Devon Energy Corp. (DVN) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Devon Energy Schedules First-Quarter 2024 Earnings Release and Conference Call.

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Stocks Info

Devon Energy Corp. is listed on the NYSE in the Energy sector while operating in the Oil & Gas E&P industry. The current market capitalization of Devon Energy Corp. is $31.86B. A total of 9.25 million shares were traded on the day, compared to an average of 8.18M shares.

In the most recent transaction, Muncrief Richard E bought 15,000 shares of DVN for 44.42 per share on Mar 04 ’24. After the transaction, the President and CEO now owns 1,973,006 company shares. In a previous transaction on Aug 04 ’23, CAMERON DENNIS C sold 7,870 shares at 51.13 per share. DVN shares that EVP and General Counsel owns now total 210,548.

Among the insiders who sold shares, CAMERON DENNIS C disposed of 8,292 shares on May 05 ’23 at a per-share price of $49.97. This resulted in the EVP and General Counsel holding 218,418 shares of DVN after the transaction.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Devon Energy Corp. pays an annual dividend of $0.82, resulting in a dividend yield of 1.63%, and it has a price to earnings (P/E) ratio of 8.61. DVN’s most recent ex-dividend date was 3/14/2024 when it declared a $0.44 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The DVN stock dividend was $0.77 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, DVN has a high of $54.33 and a low of $40.28.

As of this writing, DVN has an earnings estimate of $1.06 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $1.18 per share and a lower estimate of $0.87. The company reported an EPS of $1.65 in the last quarter, which was 5.10% higher than expectations of $1.57.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. DVN’s latest balance sheet shows that the firm has $2.10B in Cash & Short Term Investments as of fiscal 2021. There were $6.73B in debt and $3.09B in liabilities at the time. Its Book Value Per Share was $18.97, while its Total Shareholder’s Equity was $9.40B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DVN is Buy with a score of 4.18.

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