Sign In  |  Register  |  About San Rafael  |  Contact Us

San Rafael, CA
September 01, 2020 1:37pm
7-Day Forecast | Traffic
  • Search Hotels in San Rafael

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Stock Update (NYSE:DVN): Devon Energy Reports First-Quarter 2016 Results

[Business Wire] – Devon Energy Corp. today reported operational and financial results for the first quarter of 2016 and provided guidance for the second quarter and full-year 2016. Read more on this. Devon Energy Corporation (DVN) , with a current market cap of $17.16B, began trading this morning at $33.79. Looking at today’s market, DVN one day range is $32.40 to $33.98 with a one year range of $18.07 to $70.48. DVN shares are currently priced at -26.38x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 3.39x forward p/e ratio. And for income investors, the company pays shareholders $0.24 per share annually in dividends, yielding 0.69%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $-0.64 per share, which would be $0.22 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-1.31 which would be a $3.83 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.57 Billion. If realized, that would be a 21.17% decrease over the year-ago quarter. Recently, Wunderlich Initiated DVN at Buy (Apr 27, 2016). Previously, Morgan Stanley upgraded DVN from Equal-Weight to Overweight. The average price target for DVN shares is $34.95, which is 3.43% above where the stock opened this morning. See more in (NYSE:DVN) Similar Articles: Market Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy to Report First-Quarter 2016 Results May 3; Conference Call Scheduled for May 4 Stock Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy Corporation Announces Offering of Common Stock Company Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy to Report Fourth-Quarter and Full-Year 2015 Results Feb. 16; Conference Call Scheduled for Feb. 17
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanRafael.com & California Media Partners, LLC. All rights reserved.