Devon Energy Corporation (NYSE:DVN) had its price target increased by Barclays PLC from $35.00 to $38.00 in a research report sent to investors on Monday morning. Barclays PLC currently has an overweight rating on the energy company’s stock.

DVN has been the topic of a number of other research reports. Stifel Nicolaus restated a buy rating and set a $67.00 price target on shares of Devon Energy Corporation in a report on Sunday, September 3rd. BMO Capital Markets set a $45.00 price target on shares of Devon Energy Corporation and gave the company a buy rating in a report on Tuesday, October 10th. BidaskClub downgraded shares of Devon Energy Corporation from a sell rating to a strong sell rating in a report on Saturday, August 19th. Cowen and Company restated a buy rating and set a $40.00 price target on shares of Devon Energy Corporation in a report on Thursday, September 28th. Finally, Jefferies Group LLC upgraded shares of Devon Energy Corporation from a hold rating to a buy rating and set a $43.00 price target on the stock in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. Devon Energy Corporation currently has an average rating of Buy and an average price target of $46.06.

Shares of Devon Energy Corporation (DVN) opened at $37.99 on Monday. The stock has a market cap of $19,713.75, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 1.17 and a beta of 2.22. Devon Energy Corporation has a 52 week low of $28.79 and a 52 week high of $50.69. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.63 and a current ratio of 1.63.

Devon Energy Corporation (NYSE:DVN) last released its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.07. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.13 billion. Devon Energy Corporation had a net margin of 11.62% and a return on equity of 6.88%. Devon Energy Corporation’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 EPS. equities research analysts expect that Devon Energy Corporation will post 1.76 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.63%. Devon Energy Corporation’s payout ratio is 8.19%.

Large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Devon Energy Corporation by 4.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,953,530 shares of the energy company’s stock worth $62,455,000 after purchasing an additional 87,912 shares during the period. Caymus Capital Partners L.P. bought a new position in shares of Devon Energy Corporation during the 2nd quarter worth about $16,164,000. TVR Capital Management LP increased its holdings in shares of Devon Energy Corporation by 121.8% during the 2nd quarter. TVR Capital Management LP now owns 240,000 shares of the energy company’s stock worth $7,673,000 after purchasing an additional 131,806 shares during the period. Bridgewater Associates LP increased its holdings in shares of Devon Energy Corporation by 54.4% during the 2nd quarter. Bridgewater Associates LP now owns 880,996 shares of the energy company’s stock worth $28,165,000 after purchasing an additional 310,222 shares during the period. Finally, Blume Capital Management Inc. increased its holdings in shares of Devon Energy Corporation by 4.4% during the 2nd quarter. Blume Capital Management Inc. now owns 120,130 shares of the energy company’s stock worth $3,841,000 after purchasing an additional 5,019 shares during the period. Institutional investors own 77.13% of the company’s stock.

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).

Analyst Recommendations for Devon Energy Corporation (NYSE:DVN)

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