Fall, Travel Shares Rise as Crude Futures Plunge
Shares of companies impacted by the price of oil were among the biggest movers in the S&P 500 Monday as crude futures sank after a weekend retaliatory strike against Iran by Israel didn't hit Iran's o...
Devon Energy: Ready To Capitalize When Oil Prices Rise
Devon Energy's acquisition of Grayson Mill is expected to be accretive to existing shares. Devon Energy's balance sheet is improving, with a goal of reducing net debt to less than 1x EBITDAX. Devon En...
Wakeup Call - It's Time To Buy High-Yield Dividends
The market is experiencing robust earnings growth, low inflation, and solid GDP figures, leading many to feel bullish despite underlying economic challenges. While valuations are high, investors are b...
Stock Picks From Seeking Alpha's September 2024 New Analysts
In September, thirty new analysts joined Seeking Alpha, offering diverse stock picks and insights, from Strong Buy to Strong Sell ratings. Highlighted picks include InMode Ltd., Intel Corporation, and...
Devon Energy Completes Strategic Acquisition in the Williston Basin
OKLAHOMA CITY, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced that it has completed its previously announced acquisition of Grayson Mill Energy, for a transaction va...
Copper Loves the Fed Cut. 6 Sleeper Stocks to Play Catch-Up.
It might be too late for mining stocks, but there are other buys out there linked to the metal.And they have room to run.
Devon Energy Schedules Third-Quarter 2024 Earnings Release and Conference Call
OKLAHOMA CITY, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report third-quarter 2024 results on Tuesday, Nov. 5, after the close of U.S. financial markets...
5 Reasons To Hold Devon Energy Stock
Devon Energy's Q2 2024 oil production hit a record 335 MBOD, surpassing expectations, showcasing the company's robust operational performance. Devon boasts a top-10 net profit margin among large-cap U...
Devon Energy: A Stable Player In The Volatile Oil And Gas Industry
A strong portfolio, operational efficiency, and rising oil prices support Devon Energy, making it a key player in the US onshore market. Despite production declines, DVN's EPS of $1.41 and revenue gro...
Devon Energy: A Strong Yield From A Rock Solid Company
Devon Energy (DVN) is one of our top choices in the energy sector due to its strong financials, operational efficiency, and attractive valuation. The company boasts robust margins, low leverage, and a...
Devon Energy: Disciplined Energy Play
Devon Energy remains a strong investment after a disciplined strategic acquisition of Grayson Mill Energy, enhancing production and free cash flow. The energy company has a strong balance sheet, ensur...
Why Energy Stocks Are The Ultimate Undervalued Dividend Play Right Now
U.S. oil production has surged since 2008, making the country a top energy producer. Political shifts could affect future output, but growth is likely to slow. Producers now prioritize profitability o...
Devon Energy Is An Impressive Portfolio Cornerstone
Devon Energy Corporation boasts a strong business model with a 5%+ dividend yield and a robust financial position, ensuring substantial shareholder returns. The company has paid out over $14 billion t...