Media headlines about Devon Energy (NYSE:DVN) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Devon Energy earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the energy company an impact score of 46.8633469525991 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
Shares of Devon Energy (NYSE:DVN) opened at $38.00 on Tuesday. The firm has a market cap of $21,015.75, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.97 and a beta of 2.10. Devon Energy has a 52-week low of $28.79 and a 52-week high of $47.25. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Wednesday, March 14th. Devon Energy’s dividend payout ratio (DPR) is 8.19%.
A number of analysts have recently commented on DVN shares. Cowen set a $40.00 price objective on shares of Devon Energy and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Stifel Nicolaus set a $68.00 target price on shares of Devon Energy and gave the stock a “buy” rating in a report on Tuesday, January 30th. Credit Suisse Group set a $50.00 price objective on shares of Devon Energy and gave the company a “buy” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Piper Jaffray Companies reiterated a “hold” rating and issued a $42.00 price objective on shares of Devon Energy in a report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded shares of Devon Energy from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Devon Energy has a consensus rating of “Buy” and a consensus price target of $47.72.
In other news, EVP Lyndon C. Taylor sold 12,798 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.29, for a total transaction of $490,035.42. Following the completion of the sale, the executive vice president now owns 67,900 shares of the company’s stock, valued at approximately $2,599,891. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.51% of the company’s stock.
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About Devon Energy
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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