Devon Energy Corporation (DVN)
| Market Cap | 27.32B |
| Revenue (ttm) | 14.75B |
| Net Income (ttm) | 3.51B |
| Shares Out | 658.26M |
| EPS (ttm) | 5.54 |
| PE Ratio | 7.49 |
| Forward PE | 8.35 |
| Dividend | $2.02 (4.87%) |
| Ex-Dividend Date | Sep 13, 2024 |
| Volume | 5,156,854 |
| Open | 41.84 |
| Previous Close | 42.61 |
| Day's Range | 41.03 - 41.96 |
| 52-Week Range | 37.77 - 55.09 |
| Beta | 2.06 |
| Analysts | Buy |
| Price Target | 53.79 (+29.6%) |
| 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 20 analysts, the average rating for DVN stock is "Buy." The 12-month stock price forecast is $53.79, which is an increase of 29.60% from the latest price.
News
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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...
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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...
Big oil companies defeat US consumer lawsuit over production, prices
Several oil companies including Exxon Mobil and Chevron on Monday defeated an appeal by consumers who accused them of colluding with former President Donald Trump's administration, Russia and Saudi Ar...
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Calls of the Day: TJX Companies, Palo Alto, Intuit, Diamondback Energy and Devon Energy
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Devon Energy: Undervalued Play For Opportunistic Investors - Maintain Buy
DVN's FQ2'24 results deliver a much improved hedging result, significantly aided by the still elevated crude oil and natural gas spot prices. This is on top of the higher production volumes and the ad...
Devon Energy: Oil And Gas Isn't Dead Money
Devon Energy Corporation investors suffered a recent bear market decline. Underlying energy market volatility has caused some anxiety for oil and gas investors. Devon's recent acquisition and upgraded...
Devon Energy: A Strong Q2, Positioned For Growth In 2025
Devon Energy has closely followed the price of WTI crude oil, with both trading sideways since 2022. Devon reported a strong set of Q2 results, including hiking guidance. The company is set to grow ea...
Devon Energy: 8 Years Of Positive FCF, Ready For Mideast Oil Shortages
Hedge energy inflation by investing in oil/gas producing assets away from the Middle East military conflict, such as Devon Energy in Texas. Devon has a strong track record of free cash flow generation...
8% Return Yield At Potential $80 - Why I Believe Devon Energy Is A Steal
Devon Energy's strong production in key basins and strategic acquisitions drive its growth, positioning it as a major player in the U.S. oil industry. The company's focus on shareholder returns, throu...
Devon Energy Corporation (DVN) Q2 2024 Earnings Call Transcript
Devon Energy Corporation (NYSE:DVN) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Rosy Zuklic - VP of IR Rick Muncrief - President and CEO Clay Gaspar - COO Jeff Ri...
Devon Energy Reports Second-Quarter 2024 Results and Declares Quarterly Dividend
OKLAHOMA CITY, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the second-quarter 2024. The company also declared its quarterly di...
Devon Energy Looks Interesting Heading Into Earnings
Devon Energy shares have dropped significantly since October 2022, but are trading at less than 10 times earnings with a 19.3% FCF yield. The acquisition of Grayson Mill assets is expected to boost DV...
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Devon Energy Publishes 2024 Sustainability Report
OKLAHOMA CITY, July 25, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN), a leading U.S. independent oil and natural gas producer, today announced the release of its 2024 Sustainability Report....