Devon Energy Corporation (DVN) is anticipated to announce its latest quarterly earnings on Monday, May 4th, with a consensus estimate EPS of $0.98.
Trading at $49.41, DVN has seen a price increase of $1.21 (2.5%) from the previous close of $48.20. The trading volume stands at $3.58 million, representing a 24.29% increase compared to the average.
In the most recent quarterly earnings reported on Monday, February 16th, DVN surpassed expectations with an EPS of 91 cents, higher than the consensus estimate of 81 cents.
DVN offers a forward dividend yield of 1.94%, with a dividend per share MRQ of 24 cents. The year-over-year dividend per share has decreased by -33.7931 cents to 96 cents TTM.
With a free cash flow of $641 million and a net cash increase of $156 million, DVN shows positive cash flow management. Notably, $250 million was used for common stock repurchase.
DVN reported a revenue of $3.94 billion, generating a gross profit of $792 million. The company achieved an operating income of $657 million and a net income of $562 million.
Key ratios for DVN include a net profit margin of 14.27%, return on equity of 3.62%, and a price-to-earnings ratio of 10.12, indicating strong financial performance.
DVN's financial position shows total assets of $31.60 billion, with total liabilities standing at $16 billion, reflecting a healthy balance sheet.
This comprehensive overview highlights Devon Energy Corporation's robust financial performance and positive outlook for investors.
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. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.