Devon Energy Corporation (DVN)

NYSE: DVN · IEX Real-Time Price · USD
45.30
-0.46 (-1.01%)
Dec 29, 2023, 4:00 PM EST - Market closed
-1.01%
Market Cap 29.02B
Revenue (ttm) 15.41B
Net Income (ttm) 3.80B
Shares Out 640.70M
EPS (ttm) 5.86
PE Ratio 7.73
Forward PE 7.10
Dividend $0.80 (1.77%)
Ex-Dividend Date Dec 14, 2023
Volume 7,919,880
Open 45.88
Previous Close 45.76
Day's Range 45.04 - 45.98
52-Week Range 42.59 - 66.96
Beta 2.23
Analysts Buy
Price Target 59.47 (+31.28%)
Earnings Date Feb 13, 2024

About DVN

Devon Energy Corporation, an independent energy company, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Anadarko, Williston, Eagle Ford, and Powder River Basin. The company was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma. [Read more]

Industry Oil & Gas E&P
Sector Energy
Founded 1971
Employees 1,800
Stock Exchange NYSE
Ticker Symbol DVN
Full Company Profile

Financial Performance

In 2022, Devon Energy's revenue was $19.17 billion, an increase of 57.05% compared to the previous year's $12.21 billion. Earnings were $6.02 billion, an increase of 113.83%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for DVN stock is "Buy." The 12-month stock price forecast is $59.47, which is an increase of 31.28% from the latest price.

Price Target
$59.47
(31.28% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Here are the 20 worst-performing stocks among the S&P 500 in 2023

The U.S. stock market staged a remarkable rally in 2023, but 173 stocks in the S&P 500 were still down for the year.

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2 days ago - Market Watch

Top Wall Street analysts favor these 3 dividend stocks for the long haul

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including CVS Health and Devon Energy.

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14 days ago - CNBC

Stock Picks For 2024

Investors seeking out the best stocks picks for 2024 may want to focus on these four areas of the market.

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4 weeks ago - Kiplinger

Devon Energy Reports Third-Quarter 2023 Results, Declares Quarterly Dividend and Provides Preliminary 2024 Outlook

OKLAHOMA CITY, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the third-quarter 2023. The company also declared its quarterly div...

7 weeks ago - GlobeNewsWire

Oil and solar stocks: Energy sector breakdown amid geopolitical conflict, energy transition

Oil (BZ=F, CL=F) rose this week on escalations in the Middle East. Solar stocks, on the other hand, saw a their shares prices decline despite the green energy push, with some companies saying they exp...

2 months ago - Yahoo Finance

LITHOS' WHOLLY OWNED SUBSIDIARY RIS ANNOUNCES 2022 FISCAL YEAR END REVENUE OF C$1.187 MILLION WITH GROSS INCOME OF C$268,823 AND NET PROFIT OF C$91,896

VANCOUVER, BC , Oct. 19, 2023 /PRNewswire/ - LiTHOS Energy Ltd. (the "Company" or "LiTHOS") (CSE: LITS) (OTCQB: LITSF) is pleased to announce that the Company's wholly owned subsidiary Reservoir Imagi...

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2 months ago - PRNewsWire

Devon Energy stock: a good speculative buy after PXD buyout

The biggest energy news of 2023 was the recent decision by ExxonMobil to buy Pioneer Natural Resources (PXD) in a $60 billion deal. This buyout could trigger additional M&A activity in the energy sect...

2 months ago - Invezz

Bill Smead Says Restricting Oil Supply Will Only Drive Prices Up

In an interview on Friday, Bill Smead, the chief investment officer of Smead Capital, spoke with CNBC's “The Exchange” about Exxon Mobil Corp.'s (XOM, Financial) potential $60 billion takeover of Pion...

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2 months ago - GuruFocus

These oil stocks are looking cheap as Exxon Mobil reportedly mulls a bid for Pioneer

Pioneer Natural Resources is in play, with the Wall Street Journal reporting that Exxon Mobil is close to making a bid to buy out its smaller competitor. So that raises the question: which other oil c...

Other symbols: XOMCIVIPUMPPXDVTLEXLE
3 months ago - Market Watch

Devon Energy Schedules Third-Quarter 2023 Earnings Release and Conference Call

OKLAHOMA CITY, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report third-quarter 2023 results on Tuesday, Nov. 7, after the close of U.S. financial markets...

3 months ago - GlobeNewsWire

WaterBridge NDB and Devon Energy Form Strategic Delaware Basin Produced Water Partnership

HOUSTON , Aug. 7, 2023 /PRNewswire/ -- WaterBridge NDB LLC (together with its subsidiaries, "WaterBridge NDB"), a portfolio company of Five Point Energy LLC ("Five Point"), announced today the formati...

5 months ago - PRNewsWire

10 Best Natural Gas Stocks to Buy Now

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

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5 months ago - MarketBeat

Devon Energy Reports Second-Quarter 2023 Results and Declares Quarterly Dividend

OKLAHOMA CITY, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the second-quarter 2023. The company also declared its quarterly di...

5 months ago - GlobeNewsWire

Record heat: Stocks winners and losers

As Americans desperately seek to cool off, some stocks are rising with the temperature.

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5 months ago - CNN Business

Devon Energy Publishes 2023 Sustainability Report and Climate Change Assessment Report

OKLAHOMA CITY, June 29, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN), a leading U.S. independent oil and natural gas producer, today announced the release of its 2023 Sustainability Report ...

6 months ago - GlobeNewsWire

Devon Energy Schedules Second-Quarter 2023 Earnings Release and Conference Call

OKLAHOMA CITY, June 28, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report second-quarter 2023 results on Tuesday, Aug. 1, after the close of U.S. financial markets...

6 months ago - GlobeNewsWire

How To Earn $500 Monthly From Devon Energy Stock - Devon Energy (NYSE:DVN)

Shares of Devon Energy Corp DVN saw an uptick Tuesday, boosted by Goldman Sachs Group‘s upgrade from Neutral to Buy; here's what investors need to know.

7 months ago - Benzinga

These 3 Energy Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

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7 months ago - Benzinga

New Mexico's oil output gains top Texas in 2022, delivering half of US growth

New Mexico's crude oil production grew more last year than any other U.S. state, including top producer Texas, and accounted for half the nation's overall gain, signaling its importance in expanding U...

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8 months ago - Reuters

Final Trades: Berkshire, Devon Energy & CRISPR Therapeutics

The "Halftime Report" traders give their top picks to watch for the second half.

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8 months ago - CNBC Television

Can Devon Energy's Double-Digit Yields Be Sustained?

Devon Energy NYSE: DVN reported its first quarter 2023 earnings results on Monday; markets did not seem entertained enough as DVN shares only rose to close the trading session up 1.27%. Nevertheless, ...

8 months ago - MarketBeat

Devon Energy Reports First-Quarter 2023 Results; Declares Quarterly Dividend and Expands Stock-Repurchase Program by 50 Percent to $3 Billion

OKLAHOMA CITY, May 08, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first-quarter 2023. The company also declared its quarterly divi...

8 months ago - GlobeNewsWire

Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 6% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: NATOKE
8 months ago - Benzinga

Three S&P Energy Names with High Dividend Yields

Among large-cap energy names, Pioneer Natural Resources Co. (NYSE: PXD), Devon Energy Corp. (NYSE: DVN) and Kinder Morgan Inc. (NYSE: KMI) pay some of the highest dividend yields among their sector pe...

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9 months ago - MarketBeat

Fervo Energy Announces Investment From US Oil and Gas Leader Devon Energy

HOUSTON & OKLAHOMA CITY--(BUSINESS WIRE)--Fervo Energy (“Fervo”), the next-generation leader in geothermal technology, today announced a $10 million strategic investment from Devon Energy Corporation ...

9 months ago - Business Wire