This leading dividend-paying oil stock just beat expectations in the first quarter.RBC Capital recently raised its price target on Devon Energy (DVN 0.57%) to $57 from $55 and maintained a "sector perform" rating on the stock. My take on a "sector perform" rating is that it is a de facto sell rating, because investors might as well hold the sector through an ETF and eliminate the stock-specific risk inherent in holding one stock.That said, the $57 price target still represents a nearly 12% upside from the c ...

Devon Energy Corporation (NYSE:DVN) Q1 2024 Earnings Conference Call May 2, 2024 11:00 AM ET Company Participants Scott Coody - Vice President of Investor Relations Rick Muncrief - President and Chief Executive Officer Clay Gaspar - Executive Vice President and Chief Operating Officer Jeff Ritenour - Executive Vice President and Chief Financial Officer Conference Call Participants Arun Jayaram - JPMorgan Neil Mehta - Goldman Sachs Nitin Kumar - Mizuho Scott Gruber - Citi Neal Dingmann - Truist Securities Ro ...

Is the market likely to see a reset, similar to the ones after the dot-com bubble in 2000 and the 2008 financial crisis? As with everything in economics, opinions are divided. In this uncertain environment, identifying energy stocks to avoid becomes a critical strategy for investors looking to safeguard their portfolios.What is known is that the New York Fed’s recession probability indicator is still highly elevated at 58.3%, 12 months ahead. Moreover, the USG agencies are plagued with economic data revisio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-32318 DEVON ENERGY CORPORATION (Exact name of registrant as specified in its charter) Delaware 73-1567067 (State or other jurisdiction of (I.R.S ...

Devon Energy Corp. (DVN) reported first-quarter 2024 earnings per share (EPS) of $1.16, outpacing the Zacks Consensus Estimate of $1.10 by 5.5%. Strong production volumes and efficient cost management allowed the company to enjoy the benefit of rising oil prices during the quarter. GAAP earnings per share in the reported quarter were 94 cents compared with $1.81 in the year-ago quarter. The difference between GAAP and operating earnings in the first quarter was due to a 22-cent impact of fair value changes ...

Devon Energy (DVN) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.45%. A quarter ago, it was expected that this oil and gas exploration company would post earnings of $1.39 per share when it actually produced earnings of $1.41, delivering a surprise of 1.44%.Over the last four quar ...

Exhibit 99.2 Devon Energy First-Quarter 2024 Supplemental Tables TABLE OF CONTENTS: PAGE: Consolidated Statements of Earnings 2 Supplemental Information for Consolidated Statements of Earnings 3 Consolidated Balance Sheets 4 Consolidated Statements of Cash Flows 5 Production 6 Capital Expenditures and Supplemental Information for Capital Expenditures 7 Realized Pricing 8 Asset Margins 9 Core Earnings and EBITDAX 10 Net Debt, Net Debt-to-EBITDAX, Free Cash Flow, Adjusted Free Cash Flow and Reinvestment Rate ...

Devon Energy Corporation (DVN) is set to report first-quarter 2024 results on May 1, after market close. This oil and gas company delivered an average earnings surprise of 3.28% in the last four reported quarters. The Zacks Consensus Estimate for earnings is pegged at $1.10 per share on revenues of $3.62 billion. The top and bottom-line estimates suggest a decline of 5.4% and 24.7%, respectively, from a year ago. Per our proven model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Bu ...

Devon Energy is focused on returning value to shareholders via dividends and share buybacks, but it's still an energy producer.Devon Energy (DVN 0.19%) is an acquired taste -- only appropriate for a certain kind of investor. That's true despite a generous 4.6% dividend yield and a shareholder-friendly dividend and stock buyback policy. Here's why this oil and natural gas company could be a buy or hold for some investors, but many more will likely want to avoid it.Buy Devon EnergyDevon Energy is an upstream ...

The latest trading session saw Devon Energy (DVN) ending at $52.10, denoting a -0.89% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.02%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.1%.Shares of the oil and gas exploration company have appreciated by 7.75% over the course of the past month, outperforming the Oils-Energy sector's gain of 4.26% and the S&P 500's loss of 3.01%.Market participants will be closely following the financia ...