Company Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy to Present at Barclays Americas Select Conference

[Business Wire] – Devon Energy Corp. announced today that Dave Hager, president and chief executive officer, will present at the Barclays Americas Select Conference on Wednesday, May 18, 2016, at 3:40 p.m. Read more on this. Devon Energy Corporation (DVN) , currently valued at $16.44B, started trading this morning at $33.94. Shares have traded today between $30.28 and $34.25 per share and has traded between $18.07 and $69.68 over the past year. DVN shares are currently priced at -25.00x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 3.39x earnings multiple. The company pays shareholders $0.24 per share annually in dividends, yielding 0.69%. According to a consensus of 27 analysts, the earnings estimate of $-0.38 per share would be $0.78 better than the year-ago quarter and a $0.00 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $-1.31 would be a $3.83 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.63 Billion. If reported, that would be a 22.42% decrease over the year-ago quarter. In terms of ratings, Wunderlich Initiated DVN at Buy (Apr 27, 2016). Previously, Morgan Stanley upgraded DVN from Equal-Weight to Overweight. When considering if the stock is under or overvalued, the average price target is $34.95, which is 2.98% above where the stock opened this morning. See more in (NYSE:DVN) Similar Articles: Market Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy to Report First-Quarter 2016 Results May 3; Conference Call Scheduled for May 4 Company Update (NYSE:DVN): Devon Energy to Present at Credit Suisse Annual Energy Summit 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
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