Devon Energy Corporation (DVN)

NYSE: DVN · IEX Real-Time Price · USD
52.37
+0.27 (0.51%)
Apr 25, 2024, 2:45 PM EDT - Market open
0.51%
Market Cap 33.22B
Revenue (ttm) 15.26B
Net Income (ttm) 3.75B
Shares Out 635.00M
EPS (ttm) 5.84
PE Ratio 8.96
Forward PE 10.84
Dividend $2.42 (4.63%)
Ex-Dividend Date Mar 14, 2024
Volume 4,228,762
Open 52.04
Previous Close 52.10
Day's Range 51.43 - 52.39
52-Week Range 40.47 - 55.09
Beta 2.22
Analysts Buy
Price Target 59.63 (+13.96%)
Earnings Date May 1, 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]

Sector Energy
Founded 1971
Employees 1,900
Stock Exchange NYSE
Ticker Symbol DVN
Full Company Profile

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 Statements

Analyst Forecast

According to 17 analysts, the average rating for DVN stock is "Buy." The 12-month stock price forecast is $59.63, which is an increase of 13.96% from the latest price.

Price Target
$59.63
(13.96% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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.

Other symbols: NVDAWSO
16 days ago - Schwab Network

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.

Other symbols: CNQCOPKOSMGY
24 days ago - CNBC Television

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...

4 weeks ago - GlobeNewsWire

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.

2 months ago - Reuters

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...

2 months ago - GlobeNewsWire

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.

Other symbols: CHKCQPEQT
2 months ago - CNBC Television

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.

Other symbols: ERF
2 months ago - Invezz

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...

Other symbols: ERF
2 months ago - Reuters

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. ...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

Here are the 20 worst-performing stocks among the S&P 500 in 2023

The U.S. stock market staged a remarkable rally in 2023, but 173 stocks in the S&P 500 were still down for the year.

Other symbols: AESALBBMYCAGDGELENPH
4 months ago - Market Watch

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.

Other symbols: CVSOMF
4 months ago - CNBC

Stock Picks For 2024

Investors seeking out the best stocks picks for 2024 may want to focus on these four areas of the market.

Other symbols: EWJHMCTMXOM
5 months ago - Kiplinger

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...

6 months ago - GlobeNewsWire

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...

6 months ago - Yahoo Finance

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...

Other symbols: EOGHALHESLITSFOXYSMXOM
6 months ago - PRNewsWire

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...

7 months ago - Invezz

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...

Other symbols: APACOPOVVOXYPXDXOM
7 months ago - GuruFocus

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...

Other symbols: XOMCIVIPUMPPXDVTLEXLE
7 months ago - Market Watch

Devon Energy Schedules Third-Quarter 2023 Earnings Release and Conference Call

OKLAHOMA CITY, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report third-quarter 2023 results on Tuesday, Nov. 7, after the close of U.S. financial markets...

7 months ago - GlobeNewsWire

WaterBridge NDB and Devon Energy Form Strategic Delaware Basin Produced Water Partnership

HOUSTON , Aug. 7, 2023 /PRNewswire/ -- WaterBridge NDB LLC (together with its subsidiaries, "WaterBridge NDB"), a portfolio company of Five Point Energy LLC ("Five Point"), announced today the formati...

9 months ago - PRNewsWire

Devon Energy Reports Second-Quarter 2023 Results and Declares Quarterly Dividend

OKLAHOMA CITY, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the second-quarter 2023. The company also declared its quarterly di...

9 months ago - GlobeNewsWire

Record heat: Stocks winners and losers

As Americans desperately seek to cool off, some stocks are rising with the temperature.

Other symbols: AAONCARRCTRALNGTAPWHR
10 months ago - CNN Business

Devon Energy Publishes 2023 Sustainability Report and Climate Change Assessment Report

OKLAHOMA CITY, June 29, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN), a leading U.S. independent oil and natural gas producer, today announced the release of its 2023 Sustainability Report ...

10 months ago - GlobeNewsWire

Devon Energy Schedules Second-Quarter 2023 Earnings Release and Conference Call

OKLAHOMA CITY, June 28, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report second-quarter 2023 results on Tuesday, Aug. 1, after the close of U.S. financial markets...

10 months ago - GlobeNewsWire