Devon Energy (DVN) Expected to Announce Earnings on Tuesday

Devon Energy (NYSE:DVN) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect Devon Energy to post earnings of $1.00 per share and revenue of $4.25 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Devon Energy Trading Up 3.3 %

NYSE:DVN opened at $34.24 on Tuesday. The stock has a market cap of $22.49 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 1.04 and a beta of 1.98. Devon Energy has a one year low of $30.39 and a one year high of $55.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.11. The business’s 50-day simple moving average is $34.41 and its 200 day simple moving average is $38.87.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DVN shares. Piper Sandler increased their target price on Devon Energy from $53.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued a “sector perform” rating and set a $50.00 price objective on shares of Devon Energy in a report on Friday, January 10th. Benchmark upgraded shares of Devon Energy from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Tuesday, January 14th. StockNews.com upgraded Devon Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, Raymond James upped their price objective on Devon Energy from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.45.

Devon Energy Company Profile

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.