Markets

Do You Have Devon Energy Corporation (NYSE:DVN) In Your Portfolio?

Do You Have Devon Energy Corporation (NYSE:DVN) In Your Portfolio?

Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share.

The PEG ratio for Devon Energy Corporation is now *tba.

Other large investors have also recently added to or reduced their stakes in the company. Janus Capital Management LLC boosted its position in Devon Energy Corporation by 408.1% during the first quarter. It also increased its holding in Sensata Technologies Hldg Nv (NYSE:ST) by 13,475 shares in the quarter, for a total of 30,415 shares, and has risen its stake in Cme Group Inc (NASDAQ:CME). Schwab Charles Investment Management Inc. now owns 1,953,530 shares of the energy company's stock worth $62,455,000 after buying an additional 87,912 shares in the last quarter. LLC purchased a new position in Devon Energy Corp. during the second quarter worth about $144,000. Ropes Wealth Advisors LLC increased its position in Devon Energy Corp.by 738.7% in the second quarter. Pnc Financial Services Group Inc sold 23,327 shares as the company's stock declined 4.33% while stock markets rallied. Finally, Exane Derivatives boosted its stake in shares of Devon Energy Corporation by 36.0% in the 2nd quarter. The Factory Mutual Insurance Company holds 1.32M shares with $86.71M value, up from 1.30 million last quarter.

A number of equities research analysts have recently issued reports on DVN shares. Barclays PLC restated an "overweight" rating and issued a $35.00 price target (up from $31.00) on shares of Devon Energy Corporation in a research note on Wednesday, August 9th. Citigroup Inc. dropped their price objective on Devon Energy Corporation from $52.00 to $40.00 and set a "buy" rating for the company in a report on Friday, July 21st. Finally, Cowen and Company reaffirmed a "buy" rating and issued a $40.00 target price on shares of Devon Energy Corporation in a report on Thursday, September 28th. Stifel Nicolaus restated a "buy" rating and issued a $67.00 price target on shares of Devon Energy Corporation in a research note on Sunday, September 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. BMO Capital Markets maintained the stock with "Hold" rating in Wednesday, August 2 report.




ILLEGAL ACTIVITY WARNING: This news story was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of USA & global copyright and trademark laws. Devon Energy Corporation (NYSE:DVN)'s short interest is 10.47 million shares, or 2.01% of the float. The company saw 8.82 million shares trade hands over the course of the day. The stock has a market cap of $21,470.00, a PE ratio of 26.90, a PEG ratio of 1.25 and a beta of 2.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.63 and a current ratio of 1.63. According to today's trading volume Devon Energy Corporation is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Devon Energy Corporation most recently reported earnings per share (EPS) of $0.34 for the September 2017 versus $0.06 in the same quarter a year ago, representing 467% growth. The energy company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.39 by $0.07. Devon Energy Corporation had a net margin of 11.62% and a return on equity of 6.88%. The average estimate of Wall Street analysts had projected 0.32. The shares price has directed 1.67% toward a higher level throughout previous year and swapped 14.20% toward a strong spot during past one month.

Looking forward, the company's quarterly earnings are expected to come at $0.94 in the three months through December 2017 and $0.91 in the quarter ending March 2018, reflecting 5.62% and 3.41% growth, respectively. Investors of record on Friday, December 15th will be given a $0.06 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.54%. Devon Energy Corporation's payout ratio is now 8.19%. More interesting news about Devon Energy Corp (NYSE:DVN) was released by: Seekingalpha.com and their article: "Devon Energy's (DVN) CEO David Hager on Fiscal Q3 2017 Results - Earnings Call ..." with publication date: November 02, 2017.


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