40.55 0.00 (0.00%)
After hours: 5:15PM EDT
|Bid||40.30 x 4000|
|Ask||40.80 x 4000|
|Day's range||40.02 - 40.92|
|52-week range||29.83 - 46.54|
|PE ratio (TTM)||N/A|
|Earnings date||29 Oct 2018 - 2 Nov 2018|
|Forward dividend & yield||0.32 (0.78%)|
|1y target est||51.33|
Sep.06 -- In this week's "Commodity in Chief," Bloomberg's Alix Steel talks with Dave Hager, the chief executive officer of Devon Energy. They discuss the company's success in the Delaware Basin and Devon's blueprint for growth.
Sep.06 -- Commodities are feeling the pain as the emerging-market currency crisis and increasing trade tensions weigh on global markets. Philip Verleger, president of PK Verleger, and Energy Word founder Dan Dicker speak with Bloomberg's Alix Steel about the risks to the global oil market and why EM contagion fears are keeping investors up at night.
Sep.05 -- Devon Energy Corp. Chief Executive Officer David Hager discusses oil demand, U.S.-China trade tensions, returning cash to shareholders and the need for consolidation in the Permian Basin. He talks with Bloomberg’s Alix Steel from Barclays CEO Power and Energy Conference in New York.
SandRidge Energy (SD), a natural gas–weighted E&P company focused in the Mid-Continent and Niobrara Shale regions, was the weakest upstream stock in the week ending September 14. SandRidge Energy fell 22.7% last week. SandRidge Energy saw a massive fall last week following the announcement about ending the strategic review related to various takeover bids. Bill Griffin, SandRidge Energy’s CEO, said, “What we found through our comprehensive and thorough process was a significant disconnect between the intrinsic value of SandRidge and the bidders’ perception of the Company.”
Devon Energy Corp. (DVN) announced today the completion of its initial accelerated share repurchase (“ASR”) program that commenced in early August. The ASR program was completed as part of the company’s $4 billion share repurchase authorization expiring at the end of 2019. To date, Devon has repurchased approximately 50 million shares under the authorization at a total cost of $2 billion, with an average share purchase price of $41.
Devon Energy Corp. announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the fourth quarter of 2018. The dividend is payable on Dec.
Devon Energy (DVN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
With pipeline constraints stalling growth, several oil producers are starting to shift their focus to this emerging oil play.
Diamondback Energy (FANG) took the acquisition route to expand market reach in the Permian play, while ConocoPhillips (COP) secured a payout from Venezuela.
Investing.com - Beaten-down individual stocks continued to benefit from a low-volume August week, with Twitter climbing sharply midday.
Devon's (DVN) decision to monetize non-core assets is likely to help lower its debts as well as add shareholder value through share buyback and dividend hike.
Devon Energy Corp. (DVN) announced today it has entered into a definitive agreement to sell 9,600 net acres of non-core Delaware Basin acreage in Ward and Reeves County to Carrizo Oil and Gas for $215 million. The transaction is expected to close in the fourth quarter of 2018, subject to customary terms and conditions. With this transaction, total proceeds from Devon’s divestiture program have now reached $4.4 billion.
Devon Energy Corp. (DVN) announced today that management will present at the Barclays CEO Energy-Power Conference in New York at 10:25 a.m. ET on Wednesday, Sept. 5, 2018. The presentation will be available to the public via webcast. The presentation will include forward-looking information.
Investing.com - Facebook (NASDAQ:FB) rose sharply in midday trading, while energy stocks also gained. But real estate stocks struggled on interest-rate concerns.
As oil prices rose in the second quarter of 2018, one would expect shale companies to make a killing, but many of them didn’t benefit as much as expected because of stringent production hedges
On August 1, the EIA (U.S. Energy Information Administration) released its oil inventory report. The EIA reported that US crude oil inventories increased by 3.8 MMbbls (million barrels) to 408.7 MMbbls on July 20–27. However, the inventories decreased 15.2% YoY (year-over-year). A Reuters survey estimated that US crude oil inventories could have fallen by 2.8 MMbbls on July 20–27.
In Q1 2018, 195 funds bought Southwestern Energy (SWN) stock, which means they either created new positions or added to existing positions. In the same quarter, 165 funds were “sellers,” and either closed their entire position or reduced existing positions in SWN stock. That means that in Q1 2018, total buying funds outnumbered selling funds by 33. As of March 31, 345 funds that filed the form 13F held SWN in their portfolio. Four of these funds had SWN in their top ten holdings.
Despite increase in total production, Devon's (DVN) Q2 earnings and revenues are lower than expected, primarily due to surge in total expenses.
As of July 25, Southwestern Energy (SWN) had an implied volatility of ~50.0%, which is lower when compared with its implied volatility of ~50.9% at the end of the second quarter of 2018.
ConocoPhillips announced its second-quarter earnings on July 26 before the market opened. In the second quarter, ConocoPhillips reported revenues of ~$9.24 billion—lower than analysts’ consensus of ~$9.93 billion. The company reported an adjusted profit of $1.09 per share, which beat analysts’ consensus for a profit of $1.08 per share.
Devon Energy (DVN) announced its Q2 2018 earnings yesterday after the market closed. It missed adjusted EPS estimates by $0.02 in Q2 2018. DVN reported an adjusted profit of $0.34 per share, whereas the Wall Street analyst consensus was for a profit of $0.36 per share. On a year-over-year basis, Devon Energy’s Q2 2018 adjusted EPS are the same as the Q2 2017 adjusted EPS of $0.34. Sequentially, DVN’s Q2 2018 adjusted EPS are higher than the $0.20 in Q1 2018.