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Devon Energy Corp. (NYSE:DVN) was the recipient of unusually large options trading on Friday. Traders purchased 15,518 call options on the stock, AnalystRatingsNetwork reports. This is an increase of approximately 155% compared to the typical daily volume of 6,074 call options.
A number of research firms have recently commented on DVN. Analysts at Canaccord Genuity initiated coverage on shares of Devon Energy Corp. (NYSE:DVN) in a research note to investors on Tuesday, August 20th. They set a “buy” rating and a $75.00 price target on the stock. Separately, analysts at Guggenheim raised their price target on shares of Devon Energy Corp. (NYSE:DVN) from $74.00 to $76.00 in a research note to investors on Wednesday, August 14th. They now have a “buy” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Devon Energy Corp. (NYSE:DVN) from $68.00 to $69.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock.
One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $68.75.
Shares of Devon Energy Corp. (NYSE:DVN) opened at 58.39 on Monday. Devon Energy Corp. has a 1-year low of $50.81 and a 1-year high of $63.72. The stock’s 50-day moving average is $57.25 and its 200-day moving average is $56.12. The company’s market cap is $23.706 billion.
Devon Energy Corp. (NYSE:DVN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.26. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the company posted $0.55 earnings per share. Devon Energy Corp.’s revenue was up 20.8% compared to the same quarter last year. On average, analysts predict that Devon Energy Corp. will post $4.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Wednesday, December 11th.
Devon Energy Corporation is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NYSE:DVN).Image may be NSFW.
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