Devon Energy (DVN) Scheduled to Post Earnings on Tuesday

Devon Energy (NYSE:DVN) is set to post its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect Devon Energy to post earnings of $0.61 per share for the quarter.

Devon Energy (NYSE DVN) opened at $35.78 on Tuesday. The firm has a market cap of $18,800.00, a PE ratio of 12.17, a P/E/G ratio of 1.68 and a beta of 2.10. Devon Energy has a 12 month low of $28.79 and a 12 month high of $47.25. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.87.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Wednesday, March 14th. Devon Energy’s dividend payout ratio is presently 8.16%.

A number of research analysts recently weighed in on the stock. B. Riley assumed coverage on shares of Devon Energy in a research note on Monday, February 5th. They issued a “neutral” rating and a $50.00 price target on the stock. Capital One Financial lowered shares of Devon Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 10th. KLR Group lowered shares of Devon Energy from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Devon Energy from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a research note on Friday, February 2nd. Finally, Barclays raised their target price on shares of Devon Energy from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Devon Energy currently has a consensus rating of “Buy” and a consensus price target of $47.72.

In other news, EVP Lyndon C. Taylor sold 12,798 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.29, for a total transaction of $490,035.42. Following the completion of the sale, the executive vice president now owns 67,900 shares in the company, valued at approximately $2,599,891. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.51% of the stock is owned by company insiders.

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About Devon Energy

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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