Devon Energy Corporation (DVN)
| Market Cap | 20.21B |
| Revenue (ttm) | 14.53B |
| Net Income (ttm) | 3.40B |
| Shares Out | 656.90M |
| EPS (ttm) | 5.41 |
| PE Ratio | 5.69 |
| Forward PE | 7.13 |
| Dividend | $1.45 (4.71%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 13,627,132 |
| Open | 30.45 |
| Previous Close | 30.52 |
| Day's Range | 30.39 - 31.13 |
| 52-Week Range | 30.39 - 55.09 |
| Beta | 2.02 |
| Analysts | Buy |
| Price Target | 50.72 (+64.84%) |
| 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 $50.72, which is an increase of 64.84% from the latest price.
News
Devon: Missing Bullish Support - Unloved Status Triggers Rich Upside Potential
The suspension of DVN's variable dividends is only temporary in our view, pending a healthier balance sheet, as the management leans "in heavier on its share repurchase program" at these discounted st...
Why The Market May Get Turned Upside Down In 2025
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Devon Energy Is A Compelling Energy Buy For 2025
Devon Energy is a top choice for energy sector allocation, with strong value metrics and a significant production boost from the Grayson Mill acquisition. The company's stock has dropped over 50% from...
Big Dividends And Buybacks: Permian Resources Or Devon Energy?
The recent pullback in energy stocks presents several attractive buying opportunities for dividend investors. I compare two particularly attractive opportunities in DVN and PR. I share which of these ...
Buy The Dip With Devon Energy
Devon Energy boasts a premium asset portfolio across five basins, with a strong focus on the Delaware Basin, driving efficient production and capital savings. Despite oil price volatility, Devon Energ...
Devon Energy CEO Rick Muncrief to retire, insider Gaspar to take helm
Devon Energy said on Monday that CEO Rick Muncrief, a U.S. shale industry veteran, will step down effective March 1, and will hand over the reins to Chief Operating Officer Clay Gaspar.
Devon Energy President and CEO, Rick Muncrief, to Retire March 1, 2025; Clay Gaspar, Devon Chief Operating Officer, to Succeed Muncrief
OKLAHOMA CITY, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Rick Muncrief, 66, has announced his retirement from the position of President and Chief Executive Officer and member of the Board of Directors of Devo...
Devon Energy: 'When Will I Be Loved?'
Devon Energy Corporation is trading at low multiples and growing its production. Shale companies are oversold in the current market and are primed for a rebound when a catalyst emerges. Investors look...
Drilling Deep, Cashing Big - Devon Energy's Significant Upside Potential
Devon Energy is undervalued, trading at just 3.5x operating cash flow, with a fair value estimate of $82 per share, offering significant upside potential. Despite recent underperformance, DVN's fundam...
Committee Moves: Devon Energy, Transdigm and Reddit
The Investment Committee discuss their latest portfolio moves. Bryn Talkington sells Devon Energy, Steve Weiss sells Transdigm, and Josh Brown talks about the new street high target for Reddit.
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...
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