Momentum
Previous Close | 46.10 |
Open | 46.31 |
Bid | 47.18 x 1000 |
Ask | 49.78 x 900 |
Day's Range | 45.98 - 47.73 |
52 Week Range | 44.03 - 79.40 |
Volume | |
Avg. Volume | 9,049,880 |
Market Cap | 30.019B |
Beta (5Y Monthly) | 2.36 |
PE Ratio (TTM) | 5.10 |
EPS (TTM) | 9.17 |
Earnings Date | Jul 31, 2023 - Aug 04, 2023 |
Forward Dividend & Yield | 4.51 (9.64%) |
Ex-Dividend Date | Jun 14, 2023 |
1y Target Est | 63.34 |
Falling crude oil and natural gas prices, rising interest rates, and broader fears of a slowdown have hit share prices, offering investors a great opportunity to park some money in promising stocks, especially ones that also pay big dividends. Devon Energy (NYSE: DVN) and NextEra Energy (NYSE: NEE) are top contenders, with both stocks losing ground in recent months. George Budwell (Devon Energy): Devon Energy is an Oklahoma-based energy company specializing in U.S. onshore drilling.
Oil prices cratered during the early days of the pandemic, taking oil stocks with them. Crude prices and oil stocks have cooled off over the past several months on macroeconomic concerns. Three that stand out are Devon Energy (NYSE: DVN), Occidental Petroleum (NYSE: OXY), and Marathon Oil (NYSE: MRO).
Oil prices have gone on a wild ride since Russia invaded Ukraine. Reuben Gregg Brewer (Enbridge): Oil prices are notoriously volatile and there's nothing that any oil producer can do about that or its impact on top- and bottom-line performance.
Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Undervalued oil stocks are out there if you know where to look. After the pandemic contagion, when prices fell to zero, oil prices have had an epic comeback. Consequently, oil stocks posted solid gains in 2021 and 2022. By the end of 2022, the Energy Select Sector SPDR Fund, a broad oil sector ETF, had surged 238% from its lows in March 2020. However, oil stocks have given back some gains since the recent top. Now, this pullback presents several undervalued oil stocks to consider.InvestorPlace -
The soft inflation report was a sigh of relief for many sectors, especially the energy industry. With high-interest rates, economic slowdown, and weakness across multiple sectors, oil prices have taken a hit. They have seen massive volatility over the past few months. With the onset of summer, I believe oil prices could be ready for steady growth and this means top oil stocks could see a sector reversal. Furthermore, as we inch closer to the end of rate hikes, we could see a slowdown in the econ
(Bloomberg) -- The intensity of methane emissions from oil and gas production fell 28% between 2019 and 2021 among the industry’s 100 biggest emitters. Greenhouse gas emissions intensity — which includes carbon dioxide, nitrous oxide and methane — dropped 30%, according to an analysis of public data published today by the nonprofits Clean Air Task Force and Ceres, and ERM Group Inc. Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksMcCarthy Says Debt Deal Remains E
Devon Energy isn't a bad energy stock, but it does come with a bit more risk than its larger and more diversified peers.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
This dividend stock offers an ultra-high yield of 9.1% -- and Wall Street thinks the stock can soar 32% higher. The average analysts' 12-month price target for Devon Energy (NYSE: DVN) reflects an upside potential of close to 32%. The stock has fallen around 20% so far in 2023 due to declining oil prices.
Oil prices have gone on a roller-coaster ride this year. The firm recently released its May report, which noted that global oil demand is stronger than expected. With expectations for muted supply, oil prices could heat up this summer, which would be a boon for oil stocks.
Devon Energy Corporation's ( NYSE:DVN ) dividend is being reduced from last year's payment covering the same period to...
After a rough 2022, the S&P 500 is up 7% year to date. Enphase Energy (NASDAQ: ENPH), 3M (NYSE: MMM), and Devon Energy (NYSE: DVN) are among those beaten-down names, but there are reasons to be optimistic that their rebounds are coming. Weak guidance, supply chain issues, and adverse regulatory impacts have combined to make Enphase one of the worst performers in the S&P 500 in 2023, with a year-to-date decline of about 40%.
Devon Energy (DVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The company's management team believes the sell-off has the stock trading at a very attractive price. Here's what the company is doing to take advantage of this opportunity. Devon Energy launched a unique capital return strategy in 2021.
Here is your Pro Recap of the biggest share-buyback announcements you may have missed last week: repurchases at Airbnb, Devon Energy , Valvoline, and Old Republic. Airbnb (NASDAQ:ABNB) announced a $2.5B stock buyback program, as InvestingPro reported in real time. Shares dropped more than 10% on Wednesday and closed the week with a 12% loss after the company reported its Q1 results.
In early 2021, Devon Energy (NYSE: DVN) launched the oil industry's first fixed-plus variable dividend framework. It paid a fixed base quarterly dividend that it routinely increased. In addition, Devon pays a variable dividend of up to 50% of its remaining excess cash flow.
Key Insights Devon Energy's estimated fair value is US$51.66 based on 2 Stage Free Cash Flow to Equity Devon Energy's...
ExxonMobil (NYSE: XOM) has a 3.3% dividend yield today, which simply pales in comparison to Devon Energy's (NYSE: DVN) massive 9.1% yield. If all you did was look at dividend yield, you'd jump on Devon in a heartbeat. Devon Energy is an onshore U.S. oil and natural gas producer.
Devon Energy (NYSE: DVN) launched the oil industry's first fixed-plus variable dividend framework a few years ago. It has also made variable dividend payments that have varied considerably from quarter to quarter. Devon Energy recently declared its latest dividend based on its first-quarter results, which it will pay in the current quarter.
Q1 2023 Devon Energy Corp Earnings Call
Also joining me on the call today are Rick Muncrief, our president and CEO; Clay Gaspar, our chief operating officer; Jeff Ritenour, our chief financial officer; and a few other members of our senior management team. Thank you, Scott.
Devon Energy's (DVN) first-quarter 2023 earnings outpace estimates, while revenues miss the same.