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Devon Energy (DVN)
NYSE:DVN
Devon Energy (DVN) Stock Price & Analysis
5,569 Followers
DVN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$40.09 - $55.09
Previous Close$49.62
Volume4.69M
Average Volume (3M)7.32M
Market Cap
$31.36B
Enterprise Value$37.67B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$6.16B
Price to Earnings (P/E)9.5
Beta0.93
Next Earnings
Jul 30, 2024EPS Estimate
$1.33Next Dividend Ex-Date
Jun 14, 2024Dividend Yield4.88%
Share Statistics
EPS (TTM)5.25
Shares Outstanding632,000,000
10 Day Avg. Volume5,246,745
30 Day Avg. Volume7,324,296
Standard Deviation0.20
R-Squared0.35
Alpha0.00799
Financial Highlights & Ratios
Price to Book (P/B)2.75
Price to Sales (P/S)2.06
Price to Cash Flow (P/CF)4.50
P/FCF Ratio4.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.67
Enterprise Value/Gross Profit3.47
Enterprise Value/Ebitda5.08
Forecast
1Y Price Target
$58.83Price Target Upside18.56% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
Devon Energy News
Bulls Say, Bears Say
Bulls Say
Earnings And Financial PerformanceDVN delivered a 'beat and raise' quarter, exceeding expectations which could indicate a strong financial trajectory.
Operational EfficiencyEnhanced well productivity and efficiency gains leading to raised production outlook could reflect operational excellence and drive investor interest.
Shareholder ReturnsThe company's commitment to returning a substantial portion of its adjusted free cash flow to shareholders signals confidence in its financial stability and shareholder value focus.
Bears Say
Acquisition ConcernsIf the premium paid for a new acquisition is above the industry average, investor reaction might be negative.
Financial PerformanceDVN's first quarter guidance was impacted by weather conditions, potentially affecting short-term performance.
Operational EfficiencyThe flow-through of operational enhancements to DVN’s overall bottom-line and free cash flow conversion may not be immediate or straightforward.
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Ownership Overview
8.39% Insiders
24.55% Mutual Funds
38.33% Other Institutional Investors
28.74% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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DVN FAQ
What was Devon Energy’s price range in the past 12 months?
Devon Energy lowest stock price was $40.09 and its highest was $55.09 in the past 12 months.
What is Devon Energy’s market cap?
Currently, no data Available
When is Devon Energy’s upcoming earnings report date?
Devon Energy’s upcoming earnings report date is Jul 30, 2024 which is in 72 days.
How were Devon Energy’s earnings last quarter?
Devon Energy released its earnings results on May 01, 2024. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.117 by $0.043.
Is Devon Energy overvalued?
According to Wall Street analysts Devon Energy’s price is currently Undervalued.
Does Devon Energy pay dividends?
Devon Energy pays a Quarterly dividend of $0.35 which represents an annual dividend yield of 4.88%. See more information on Devon Energy dividends here
What is Devon Energy’s EPS estimate?
Devon Energy’s EPS estimate is $1.33.
How many shares outstanding does Devon Energy have?
Devon Energy has 632,000,000 shares outstanding.
What happened to Devon Energy’s price movement after its last earnings report?
Devon Energy reported an EPS of $1.16 in its last earnings report, beating expectations of $1.117. Following the earnings report the stock price went down -0.119%.
Which hedge fund is a major shareholder of Devon Energy?
Among the largest hedge funds holding Devon Energy’s share is Yacktman Asset Management LP. It holds Devon Energy’s shares valued at 167M.
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Devon Energy Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$58.83 (18.56% Upside)
$58.83 (18.56% Upside)
Blogger Sentiment
Bullish
DVN Sentiment 86%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 224.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $354.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 4.5%
Last 30 Days ▼ 4.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
9.44%
12-Months-Change
Fundamentals
Return on Equity
28.91%
Trailing 12-Months
Asset Growth
6.65%
Trailing 12-Months
Company Description
Devon Energy
Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It operates through the following geographical segments: U.S., Canada, and EnLink. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Baarnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.
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DVN Company Deck
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DVN Earnings Call
Q1 2024
0:00 / 0:00
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DVN Revenue Breakdown
71.27% Oil, gas and NGL sales
28.73% Marketing and midstream revenues
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DVN Stock 12 Month Forecast
Average Price Target
$58.83
▲(18.56% Upside)
Technical Analysis
Best Analysts Covering DVN
1 Year
1 Year Success Rate
16/20 ratings generated profit
1 Year Average Return
+34.97%
reiterated a buy rating 6 days ago
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