Devon Energy Corp (NYSE:DVN) – Equities researchers at Capital One Financial issued their FY2021 earnings per share estimates for shares of Devon Energy in a research note issued to investors on Wednesday, February 19th. Capital One Financial analyst P. Johnston anticipates that the energy company will post earnings per share of $1.74 for the year. Capital One Financial also issued estimates for Devon Energy’s FY2022 earnings at $1.30 EPS and FY2023 earnings at $1.64 EPS.

Devon Energy (NYSE:DVN) last posted its earnings results on Tuesday, February 18th. The energy company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.83 billion. Devon Energy had a positive return on equity of 7.98% and a negative net margin of 5.18%. During the same period last year, the company earned $0.10 earnings per share.

Other analysts have also issued reports about the company. BMO Capital Markets reissued an “outperform” rating and issued a $30.00 price objective on shares of Devon Energy in a report on Tuesday, January 21st. Evercore ISI reissued a “hold” rating and issued a $30.00 target price on shares of Devon Energy in a report on Wednesday. ValuEngine raised Devon Energy from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. MKM Partners reduced their target price on Devon Energy from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday. Finally, Siebert Williams Shank assumed coverage on Devon Energy in a report on Friday, December 20th. They issued a “buy” rating and a $33.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Devon Energy presently has a consensus rating of “Buy” and a consensus price target of $33.56.

Devon Energy stock opened at $22.15 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.66. Devon Energy has a 52 week low of $19.72 and a 52 week high of $35.39. The business’s 50-day moving average price is $24.01 and its 200 day moving average price is $23.32. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of -22.60, a price-to-earnings-growth ratio of 1.02 and a beta of 2.49.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.44 dividend on an annualized basis and a yield of 1.99%. This is a boost from Devon Energy’s previous quarterly dividend of $0.09. Devon Energy’s payout ratio is presently 26.09%.

In related news, CAO Jeremy D. Humphers sold 1,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $22.01, for a total value of $33,015.00. Following the sale, the chief accounting officer now owns 43,975 shares of the company’s stock, valued at $967,889.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Cerebellum GP LLC increased its position in shares of Devon Energy by 13.6% during the 4th quarter. Cerebellum GP LLC now owns 20,940 shares of the energy company’s stock valued at $544,000 after purchasing an additional 2,503 shares during the last quarter. Cetera Advisor Networks LLC increased its position in shares of Devon Energy by 7.2% during the third quarter. Cetera Advisor Networks LLC now owns 8,991 shares of the energy company’s stock worth $217,000 after acquiring an additional 603 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Devon Energy by 2.9% during the third quarter. Fisher Asset Management LLC now owns 2,565,633 shares of the energy company’s stock worth $61,729,000 after acquiring an additional 73,083 shares in the last quarter. Doliver Advisors LP lifted its stake in Devon Energy by 5.2% in the third quarter. Doliver Advisors LP now owns 9,912 shares of the energy company’s stock valued at $208,000 after acquiring an additional 490 shares during the last quarter. Finally, Tibra Equities Europe Ltd acquired a new stake in Devon Energy in the third quarter valued at $570,000. 85.74% of the stock is currently owned by hedge funds and other institutional investors.

Devon Energy Company Profile

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. It operates approximately 12,900 gross wells. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

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Earnings History and Estimates for Devon Energy (NYSE:DVN)

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