Company Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy to Report Fourth-Quarter and Full-Year 2015 Results Feb. 16; Conference Call Scheduled for Feb. 17

[Business Wire] – Devon Energy Corp. today announced plans to issue its fourth-quarter and full-year 2015 earnings news release on Tuesday, Feb. 16, after the close of U.S. financial markets. Read more on this. Devon Energy Corporation (DVN) , with a current value of $10.25B, started trading this morning at $24.88. Looking at the stock, its one day range is $24.46 to $25.38 with a trailing 52-week range being $19.69 to $70.48. DVN shares are currently priced at 10.55x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 15.20x forward p/e ratio. The company pays shareholders $0.96 per share annually in dividends, yielding 3.44%. In a review of the consensus earnings estimate this quarter, 31 sell-side analysts are looking at $0.71 per share, which would be $0.12 worse than the year-ago quarter and a $0.09 sequential increase. The full-year EPS estimate is $2.47 which would be a $2.44 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.63 Billion. If reported, that would be a 39.50% decrease over the year-ago quarter. More recently, Barclays upgraded DVN from Equal Weight to Overweight (Jan 11, 2016). Previously, Guggenheim upgraded DVN from Neutral to Buy. Investors should keep in mind is that the average price target is $42.84, which is 72.19% above where the stock opened this morning. See more in (NYSE:DVN) Similar Articles: Market Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy Reports Third-Quarter 2015 Results Stock Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy Announces Fourth-Quarter Cash Dividend for Common Stockholders Company Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy Completes Leadership Transition as Board of Directors Elects Dave Hager New President and CEO, Succeeding Retiring John Richels
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