Devon Energy Corp (NYSE:DVN) – Equities research analysts at Seaport Global Securities issued their Q2 2019 EPS estimates for shares of Devon Energy in a report issued on Monday, May 6th. Seaport Global Securities analyst J. Aschenbeck forecasts that the energy company will post earnings per share of $0.34 for the quarter. Seaport Global Securities also issued estimates for Devon Energy’s Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.43 EPS, Q1 2020 earnings at $0.37 EPS, Q2 2020 earnings at $0.40 EPS, Q3 2020 earnings at $0.47 EPS, Q4 2020 earnings at $0.50 EPS and FY2020 earnings at $1.74 EPS.
Devon Energy (NYSE:DVN) last released its quarterly earnings data on Tuesday, April 30th. The energy company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. Devon Energy had a return on equity of 7.12% and a net margin of 29.33%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company posted $0.20 earnings per share.
NYSE:DVN opened at $31.25 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.37 and a current ratio of 1.37. Devon Energy has a 12 month low of $20.37 and a 12 month high of $46.54. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 0.89 and a beta of 2.23.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.15%. This is a positive change from Devon Energy’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, June 13th. Devon Energy’s payout ratio is presently 24.81%.
In other Devon Energy news, Director Robert H. Henry bought 11,651 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were acquired at an average cost of $30.01 per share, with a total value of $349,646.51. Following the completion of the transaction, the director now owns 21,355 shares in the company, valued at $640,863.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Winslow Evans & Crocker Inc. acquired a new position in Devon Energy in the fourth quarter worth about $26,000. Lindbrook Capital LLC acquired a new position in Devon Energy in the fourth quarter worth about $26,000. Meeder Asset Management Inc. grew its stake in Devon Energy by 94.6% in the first quarter. Meeder Asset Management Inc. now owns 823 shares of the energy company’s stock worth $26,000 after purchasing an additional 400 shares in the last quarter. Duncker Streett & Co. Inc. grew its stake in Devon Energy by 40.5% in the fourth quarter. Duncker Streett & Co. Inc. now owns 1,600 shares of the energy company’s stock worth $36,000 after purchasing an additional 461 shares in the last quarter. Finally, Lavaca Capital LLC grew its stake in Devon Energy by 566.0% in the first quarter. Lavaca Capital LLC now owns 1,332 shares of the energy company’s stock worth $42,000 after purchasing an additional 1,132 shares in the last quarter. 92.12% of the stock is currently owned by institutional investors and hedge funds.
Devon Energy Company Profile
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. It operates approximately 12,900 gross wells. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
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