Devon Energy Co. (NYSE:DVN – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $57.81.
A number of equities research analysts recently weighed in on DVN shares. Sanford C. Bernstein lowered their price target on Devon Energy from $48.00 to $43.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Truist Financial lowered their target price on Devon Energy from $67.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Susquehanna cut their price target on Devon Energy from $65.00 to $63.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Morgan Stanley increased their price objective on shares of Devon Energy from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of Devon Energy from $64.00 to $51.00 and set an “overweight” rating for the company in a research report on Thursday.
Get Our Latest Analysis on DVN
Hedge Funds Weigh In On Devon Energy
Devon Energy Trading Down 0.3 %
NYSE:DVN opened at $39.45 on Wednesday. Devon Energy has a 1 year low of $39.02 and a 1 year high of $55.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.11. The stock has a fifty day moving average price of $44.64 and a two-hundred day moving average price of $47.41. The stock has a market capitalization of $24.93 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 1.13 and a beta of 2.03.
Devon Energy (NYSE:DVN – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.26 by $0.15. Devon Energy had a net margin of 22.60% and a return on equity of 29.14%. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same quarter last year, the business earned $1.18 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Devon Energy will post 5.36 earnings per share for the current fiscal year.
Devon Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.22 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.88 dividend on an annualized basis and a yield of 2.23%. Devon Energy’s payout ratio is 16.79%.
Devon Energy Company Profile
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Featured Articles
- Five stocks we like better than Devon Energy
- Consumer Discretionary Stocks Explained
- Powering Your Portfolio: The Utility Sector’s Electrifying Surge
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Adobe Stock Builds Long-Term Value: Consider Buying on the Dip
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Albemarle Jumps as Lithium Stock Buying Frenzy Takes Off
Receive News & Ratings for Devon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devon Energy and related companies with MarketBeat.com's FREE daily email newsletter.