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Devon Energy (DVN)
NYSE:DVN
Devon Energy (DVN) Stock Price & Analysis
5,806 Followers
DVN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$40.47 - $55.09
Previous Close$46.28
Volume4.33M
Average Volume (3M)6.34M
Market Cap
$29.04B
Enterprise Value$35.37B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$6.15B
Price to Earnings (P/E)8.8
Beta0.87
Next Earnings
Aug 06, 2024EPS Estimate
$1.26Last Dividend Ex-Date
Jun 14, 2024Dividend Yield4.5%
Share Statistics
EPS (TTM)5.25
Shares Outstanding632,000,000
10 Day Avg. Volume6,528,993
30 Day Avg. Volume6,336,829
Standard Deviation0.19
R-Squared0.32
Alpha0.00771
Financial Highlights & Ratios
Price to Book (P/B)2.56
Price to Sales (P/S)6.99
Price to Cash Flow (P/CF)4.20
P/FCF Ratio8.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.35
Enterprise Value/Gross Profit6.59
Enterprise Value/Ebitda4.89
Forecast
1Y Price Target
$58.94Price Target Upside27.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering21
Devon Energy News
PremiumStock Analysis & Ideas
Looking for Bargains? Bank of America Suggests 3 Value Stocks to Consider
PremiumCompany Announcements
Devon Energy Highlights Sustainability Progress
PremiumPress Releases
Devon Energy Publishes 2024 Sustainability Report
Bulls Say, Bears Say
Bulls Say
AcquisitionDevon's acquisition of Grayson Mill is set to add around 100,000 barrels of oil equivalent per day to its production, significantly boosting its capacity.
Financial PerformanceDevon is expected to achieve approximately $50 million in annual savings from operating efficiencies and marketing synergies through the Grayson Mill acquisition.
Stock ValuationDevon stock is currently offering about 27% upside according to analysts' revised price target, making it an attractive investment opportunity.
Bears Say
Acquisition PerformanceDevon's acquisition of Grayson Mills falling short of the mark for improving long-term cash generation capacity.
Asset PerformanceHistorical well productivity trends indicate that Devon's legacy Williston basin assets have outperformed the acquired assets.
Operational IssuesDevon barely met full year oil guidance due to a third party gas plant outage in the Permian, and weaker than expected performance on two recent acquisitions.
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Ownership Overview
8.45% Insiders
25.47% Mutual Funds
28.47% Other Institutional Investors
37.61% 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 $40.47 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 Aug 06, 2024 which is in 10 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 4.5%. See more information on Devon Energy dividends here
What is Devon Energy’s EPS estimate?
Devon Energy’s EPS estimate is $1.26.
How many shares outstanding does Devon Energy have?
Devon Energy has 627,571,660 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 -0.12%.
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
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$58.94 (27.19% Upside)
$58.94 (27.19% Upside)
Blogger Sentiment
Bullish
DVN Sentiment 92%
Sector Average 73%
Sector Average 73%
Hedge Fund Trend
Increased
By 201.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.7%
Last 30 Days ▲ 2.8%
Last 30 Days ▲ 2.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-9.40%
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
$58.94
▲(27.19% Upside)
Technical Analysis
Best Analysts Covering DVN
1 Year
1 Year Success Rate
21/29 ratings generated profit
1 Year Average Return
+84.48%
reiterated a buy rating 19 days ago
Copying Gabriele Sorbara's trades and holding each position for 1 Year would result in 72.41% of your transactions generating a profit, with an average return of +84.48% per trade.
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