Significant Movers of Yesterday: Devon Energy Corporation (DVN), DTE Energy Company (DTE)

Devon-2018-Capital-Outlook-20180221

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -3.49%, and has a solid year to date (YTD) performance of -16.3% which means that the stock is constantly adding to its value from the previous fiscal year end price.

Several other institutional investors have also bought and sold shares of DVN. Devon Energy earned a news sentiment score of 0.26 on Accern's scale. Hgk Asset Management holds 1.93% in Devon Energy Corporation (NYSE:DVN) or 369,580 shares. FNY Managed Accounts LLC acquired a new position in shares of Devon Energy during the 3rd quarter worth $134,000. The Crestwood Advisors Llc holds 1,300 shares with $48,000 value, down from 28,000 last quarter. Energ Opportunities Capital Mngmt Ltd Liability Company accumulated 33,770 shares or 0.81% of the stock.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Finally, KLR Group cut Devon Energy from a "buy" rating to a "hold" rating and set a $49.00 price target for the company.in a research report on Tuesday, January 23rd. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since February 21, 2017 and is uptrending. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.

Basically, a price target is an individual analyst's projection on the future price of a stock. Stifel Nicolaus set a $68.00 price target on Devon Energy and gave the stock a "buy" rating in a report on Tuesday, January 30th. The company's outstanding shares are 179 Million. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Devon Energy Corporation had 125 analyst reports since July 21, 2015 according to SRatingsIntel. Comerica Natl Bank holds 0.05% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 177,231 shares.

DVN has price to earnings ratio of 11.59 and the price to current year EPS stands at 81.40%. The stock increased 0.31% or $0.1 during the last trading session, reaching $32.82.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Devon Energy wasn't one of them!


Devon Energy (NYSE:DVN) last issued its quarterly earnings results on Tuesday, February 20th. Comparatively, Devon Energy Corporation posted earnings of $0.61 per share in the same quarter previous year.

Devon Energy Corporation (NYSE:DVN) gross margin percentage stands at 86.9% while its operating margin for the past trailing twelve month is 15.9 percent and its overall profit margin (ttm) is 12 Percent. The institutional investor held 10,000 shares of the health care company at the end of 2017Q3, valued at $367,000, down from 31,300 at the end of the previous reported quarter.

Devon Energy Corporation (NYSE:DVN) reported its EPS in the last quarter as $0.46/Share beating the analyst estimate of $0.38/Share by a difference of $0.08.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Devon Energy Corporation's dividend has Mar 15, 2018 as record date. Aqr Cap Mgmt Limited reported 0.27% of its portfolio in Devon Energy Corporation (NYSE:DVN). Devon Energy's dividend payout ratio (DPR) is presently 8.16%. The company has market cap of $17.25 billion. The returns on investment very popular metric among passive investors, it stands at -18.60%, when it lies in positive figure than security is feasible for investment or goes for higher ROI stocks. Earnings per share serves as an indicator of a company's profitability. If you are accessing this report on another publication, it was stolen and republished in violation of United States & global copyright & trademark laws.

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada.

The first factor driving the underperformance was that 50 wells operated by partners in the STACK shale play didn't come online when Devon expected.

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