Devon Energy Corporation (DVN) Analysts See $0.50 EPS

October 16, 2018 - By Ruchi Gupta

Devon Energy Corporation (NYSE:DVN) LogoInvestors sentiment decreased to 0.83 in Q2 2018. Its down 0.11, from 0.94 in 2018Q1. It fall, as 64 investors sold Devon Energy Corporation shares while 252 reduced holdings. 86 funds opened positions while 176 raised stakes. 398.41 million shares or 2.29% less from 407.74 million shares in 2018Q1 were reported.
Moreover, Carval Investors has 2.2% invested in Devon Energy Corporation (NYSE:DVN). Macquarie Grp holds 0% in Devon Energy Corporation (NYSE:DVN) or 4,600 shares. Nordea Inv Ab holds 375,131 shares. The New York-based State Common Retirement Fund has invested 0.06% in Devon Energy Corporation (NYSE:DVN). Dimensional Fund Lp holds 0.06% or 3.67 million shares in its portfolio. Indexiq Ltd Limited Liability Company holds 3,378 shares or 0% of its portfolio. Skba Capital Mngmt Ltd Company invested in 0.03% or 5,300 shares. 107,500 are owned by Meyer Handelman. 6,044 were accumulated by Ing Groep Nv. Tower Rech Lc (Trc) reported 2,975 shares stake. 1,300 are held by Crestwood Advsr Group Inc Ltd Llc. 105,802 were accumulated by Sg Americas Ltd Liability. Secor Cap Advsrs L P holds 25,576 shares or 0.1% of its portfolio. Sir Capital Mngmt Lp owns 950,091 shares. South State, South Carolina-based fund reported 30,588 shares.

Analysts expect Devon Energy Corporation (NYSE:DVN) to report $0.50 EPS on October, 30.They anticipate $0.04 EPS change or 8.70 % from last quarter’s $0.46 EPS. DVN’s profit would be $254.40 million giving it 18.06 P/E if the $0.50 EPS is correct. After having $0.34 EPS previously, Devon Energy Corporation’s analysts see 47.06 % EPS growth. The stock decreased 1.42% or $0.52 during the last trading session, reaching $36.11. About 6.33M shares traded. Devon Energy Corporation (NYSE:DVN) has risen 30.40% since October 16, 2017 and is uptrending. It has outperformed by 14.78% the S&P500.

Devon Energy Corporation (NYSE:DVN) Ratings Coverage

Among 14 analysts covering Devon Energy Corp (NYSE:DVN), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Devon Energy Corp had 17 analyst reports since April 18, 2018 according to SRatingsIntel. Stephens maintained Devon Energy Corporation (NYSE:DVN) on Tuesday, April 24 with “Buy” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, September 26. On Monday, July 16 the stock rating was maintained by Bank of America with “Buy”. The firm has “Hold” rating given on Wednesday, April 18 by Piper Jaffray. UBS upgraded the stock to “Buy” rating in Monday, August 6 report. As per Wednesday, August 15, the company rating was upgraded by Johnson Rice. The company was maintained on Wednesday, August 1 by Susquehanna. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, August 16 report. The firm earned “Overweight” rating on Friday, September 28 by PiperJaffray. The stock of Devon Energy Corporation (NYSE:DVN) earned “Buy” rating by Susquehanna on Thursday, April 19.

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. The company has market cap of $18.37 billion. It operates approximately 15,200 gross wells. It currently has negative earnings. The firm also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants and treatment facilities.

More recent Devon Energy Corporation (NYSE:DVN) news were published by: Seekingalpha.com which released: “Why Devon Should Exit The Barnett” on October 08, 2018. Also Nasdaq.com published the news titled: “3 Stocks to Consider Buying After This Week’s Market Meltdown” on October 13, 2018. Fool.com‘s news article titled: “This Oil Company Is Buying Back Its Stock as Fast as It Can” with publication date: September 17, 2018 was also an interesting one.

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart

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