Devon Energy Corporation (DVN) Set to Announce Quarterly Earnings on Tuesday

Devon Energy Corporation (DVN) Set to Announce Quarterly Earnings on Tuesday

Devon Energy Corporation (NYSE:DVN) will announce its Q416 earnings results on Tuesday, February 14th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $2.79 billion for the quarter.

Devon Energy Corporation (NYSE:DVN) opened at 44.75 on Friday. Devon Energy Corporation has a 52-week low of $18.07 and a 52-week high of $50.69. The firm has a 50 day moving average of $46.32 and a 200-day moving average of $43.61. The company’s market capitalization is $23.43 billion.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, March 13th. Devon Energy Corporation’s dividend payout ratio (DPR) is presently -1.28%.

A number of analysts recently commented on DVN shares. Wells Fargo & Company cut shares of Devon Energy Corporation from an “outperform” rating to a “market perform” rating and set a $50.00 target price for the company. in a research note on Wednesday, January 11th. KLR Group upgraded shares of Devon Energy Corporation from an “accumulate” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Friday, January 20th. Seaport Global Securities upgraded shares of Devon Energy Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, December 9th. Zacks Investment Research upgraded shares of Devon Energy Corporation from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Thursday, January 12th. Finally, Societe Generale cut shares of Devon Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, November 30th. Fourteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $45.23.

Devon Energy Corporation Company Profile

Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company’s operations are concentrated in various North American onshore areas in the United States and Canada. The Company also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day.

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