|Bid||0.00 x 800|
|Ask||0.00 x 3100|
|Day's Range||34.89 - 35.74|
|52 Week Range||29.83 - 46.54|
|Beta (3Y Monthly)||2.98|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2018|
|Forward Dividend & Yield||0.32 (0.89%)|
|1y Target Est||52.97|
"Halftime Report" trader Pete Najarian spots unusual options activity in shares of Devon Energy and McDermott International.
Devon Energy Corp. (DVN) announced today that management will present at the Bank of America Merrill Lynch Global Energy Conference in Miami at 4 p.m. ET on Wednesday, Nov. 14, 2018. The presentation will be available to the public via webcast. A link to the webcast will be accessible from Devon’s home page at www.devonenergy.com on the date of the event.
Shale producer Devon Energy on Tuesday forecast higher U.S. production for the third quarter from a year earlier, helped by an increase in output of natural gas liquids. Devon now expects output of about ...
Devon Energy Corp. (DVN) today reported that additional facilities work at its Jackfish 1 heavy oil project in Alberta, Canada, is now complete and full-scale operations have been restored. Devon elected to perform the incremental maintenance work that temporarily curtailed production as opposed to deferring the repairs to a future date. Devon estimates that its third-quarter 2018 net production in Canada will be approximately 104,000 barrels of oil equivalent (Boe) per day as a result of the maintenance at Jackfish 1.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. DVN credit default swap spreads are within the middle of their range for the last three years.
Rather, stock charts of Interpublic Group of Companies (NYSE:IPG), Devon Energy (NYSE:DVN) and Adobe Systems (NASDAQ:ADBE) are shaping up as the best bets. Although most oil and gas stocks have at least held their ground in sync with firm natural gas and crude oil prices, DVN stock has been fighting a losing battle.
Pete Najarian spoke on CNBC's "Fast Money Halftime Report" about an unusually high options activity in Devon Energy Corp (NYSE: DVN) and McDermott International Inc (NYSE: MDR). Around 3,500 contracts of the November 42 calls in Devon Energy were traded on Friday, said Najarian. Traders paid around $1.30 for them, which sets the breakeven at $43.30 or 8.14 percent above the closing price on Friday.
NEW YORK, Oct. 04, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Southwestern Energy (SWN), a natural gas–weighted exploration and production company focused in the Appalachian Basin, was the weakest upstream stock in the week ending September 28. Southwestern Energy fell 10.8% last week. The company’s decline despite gains in natural gas prices could be attributed to a target price cut by Morgan Stanley. Morgan Stanley lowered Southwestern Energy’s target price to $3 from $6.
Of the Reuters-surveyed analysts rating Devon Energy (DVN), 66% of them are recommending a “buy” for the stock, and the remaining 34% are rating it a “hold.” Barclays recently initiated coverage of DVN with an “overweight” rating, which is equivalent to a “buy.” DVN has seen six rating updates over the past six months, including two upgrades and four new coverage initiations.
In the second quarter of 2018, Citadel added a major position in Devon Energy (DVN). It bought 6.9 million shares valued at $301.6 million. Nomura Securities added 3.4 million shares.
So far in this series, we’ve looked at Devon Energy’s (DVN) market performance, technical indicators, and price forecast. Now let’s analyze its current valuation compared to its peers and historical levels.
Devon Energy’s (DVN) 30-day implied volatility was 29.9% as of September 26. Its peers Anadarko Petroleum (APC) and EOG Resources (EOG) have implied volatilities of 26.5% and 21.6%, respectively. In comparison, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has an implied volatility of 23.9%.
Devon Energy (DVN) continues to trade below its short-term (50-day) moving average. It was trading 6.2% below its 50-day SMA (simple moving average) and 0.8% above its 200-day SMA as of September 26. The 200-day SMA should act as a support for DVN. In comparison, DVN’s peers Anadarko Petroleum (APC) and EOG Resources (EOG) were trading 0.8% and 5.3%, respectively, above their 200-day SMAs.
Devon Energy (DVN) has been sluggish over the past month despite the gains in crude oil and natural gas prices. DVN fell 8% in September, while crude oil and natural gas gained 2.5% and 3.6%, respectively.
DALLAS , Sept. 25, 2018 /PRNewswire/ -- On September 21, 2018 , Swank Capital, LLC, and Cushing ® Asset Management, LP, announced the upcoming rebalancing of The Cushing ® Energy Index (the "Index") ...
Every investor in Devon Energy Corporation (NYSE:DVN) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders oftenRead More...
Devon Energy Corp. (DVN) today announced plans to report its third-quarter 2018 results on Tuesday, Nov. 6, after the close of U.S. financial markets. The earnings release and operations report announcing these results will both be available on the company’s website at www.devonenergy.com. Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas.
Among the analysts surveyed by Reuters, 59.0% recommend Marathon Oil (MRO) as a “buy,” while 41.0% recommend it as a “hold.” Barclays last initiated coverage on Marathon Oil with an “overweight rating,” which is equivalent to “buy.” Overall, Marathon Oil has seen six rating updates since the beginning of 2018—four new coverage initiations and two upgrades. Marathon Oil’s average target price of $24.1 implies ~12% upside potential from the current price levels.
So far in this series, we have discussed Marathon Oil’s (MRO) market performance, technical indicators, and price forecast. In this part, we’ll analyze Marathon Oil’s current valuation compared to its peers and historical levels.