Devon Energy Corporation (DVN)
| Market Cap | 30.19B |
| Revenue (ttm) | 15.03B |
| Net Income (ttm) | 3.35B |
| Shares Out | 632.00M |
| EPS (ttm) | 5.24 |
| PE Ratio | 9.12 |
| Forward PE | 8.70 |
| Dividend | $2.05 (4.29%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 4,042,583 |
| Open | 48.15 |
| Previous Close | 47.73 |
| Day's Range | 47.55 - 48.41 |
| 52-Week Range | 40.47 - 55.09 |
| Beta | 2.12 |
| Analysts | Buy |
| Price Target | 60.60 (+26.86%) |
| Earnings Date | Aug 6, 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 $15.26 billion, a decrease of -20.40% compared to the previous year's $19.17 billion. Earnings were $3.75 billion, a decrease of -37.71%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for DVN stock is "Buy." The 12-month stock price forecast is $60.6, which is an increase of 26.86% from the latest price.
News
Devon Energy Schedules Second-Quarter 2024 Earnings Release and Conference Call
OKLAHOMA CITY, June 25, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report second-quarter 2024 results on Tuesday, Aug. 6, after the close of U.S. financial markets...
Final Trades: Goldman Sachs, Devon Energy, Apollo Global and the INDY
The Investment Committee discuss their top stocks to watch for the second half.
Focus: How Devon Energy missed out on the US oil and gas mega-deal wave
U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar ...
Devon Energy Appoints John Bethancourt as Chair of Its Board of Directors
OKLAHOMA CITY, June 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that the company's board of directors has appointed John Bethancourt as independent chair of the board, ...
Devon Energy beats Q1 profit estimate
U.S. shale producer Devon Energy beat first-quarter profit estimates on Wednesday as higher production helped it offset a decline in natural gas prices.
Devon Energy Reports First-Quarter 2024 Results and Declares Quarterly Dividend
OKLAHOMA CITY, May 01, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first-quarter 2024. The company also declared its quarterly divi...
Bearish on NVDA & Bullish on WSO, DVN
Nvidia (NVDA), Watsco (WSO), and Devon Energy (DVN) are today's big three stocks. Dan Deming and Ben Lichtenstein discuss how to trade, as well as the technical trends of these names.
Constructive on Canadian oil complex as oil demand peak hits next decade, says Goldman's Mehta
Neil Mehta, Goldman Sachs managing director, joins 'Money Movers' to discuss his thoughts on the oil sector, the major oil companies, and more.
Devon Energy Schedules First-Quarter 2024 Earnings Release and Conference Call
OKLAHOMA CITY, March 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2024 results on Wednesday, May 1, after the close of U.S. financial market...
Devon Energy quarterly profit drops on lower oil and gas prices
U.S. shale producer Devon Energy reported a fall in fourth-quarter profit on Tuesday, hurt by lower oil and gas prices.
Devon Energy Reports Fourth-Quarter and Full-Year 2023 Results; Declares Quarterly Dividend and Raises Fixed Dividend by 10 Percent in 2024
OKLAHOMA CITY, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth-quarter and full-year 2023. The company also declared it...
Some regional electric grids 'in trouble' over the next few years, says Skylar's Bill Perkins
Bill Perkins, Skylar Capital Management CEO, joins 'Closing Bell Overtime' to talk the price of natural gas, the impact of weather, investing in energy and more.
Devon Energy is reportedly interested in buying Enerplus
Devon Energy Corp is reportedly interested in buying Enerplus Corp. Shares of the latter are up nearly 10% at writing. How much is Devon willing to spend on Enerplus remains unknown.
Exclusive: Shale producer Devon Energy in bid to acquire Enerplus -sources
U.S. oil and gas producer Devon Energy has approached Enerplus , a peer with a market value of C$3.9 billion ($2.9 billion), with an acquisition offer, people familiar with the matter said on Thursday...
Devon Energy Announces Chief Accounting Officer Retirement and Officer Appointment
OKLAHOMA CITY, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced that Jeremy Humphers, Senior Vice President and Chief Accounting Officer, is retiring from the company. ...
Devon Energy Schedules Fourth-Quarter and Full-Year 2023 Earnings Release and Conference Call
OKLAHOMA CITY, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report fourth-quarter and full-year 2023 results on Tuesday, Feb. 27, after the close of U.S. fi...
Top Wall Street analysts favor these 3 dividend stocks for the long haul
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including CVS Health and Devon Energy.
Stock Picks For 2024
Investors seeking out the best stocks picks for 2024 may want to focus on these four areas of the market.
Devon Energy Reports Third-Quarter 2023 Results, Declares Quarterly Dividend and Provides Preliminary 2024 Outlook
OKLAHOMA CITY, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the third-quarter 2023. The company also declared its quarterly div...
Oil and solar stocks: Energy sector breakdown amid geopolitical conflict, energy transition
Oil (BZ=F, CL=F) rose this week on escalations in the Middle East. Solar stocks, on the other hand, saw a their shares prices decline despite the green energy push, with some companies saying they exp...
LITHOS' WHOLLY OWNED SUBSIDIARY RIS ANNOUNCES 2022 FISCAL YEAR END REVENUE OF C$1.187 MILLION WITH GROSS INCOME OF C$268,823 AND NET PROFIT OF C$91,896
VANCOUVER, BC , Oct. 19, 2023 /PRNewswire/ - LiTHOS Energy Ltd. (the "Company" or "LiTHOS") (CSE: LITS) (OTCQB: LITSF) is pleased to announce that the Company's wholly owned subsidiary Reservoir Imagi...
Devon Energy stock: a good speculative buy after PXD buyout
The biggest energy news of 2023 was the recent decision by ExxonMobil to buy Pioneer Natural Resources (PXD) in a $60 billion deal. This buyout could trigger additional M&A activity in the energy sect...
Bill Smead Says Restricting Oil Supply Will Only Drive Prices Up
In an interview on Friday, Bill Smead, the chief investment officer of Smead Capital, spoke with CNBC's “The Exchange” about Exxon Mobil Corp.'s (XOM, Financial) potential $60 billion takeover of Pion...
These oil stocks are looking cheap as Exxon Mobil reportedly mulls a bid for Pioneer
Pioneer Natural Resources is in play, with the Wall Street Journal reporting that Exxon Mobil is close to making a bid to buy out its smaller competitor. So that raises the question: which other oil c...