News coverage about Devon Energy (NYSE:DVN) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Devon Energy earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 46.1462157959775 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Several research firms recently weighed in on DVN. Citigroup reiterated a “buy” rating and issued a $44.00 price target on shares of Devon Energy in a report on Tuesday, November 28th. Scotiabank set a $50.00 price target on shares of Devon Energy and gave the company a “buy” rating in a report on Saturday, November 25th. Piper Jaffray Companies restated a “hold” rating and set a $38.00 target price on shares of Devon Energy in a report on Friday, November 24th. Barclays boosted their target price on shares of Devon Energy from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Finally, Stephens upgraded shares of Devon Energy from an “equal weight” rating to an “overweight” rating and set a $53.00 target price on the stock in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Devon Energy presently has a consensus rating of “Buy” and an average price target of $46.56.
Devon Energy (DVN) opened at $38.64 on Tuesday. Devon Energy has a 52-week low of $28.79 and a 52-week high of $50.69. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $20,391.00, a PE ratio of 26.60, a PEG ratio of 1.22 and a beta of 2.21.
Devon Energy (NYSE:DVN) last issued its earnings results on Tuesday, October 31st. The energy company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. Devon Energy had a return on equity of 6.88% and a net margin of 11.62%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. Devon Energy’s revenue was up 9.5% on a year-over-year basis. research analysts expect that Devon Energy will post 1.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Wednesday, March 14th. Devon Energy’s dividend payout ratio (DPR) is 8.19%.
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Devon Energy Company Profile
Devon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company’s segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs).
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