Historical Trend Analysis of: Devon Energy Corporation (DVN)

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Media headlines about Devon Energy Corp (NYSE:DVN) have trended somewhat positive on Thursday, Alpha One Sentiment reports. As of March 15th, there was short interest totalling 7,946,508 shares, a drop of 30.1% from the February 28th total of 11,366,181 shares.

This recommendation lands on a scale between 1 and 5.

A number of research analysts recently issued reports on the stock.

04/12/2017 - Stifel Nicolaus began new coverage on Devon Energy Corporation giving the company a "buy" rating. Royal Bank of Canada set a $53.00 price objective on shares of Devon Energy Corp and gave the company a "buy" rating in a research note on Tuesday, April 25th. $47.92's average target is 23.54% above currents $38.79 stock price. They noted that the move was a valuation call.

Shares of Boyd Gaming Corporation (NYSE:BYD) inclined 8.33% to $24.33.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, DVN earned gross profit of 16.87 Billion, in 2015 10.84 Billion gross profit, while in 2016 Devon Energy Corporation (DVN) produced 8.58 Billion profit.

According to the latest research reports released, 10 analysts have issued a rating of "buy", 16 analysts "outperform", 12 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". The company now has an average rating of "Buy" and an average price target of $50.96. State Street Corp increased its stake in shares of Devon Energy Corp by 3.3% in the fourth quarter.

The share price of Devon Energy Corporation (NYSE:DVN) was down -0.46% during the last trading session, with a day high of 39.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Hedge funds and other institutional investors own 77.18% of the company's stock.

On 11/30/2016 Devon Energy Corp announced a quarterly dividend of $0.06 0.5% with an ex dividend date of 3/13/2017 which will be payable on 3/31/2017.

Culbertson A N & Co Inc decreased Devon Energy Corp New (DVN) stake by 18.51% reported in 2016Q4 SEC filing. Macquarie Grp Inc Ltd reported 0% of its portfolio in Devon Energy Corp (NYSE:DVN). In our current pick, Devon Energy Corporation (DVN) has weekly volatility of 2.81%% while its monthly volatility value is at 2.78%%. Polaris Greystone Gp Limited Company stated it has 426,433 shares or 2.26% of all its holdings. Shelton Capital Management now owns 2,000,000 shares of the energy company's stock worth $613,000 after buying an additional 1,986,581 shares during the period.

Devon Energy (NYSE:DVN) continues to invest significantly in US resource plays, resulting in USA light-oil production growth of 17% in the first quarter, beyond the company's guidance by a large margin.

On the other hand, the company's production increased 9% from Canadian plays to average around 138,000 barrels per day in the first quarter, driven mainly by the Jackfish complex. Devon Energy Corp has a 52 week low of $29.60 and a 52 week high of $50.69. The firm's 50-day moving average price is $40.59 and its 200-day moving average price is $43.59. The firm's market capitalization is $19.40 billion. Barrow Hanley Mewhinney And Strauss Ltd Liability Corporation holds 0.36% in Devon Energy Corp (NYSE:DVN) or 5.10M shares. Company insiders own 0.98% of the company's stock. The business earned $3.55 billion during the quarter, compared to the consensus estimate of $2.98 billion. On average, equities analysts predict that Devon Energy Corp will post $1.90 EPS for the current year. Investors of record on Thursday, June 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Tuesday, June 13th. The Return on Investment (ROI) ratio of Devon Energy Corporation (DVN) is -18.6 percent.

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