Devon Energy (DVN) to Release Earnings on Tuesday

Devon Energy (NYSE:DVN) will issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $1.30 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Devon Energy Trading Down 5.0 %

Shares of DVN opened at $42.79 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.97 and a current ratio of 1.04. Devon Energy has a 52-week low of $40.47 and a 52-week high of $55.09. The firm has a market cap of $27.04 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 0.75 and a beta of 2.07. The business’s fifty day moving average is $46.83 and its 200-day moving average is $47.25.

Insider Buying and Selling at Devon Energy

In related news, EVP Tana K. Cashion sold 20,000 shares of Devon Energy stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $51.04, for a total transaction of $1,020,800.00. Following the completion of the transaction, the executive vice president now owns 104,182 shares of the company’s stock, valued at $5,317,449.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Citigroup boosted their target price on Devon Energy from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Scotiabank dropped their price objective on shares of Devon Energy from $67.00 to $60.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Piper Sandler raised their target price on shares of Devon Energy from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, May 14th. Barclays initiated coverage on shares of Devon Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $59.00 price target for the company. Finally, Wolfe Research assumed coverage on Devon Energy in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.13.

About Devon Energy

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.