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. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
IPO Year: 1985
Exchange: NYSE
Website: devonenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/7/2024 | $49.00 → $43.00 | Buy → Hold | Truist |
| 10/3/2024 | $45.00 | Hold | Jefferies |
| 7/18/2024 | Peer Perform | Wolfe Research | |
| 4/10/2024 | $59.00 | Equal Weight | Barclays |
| 4/1/2024 | $46.00 → $59.00 | Equal Weight → Overweight | Wells Fargo |
| 12/11/2023 | $48.00 → $52.00 | Equal-Weight → Overweight | Morgan Stanley |
| 12/6/2023 | $57.00 → $58.00 | Neutral → Overweight | JP Morgan |
| 11/9/2023 | Neutral → Outperform | Pickering Energy Partners | |
| 10/17/2023 | $48.00 | Outperform → Mkt Perform | Bernstein |
| 6/13/2023 | $63.00 → $58.00 | Neutral → Buy | Goldman |
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4 - DEVON ENERGY CORP/DE (0001090012) (Issuer)
4 - DEVON ENERGY CORP/DE (0001090012) (Issuer)
4 - DEVON ENERGY CORP/DE (0001090012) (Issuer)
4 - DEVON ENERGY CORP/DE (0001090012) (Issuer)
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OKLAHOMA CITY, June 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that the company's board of directors has appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon's board in 2014 following his retirement from Chevron's executive team. He currently chairs the board's reserves committee while also serving on the board's compensation committee. Bethancourt succeeds Barbara Baumann, who will remain on the board and join the compensation committee and governance, environmental, and public policy committee. Baumann was recently named chair of the independent board of trustees of the Putnam Mutual Funds, effecti
OKLAHOMA CITY, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that Michael Mears and Gennifer Kelly have joined its board of directors. Michael Mears is the former chairman, president and CEO of Magellan Midstream Partners. Gennifer Kelly previously held the role of chief operating officer and SVP of Western Midstream Partners. "I am excited about the opportunity to work closely with Michael and Gennifer," said Rick Muncrief, president and CEO. "Their industry insights and proven leadership will be invaluable for Devon as we continue to build long-term shareholder value." "Michael and Gennifer will bring a diverse range of perspectives and backgrounds to
OKLAHOMA CITY and TULSA, Okla., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the successful completion of their previously announced all-stock merger of equals, creating a leading energy producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin. The combined company will operate under the name Devon Energy and be headquartered in Oklahoma City. “This transformational merger enhances the scale of our operations, builds a dominant position in the Delaware Basin and accelerates our cash-return business model that prioritizes free cas
OKLAHOMA CITY, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2021. The dividend is payable on March 31, 2021, at a rate of $0.11 per share based on a record date of March 15, 2021. About Devon EnergyDevon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and included in the S&P 500, Devon operates in several of the most prolific oil and natural gas plays in the U.S. with an emphasis on achieving strong returns and capital-efficient cash-flow growth. For more informati
OKLAHOMA CITY, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today reported financial and operational results for the third-quarter 2024. The company also declared its quarterly dividend and provided an updated 2024 outlook. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's third-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, Nov. 6, 2024, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a l
OKLAHOMA CITY, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report third-quarter 2024 results on Tuesday, Nov. 5, after the close of U.S. financial markets. The earnings release and presentation for the third-quarter 2024 results will be available on the company's website at www.devonenergy.com. On Wednesday, Nov. 6, the company will hold a conference call at 10 a.m. CST (11 a.m. EST), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon's website at www.devonenergy.com. A replay will be available on the website following the call. ABOUT DEVON ENERGY D
OKLAHOMA CITY, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today reported financial and operational results for the second-quarter 2024. The company also declared its quarterly dividend and provided an updated 2024 outlook. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's second-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Wednesday, Aug. 7, 2024, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a lea
AUSTIN, Texas, July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation agreements with predominantly investment grade shippers, including, but not limited to, Devon Energy, Corp. (NYSE:DVN), Diamondback Energy, Inc. (NYSE:FANG), Marathon Petroleum Corp. (NYSE:MPC), and Targa Resources Corp. I Squared owns WhiteWater's stake in
OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) -- Devon Energy (NYSE:DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion of stock to the sellers. The transaction is subject to customary terms and conditions, including various purchase price adjustments, and is expected to close by the end of the third quarter of 2024, with an effective date of June 1, 2024. "The acquisition of Grayson Mill is an excellent strategic fit for Devon that allows us to efficiently expand our oil production and operating scale while captur
OKLAHOMA CITY, June 25, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report second-quarter 2024 results on Tuesday, Aug. 6, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2024 results will be available on the company's website at www.devonenergy.com. On Wednesday, Aug. 7, the company will hold a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon's website at www.devonenergy.com. A replay will be available on the website following the
OKLAHOMA CITY, May 01, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today reported financial and operational results for the first-quarter 2024. The company also declared its quarterly dividend and provided an updated outlook for 2024. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's first-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Thursday, May 2, 2024, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a leading oi
OKLAHOMA CITY, March 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report first-quarter 2024 results on Wednesday, May 1, after the close of U.S. financial markets. The earnings release and presentation for the first-quarter 2024 results will be available on the company's website at www.devonenergy.com. On Thursday, May 2, the company will hold a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon's website at www.devonenergy.com. A replay will be available on the website following the call.
OKLAHOMA CITY, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today reported financial and operational results for the fourth-quarter and full-year 2023. The company also declared its quarterly dividend and provided an outlook for 2024. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's fourth-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Wednesday, Feb. 28, 2024, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is
OKLAHOMA CITY, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report fourth-quarter and full-year 2023 results on Tuesday, Feb. 27, after the close of U.S. financial markets. The earnings release and presentation for the fourth-quarter and full-year 2023 results will be available on the company's website at www.devonenergy.com. On Wednesday, Feb. 28, the company will hold a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon's website at www.devonenergy.com. A replay will be available
OKLAHOMA CITY, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today reported financial and operational results for the third-quarter 2024. The company also declared its quarterly dividend and provided an updated 2024 outlook. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's third-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, Nov. 6, 2024, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a l
OKLAHOMA CITY, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced that it has completed its previously announced acquisition of Grayson Mill Energy, for a transaction valued at $5 billion before giving effect to purchase price adjustments. The acquisition adds a high-margin production mix that enhances Devon's position as one of the largest producers in the U.S. The transaction transforms the company's Williston Basin business, with the addition of 307,000 net acres, 500 undrilled gross locations and 300 high-quality refrac candidates. "We are excited to announce the completion of our acquisition of Grayson Mill Energy. This strategic transaction is an excel
OKLAHOMA CITY, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report third-quarter 2024 results on Tuesday, Nov. 5, after the close of U.S. financial markets. The earnings release and presentation for the third-quarter 2024 results will be available on the company's website at www.devonenergy.com. On Wednesday, Nov. 6, the company will hold a conference call at 10 a.m. CST (11 a.m. EST), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon's website at www.devonenergy.com. A replay will be available on the website following the call. ABOUT DEVON ENERGY D
OKLAHOMA CITY, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today reported financial and operational results for the second-quarter 2024. The company also declared its quarterly dividend and provided an updated 2024 outlook. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's second-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Wednesday, Aug. 7, 2024, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a lea
AUSTIN, Texas, July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation agreements with predominantly investment grade shippers, including, but not limited to, Devon Energy, Corp. (NYSE:DVN), Diamondback Energy, Inc. (NYSE:FANG), Marathon Petroleum Corp. (NYSE:MPC), and Targa Resources Corp. I Squared owns WhiteWater's stake in
OKLAHOMA CITY, July 25, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN), a leading U.S. independent oil and natural gas producer, today announced the release of its 2024 Sustainability Report. The report highlights the company's efforts to deliver industry-leading results while being a good neighbor, valued community partner, responsible environmental steward and supportive employer. "Integrating sustainable business practices into our core strategy is not just beneficial—it's essential for our future," said Rick Muncrief, president and CEO. "As global demand for energy continues to increase, we will answer that call by producing affordable, accessible, reliable energy in a safe,
OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) -- Devon Energy (NYSE:DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion of stock to the sellers. The transaction is subject to customary terms and conditions, including various purchase price adjustments, and is expected to close by the end of the third quarter of 2024, with an effective date of June 1, 2024. "The acquisition of Grayson Mill is an excellent strategic fit for Devon that allows us to efficiently expand our oil production and operating scale while captur
OKLAHOMA CITY, June 25, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report second-quarter 2024 results on Tuesday, Aug. 6, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2024 results will be available on the company's website at www.devonenergy.com. On Wednesday, Aug. 7, the company will hold a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon's website at www.devonenergy.com. A replay will be available on the website following the
VANCOUVER, BC, June 6, 2024 /PRNewswire/ - LiTHOS Group Ltd. ("LiTHOS" or the "Company") (CBOE CA: LITS) (OTCQB:LITSF) (FSE: YU8) (WKN: A3ES4Q) is pleased to announce it has entered into a non-binding letter of intent (the "LOI") with 1481450 B.C. Ltd. ("1481450"), dated June 5th, 2024, pursuant to which the Company would acquire all of the outstanding securities of 1481450 from the securityholders of 1481450 (the "Transaction"). 1481450 has entered into an Agreement, and, at the time of Closing (as defined herein), will hold all of the outstanding securities of Reservoir Imag
OKLAHOMA CITY, June 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that the company's board of directors has appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon's board in 2014 following his retirement from Chevron's executive team. He currently chairs the board's reserves committee while also serving on the board's compensation committee. Bethancourt succeeds Barbara Baumann, who will remain on the board and join the compensation committee and governance, environmental, and public policy committee. Baumann was recently named chair of the independent board of trustees of the Putnam Mutual Funds, effecti
Truist downgraded Devon Energy from Buy to Hold and set a new price target of $43.00 from $49.00 previously
Jefferies resumed coverage of Devon Energy with a rating of Hold and set a new price target of $45.00
Wolfe Research initiated coverage of Devon Energy with a rating of Peer Perform
Barclays initiated coverage of Devon Energy with a rating of Equal Weight and set a new price target of $59.00
Wells Fargo upgraded Devon Energy from Equal Weight to Overweight and set a new price target of $59.00 from $46.00 previously
Morgan Stanley upgraded Devon Energy from Equal-Weight to Overweight and set a new price target of $52.00 from $48.00 previously
JP Morgan upgraded Devon Energy from Neutral to Overweight and set a new price target of $58.00 from $57.00 previously
Pickering Energy Partners upgraded Devon Energy from Neutral to Outperform
Bernstein downgraded Devon Energy from Outperform to Mkt Perform and set a new price target of $48.00
Goldman upgraded Devon Energy from Neutral to Buy and set a new price target of $58.00 from $63.00 previously
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Wells Fargo analyst Roger Read maintains Devon Energy (NYSE:DVN) with a Overweight and lowers the price target from $60 to $57.
Wolfe Research analyst Doug Leggate reinstates Devon Energy (NYSE:DVN) with a Peer Perform.
Bernstein analyst Bob Brackett maintains Devon Energy (NYSE:DVN) with a Market Perform and lowers the price target from $48 to $43.
Scotiabank analyst Paul Cheng maintains Devon Energy (NYSE:DVN) with a Sector Outperform and lowers the price target from $67 to $60.
Devon Energy (NYSE:DVN) has been analyzed by 18 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 8 8 2 0 0 Last 30D 1 2 1 0 0 1M Ago 1 1 0 0 0 2M Ago 1 1 0 0 0 3M Ago 5 4 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $61.67, with a high estimate of $69.00 and a low estimate of $50.00. This current average has increas
Susquehanna analyst Biju Perincheril maintains Devon Energy (NYSE:DVN) with a Positive and maintains $65 price target.
Truist Securities analyst Neal Dingmann maintains Devon Energy (NYSE:DVN) with a Buy and lowers the price target from $67 to $64.
RBC Capital analyst Scott Hanold reiterates Devon Energy (NYSE:DVN) with a Sector Perform and maintains $57 price target.
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