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Market Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy to Present at J.P. Morgan Inaugural Energy Equity Conference

[Business Wire] – Devon Energy Corp. announced today that Dave Hager, president and chief executive officer, will present at the J.P. Morgan Inaugural Energy Equity Conference on Wednesday, June 29, 2016, at 11:20 a.m. Read more on this. Devon Energy Corporation (DVN) , valued at $18.58B, started the session at $35.42. During the trading session, DVN traded between $34.67 to $36.01 and has traded between $18.07 and $63.41 over the past 12 months. Devon Energy (DVN) shares are currently priced at -37.82x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -10.62x earnings multiple for the same period. The company pays shareholders $0.24 per share in dividend income per year, for a current yield of 0.68%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $-0.26 per share, which would be $0.78 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $-0.94, which would be a $3.46 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.26 Billion. If realized, that would be a 33.33% decrease over the year-ago quarter. In terms of ratings, Johnson Rice upgraded DVN from Hold to Accumulate (May 19, 2016). Previously, Wunderlich Initiated DVN at to Buy. The average price target for DVN shares by the analysts covering it is $39.47, which is 11.43% above where the stock opened. See more in (NYSE:DVN) Similar Articles: Company Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy to Present at Barclays Americas Select Conference Market Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy to Report First-Quarter 2016 Results May 3; Conference Call Scheduled for May 4 Company Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy to Report Fourth-Quarter and Full-Year 2015 Results Feb. 16; Conference Call Scheduled for Feb. 17
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