BlackRock Group LTD now owns 5,994,498 shares of the energy company’s stock worth $164,488,000 after buying an additional 852,066 shares during the period. The number of shares now owned by investors are 131.04 mln. This leaves us with a quarter on quarter earnings per share growth of 56.80%. In addition, and the Company holds interest in Jackfish and Pike. RS Investment Management Co. Botty Investors LLC boosted its position in shares of Devon Energy Corp.by 181.8% in the second quarter. Devon Energy Corporation’s (DVN) is a part of Basic Materials sector and belongs to Independent Oil & Gas industry. Finally, Franklin Street Advisors Inc. Deutsche Bank AG reiterated a buy rating on shares of Devon Energy Corp.in a research note on Sunday, July 17th.
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In related news, Director Robert H. Henry sold 7,100 shares of Devon Energy Corp. stock in a transaction that occurred on Monday, June 20th. The most recent bid on the stock was registered at $37.62.
ATR value of company was 1.46 and Relative Strength Index (RSI) was 58.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The Company has 52-week high of $48.68 and 52-week low of $18.07. (NYSE:DVN) opened at 43.70 on Thursday. The 20 day simple moving average is 10.28% and the 200 day simple moving average is 32.45%.
There are now 523,599,000 shares in issue with a current share value of 43.33 giving Devon Energy Corporation a market capitalisation of 22.69B Dollars.
Just yesterday Devon Energy Corp (NYSE:DVN) traded 0.11% higher at $44.10.
Devon Energy Corporation (NYSE:DVN) had its stock rating maintained as “Overweight” in a report released by analysts at Barclays Capital. The performance this quarter is at 24.93% while the weekly performance is at 2.06%. The difference between Actual EPS and Estimated EPS was $0.01/share. The business’s revenue was down 26.7% compared to the same quarter a year ago. Average volume for Devon Energy Corporation, is 7525.83, and so far today it has a volume of 6941500.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016.
These analysts also forecasted Growth Estimates for the Current Quarter for DVN to be -90.8%.
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The ability for Devon Energy Corporation, to deal with debt, means it current ratio is 1.4, and quick ratio is 1.4. According to First Call, the consensus price target for the company is $39.68. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the stock. Devon Energy Corp. presently has a consensus rating of “Buy” and a consensus target price of $41.63. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Firm also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day.
