Devon Energy (DVN) Expected to Announce Earnings on Tuesday

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

Devon Energy Stock Performance

DVN stock opened at $34.24 on Tuesday. The company has a 50-day simple moving average of $34.41 and a 200 day simple moving average of $38.87. The company has a market capitalization of $22.49 billion, a P/E ratio of 6.35, a PEG ratio of 1.04 and a beta of 1.98. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. Devon Energy has a fifty-two week low of $30.39 and a fifty-two week high of $55.09.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DVN. TD Cowen reduced their price target on shares of Devon Energy from $54.00 to $46.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $50.00 target price on shares of Devon Energy in a research report on Friday, January 10th. Citigroup lowered their price target on Devon Energy from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Mizuho cut their price objective on Devon Energy from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, Truist Financial lowered their target price on Devon Energy from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.45.

About Devon Energy

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.