Press coverage about Devon Energy Corporation (NYSE:DVN) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Devon Energy Corporation earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the energy company an impact score of 47.1821513420193 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Devon’s Footprint In The Best Unconventional Play In The World (seekingalpha.com)
- Pioneer Natural Resources Stock: What Implied Volatility Tells You (finance.yahoo.com)
- Factors Causing EOG Resources’ Revenues to Trend Upward (finance.yahoo.com)
- Capital One Financial Corporation Weighs in on Devon Energy Corporation’s Q4 2017 Earnings (DVN) (americanbankingnews.com)
- Devon Energy restarts drilling in Eagle Ford (ogj.com)
Shares of Devon Energy Corporation (NYSE DVN) traded up 1.08% during mid-day trading on Monday, reaching $31.81. 3,862,738 shares of the company’s stock traded hands. The stock has a market cap of $16.72 billion, a PE ratio of 7.20 and a beta of 2.18. The firm has a 50 day moving average price of $31.83 and a 200-day moving average price of $35.74. Devon Energy Corporation has a 12 month low of $28.79 and a 12 month high of $50.69.
Devon Energy Corporation (NYSE:DVN) last issued its earnings results on Tuesday, August 1st. The energy company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Devon Energy Corporation had a net margin of 16.07% and a return on equity of 5.36%. The business’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. On average, analysts predict that Devon Energy Corporation will post $1.74 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $35.00 price objective (up previously from $31.00) on shares of Devon Energy Corporation in a research report on Wednesday, August 9th. Scotiabank set a $49.00 price objective on shares of Devon Energy Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. Cowen and Company reaffirmed a “buy” rating and set a $37.00 price objective on shares of Devon Energy Corporation in a research report on Tuesday, August 22nd. BidaskClub lowered shares of Devon Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price objective on shares of Devon Energy Corporation in a research report on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Devon Energy Corporation has an average rating of “Buy” and an average target price of $46.27.
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In other news, Director Robert H. Henry sold 7,045 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $33.35, for a total value of $234,950.75. Following the completion of the transaction, the director now directly owns 11,338 shares in the company, valued at approximately $378,122.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is currently owned by 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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