Devon Energy Corporation (NYSE:DVN) will be issuing its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

Devon Energy Corporation (NYSE:DVN) last announced its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Devon Energy Corporation had a return on equity of 5.36% and a net margin of 16.07%. The company’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. On average, analysts expect Devon Energy Corporation to post $1.74 EPS for the current fiscal year and $2.08 EPS for the next fiscal year.

Shares of Devon Energy Corporation (NYSE DVN) opened at 34.65 on Tuesday. The stock has a 50 day moving average price of $34.96 and a 200 day moving average price of $34.41. The firm has a market capitalization of $18.21 billion, a PE ratio of 7.84 and a beta of 2.21. Devon Energy Corporation has a 52 week low of $28.79 and a 52 week high of $50.69.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.69%. Devon Energy Corporation’s dividend payout ratio (DPR) is 5.47%.

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A number of analysts recently weighed in on the stock. Morgan Stanley upped their price target on shares of Devon Energy Corporation from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. BMO Capital Markets set a $45.00 price target on shares of Devon Energy Corporation and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Jefferies Group LLC raised shares of Devon Energy Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Monday, October 9th. Stifel Nicolaus set a $66.00 price target on shares of Devon Energy Corporation and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $40.00 price target on shares of Devon Energy Corporation in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. Devon Energy Corporation presently has an average rating of “Buy” and a consensus target price of $45.47.

In related news, Director Robert H. Henry sold 7,045 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $33.35, for a total transaction of $234,950.75. Following the sale, the director now owns 11,338 shares in the company, valued at $378,122.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.51% of the company’s stock.

Devon Energy Corporation 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 Corporation (NYSE:DVN)

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