|Bid||32.10 x 2200|
|Ask||37.77 x 2200|
|Day's Range||33.55 - 35.22|
|52 Week Range||20.37 - 46.54|
|Beta (3Y Monthly)||2.04|
|PE Ratio (TTM)||5.76|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||0.36 (1.14%)|
|1y Target Est||38.36|
Brent crude futures closed 2.9 percent higher Monday after U.S. Secretary of State Mike Pompeo said no more waivers will be issued on sanctions aimed at isolating the Islamic Republic. In response, Iran threatened to shut the Strait of Hormuz, a key maritime chokepoint for Persian Gulf producers, and said it’s engaged in “intensive” talks with partners to blunt the impact of Trump’s escalation.
Today we'll look at Devon Energy Corporation (NYSE:DVN) and reflect on its potential as an investment. In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is a...
U.S. stocks rose on Friday, lifting the S&P 500 above the 2,900 mark for the first time since early October, boosted by gains in Walt Disney shares and as bank stocks surged after strong results from JPMorgan. The S&P financial index rose 1.74%, providing the biggest boost to the main index, while the S&P banks index gained 2.26%.
U.S. stocks were set to open higher on Friday, boosted by better-than-expected results from JPMorgan, a $33 billion energy deal and signs of stability in Chinese economy. The S&P 500 e-minis were up 17.25 points, or 0.6% by 8:42 a.m. ET. JPMorgan Chase & Co rose 2.8% after the largest U.S. bank by assets beat quarterly profit estimates, easing fears that slowing economic growth could weigh on its results.
Devon Energy (DVN) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
US Oil Supply Might Not Impact Oil Much(Continued from Prior Part)Goldman Sachs On April 8 in an interview with CNBC, Jeff Currie, the commodities head at Goldman Sachs (GS), said that oil won’t return to the high like last year. Last year, Brent
Oil prices continue to rally, but not all is well in the U.S. shale patch as drillers are facing both operational issues and have laid off hundreds of people
Devon Energy Corp. (DVN) today announced plans to announce first-quarter 2019 results on Tuesday, April 30, after the close of U.S. financial markets. The earnings release and operations report for the first-quarter 2019 results will be available on the company’s website at www.devonenergy.com. Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas.
The Zacks Analyst Blog Highlights: Cabot Oil & Gas, Murphy USA, ConocoPhillips, Antero Resources and Devon Energy
The tally for oil drilling rigs rises in the seventh week after the count fell for six straight weeks to the lowest level since April 2018.
Devon Energy (DVN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The value of U.S. oil and gas mergers and acquisitions fell to a 10-year low in the first quarter, according to data released on Thursday, as investors pushed shale producers that have driven a recent merger boom to focus on lifting shareholder returns rather than production. The value of oil and gas deals tumbled plunged 93 percent to $1.6 billion last quarter from a year ago to the lowest in a decade, energy consultancy Drillinginfo said in its quarterly M&A review. Investors have urged independent shale producers to stop spending on acreage and on corporate deal-making and return cash to shareholders through dividends and share buybacks.
WPX Energy's (WPX) subsidiary and joint venture partner in the Oryx II pipeline sign agreements to monetize its 25% interest in the Oryx II pipeline for $350 million.
Oil prices rose 30% during the first quarter of 2019, underpinned mainly by OPEC+ supply cuts, and U.S. sanctions against Venezuela and Iran.
Upstream Stocks: Who Moved the Most and the Least in Q1 Upstream stocksIn the first quarter of 2019, Hess Corporation (HES) rose the most among the energy stocks in the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). Hess’s