Devon Energy (DVN) Set to Announce Earnings on Tuesday

Devon Energy (NYSE:DVN - Get Free Report) is set to release its earnings data after the market closes on Tuesday, November 5th. Analysts expect Devon Energy to post earnings of $1.18 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Devon Energy (NYSE:DVN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.15. Devon Energy had a net margin of 22.60% and a return on equity of 29.14%. The firm had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same period last year, the company earned $1.18 earnings per share. The business's revenue was up 13.4% on a year-over-year basis. On average, analysts expect Devon Energy to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Devon Energy Stock Down 1.2 %

NYSE DVN traded down $0.46 during trading hours on Tuesday, hitting $38.14. The company's stock had a trading volume of 6,107,148 shares, compared to its average volume of 7,336,557. The company has a market capitalization of $23.88 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 1.22 and a beta of 2.02. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. Devon Energy has a 52 week low of $37.76 and a 52 week high of $55.09. The company's 50-day simple moving average is $41.37 and its two-hundred day simple moving average is $45.53.

Devon Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.31%. Devon Energy's dividend payout ratio is presently 15.97%.

Analyst Ratings Changes

Several brokerages have weighed in on DVN. Wolfe Research initiated coverage on Devon Energy in a research note on Thursday, July 18th. They set a "peer perform" rating on the stock. Susquehanna cut their price target on shares of Devon Energy from $63.00 to $62.00 and set a "positive" rating on the stock in a report on Friday, October 18th. UBS Group reduced their price objective on shares of Devon Energy from $53.00 to $47.00 and set a "neutral" rating for the company in a research report on Wednesday, September 18th. Jefferies Financial Group initiated coverage on shares of Devon Energy in a research report on Thursday, October 3rd. They set a "hold" rating and a $45.00 target price on the stock. Finally, Mizuho reduced their target price on Devon Energy from $53.00 to $51.00 and set an "outperform" rating for the company in a report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $52.53.

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.