Devon Energy is a oil and gas company located in Oklahoma, United States, which is part of the Energy sector, and is traded under the ticker DVN on the NYSE exchange.
Devon Energy stock last closed at $48.08, up 3.24% from the previous day, and has decreased 20.46% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.17 percentage points. Devon Energy stock is currently +9.2% from its 52-week low of $44.03, and -39.45% from its 52-week high of $79.40.
There are currently 654M shares of DVN outstanding. The market capitalization of DVN is $31.44B. In the past 24 hours, 7.75M DVN shares were traded.
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After you have selected the best place to buy Devon Energy stock, it's absolutely critical to analyze their stock before you buy, so you can wrap your head around the risk and opportunity.
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on DVN's stock page.
You can use many financial metrics, analyses, models, and charts to gauge DVN's fair value.
Using relative valuations measures:
You can access more valuation analysis on DVN's stock here.
Out of 14 Equities analysts who track DVN, the consensus analyst rating on Devon Energy is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Devin McDermott, a top 1% analyst from Morgan Stanley maintains DVN with a hold rating and lowers their DVN price target from $61.00 to $52.00, on Mar 27, 2023.
Maintaining his Hold rating, McDermott lowered his price target on Devon Energy Corporation by 14.8% after updating his assumptions on commodity prices to account for Q1 actuals and Q2 strip*.
"WTI oil prices are declining 1% in Q1 to reflect actuals and 23% in Q2 to align with the strip," the analyst stated.
For natural gas, McDermott said he lowered Henry Hub gas by 13% for Q1 actuals and by 24% on average for the balance of the year to align with the strip.
* Futures strips are the buying or selling of futures contracts in sequential delivery months traded as a single transaction. This is most common in the energy futures market. Futures strips most often trade in the energy market. [from here]
Neil Mehta, a top 12% analyst from Goldman Sachs maintains DVN with a hold rating and lowers their DVN price target from $74.00 to $58.00, on Mar 24, 2023.
Mark Lear, a top 21% analyst from Piper Sandler maintains DVN with a strong buy rating and lowers their DVN price target from $89.00 to $85.00, on Mar 7, 2023.
Scott Gruber, a top 24% analyst from Citigroup maintains DVN with a strong buy rating and lowers their DVN price target from $77.00 to $66.00, on Feb 23, 2023.
John Freeman, a top 1% analyst from Raymond James maintains DVN with a strong buy rating and lowers their DVN price target from $80.00 to $67.00, on Feb 22, 2023.
You can dig deeper into what analysts are projecting on the Devon Energy stock forecast page.
Last year, DVN earnings were $6.02B. During the past 5 year, DVN's earnings have gone up by 39.86% per year. This was slower than the Oil & Gas E&P industry average of 62.76%.
Last year, DVN revenue was $19.17B. During the last five year, DVN's revenue has grown by 24.14% per year. This was slower than the Oil & Gas E&P industry average of 33.78%.
You can research DVN's earnings and revenue performance here.
In the past year, insiders at DVN have sold more shares than they have bought.
Clay M. Gaspar, EVP and COO of DVN, was the latest DVN insider to buy. They bought $999,600.00 worth of DVN shares on Mar 14, 2023.
Research more about who owns DVN shares here.
Devon Energy pays a dividend of 10.52%, compared to the Oil & Gas E&P industry's average dividend yield of 5.28%. If you owned $1,000 of DVN stock, you would have received $105.24 in the past 12 months.
Devon Energy dividend payments have consistently grown over the past decade but have not remained stable.
Get more analysis about Devon Energy dividend yield and history here.
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Now that you own some DVN shares, you'll want to stay up-to-date on your shares.
Put DVN on a watchlist to track the most important metrics related to your DVN stock.
To summarize, here are the 6 steps for buying Devon Energy stock:
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