Last $74.08 USD
Change Today -1.34 / -1.78%
Volume 1.9M
DVN On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

devon energy corporation (DVN) Snapshot

Open
$75.30
Previous Close
$75.42
Day High
$75.34
Day Low
$73.55
52 Week High
06/30/14 - $80.63
52 Week Low
09/3/13 - $56.99
Market Cap
30.3B
Average Volume 10 Days
1.8M
EPS TTM
$4.42
Shares Outstanding
409.1M
EX-Date
09/10/14
P/E TM
16.8x
Dividend
$0.96
Dividend Yield
1.21%
Current Stock Chart for DEVON ENERGY CORPORATION (DVN)

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devon energy corporation (DVN) Details

Devon Energy Corporation, an independent energy company, is engaged primarily in the exploration, development, and production of oil, natural gas, and natural gas liquids. The company holds interests in various properties located in Anadarko Basin, Barnett Shale, Mississippian-Woodford Trend, Permian Basin, Rockies, and other regions in the United States. It also owns oil and gas properties in Canada. As of December 31, 2013, the company had 701 MMBoe of proved undeveloped reserves. It also operates approximately 24,000 wells. In addition, Devon Energy Corporation offers marketing and midstream services, such as gathering, compression, treating, processing, fractionation, and marketing services to the company and other third parties. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

5,900 Employees
Last Reported Date: 02/28/14
Founded in 1971

devon energy corporation (DVN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.4M
Chief Operating Officer
Total Annual Compensation: $830.5K
Executive Vice President and General Counsel
Total Annual Compensation: $875.6K
Executive Vice President of Exploration & Pro...
Total Annual Compensation: $589.8K
Executive Vice President of Marketing, Facili...
Total Annual Compensation: $689.1K
Compensation as of Fiscal Year 2013.

devon energy corporation (DVN) Key Developments

Devon Energy Corporation Reports Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014

Devon Energy Corporation reported consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $4,510 million compared to $3,088 million a year ago. Operating income was $1,774,000 compared to $1,100,000 a year ago. Earnings before income taxes was $1,554 million compared to $997 million a year ago. Net earnings were $700 million or $1.64 per diluted share compared to $683 million or $1.68 per diluted share a year ago. Net cash from operating activities was $2,049 million compared to $1,396 million a year ago. Capital expenditures were $1,758 million compared to $1,643 million a year ago. Adjusted earnings were $574 million or $1.40 per diluted share. For the six months, the company reported total revenues of $8,235 million compared to $5,059 million a year ago. Operating income was $2,464,000 compared to operating loss of $757,000 a year ago. Earnings before income taxes was $2,114 million compared to loss before income taxes of $965 million a year ago. Net earnings were $1,029 million or $2.44 per diluted share compared to net loss of $656 million or $1.63 per diluted share a year ago. Net cash from operating activities was $3,459 million compared to $2,398 million a year ago. Capital expenditures were $3,341 million compared to $3,569 million a year ago. Total debt (GAAP) was $12,355 million compared to $10,150 million a year ago. Net debt (Non-GAAP) was $10,649 million compared to $5,918,000 a year ago. For the quarter, the company reported average daily production of total natural gas was 1,931 MMcf compared to 2,440 MMcf a year ago. Average daily production of Oil /Bitumen was 209 MBbls compared to 169 MBbls a year ago. Average daily natural gas liquids production of 136 MBbls compared to 122 MBbls a year ago. Average daily oil equivalent production was 667 MBoe against 698 MBoe a year ago. For the six months, the company reported average daily production of Natural Gas was 2,061 MMcf compared to 2,432 MMcf a year ago. Average daily production of Oil /Bitumen was 200 MBbls compared to 166 MBbls a year ago. Average daily production of natural gas liquids was 136 MBbls compared to 121 MBbls a year ago. Average daily production of total oil equivalent was 679 MBoe compared to 692 MBoe a year ago.

Linn Energy Mulls Divesting Assets

Linn Energy, LLC (NasdaqGS:LINE) plans to sell its position in the Granite Wash and Cleveland plays located in the Texas Panhandle and western Oklahoma to finance acquisition of assets in five United States operating areas from Devon Energy Corporation (NYSE:DVN). Potential excess proceeds from the sale of assets, if any, will be used initially to reduce debt and for general corporate purposes.

Devon Energy Corporation Declares A Quarterly Cash Dividend for the Third Quarter of 2014, Payable on September 30, 2014

Devon Energy Corporation announced that its board of directors declared a quarterly cash dividend on Devon's common stock for the third quarter of 2014. The dividend is payable on September 30, 2014 at a rate of $0.24 per share based on a record date of September 12, 2014.

 

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DVN:US $74.08 USD -1.34

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Industry Analysis

DVN

Industry Average

Valuation DVN Industry Range
Price/Earnings 18.8x
Price/Sales 2.1x
Price/Book 1.4x
Price/Cash Flow 6.7x
TEV/Sales 0.8x
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