Press coverage about Devon Energy Corporation (NYSE:DVN) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Devon Energy Corporation earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the energy company an impact score of 46.1462157959775 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- 1 Potential Game-Changing Oil Market Trend From This Quarter You Won't Want to Miss (finance.yahoo.com)
- How Did DVN’s Dividend Cut Affect Its Dividend Yield? (marketrealist.com)
- 4 Things Marathon Oil Corporation's CEO Wants You to Know About What Lies Ahead (finance.yahoo.com)
- Should You Buy Devon Energy Corporation (DVN) Now? (finance.yahoo.com)
- Stocks Buzz:: Fifth Third Bancorp (NASDAQ:FITB), Devon Energy Corporation (NYSE:DVN), Biocept, Inc. (NASDAQ … – The Stock Street (press release) (thestreetpoint.com)
Several analysts have weighed in on DVN shares. Stifel Nicolaus set a $66.00 price objective on Devon Energy Corporation and gave the company a “buy” rating in a research report on Thursday, October 5th. Stephens upgraded Devon Energy Corporation from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a research report on Thursday, November 2nd. Scotiabank set a $47.00 price objective on Devon Energy Corporation and gave the company a “buy” rating in a research report on Friday, August 11th. BMO Capital Markets set a $38.00 price objective on Devon Energy Corporation and gave the company a “buy” rating in a research report on Monday, August 28th. Finally, Royal Bank Of Canada set a $43.00 price objective on Devon Energy Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $45.89.
Devon Energy Corporation (NYSE:DVN) last released its earnings results on Tuesday, October 31st. The energy company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. Devon Energy Corporation had a return on equity of 6.88% and a net margin of 11.62%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. equities research analysts expect that Devon Energy Corporation will post 1.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.62%. Devon Energy Corporation’s dividend payout ratio is currently 8.19%.
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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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