Devon Energy Corp. (DVN) to Release Earnings on Wednesday
Devon Energy Corp. (NYSE:DVN) is scheduled to be announcing its earnings results on Wednesday, November 6th. Investors that wish to listen to the company’s conference call can do so using this link.
Devon Energy Corp. (NYSE:DVN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.95 by $0.26. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. On average, analysts expect Devon Energy Corp. to post $4.25 EPS for the current fiscal year and $5.55 EPS for the next fiscal year.
Devon Energy Corp. (NYSE:DVN) opened at 64.46 on Tuesday. Devon Energy Corp. has a 1-year low of $50.81 and a 1-year high of $66.92. The stock’s 50-day moving average is $61.06 and its 200-day moving average is $57.60. The company’s market cap is $26.171 billion.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Devon Energy Corp. from $77.00 to $86.00 in a research note to investors on Monday, October 28th. They now have a “buy” rating on the stock. On a related note, analysts at Raymond James raised their price target on shares of Devon Energy Corp. from $64.00 to $72.00 in a research note to investors on Wednesday, October 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Howard Weil raised their price target on shares of Devon Energy Corp. from $68.00 to $70.00 in a research note to investors on Wednesday, October 23rd. They now have a “sector outperform” rating on the stock. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.57.
Devon Energy Corporation is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NYSE:DVN).
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