Devon Energy (DVN) Projected to Post Earnings on Tuesday

Devon Energy (NYSE:DVN) will likely be releasing its earnings data 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Devon Energy Stock Up 1.3 %

DVN opened at $34.68 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.11. Devon Energy has a fifty-two week low of $30.39 and a fifty-two week high of $55.09. The company has a fifty day moving average of $34.27 and a two-hundred day moving average of $38.59. The stock has a market capitalization of $22.78 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 1.04 and a beta of 1.98.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DVN shares. 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 report on Tuesday, January 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $50.00 target price on shares of Devon Energy in a research report on Friday, January 10th. Wells Fargo & Company cut their price objective on shares of Devon Energy from $49.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Wolfe Research raised Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Mizuho cut their target price on Devon Energy from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.