Devon Energy (DVN) Set to Announce Earnings on Monday

Devon Energy (NYSE:DVN) is scheduled to be releasing its earnings data after the market closes on Monday, February 12th. Analysts expect Devon Energy to post earnings of $0.56 per share for the quarter.

Shares of Devon Energy (NYSE DVN) opened at $34.68 on Friday. The company has a market cap of $18,220.00, a P/E ratio of 11.80, a PEG ratio of 1.69 and a beta of 2.10. Devon Energy has a 52-week low of $28.79 and a 52-week high of $47.25. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, March 14th. Devon Energy’s dividend payout ratio (DPR) is 8.16%.

In other Devon Energy news, EVP Lyndon C. Taylor sold 12,798 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.29, for a total transaction of $490,035.42. Following the transaction, the executive vice president now directly owns 67,900 shares in the company, valued at approximately $2,599,891. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.51% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the stock. Jefferies Group set a $46.00 price target on shares of Devon Energy and gave the company a “buy” rating in a research report on Wednesday, December 20th. Capital One Financial downgraded shares of Devon Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 10th. Citigroup reissued a “buy” rating and issued a $44.00 price target on shares of Devon Energy in a research report on Tuesday, November 28th. Seaport Global Securities raised shares of Devon Energy from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, KLR Group downgraded shares of Devon Energy from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $47.72.

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Devon Energy Company Profile

Devon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company’s segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs).

Earnings History for Devon Energy (NYSE:DVN)

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