Devon Vitality Company (NYSE:DVN) has earned a mean suggestion of “Purchase” from the twenty-two analysis companies which can be presently masking the corporate, MarketBeat studies. Two equities analysis analysts have rated the inventory with a promote suggestion, 5 have given a maintain suggestion and fourteen have assigned a purchase suggestion to the corporate. The common 12-month goal value amongst brokerages which have up to date their protection on the inventory within the final 12 months is $46.56.
DVN has been the subject of numerous latest analyst studies. Morgan Stanley elevated their value goal on Devon Vitality from $42.00 to $48.00 and gave the corporate an “chubby” ranking in a report on Wednesday, October 18th. BMO Capital Markets set a $38.00 value goal on Devon Vitality and gave the corporate a “purchase” ranking in a report on Monday, August 28th. Royal Financial institution Of Canada set a $43.00 value goal on Devon Vitality and gave the corporate a “purchase” ranking in a report on Friday, August 25th. Stifel Nicolaus set a $61.00 value goal on Devon Vitality and gave the corporate a “purchase” ranking in a report on Friday, August 25th. Lastly, Jefferies Group reiterated a “maintain” ranking and issued a $31.00 value goal (down beforehand from $35.00) on shares of Devon Vitality in a report on Tuesday, August 29th.
A number of hedge funds have not too long ago made adjustments to their positions within the enterprise. Steward Companions Funding Advisory LLC bought a brand new place in shares of Devon Vitality within the third quarter valued at roughly $183,00zero. Belpointe Asset Administration LLC bought a brand new place in shares of Devon Vitality within the third quarter valued at roughly $397,00zero. Sterling Capital Administration LLC grew its stake in shares of Devon Vitality by 9.zero% within the third quarter. Sterling Capital Administration LLC now owns 33,875 shares of the vitality firm’s inventory valued at $1,243,00zero after buying a further 2,798 shares over the past quarter. Griffin Asset Administration Inc. bought a brand new place in shares of Devon Vitality within the third quarter valued at roughly $1,437,00zero. Lastly, Piedmont Funding Advisors LLC grew its stake in shares of Devon Vitality by 14.zero% within the third quarter. Piedmont Funding Advisors LLC now owns 14,855 shares of the vitality firm’s inventory valued at $545,00zero after buying a further 1,830 shares over the past quarter. Institutional traders personal 77.64% of the corporate’s inventory.
Devon Vitality (NYSE DVN) traded up $1.43 on Friday, hitting $38.53. The inventory had a buying and selling quantity of eight,006,00zero shares, in comparison with its common quantity of four,772,155. Devon Vitality has a fifty-two week low of $28.79 and a fifty-two week excessive of $50.69. The inventory has a market cap of $20,250.00, a P/E ratio of 25.46, a P/E/G ratio of 1.16 and a beta of two.22. The corporate has a present ratio of 1.63, a fast ratio of 1.63 and a debt-to-equity ratio of zero.87.
Devon Vitality (NYSE:DVN) final launched its quarterly earnings knowledge on Tuesday, October 31st. The vitality firm reported $zero.46 EPS for the quarter, beating analysts’ consensus estimates of $zero.39 by $zero.07. Devon Vitality had a return on fairness of 6.88% and a internet margin of 11.62%. The enterprise had income of $three.16 billion for the quarter, in comparison with the consensus estimate of $three.13 billion. Throughout the identical quarter within the prior 12 months, the enterprise posted $1.89 EPS. The enterprise’s income for the quarter was up 9.5% on a year-over-year foundation. analysts forecast that Devon Vitality will put up 1.78 EPS for the present 12 months.
The enterprise additionally not too long ago introduced a quarterly dividend, which will probably be paid on Thursday, March 29th. Shareholders of file on Thursday, March 15th will probably be paid a $zero.06 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $zero.24 annualized dividend and a dividend yield of zero.62%. Devon Vitality’s dividend payout ratio (DPR) is presently eight.16%.
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About Devon Vitality
Devon Vitality Company is an impartial vitality firm. The Firm additionally controls EnLink Midstream Companions, L.P. (EnLink). The Firm’s segments embody U.S., Canada and EnLink. The Firm is engaged primarily within the exploration, improvement and manufacturing of oil, pure fuel and pure fuel liquids (NGLs).
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