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Devon Energy (DVN)
NYSE:DVN
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DVN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$39.02 - $55.09
Previous Close$40.97
Volume12.85M
Average Volume (3M)6.60M
Market Cap
$25.66B
Enterprise Value$31.97B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$6.14B
Price to Earnings (P/E)7.4
Beta0.86
Next Earnings
Oct 29, 2024EPS Estimate
$1.2Last Dividend Ex-Date
Sep 13, 2024Dividend Yield5.08%
Share Statistics
EPS (TTM)5.52
Shares Outstanding626,200,000
10 Day Avg. Volume7,590,850
30 Day Avg. Volume6,602,672
Standard Deviation0.19
R-Squared0.31
Alpha0.00829
Financial Highlights & Ratios
Price to Book (P/B)2.04
Price to Sales (P/S)1.63
Price to Cash Flow (P/CF)4.10
P/FCF Ratio10.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.06
Enterprise Value/Gross Profit5.96
Enterprise Value/Ebitda4.23
Forecast
1Y Price Target
$55.88Price Target Upside36.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering19
Devon Energy News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceResults look solid, with beats across the board (EPS, EBITDA, CF and FCF), grounded in better operations – big production beat in the Permian.
Guidance And ProductivitySecond consecutive upward revision to FY24 guidance, driven by better productivity and field efficiencies.
Share Buybacks And DividendsCash returns remain strong, with the company returning about 75% of quarterly free cash flow and increasing the buyback authorization to $5 billion.
Bears Say
Acquisition ImpactDevon's acquisition of Grayson Mills falling short of the mark for improving long-term cash generation capacity.
Financial Performance3Q24 production guidance was better than expected but came at the expense of materially higher capex.
Operational ExecutionExecution will be key as DVN's last Bakken deal underperformed expectations.
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Ownership Overview
8.47% Insiders
25.70% Mutual Funds
39.31% Other Institutional Investors
26.51% 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 $39.02 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 Oct 29, 2024 which is in 38 days.
How were Devon Energy’s earnings last quarter?
Devon Energy released its earnings results on Aug 06, 2024. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.264 by $0.146.
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 $0.44 which represents an annual dividend yield of 5.08%. See more information on Devon Energy dividends here
What is Devon Energy’s EPS estimate?
Devon Energy’s EPS estimate is $1.2.
How many shares outstanding does Devon Energy have?
Devon Energy has 626,200,000 shares outstanding.
What happened to Devon Energy’s price movement after its last earnings report?
Devon Energy reported an EPS of $1.41 in its last earnings report, beating expectations of $1.264. Following the earnings report the stock price went up 2.842%.
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 157M.
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Devon Energy Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$55.88 (36.99% Upside)
$55.88 (36.99% Upside)
Blogger Sentiment
Bullish
DVN Sentiment 92%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 347.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 0.3%
Last 30 Days ▼ 0.7%
Last 30 Days ▼ 0.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-12.46%
12-Months-Change
Fundamentals
Return on Equity
29.71%
Trailing 12-Months
Asset Growth
7.74%
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
Q2 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
$55.88
▲(36.99% Upside)
Technical Analysis
Best Analysts Covering DVN
1 Year
1 Year Success Rate
17/30 ratings generated profit
1 Year Average Return
+79.09%
reiterated a buy rating 2 months ago
Copying Gabriele Sorbara's trades and holding each position for 1 Year would result in 56.67% of your transactions generating a profit, with an average return of +79.09% per trade.
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