Previous close | 48.37 |
Open | 47.50 |
Bid | 49.14 x 1000 |
Ask | 0.00 x 800 |
Day's range | 47.41 - 49.03 |
52-week range | 44.03 - 79.40 |
Volume | |
Avg. volume | 8,934,282 |
Market cap | 31.411B |
Beta (5Y monthly) | 2.36 |
PE ratio (TTM) | 5.34 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 4.51 (9.21%) |
Ex-dividend date | 14 Jun 2023 |
1y target est | N/A |
Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Devon Energy (NYSE: DVN) and Pioneer Natural Resources (NYSE: PXD) are different breeds of dividend stocks. The oil companies pay fixed base quarterly dividends like most other dividend stocks. On top of that, they both pay variable dividends based on the oil-fueled free cash flow.
Falling crude oil and natural gas prices, rising interest rates, and broader fears of a slowdown have hit share prices, offering investors a great opportunity to park some money in promising stocks, especially ones that also pay big dividends. Devon Energy (NYSE: DVN) and NextEra Energy (NYSE: NEE) are top contenders, with both stocks losing ground in recent months. George Budwell (Devon Energy): Devon Energy is an Oklahoma-based energy company specializing in U.S. onshore drilling.
Oil prices cratered during the early days of the pandemic, taking oil stocks with them. Crude prices and oil stocks have cooled off over the past several months on macroeconomic concerns. Three that stand out are Devon Energy (NYSE: DVN), Occidental Petroleum (NYSE: OXY), and Marathon Oil (NYSE: MRO).
Oil prices have gone on a wild ride since Russia invaded Ukraine. Reuben Gregg Brewer (Enbridge): Oil prices are notoriously volatile and there's nothing that any oil producer can do about that or its impact on top- and bottom-line performance.
Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Devon Energy isn't a bad energy stock, but it does come with a bit more risk than its larger and more diversified peers.
This dividend stock offers an ultra-high yield of 9.1% -- and Wall Street thinks the stock can soar 32% higher. The average analysts' 12-month price target for Devon Energy (NYSE: DVN) reflects an upside potential of close to 32%. The stock has fallen around 20% so far in 2023 due to declining oil prices.
Oil prices have gone on a roller-coaster ride this year. The firm recently released its May report, which noted that global oil demand is stronger than expected. With expectations for muted supply, oil prices could heat up this summer, which would be a boon for oil stocks.
After a rough 2022, the S&P 500 is up 7% year to date. Enphase Energy (NASDAQ: ENPH), 3M (NYSE: MMM), and Devon Energy (NYSE: DVN) are among those beaten-down names, but there are reasons to be optimistic that their rebounds are coming. Weak guidance, supply chain issues, and adverse regulatory impacts have combined to make Enphase one of the worst performers in the S&P 500 in 2023, with a year-to-date decline of about 40%.
Devon Energy (DVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The company's management team believes the sell-off has the stock trading at a very attractive price. Here's what the company is doing to take advantage of this opportunity. Devon Energy launched a unique capital return strategy in 2021.
Here is your Pro Recap of the biggest share-buyback announcements you may have missed last week: repurchases at Airbnb, Devon Energy , Valvoline, and Old Republic. Airbnb (NASDAQ:ABNB) announced a $2.5B stock buyback program, as InvestingPro reported in real time. Shares dropped more than 10% on Wednesday and closed the week with a 12% loss after the company reported its Q1 results.
In early 2021, Devon Energy (NYSE: DVN) launched the oil industry's first fixed-plus variable dividend framework. It paid a fixed base quarterly dividend that it routinely increased. In addition, Devon pays a variable dividend of up to 50% of its remaining excess cash flow.
ExxonMobil (NYSE: XOM) has a 3.3% dividend yield today, which simply pales in comparison to Devon Energy's (NYSE: DVN) massive 9.1% yield. If all you did was look at dividend yield, you'd jump on Devon in a heartbeat. Devon Energy is an onshore U.S. oil and natural gas producer.
Devon Energy (NYSE: DVN) launched the oil industry's first fixed-plus variable dividend framework a few years ago. It has also made variable dividend payments that have varied considerably from quarter to quarter. Devon Energy recently declared its latest dividend based on its first-quarter results, which it will pay in the current quarter.
Also joining me on the call today are Rick Muncrief, our president and CEO; Clay Gaspar, our chief operating officer; Jeff Ritenour, our chief financial officer; and a few other members of our senior management team. Thank you, Scott.
Devon Energy's (DVN) first-quarter 2023 earnings outpace estimates, while revenues miss the same.
Although the revenue and EPS for Devon Energy (DVN) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Devon Energy (DVN) delivered earnings and revenue surprises of 5.04% and 2.65%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
For example, the median household income in the U.S. was $70,784 in 2021, according to the U.S. Census Bureau. Generating that much money will require a significant amount of money in your retirement account. Invest $500,000 in these seven high-yield dividend stocks.
In the current economic climate, it's clear that growth stocks have fallen out of favor. Devon's variable dividend, which allows for 50% of the company's cash flows to be paid out to investors, complements the fixed dividend.
Devon Energy's (DVN) first-quarter earnings are likely to have gained from high-quality assets and strong cash flow.