30.54 0.00 (0.00%)
After hours: 5:00PM EST
|Bid||30.17 x 4000|
|Ask||0.00 x 800|
|Day's Range||30.27 - 31.96|
|52 Week Range||29.83 - 46.54|
|Beta (3Y Monthly)||3.13|
|PE Ratio (TTM)||7.45|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||0.32 (0.98%)|
|1y Target Est||50.70|
Crude oil prices have fallen back to where they were at this time last year, which is quite a tumble from their recent peaks.
ConocoPhillips (COP) has strengthened its FCF (free cash flow) in the past one year. On a quarterly basis, COP’s FCF grew by 34.8% in Q3 2018. The rise in oil prices contributed to the rise in COP’s free cash flow. In part one, we discussed the impact of oil prices on COP’s earnings.
As of November 12, Brent crude oil active futures had fallen 18.3% from their almost four-year closing high of $86.29 per barrel on October 3. However, so far in Q4 2018, Brent crude oil active futures have averaged ~4% higher on a quarter-over-quarter basis. If oil prices trade within a downside limit of ~4% from current levels, with almost half of the period left in Q4 2018, ConocoPhillips (COP) might achieve analysts’ consensus estimate, which is two cents lower than adjusted EPS last quarter. COP has an oil-weighted portfolio of 58%. ...
On November 2–9, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 0.6%—the least among major energy ETFs. US crude oil prices just above $60 and a fall of 4.7% last week due to supply concerns might have either dragged or limited the upside in upstream energy stocks. However, Saudi Arabia’s announcement on November 11 about reducing its exports by half a million barrels per day in December might bring a small pause to oil’s fall.
Turbulence in the oil market and some production problems in Canada provided lots of short-term pain for investors last month.
Devon Energy's (DVN) better-than-expected Q3 performance can be attributed to strong production from the United States and improvement in realized prices.
Dave Hager has been the CEO of Devon Energy Corporation (NYSE:DVN) since 2015. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big Read More...
Corp. posted higher revenue and profits in the latest period, becoming the latest domestic energy company to get an operational lift from stronger levels of production in the U.S. Devon on Tuesday reported a profit of $2.53 billion, or $5.14 a share, up from $193 million, or 37 cents a share, a year earlier. Excluding special items, Devon earned 65 cents a share.
The size of Devon Energy Corporation (NYSE:DVN), a US$16.4b large-cap, often attracts investors seeking a reliable investment in the stock market. Doing business globally, large caps tend to have diversified Read More...
Devon Energy's (DVN) third-quarter earnings are likely to gain from strong natural gas liquids production and improvement in realized prices.
NEW YORK, Oct. 29, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Investors need to pay close attention to Devon Energy (DVN) stock based on the movements in the options market lately.
Devon Energy Corp. (DVN) announced today that management will present at the Bank of America Merrill Lynch Global Energy Conference in Miami at 4 p.m. ET on Wednesday, Nov. 14, 2018. The presentation will be available to the public via webcast. A link to the webcast will be accessible from Devon’s home page at www.devonenergy.com on the date of the event.
Devon Energy Corp. (DVN) today reported that additional facilities work at its Jackfish 1 heavy oil project in Alberta, Canada, is now complete and full-scale operations have been restored. Devon elected to perform the incremental maintenance work that temporarily curtailed production as opposed to deferring the repairs to a future date. Devon estimates that its third-quarter 2018 net production in Canada will be approximately 104,000 barrels of oil equivalent (Boe) per day as a result of the maintenance at Jackfish 1.
NEW YORK, Oct. 04, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.