The oil and gas exploration company's stock has dropped by 1.06% in the past month, falling short of the OilsEnergy sector's loss of 0.69% and the S&P 500's gain of 2.83%. It is also important to note the recent changes to analyst estimates for Devon Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. In terms of valuation, Devon Energy is presently being ...

Investor Contacts Media Contact Scott Coody, 405-552-4735 Brooke Baum, 405-552-3448 Chris Carr, 405-228-2496 ABOUT DEVON ENERGY OKLAHOMA CITY, June 25, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report second-quarter 2024 results on Tuesday, Aug. 6, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2024 results will be available on the company's website at www.devonenergy.com. On Wednesday, Aug. 7, the company will ho ...

Investor Contacts Media Contact Scott Coody, 405-552-4735 Brooke Baum, 405-552-3448 Chris Carr, 405-228-2496 ABOUT DEVON ENERGY OKLAHOMA CITY, June 25, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report second-quarter 2024 results on Tuesday, Aug. 6, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2024 results will be available on the company's website at www.devonenergy.com. On Wednesday, Aug. 7, the company will ho ...

Devon Energy (DVN) ended the recent trading session at $45.65, demonstrating a -0.24% swing from the preceding day's closing price. This change lagged the S&P 500's 0.25% gain on the day. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.03%. For the full year, the Zacks Consensus Estimates project earnings of $5.24 per share and a revenue of $15.38 billion, demonstrating changes of -8.23% and +0.79%, respectively, from the preceding year. The Zacks Rank system, running from #1 (S ...

Core Viewpoint - Devon Energy (DVN) is considered undervalued compared to its peers, with a focus on balance sheet improvement and capital allocation despite recent mixed market sentiments and performance [1][24][26] Financial Performance - DVN's total revenues for FQ1'24 were reported at $3.59 billion, reflecting a decrease of 1.3% QoQ and 6% YoY [17] - Free Cash Flow generation was $844 million, showing an increase of 2% QoQ and 26.9% YoY [17] - Adjusted EPS for the quarter was $0.94, down 48% QoQ and 38.5% YoY [17] Market Conditions - WTI crude oil prices rose to $78.48 per barrel, marking a 13.4% increase YoY, while natural gas prices at Henry Hub were $2.89 per Mcf, up 28.4% MoM [11] - OPEC+ has agreed to cut output by 5.86 million barrels per day, which is expected to support higher oil prices through 2025 [11][12] Production and Guidance - DVN's total oil production reached 664 MBoe/d, reflecting a 0.3% increase QoQ and 3.5% YoY [8] - The company raised its FY2024 output guidance to 665 MBOED, up 2.3% from the original guidance [12] Capital Allocation and Debt Management - DVN's management is prioritizing balance sheet health, with $472 million of debts maturing in September 2024 and another $485 million in late 2025 [14] - The net-debt-to-EBITDA ratio stands at 0.7x, a significant improvement from 1.4x in FQ1'21 [14] Valuation Metrics - DVN's forward P/E valuation is 9.02x, which is lower than peers like Exxon Mobil (12.19x) and Chevron (12.20x) [24] - The Enterprise Value to Proven Reserve ratio for DVN is 18.9x, compared to 26.3x for Exxon Mobil and 26.8x for Chevron [24] Shareholder Returns - The management has indicated a focus on share buybacks, which may lead to lower variable dividends in the near term [14][26] - DVN's forward dividend yield is approximately 3%, based on annualized dividends of $0.35 [26]

The the stock of oil and gas exploration company has fallen by 5.1% in the past month, lagging the Oils-Energy sector's loss of 4.55% and the S&P 500's gain of 3.11%. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Devon Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. With respect t ...

12 Month EPS Revenue Growth Forecast For the next fiscal year, the consensus earnings estimate of $5.77 indicates a change of +11.3% from what Devon Energy is expected to report a year ago. Over the past month, the estimate has changed +0.2%. The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in iden ...

For more information, please get in touch with LiTHOS Investor Relations at 1-877-LITHOS1 / 1-877-548- 4671 or via email at [email protected]. Stay up-to-date on LiTHOS developments by joining our online communities through LinkedIn and X ON BEHALF OF THE BOARD Scott Taylor - CEO Forward-Looking Statements: This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking s ...

OKLAHOMA CITY, June 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that the company's board of directors has appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon's board in 2014 following his retirement from Chevron's executive team. He currently chairs the board's reserves committee while also serving on the board's compensation committee. Bethancourt succeeds Barbara Baumann, who will remain on the board and join the co ...

Bethancourt has broad competencies in matters impacting the energy industry and companies in general, including in areas relating to human resources, environmental matters, and energy-related infrastructure. He is a retired Chevron executive, serving most recently as executive vice president for technology and services, where he oversaw Chevron's environmental, health and safety efforts, major project management, procurement, and mining operations. Bethancourt began his career with Getty Oil Co. in 1974 and ...