26.63 0.00 (0.00%)
After hours: 4:48PM EST
|Bid||0.00 x 1800|
|Ask||0.00 x 800|
|Day's Range||26.19 - 26.97|
|52 Week Range||20.37 - 46.54|
|Beta (3Y Monthly)||2.52|
|PE Ratio (TTM)||6.50|
|Earnings Date||Feb 19, 2019|
|Forward Dividend & Yield||0.32 (1.24%)|
|1y Target Est||37.81|
Investing.com - Oilfield services company Schlumberger (NYSE:SLB) helped rally energy stocks on Frida, after its fourth quarter revenue came in higher than expected and it forecast international growth, even as crude prices have fallen.
The Canadian province of Alberta's OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments. After Alberta cut 325,000 barrels per day (bpd) starting this month, the discount on Canadian heavy oil compared to benchmark U.S. crude oil shrank to less than $7 per barrel from more than $40 in October, providing relief for producers. Some producers have already decided to spend more in other provinces.
With Canada’s pipeline bottlenecks weighing on the country’s oil industry, the government took an extreme measure to combat the problem, and it could have some unforeseen consequences
Devon Energy Corp. (DVN) today announced plans to report its fourth-quarter and full-year 2018 results on Tuesday, Feb. 19, after the close of U.S. financial markets. The earnings release and operations report announcing these results will both 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.
A late swoon in crude prices weighed on these oil stocks last year, but a rebound in the oil market could enable them to go from worst to first in 2019.
Investing.com - The broader market ended flat Tuesday on late selling as energy stocks sank following a rout in oil prices.
Between November 30 and December 7, Gulfport Energy (GPOR) gained the most on our list of upstream energy stocks. However, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 3.9%—the second-largest fall among the major energy ETFs we discussed in the previous article.
The Zacks Analyst Blog Highlights: Chevron, EOG Resources, Devon Energy, Occidental Petroleum and Diamondback Energy
Though E&P stocks are surging today, the outlook doesn’t look great in the coming years, leading the firm to downgrade a slew of names.
Devon Energy (DVN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
On December 2, Rachel Notley, Premier of Alberta, announced a reduction of 8.7% or 325,000 barrels per day of raw crude oil and bitumen in Alberta’s production. After a significant reduction in the storage, authorities might lower the production cut to 95,000 barrels per day in December 2019. On December 3, the gap between the WTI and WCS (Western Canada Select) price contracted by ~$4 per barrel.
Devon Energy (DVN) isn’t expected to report a positive FCF (free cash flow) in the fourth quarter. Devon Energy’s management expects an excess cash inflow of $5 billion by the end of 2018 assuming WTI at $65 per barrel, natural gas prices at $3 per MMBtu, and current WCS (Western Canada Select) strip pricing when it released its third-quarter results.
Devon Energy (DVN) might have an upside of 75.1% in the next 12 months based on analysts’ mean target price. With the current downturn in oil prices and the risk of the WTI-WCS (Western Canada Select) spread, which we discussed in the previous part, such a huge upside isn’t likely. With the recovery in the spread, investors might expect a short-term upside momentum in the stock.
Devon Energy Corp. (DVN) announced today that the company’s board of directors has elected Duane C. Radtke as its new vice-chairman. Radtke has served as a member of the Devon board since 2010. Devon also announced that board chairman John Richels will not stand for re-election at the annual meeting in June 2019 and plans to retire from the board at that time.
Devon Energy Corp. announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2019. The dividend is payable on March 29, 2019, at a rate of $0.08 per share based on a record date of March 15, 2019.
America has become the top oil-producing country in the world, due in part to the production of these giant oil companies.