|Bid||40.41 x 4000|
|Ask||40.90 x 1800|
|Day's Range||40.42 - 41.03|
|52 Week Range||29.83 - 46.54|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||0.32 (0.75%)|
|1y Target Est||51.23|
Devon's (DVN) decision to monetize non-core assets is likely to help lower its debts as well as add shareholder value through share buyback and dividend hike.
The deal comes more than a year after Carrizo bought 23,656 gross — or 16,488 net — acres in the Delaware Basin for $648 million. Since then, the company made several divestments.
Elliott Management Corp., the activist fund run by billionaire Paul Singer, took new stakes in Devon Energy Co., VMWare Inc. and Twenty-First Century Fox Inc. during the second quarter.
Devon Energy Corp. (DVN) announced today it has entered into a definitive agreement to sell 9,600 net acres of non-core Delaware Basin acreage in Ward and Reeves County to Carrizo Oil and Gas for $215 million. The transaction is expected to close in the fourth quarter of 2018, subject to customary terms and conditions. With this transaction, total proceeds from Devon’s divestiture program have now reached $4.4 billion.
Devon Energy Corp. (DVN) announced today that management will present at the Barclays CEO Energy-Power Conference in New York at 10:25 a.m. ET on Wednesday, Sept. 5, 2018. The presentation will be available to the public via webcast. The presentation will include forward-looking information.
Investing.com - Facebook (NASDAQ:FB) rose sharply in midday trading, while energy stocks also gained. But real estate stocks struggled on interest-rate concerns.
As oil prices rose in the second quarter of 2018, one would expect shale companies to make a killing, but many of them didn’t benefit as much as expected because of stringent production hedges
On August 1, the EIA (U.S. Energy Information Administration) released its oil inventory report. The EIA reported that US crude oil inventories increased by 3.8 MMbbls (million barrels) to 408.7 MMbbls on July 20–27. However, the inventories decreased 15.2% YoY (year-over-year). A Reuters survey estimated that US crude oil inventories could have fallen by 2.8 MMbbls on July 20–27.
In Q1 2018, 195 funds bought Southwestern Energy (SWN) stock, which means they either created new positions or added to existing positions. In the same quarter, 165 funds were “sellers,” and either closed their entire position or reduced existing positions in SWN stock. That means that in Q1 2018, total buying funds outnumbered selling funds by 33. As of March 31, 345 funds that filed the form 13F held SWN in their portfolio. Four of these funds had SWN in their top ten holdings.
Despite increase in total production, Devon's (DVN) Q2 earnings and revenues are lower than expected, primarily due to surge in total expenses.
Devon Energy Corp (DVN.N) shares were down 2.7 percent at $43.78, Chesapeake Energy Corp (CHK.N) was down 6.6 percent at $4.41 and Anadarko Petroleum Corp (APC.N) was down 5.2 percent at $69.34 on Wednesday afternoon after they reported earnings per share below analyst expectations. U.S. shale production has surged in the last two years, buoying overall U.S. oil output to a record of about 11 million barrels per day. Oil producers use hedges as an insurance contract to lock in a future selling price for production.
As of July 25, Southwestern Energy (SWN) had an implied volatility of ~50.0%, which is lower when compared with its implied volatility of ~50.9% at the end of the second quarter of 2018.
NEW YORK, NY / ACCESSWIRE / August 1, 2018 / Devon Energy Corporation (NYSE: DVN ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 1, 2018 at 11:00 AM Eastern Time. ...
ConocoPhillips announced its second-quarter earnings on July 26 before the market opened. In the second quarter, ConocoPhillips reported revenues of ~$9.24 billion—lower than analysts’ consensus of ~$9.93 billion. The company reported an adjusted profit of $1.09 per share, which beat analysts’ consensus for a profit of $1.08 per share.
Devon Energy (DVN) announced its Q2 2018 earnings yesterday after the market closed. It missed adjusted EPS estimates by $0.02 in Q2 2018. DVN reported an adjusted profit of $0.34 per share, whereas the Wall Street analyst consensus was for a profit of $0.36 per share. On a year-over-year basis, Devon Energy’s Q2 2018 adjusted EPS are the same as the Q2 2017 adjusted EPS of $0.34. Sequentially, DVN’s Q2 2018 adjusted EPS are higher than the $0.20 in Q1 2018.
For the second quarter, ConocoPhillips (COP) reported an operating cash flow of ~$3.34 billion, which is higher compared to analysts’ expectation of ~$2.91 billion. On a year-over-year basis, the company’s second-quarter operating cash flow was ~91% higher from ~$1.75 billion generated in the second quarter of 2017. Even on a sequential basis, ConocoPhillips’s second-quarter operating cash flow was ~39% higher from ~$2.40 billion generated in the first quarter.
Wall Street analysts expect Southwestern Energy (SWN) to report ~1% lower year-over-year operating cash flow of ~$263 million in the second quarter from ~$266 million in Q2 2017. On a sequential basis, SWN’s estimated Q2 2018 operating cash flow is lower by ~28% when compared with ~$364 million in Q1 2018. SWN’s lower estimated Q2 2018 operating cash flow can be attributed to the lower natural gas prices in the same quarter.
The Oklahoma City-based company said it had a loss of 83 cents per share. Earnings, adjusted for one-time gains and costs, were 34 cents per share. The results fell short of Wall Street expectations. The ...