FY2018 EPS Estimates for Devon Energy Corporation Boosted by Analyst (DVN)

Devon Energy Corporation (NYSE:DVN) – Equities research analysts at CLSA upped their FY2018 earnings per share (EPS) estimates for shares of Devon Energy Corporation in a report released on Thursday. CLSA analyst A. Sen now expects that the firm will post earnings of $3.29 per share for the year, up from their prior forecast of $3.10.

Several other research firms have also recently commented on DVN. Seaport Global Securities raised shares of Devon Energy Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, December 9th. Zacks Investment Research raised shares of Devon Energy Corporation from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Thursday, January 12th. Wells Fargo & Company cut shares of Devon Energy Corporation from an “outperform” rating to a “market perform” rating and set a $50.00 target price for the company. in a research note on Wednesday, January 11th. Barclays PLC lifted their target price on shares of Devon Energy Corporation from $48.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, January 26th. Finally, Jefferies Group LLC cut shares of Devon Energy Corporation from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research note on Tuesday, January 17th. Thirteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock. Devon Energy Corporation presently has an average rating of “Buy” and a consensus target price of $46.13.

Earnings History and Estimates for Devon Energy Corporation (NYSE:DVN)

“FY2018 EPS Estimates for Devon Energy Corporation Boosted by Analyst (DVN)” was reported by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/2401786/fy2018-eps-estimates-for-devon-energy-corporation-boosted-by-analyst-dvn.html.

Devon Energy Corporation (NYSE:DVN) traded down 0.18% during mid-day trading on Friday, reaching $44.03. The company’s stock had a trading volume of 1,981,992 shares. Devon Energy Corporation has a 1-year low of $18.07 and a 1-year high of $50.69. The stock’s market capitalization is $23.03 billion. The stock’s 50 day moving average price is $46.08 and its 200 day moving average price is $43.91.

Devon Energy Corporation (NYSE:DVN) last announced its quarterly earnings data on Tuesday, February 14th. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Devon Energy Corporation had a positive return on equity of 1.48% and a negative net margin of 69.59%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, March 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.54%. Devon Energy Corporation’s dividend payout ratio is currently -1.28%.

“FY2018 EPS Estimates for Devon Energy Corporation Boosted by Analyst (DVN)” was reported by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/2401786/fy2018-eps-estimates-for-devon-energy-corporation-boosted-by-analyst-dvn.html.

A number of institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in shares of Devon Energy Corporation by 8.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,239,980 shares of the energy company’s stock worth $56,630,000 after buying an additional 92,910 shares in the last quarter. Pittenger & Anderson Inc. raised its position in shares of Devon Energy Corporation by 671.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 5,090 shares of the energy company’s stock worth $232,000 after buying an additional 4,430 shares in the last quarter. IFM Investors Pty Ltd purchased a new position in shares of Devon Energy Corporation during the fourth quarter worth approximately $274,000. Archford Capital Strategies LLC raised its position in shares of Devon Energy Corporation by 68.8% in the fourth quarter. Archford Capital Strategies LLC now owns 4,937 shares of the energy company’s stock worth $225,000 after buying an additional 2,013 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Devon Energy Corporation during the fourth quarter worth approximately $1,828,000. Hedge funds and other institutional investors own 77.18% of the company’s stock.

Devon Energy Corporation Company Profile

Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company’s operations are concentrated in various North American onshore areas in the United States and Canada. The Company also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day.

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