Devon Energy Corporation (DVN) Receives Media Impact Score of 0.06
News coverage about Devon Energy Corporation (NYSE:DVN) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Devon Energy Corporation earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 47.1521590055209 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- 5 Big Gainers In Oil & Gas This Week (finance.yahoo.com)
- Oil at 4-Month High on Plunging Fuel Supplies, OPEC Talks – Yahoo News (finance.yahoo.com)
- Devon Energy : Texas Oil Production Restored After Hurricane (4-traders.com)
- Crude Oil And Why The Correlation To The Dollar Is A Farce – Seeking Alpha (seekingalpha.com)
- Devon Energy uses Microsoft 365 to maximize productivity in a commodity business (blogs.office.com)
Devon Energy Corporation (NYSE:DVN) traded up 1.22% during midday trading on Friday, reaching $35.78. 4,734,876 shares of the company’s stock were exchanged. Devon Energy Corporation has a 12 month low of $28.79 and a 12 month high of $50.69. The company has a 50 day moving average price of $31.92 and a 200 day moving average price of $35.28. The company has a market cap of $18.81 billion, a P/E ratio of 8.10 and a beta of 2.18.
Devon Energy Corporation (NYSE:DVN) last posted its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Devon Energy Corporation had a return on equity of 5.36% and a net margin of 16.07%. The company’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS. On average, equities analysts anticipate that Devon Energy Corporation will post $1.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, December 14th. Devon Energy Corporation’s payout ratio is 5.47%.
A number of equities analysts have recently commented on the stock. Scotiabank set a $49.00 price target on shares of Devon Energy Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. BMO Capital Markets lifted their price target on shares of Devon Energy Corporation from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of Devon Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Sanford C. Bernstein downgraded shares of Devon Energy Corporation from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $54.00 to $33.00 in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $43.00 price objective on shares of Devon Energy Corporation in a research note on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.61.
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In other Devon Energy Corporation news, Director Robert H. Henry sold 7,045 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $33.35, for a total transaction of $234,950.75. Following the transaction, the director now owns 11,338 shares in the company, valued at approximately $378,122.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.98% of the stock is owned by company insiders.
Devon Energy Corporation Company Profile
Devon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company’s segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs).
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