Streetbeat News

DVN

Devon Energy Corporation

https://www.devonenergy.com

Industry

Oil & Gas Exploration & Production

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.

Open

34.00

Mkt cap

22B

Volume

8.5M

High

34.25

P/E Ratio

6.27

52-wk high

55.09

Low

33.39

Div yield

0.04

52-wk low

33.39

Devon Energy expects its Q3 total capital expenditures to be between $870 million and $930 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:23 pm

Devon Energy (NYSE:DVN) reported Q2 2024 sales of $3.917 billion, surpassing the analyst consensus estimate of $3.893 billion by 0.62%. This marks a 13.40% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:20 pm

Devon Energy (NYSE:DVN) reported Q2 2024 adjusted earnings per share (EPS) of $1.41, surpassing the analyst consensus estimate of $1.26 by 11.9%.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:12 pm

Devon Energy's (NYSE:DVN) short interest has risen by 4.2%, with 16.38 million shares sold short, representing 2.98% of its float. This increase in short interest suggests a more bearish sentiment among investors. However, Devon Energy's short interest is still lower than the peer group average of 6.38%.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 7:45 pm

Shares of oil and gas companies are trading lower due to concerns about an economic slowdown following recent US data, which could negatively impact demand.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:32 pm

Shares of oil and gas stocks are trading lower despite Middle East tensions, likely due to weak US economic data impacting demand outlook.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:50 pm

Shares of oil and gas stocks are trading lower due to worse-than-expected US economic data, which could pressure the demand outlook for the sector.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:21 pm

WhiteWater, MPLX, and Enbridge have partnered with Targa Resources to construct the Blackcomb Pipeline. They have secured agreements with major shippers including Devon Energy, Diamondback Energy, Marathon Petroleum, and Targa Resources.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:23 pm

Wells Fargo analyst Roger Read maintains an Overweight rating on Devon Energy (NYSE:DVN) but lowers the price target from $60 to $57.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:47 am

Wolfe Research has reinstated a Peer Perform rating on Devon Energy (NYSE:DVN).

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:56 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.