Devon Energy Corporation (DVN)

NYSE: DVN · IEX Real-Time Price · USD
47.09
+0.50 (1.07%)
Sep 25, 2023, 10:22 AM EDT - Market open
1.07%
Market Cap 30.20B
Revenue (ttm) 17.01B
Net Income (ttm) 4.78B
Shares Out 640.70M
EPS (ttm) 7.32
PE Ratio 6.37
Forward PE 7.69
Dividend $1.95 (4.14%)
Ex-Dividend Date Sep 14, 2023
Volume 1,202,847
Open 46.57
Previous Close 46.59
Day's Range 46.50 - 47.18
52-Week Range 44.03 - 78.82
Beta 2.36
Analysts Buy
Price Target 66.06 (+40.29%)
Earnings Date Nov 7, 2023

About DVN

Devon Energy Corporation, an independent energy company, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Anadarko, Williston, Eagle Ford, and Powder River Basin. The company was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma. [Read more]

Industry Oil & Gas E&P
Sector Energy
Founded 1971
Employees 1,800
Stock Exchange NYSE
Ticker Symbol DVN
Full Company Profile

Financial Performance

In 2022, Devon Energy's revenue was $19.17 billion, an increase of 57.05% compared to the previous year's $12.21 billion. Earnings were $6.02 billion, an increase of 113.83%.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for DVN stock is "Buy." The 12-month stock price forecast is $66.06, which is an increase of 40.29% from the latest price.

Price Target
$66.06
(40.29% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

3 days ago - GlobeNewsWire

Top 3 dividend stocks to add to your portfolio in September

Dividend stocks are typically added to a portfolio during recessions because even if the stock price drops, you could offset the losses by getting paid each quarter. Depending on the yield, you could ...

Other symbols: REFIT
17 days ago - Finbold

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...

6 weeks ago - PRNewsWire

10 Best Natural Gas Stocks to Buy Now

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Other symbols: CTRAAPAARCHKEQTLNGRRC
7 weeks ago - MarketBeat

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...

7 weeks 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
2 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 ...

3 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...

3 months ago - GlobeNewsWire

How To Earn $500 Monthly From Devon Energy Stock - Devon Energy (NYSE:DVN)

Shares of Devon Energy Corp DVN saw an uptick Tuesday, boosted by Goldman Sachs Group‘s upgrade from Neutral to Buy; here's what investors need to know.

3 months ago - Benzinga

These 3 Energy Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: NATOKE
3 months ago - Benzinga

New Mexico's oil output gains top Texas in 2022, delivering half of US growth

New Mexico's crude oil production grew more last year than any other U.S. state, including top producer Texas, and accounted for half the nation's overall gain, signaling its importance in expanding U...

Other symbols: COPCVXOXY
4 months ago - Reuters

Final Trades: Berkshire, Devon Energy & CRISPR Therapeutics

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: CRSP
4 months ago - CNBC Television

Can Devon Energy's Double-Digit Yields Be Sustained?

Devon Energy NYSE: DVN reported its first quarter 2023 earnings results on Monday; markets did not seem entertained enough as DVN shares only rose to close the trading session up 1.27%. Nevertheless, ...

4 months ago - MarketBeat

Devon Energy Reports First-Quarter 2023 Results; Declares Quarterly Dividend and Expands Stock-Repurchase Program by 50 Percent to $3 Billion

OKLAHOMA CITY, May 08, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first-quarter 2023. The company also declared its quarterly divi...

4 months ago - GlobeNewsWire

Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 6% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: NATOKE
5 months ago - Benzinga

Three S&P Energy Names with High Dividend Yields

Among large-cap energy names, Pioneer Natural Resources Co. (NYSE: PXD), Devon Energy Corp. (NYSE: DVN) and Kinder Morgan Inc. (NYSE: KMI) pay some of the highest dividend yields among their sector pe...

Other symbols: KMIPXD
5 months ago - MarketBeat

Fervo Energy Announces Investment From US Oil and Gas Leader Devon Energy

HOUSTON & OKLAHOMA CITY--(BUSINESS WIRE)--Fervo Energy (“Fervo”), the next-generation leader in geothermal technology, today announced a $10 million strategic investment from Devon Energy Corporation ...

5 months ago - Business Wire

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

OKLAHOMA CITY, April 11, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2023 results on Monday, May 8, after the close of U.S. financial markets. ...

5 months ago - GlobeNewsWire

There's money still to be made in the energy sector, says Gilman's Jenny Harrington

Jenny Harrington, Gilman Hill Asset Management CEO, joins 'Closing Bell' to discuss Exxon's potential plan to acquire Pioneer.

Other symbols: EOGFANGOIHOKEOXYPXDSLB
5 months ago - CNBC Television

5 Energy Stocks Leon Cooperman's Firm Drilled Into

According to current portfolio statistics, a Premium feature of GuruFocus, energy stocks in Leon Cooperman (Trades, Portfolio)'s fourth-quarter 2022 13F equity portfolio included Devon Energy Corp. ( ...

Other symbols: CTRAEPDETPXD
6 months ago - GuruFocus

5 Energy Stocks Leon Cooperman's Firm Drilled Positions In

According to current portfolio statistics, a Premium feature of GuruFocus, energy stocks in Leon Cooperman (Trades, Portfolio)'s fourth-quarter 2022 13F equity portfolio included Devon Energy Corp. ( ...

Other symbols: CTRAEPDETPXD
6 months ago - GuruFocus

Billionaire Leon Cooperman Is Betting On These Oil Stocks: 'I Don't See How You Go Wrong' - Devon Energy (NYSE:DVN)

Omega Advisors chairman and CEO Leon Cooperman believes we are in the midst of a stock picker's market, and he's placing his bets on oil.

6 months ago - Benzinga

3 More Downgrades To Put On Your Buy List

Marketbeat's stock screening tools are a great place to find interesting stock plays, including the screen for Most Downgrades Stocks. Stocks with downgrades can signal many things, and one of them is...

Other symbols: HDZS
6 months ago - MarketBeat

2 Insiders Buy Shares at Devon Energy

The CEO of Devon Energy ( DVN , Financial), Richard Muncrief, made two purchases of his own company's stock in February.

6 months ago - GuruFocus

We're continuing to see crude demand grow, says Devon Energy CEO

Rick Muncrief, president and CEO of Devon Energy, joins 'Squawk on the Street' to offer his thoughts on how the energy sector has shifted one year since the Russian invasion of Ukraine.

7 months ago - CNBC Television