Is Devon Energy Corporation a great dividend growth stock?
Devon Energy (NYSE: DVN) is becoming an exceptional dividend growth stock. Devon had a breakout year in 2021, fueled by higher oil prices and its strategic combination with WPX Energy that closed early last year.
How did Devon Energy's stock perform in the latest trading session?
In the latest trading session, Devon Energy (DVN) closed at $60.37, marking a +1.33% move from the previous day. This move outpaced the S&P 500's daily gain of 1.21%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 0.14%. Coming into today, shares of the oil and gas exploration company had gained 6.74% in the past month.
What are Devon Energy's price targets for the next 12 months?
21 brokers have issued 1-year price targets for Devon Energy's shares. Their forecasts range from $14.00 to $42.00. On average, they expect Devon Energy's stock price to reach $30.37 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price.
Should you invest in Devon Energy Corporation (DVN)?
Here's why they're ideal options for investors who want to play the return of triple-digit oil prices. Devon Energy Corporation (NYSE:DVN) is a lesser known stock to retail investors, judging from the fact that 87% of shares are held by institutions.
Is Devon Energy a good stock to buy?
Out of 15 analysts, 7 (46.67%) are recommending DVN as a Strong Buy, 1 (6.67%) are recommending DVN as a Buy, 7 (46.67%) are recommending DVN as a Hold, 0 (0%) are recommending DVN as a Sell, and 0 (0%) are recommending DVN as a Strong Sell.
Is Devon Energy a Sell?
Devon Energy has received a consensus rating of Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.
Is Devon Energy undervalued?
Devon Energy Corporation - Hold Valuation metrics show that Devon Energy Corporation may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of DVN, demonstrate its potential to outperform the market. It currently has a Growth Score of A.
What is Devin stock price?
Performance OutlookPrevious Close60.37Day's Range61.08 - 62.7752 Week Range24.46 - 79.40Volume3,066,317Avg. Volume12,716,4343 more rows
Is Devon Energy a good long term investment?
Devon Energy is also cash rich. The company has generated cash flow growth of 19.2%, and is expected to report cash flow expansion of 246% in 2022. With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, DVN should be on investors' short lists.
How high will Devon Energy stock go?
Stock Price Forecast The 28 analysts offering 12-month price forecasts for Devon Energy Corp have a median target of 77.50, with a high estimate of 115.00 and a low estimate of 57.90.
Does Devon pay a dividend?
OKLAHOMA CITY, May 02, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today its board of directors declared a fixed-plus-variable dividend of $1.27 per share based on the company's first-quarter financial performance. This record payout represents a 27 percent increase from the previous quarter.
Are energy stocks going to increase?
Oil and gas prices are rising wildly in 2022, and they're unlikely to stop anytime soon. These high levels should bode well for these top energy stocks. It's been quite a year for energy stocks.
How much debt does Devon Energy have?
What Is Devon Energy's Debt? You can click the graphic below for the historical numbers, but it shows that Devon Energy had US$6.47b of debt in March 2022, down from US$7.27b, one year before. On the flip side, it has US$2.46b in cash leading to net debt of about US$4.01b.
Is Devon Energy in trouble?
Devon Energy is currently under evaluation in probability of bankruptcy category among related companies.
Who bought Devon Energy?
Canadian Natural Resources, Ltd.Devon completes the sale of its Canadian business to Canadian Natural Resources, Ltd., for US $2.8 billion. This move is part of the company's transformation to a U.S. oil growth company.
How do I buy Devon Energy stock?
How to buy shares in Devon Energy CorporationCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Should I buy or sell Devon Energy stock right now?
15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 6 hold rating...
What is Devon Energy's stock price forecast for 2022?
15 Wall Street analysts have issued 12-month price targets for Devon Energy's stock. Their forecasts range from $37.00 to $103.00. On average, they...
How has Devon Energy's stock price performed in 2022?
Devon Energy's stock was trading at $44.05 at the start of the year. Since then, DVN stock has increased by 68.1% and is now trading at $74.06. Vi...
When is Devon Energy's next earnings date?
Devon Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022. View our earnings forecast for Devon En...
How were Devon Energy's earnings last quarter?
Devon Energy Co. (NYSE:DVN) released its quarterly earnings results on Monday, May, 2nd. The energy company reported $1.88 earnings per share for t...
How often does Devon Energy pay dividends? What is the dividend yield for Devon Energy?
Devon Energy declared a quarterly dividend on Monday, May 2nd. Investors of record on Monday, June 13th will be paid a dividend of $1.27 per share...
Is Devon Energy a good dividend stock?
Devon Energy(NYSE:DVN) pays an annual dividend of $4.00 per share and currently has a dividend yield of 5.40%. DVN has a dividend yield higher than...
How will Devon Energy's stock buyback program work?
Devon Energy declared that its Board of Directors has authorized a stock repurchase plan on Monday, May 2nd 2022, which authorizes the company to b...
Who are Devon Energy's key executives?
Devon Energy's management team includes the following people: Mr. David A. Hager , Exec. Chairman (Age 65, Pay $2.68M) Mr. Richard E. Muncrief ,...
What is Devon Energy's dividend yield?
The current dividend yield for Devon Energy (NYSE:DVN) is 5.40%. Learn more on DVN's dividend yield history.
How much is Devon Energy's annual dividend?
The annual dividend for Devon Energy (NYSE:DVN) is $4.00. Learn more on DVN's annual dividend history.
How often does Devon Energy pay dividends?
Devon Energy (NYSE:DVN) pays quarterly dividends to shareholders.
When is Devon Energy's next dividend payment?
Devon Energy's next quarterly dividend payment of $1.27 per share will be made to shareholders on Thursday, June 30, 2022.
When was Devon Energy's most recent dividend payment?
Devon Energy's most recent quarterly dividend payment of $1.00 per share was made to shareholders on Thursday, March 31, 2022.
Is Devon Energy's dividend growing?
Over the past three years, Devon Energy's dividend has grown by an average of 79.80% per year.
What track record does Devon Energy have of raising its dividend?
Devon Energy (NYSE:DVN) has increased its dividend for the past 5 consecutive years.
When did Devon Energy last increase or decrease its dividend?
The most recent change in Devon Energy's dividend was an increase of $0.27 on Monday, May 2, 2022.
What is Devon Energy's dividend payout ratio?
The dividend payout ratio for DVN is: 75.05% based on the trailing year of earnings 44.05% based on this year's estimates 41.03% based on next y...
What is the trading name of Devon Energy?
When will Devon Energy release its earnings?
Devon Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "DVN."
What is the official website of Devon Energy?
Devon Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021. View our earnings forecast for Devon Energy.
What is the P/E ratio of Devon Energy?
The official website for Devon Energy is www.devonenergy.com.
How much does Devon Energy make?
The P/E ratio of Devon Energy is 25.57 , which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.44.
When will Devon Energy repurchase its stock?
Devon Energy has a market capitalization of $18.04 billion and generates $4.83 billion in revenue each year. The energy company earns $-2,680,000,000.00 in net income (profit) each year or ($0.09) on an earnings per share basis.
Is Marketbeat better than Devon Energy?
Devon Energy announced that its board has initiated a stock repurchase plan on Tuesday, November 2nd 2021, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.
Where is Devon Energy located?
What stocks does MarketBeat like better than Devon Energy? Wall Street analysts have given Devon Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains.
What happened to the S&P 500 in June?
Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base in spread throughout onshore North America with franchise development assets in the Stack and Delaware Basin. Other shale assets include acreage in the Eagle Ford, Powder River Basin, and Barnett. The company also holds oil sands operations in Alberta, Canada. At year-end 2018, Devon's proven reserves totaled 1,927 million barrels of oil equivalent with net production of 535 mboe/d. Oil and natural gas liquids made up 66% of production and 59% of proven reserves.
When is Devon Energy's next dividend payment?
During June, the S&P 500 tacked on 2.2%, while Technology stocks propelled the Nasdaq to a 5.5% gain and the Nasdaq 100 (QQQ) 6.3% higher. The S&P 400 fell 1.1% while the Russell 2000 (IWM) rose 1.9%. The NYSE and the Dow Industrials were flat in June while the Dow Transports lost 5.5%. Once again, the dispersion of returns among the 11 S&P sectors, as well as individual names, was very wide.
When did Devon Energy last increase or decrease its dividend?
Devon Energy's next quarterly dividend payment of $1.00 per share will be made to shareholders on Thursday, March 31, 2022.
Is Devon Energy's dividend growing?
The most recent change in Devon Energy's dividend was an increase of $0.16 on Tuesday, February 15, 2022.
Who broke down the market reaction to the rise in oil prices after OPEC?
Over the past three years, Devon Energy's dividend has grown by 556.67%.
Is it easy to trade energy?
Myles Udland, Brian Sozzi, and Julie Hyman break down the market reaction to the rise in oil prices after OPEC, and its oil-producing allies failed to reach an agreement on production policy.
