Professional
Added to YB: 2024-03-21
Pitch date: 2024-03-15
DVN [bullish]
Devon Energy Corporation
-17.56%
current return
Author Info
No bio for this author
Company Info
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.
Market Cap
$23.4B
Pitch Price
$45.51
Price Target
71.00 (+89%)
Dividend
2.58%
EV/EBITDA
3.86
P/E
8.78
EV/Sales
1.86
Sector
Oil, Gas and Consumable Fuels
Category
value
Devon Energy Corporation: Raising fixed dividend by 5% to $0.22 per share
DVN: Devon Energy Q4 adj EPS $1.41 misses est., rev $4.15B beats. Raising fixed div 5% to $0.22. Lowering 2024 EPS est to $4.99 (consensus $5.03), initiating 2025 est $5.49 (+10% YoY) on higher commodity prices & production. $71 price target on premier assets, strong balance sheet, shareholder returns. Trades at discount to peers.
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