Devon Energy (DVN) Stock Price, News & Analysis

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DVN shares.
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17 Wall Street research analysts have issued 1 year price targets for Devon Energy's stock. Their DVN share price targets range from $48.00 to $67.00. On average, they predict the company's share price to reach $57.89 in the next year. This suggests a possible upside of 11.3% from the stock's current price.
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Devon Energy's stock was trading at $45.30 at the start of the year. Since then, DVN stock has increased by 14.8% and is now trading at $52.00.
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Devon Energy saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 15,350,000 shares, a decline of 7.3% from the March 15th total of 16,560,000 shares. Based on an average trading volume of 8,130,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.4% of the company's stock are sold short.
View Devon Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our DVN earnings forecast.

Devon Energy will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Devon Energy Co. (NYSE:DVN) announced its earnings results on Tuesday, February, 27th. The energy company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.02. The energy company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.88 billion. Devon Energy had a net margin of 24.56% and a trailing twelve-month return on equity of 31.72%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned $1.66 earnings per share.
Read the conference call transcript.

Devon Energy announced a quarterly dividend on Tuesday, February 27th. Investors of record on Friday, March 15th will be given a dividend of $0.44 per share on Thursday, March 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for DVN.

Devon Energy (NYSE:DVN) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.65%. The dividend payout ratio is 15.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DVN will have a dividend payout ratio of 15.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DVN.

ETFs with the largest weight of Devon Energy (NYSE:DVN) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco S&P 500 Equal Weight Energy ETF (RSPG), First Trust Nasdaq Oil & Gas ETF (FTXN), Alpha Dog ETF (RUFF), Pacer US Cash Cows Growth ETF (BUL) and BTD Capital Fund (DIP).

Devon Energy declared that its board has initiated a stock repurchase program on Monday, May 2nd 2022, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

221 employees have rated Devon Energy Chief Executive Officer John Richels on Glassdoor.com. John Richels has an approval rating of 34% among the company's employees. This puts John Richels in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Devon Energy investors own include Bank of America (BAC), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Pfizer (PFE), Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), AT&T (T) and General Electric (GE).

Devon Energy's stock is owned by many different retail and institutional investors. Top institutional investors include Wealth Enhancement Advisory Services LLC (0.22%), Fort Pitt Capital Group LLC (0.18%), Portman Square Capital LLP (0.00%), Nepsis Inc. (0.07%), Guinness Asset Management LTD (0.04%) and Global Assets Advisory LLC (0.03%). Insiders that own company stock include Ann G Fox, Clay M Gaspar, Dennis C Cameron, Jeffrey L Ritenour, Jeremy D Humphers, John E Bethancourt, Kelt Kindick, Richard E Muncrief and Tana K Cashion.
View institutional ownership trends.

Shares of DVN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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