|Bid||0.00 x 4000|
|Ask||12.02 x 4000|
|Day's Range||11.64 - 12.05|
|52 Week Range||4.70 - 28.42|
|Beta (5Y Monthly)||3.27|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 03, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||0.44 (3.65%)|
|Ex-Dividend Date||Sep 11, 2020|
|1y Target Est||15.82|
Oil companies are reporting their worst earnings results in years, but their stocks are on the rise. Among the companies winning strong reviews for their earnings reports are shale-oil drillers (DVN) (ticker: DVN), (PXD) (PXD) and (FANG) (FANG). Major European oil companies have also been up over the past two days following (BP)’s (BP) announcement on Tuesday that it will cut its dividend in half, a decision that was less drastic than some analysts had expected.
Devon Energy's (DVN) loss for the second quarter was narrower than expected. Its top line declines year over year due to fall in commodity prices.
Shares of Devon Energy (NYSE:DVN) rose 3.25% in after-market trading after the company reported Q2 results.Quarterly Results Earnings per share were down 178.26% over the past year to ($0.18), which beat the estimate of ($0.26).Revenue of $394,000,000 decreased by 79.49% from the same period last year, which missed the estimate of $1,120,000,000.Outlook Earnings guidance hasn't been issued by the company for now.View more earnings on DVNRevenue guidance hasn't been issued by the company for now.Technicals Company's 52-week high was at $28.41Company's 52-week low was at $4.70Price action over last quarter: down 2.09%Company Description Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base in spread throughout onshore North America with franchise development assets in the Stack and Delaware Basin. Other shale assets include acreage in the Eagle Ford, Powder River Basin, and Barnett. The company also holds oil sands operations in Alberta, Canada. At year-end 2018, Devon's proven reserves totaled 1,927 million barrels of oil equivalent with net production of 535 mboe/d. Oil and natural gas liquids made up 66% of production and 59% of proven reserves.See more from Benzinga * Benzinga's Top Upgrades, Downgrades For June 19, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.