Devon Energy Corporation (DVN) Analysts See $0.24 EPS

April 20, 2018 - By Marie Mckinney

Devon Energy Corporation (NYSE:DVN) LogoInvestors sentiment decreased to 0.92 in Q4 2017. Its down 0.08, from 1 in 2017Q3. It fall, as 51 investors sold Devon Energy Corporation shares while 257 reduced holdings. 94 funds opened positions while 188 raised stakes. 404.83 million shares or 2.08% more from 396.57 million shares in 2017Q3 were reported.
Dupont Management invested 0% in Devon Energy Corporation (NYSE:DVN). Tci Wealth Advisors holds 0% or 172 shares. Washington Tru Bankshares has invested 0.03% in Devon Energy Corporation (NYSE:DVN). Pinebridge Investments Ltd Partnership has invested 0.01% in Devon Energy Corporation (NYSE:DVN). Smith Asset Grp Limited Partnership stated it has 0.35% of its portfolio in Devon Energy Corporation (NYSE:DVN). Ubs Asset Mngmt Americas owns 1.59 million shares. Cliftonlarsonallen Wealth Advisors Ltd Liability Company has invested 2.59% in Devon Energy Corporation (NYSE:DVN). Janney Montgomery Scott Ltd holds 0.02% in Devon Energy Corporation (NYSE:DVN) or 57,445 shares. Wheatland Advisors invested in 11,600 shares. Cubic Asset Mngmt Limited Com holds 0.14% or 11,900 shares. Mariner Wealth Advisors Limited Liability Co owns 5,132 shares or 0.01% of their US portfolio. Advantus Capital reported 52,898 shares stake. Pacific Heights Asset Limited stated it has 200,000 shares. Amica Retiree Trust holds 0.11% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 3,482 shares. 839 are owned by Alphaone Inv Ltd Liability Co.

Analysts expect Devon Energy Corporation (NYSE:DVN) to report $0.24 EPS on May, 1 after the close.They anticipate $0.17 EPS change or 41.46 % from last quarter’s $0.41 EPS. DVN’s profit would be $126.27 million giving it 37.18 P/E if the $0.24 EPS is correct. After having $0.38 EPS previously, Devon Energy Corporation’s analysts see -36.84 % EPS growth. The stock decreased 1.14% or $0.41 during the last trading session, reaching $35.69. About 12.06 million shares traded or 46.03% up from the average. Devon Energy Corporation (NYSE:DVN) has declined 18.44% since April 20, 2017 and is downtrending. It has underperformed by 29.99% the S&P500.

Devon Energy Corporation (NYSE:DVN) Ratings Coverage

Among 21 analysts covering Devon Energy Corp (NYSE:DVN), 15 have Buy rating, 0 Sell and 6 Hold. Therefore 71% are positive. Devon Energy Corp had 36 analyst reports since October 31, 2017 according to SRatingsIntel. The firm earned “Overweight” rating on Monday, November 20 by Barclays Capital. The rating was initiated by FBR Capital on Monday, February 5 with “Hold”. The rating was downgraded by Scotia Capital to “Buy” on Thursday, April 12. On Wednesday, February 21 the stock rating was maintained by Susquehanna with “Buy”. The company was maintained on Tuesday, November 28 by Citigroup. The stock of Devon Energy Corporation (NYSE:DVN) earned “Buy” rating by RBC Capital Markets on Wednesday, November 1. The rating was maintained by Jefferies on Tuesday, January 30 with “Buy”. The stock of Devon Energy Corporation (NYSE:DVN) earned “Buy” rating by Susquehanna on Wednesday, January 17. The firm has “Buy” rating given on Monday, February 26 by BMO Capital Markets. As per Friday, November 10, the company rating was maintained by Cowen & Co.

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. The company has market cap of $18.78 billion. It operates approximately 15,200 gross wells. It has a 20.99 P/E ratio. The firm also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants and treatment facilities.

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart

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