Devon Energy (DVN) Projected to Post Quarterly Earnings on Tuesday

Devon Energy (NYSE:DVN - Get Free Report) will likely be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.00 per share and revenue of $4.25 billion for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Devon Energy Trading Up 2.4 %

NYSE DVN traded up $0.84 during trading on Tuesday, hitting $35.10. The company had a trading volume of 9,473,220 shares, compared to its average volume of 9,367,016. The company's fifty day moving average is $34.41 and its 200-day moving average is $38.87. Devon Energy has a one year low of $30.39 and a one year high of $55.09. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The company has a market cap of $23.05 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 1.04 and a beta of 1.98.

Wall Street Analyst Weigh In

DVN has been the subject of a number of research reports. Truist Financial decreased their price target on shares of Devon Energy from $43.00 to $42.00 and set a "hold" rating for the company in a research note on Monday, January 13th. StockNews.com upgraded Devon Energy from a "sell" rating to a "hold" rating in a research note on Friday, January 3rd. TD Cowen reduced their price target on Devon Energy from $54.00 to $46.00 and set a "hold" rating on the stock in a research note on Tuesday, November 5th. Mizuho lowered their price objective on Devon Energy from $51.00 to $47.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Finally, Wolfe Research upgraded shares of Devon Energy from a "peer perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research note on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Devon Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.45.

Devon Energy Company Profile

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.