DVN - Devon Energy Corporation
| Previous Close | 25.70 |
| Open | 25.76 |
| Bid | 26.36 x 1200 |
| Ask | 26.37 x 3100 |
| Day's Range | 25.48 - 26.42 |
| 52 Week Range | 20.37 - 45.61 |
| Volume | 6,538,507 |
| Avg. Volume | 6,182,730 |
| Market Cap | 10.936B |
| Beta (3Y Monthly) | 2.21 |
| PE Ratio (TTM) | 4.28 |
| EPS (TTM) | 6.15 |
| Earnings Date | Aug 6, 2019 |
| Forward Dividend & Yield | 0.36 (1.40%) |
| Ex-Dividend Date | 2019-09-12 |
| 1y Target Est | 36.59 |
- GuruFocus.com•6 days ago
Wall Street Mixed on Monday
Galapagos skyrockets to an all-time high Continue reading...
- Zacks•6 days ago
Permian Witnesses Oil Rig Count Decline in 10 of 13 Weeks
The United States witnesses the lowest oil drilling rig count in the week through Jul 12 after February 2018.
- InvestorPlace•6 days ago
Despite Moving Higher, Exxon Stock Still Underperforms
ExxonMobil (NYSE:XOM) stock has so far enjoyed a good 2019. Coming off the stock market selloff of last fall, Exxon stock has risen by about 15% since the first of the year.Source: Shutterstock However, the stock has remained on a long-term downtrend since oil prices peaked more than five years ago. Although oil trades much higher than its 2016 lows, sectors such as natural gas, refining, and chemicals continue to hold ExxonMobil down.Until more of its segments see better pricing, XOM stock will struggle to rally far beyond current levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Exxon Stock Keeps Moving SidewaysBy segments, I do not necessarily mean oil. Yes, XOM has experienced some disruption from Tropical Strom Barry in the Gulf of Mexico. The temporary shutdown in offshore drilling could have an impact on earnings and perhaps create a buying opportunity in the stock. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond However, that does not necessarily mean traders will want to take advantage. Admittedly, I liked Exxon when I covered it back in early January. It then traded at around $72 per share and had begun to recover from the stock slump that hit the market just before Christmas. Since that time, it has had ups and downs but now trades at $78 per share.Still, what concerns me most about XOM stock is the fact that it never recovered from the mid-decade slump in oil prices. In the spring of 2014, the XOM stock price had topped $100 per share. Granted, at that time, oil prices had often topped $100 per barrel. Since oil prices had fallen below $30 per barrel by 2016, one can understand the subsequent drop in ExxonMobil stock.However, oil prices have recovered to about $60 per barrel today. XOM stock remains at about the same high-$70s per share range where it traded in early 2016. In that same time, its closest peer, Chevron (NYSE:CVX) has risen by more than 50%. Chevron and Exxon StockXOM stock is clearly not a terrible investment. It remains a diversified business that can earn profits and increase dividends regardless of oil prices. The company generated just over $36 billion in free cash flow in 2018. Moreover, its 4.5% dividend yield and 36-year track record of payout hikes remain a testament to its stability.Furthermore, ExxonMobil leads the world in refining and polyethylene production. It also remains the leading natural gas producer in the country. With natural gas, Chevron lags much smaller players such as Chesapeake Energy (NYSE:CHK), Anadarko Petroleum (NYSE:APC), and Devon Energy (NYSE:DVN).However, except on dividend yield and production levels, it finds itself continuously outmatched by Chevron. Moreover, according to Barron's, ExxonMobil will have to spend 75% more to increase its oil-equivalent production. It also faces weak margins in refining and chemicals in addition to low natural gas prices.Furthermore, both Exxon stock and Chevron trade at about the same price-to-earnings (PE) ratio. ExxonMobil's PE ratio stands at about 17.9 compared with 17.3. Both will see shrinking profits this year.However, analysts forecast a 21.3% decline for XOM. They predict a drop of 4.4% for Chevron. Chevron also looks poised for higher growth when earnings begin to increase for both companies. Although holders of XOM stock may earn more dividend income, Chevron stock will probably benefit more from its comparatively higher growth. Final Thoughts on Exxon StockDespite a surge in recent months, underperformance continues to define XOM stock. ExxonMobil has risen this year. However, the equity remains in a long-term downtrend.Although a storm in the Gulf may have only temporary effects on drilling, XOM investors will probably have to worry about low price levels in segments such as natural gas and refining for a longer period. Moreover, its archrival Chevron continues to grow faster and outperform ExxonMobil on most financial metrics.At current levels, XOM can offer relative stability and a generous dividend payout, but little else.As of this writing, Will Healy is long CHK stock. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Despite Moving Higher, Exxon Stock Still Underperforms appeared first on InvestorPlace.
- Simply Wall St.•11 days ago
What Are Analysts Expecting From Devon Energy Corporation (NYSE:DVN) Over The Next Year?
Based on Devon Energy Corporation's (NYSE:DVN) earnings update in March 2019, it seems that analyst forecasts are...
- Markit•12 days ago
See what the IHS Markit Score report has to say about Devon Energy Corp.
Devon Energy Corp NYSE:DVNView full report here! Summary * Perception of the company's creditworthiness is neutral but improving * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for DVN with fewer than 5% of shares on loan. 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. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.82 billion over the last one-month into ETFs that hold DVN are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a strengthening bias over the past 1-month. DVN credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Zacks•13 days ago
US Oil Rig Tally Falls After 2 Straight Weeks of Increase
The decline in count for oil drilling rigs in the United States reflects conservative capital spending by domestic explorers and producers.
- Zacks•17 days ago
TOTAL (TOT) Expands Operation in Kazakhstan's Dunga Project
TOTAL (TOT) and its partners approve the Phase 3 development of Dunga field in western Kazakhstan, which in a way will contribute to TOTAL's goal to increase hydrocarbon production.
- Zacks•20 days ago
Permian Adds Oil Drilling Rigs After 3 Weeks of Decline
The considerable rise in oil price over the past month has likely prompted crude drillers to add rigs despite plans of conservative investments.
- GlobeNewswire•24 days ago
Devon Energy Announces Early Redemption of Senior Notes
Devon Energy Corp. (DVN) announced today that it will redeem $1.5 billion in Senior Notes. The notes will be redeemed at a redemption price of 100 percent of the principal amount, plus accrued and unpaid interest, as well as a make-whole premium. The terms of the redemption are described in the notice of redemption sent to registered holders on or about June 27, 2019.
- GlobeNewswire•24 days ago
Devon Energy Completes Sale of Canadian Business
Devon Energy Corp. (DVN) today announced that it has completed the sale of its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. Devon received net proceeds of USD $2.5 billion, after adjusting for purchase price adjustments and estimated taxes associated with the sale. To complete the company’s transformation to a high-return U.S. oil growth business, Devon continues to advance the divestiture process for its Barnett Shale gas assets in north Texas.
- GlobeNewswire•26 days ago
Devon Energy to Report Second-Quarter 2019 Results Aug. 6; Conference Call Scheduled for Aug. 7
OKLAHOMA CITY, June 25, 2019 -- Devon Energy Corp. (NYSE: DVN) today announced plans to announce second-quarter 2019 results on Tuesday, Aug. 6, after the close of U.S..
- Investopedia•26 days ago
Independent Oil and Gas Stocks Plunge Amid Oil Sell-Off
Independent oil and gas stocks rewarded investors handsomely in the first quarter of 2019 as the Organization of Petroleum Exporting Countries (OPEC) kept supply tight and fears of a global economic slowdown eased on the back of optimism that a trade deal breakthrough between the United States and China was on the horizon. If the latest iteration of tariff slapping between the world's two largest economic superpowers wasn't enough to pressure oil prices, U.S. government data released Wednesday that revealed a surprise surge in crude inventories was. West Texas Intermediate crude for July delivery (F*CL.NYM) plunged 5.7% yesterday – its steepest single-day decline this year – sending the share prices of oil and gas producing companies into freefall amid its sell-off.
- Zacks•27 days ago
Permian Witnesses Oil Rig Count Decline in 9 of 10 Weeks
Permian drillers are getting more efficient with the deployment of lesser rigs to produce more volumes of crude.
- Motley Fool•28 days ago
This Oil Stock Could Be a Big Winner in the Coming Year
This company is on track to produce a gusher of cash flow even if oil prices continue falling.
- Simply Wall St.•29 days ago
Is Devon Energy Corporation's (NYSE:DVN) CEO Overpaid Relative To Its Peers?
Dave Hager has been the CEO of Devon Energy Corporation (NYSE:DVN) since 2015. First, this article will compare CEO...
- Zacks•last month
Devon Energy (DVN) Gains As Market Dips: What You Should Know
Devon Energy (DVN) closed at $28.24 in the latest trading session, marking a +0.61% move from the prior day.
- Zacks•last month
Permian Continues to Witness Loss of Oil Drilling Rigs
Permian sees decline in oil drilling rig count in eight of the last nine weeks.
- Zacks•last month
Devon Energy (DVN) Dips More Than Broader Markets: What You Should Know
Devon Energy (DVN) closed at $25.77 in the latest trading session, marking a -1.34% move from the prior day.
- Zacks•last month
Can the Crude Slump Dent Oil Production Volumes in America?
With the advent of advanced drilling technologies, oil producers are now competitive enough to produce higher volumes despite investing lower capital and employing lesser rigs.
- Zacks•last month
Devon Energy (DVN) Sets New Target to Cut Methane Emissions
Devon Energy's (DVN) focus on domestic U.S. assets will increase oil production. Its initiative to lower methane emissions is appreciable.
- Insider Monkey•last month
Here’s What Hedge Funds Think About Devon Energy Corp (DVN)
Is Devon Energy Corp (NYSE:DVN) a good bet right now? We like to analyze hedge fund sentiment before doing days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage […]
