Devon Energy Corp’s (NYSE:DVN) Sentiment is 0.8

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Sentiment for Devon Energy Corp (NYSE:DVN)

Devon Energy Corp (NYSE:DVN) institutional sentiment decreased to 0.8 in Q2 2019. Its down -0.15, from 0.95 in 2019Q1. The ratio fall, as 208 institutional investors opened new or increased holdings, while 259 trimmed and sold holdings in Devon Energy Corp. The institutional investors in our partner’s database now have: 308.94 million shares, down from 310.04 million shares in 2019Q1. Also, the number of institutional investors holding Devon Energy Corp in their top 10 holdings increased from 2 to 4 for an increase of 2. Sold All: 58 Reduced: 201 Increased: 148 New Position: 60.

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 and Canada. The company has market cap of $10.13 billion. It operates approximately 15,200 gross wells. It has a 2.93 P/E ratio. The firm also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants and treatment facilities.

The stock increased 2.08% or $0.51 during the last trading session, reaching $25.07. About 5.66M shares traded. Devon Energy Corporation (NYSE:DVN) has declined 40.08% since September 13, 2018 and is downtrending. It has underperformed by 40.08% the S&P500.

Analysts await Devon Energy Corporation (NYSE:DVN) to report earnings on November, 5. They expect $0.19 earnings per share, down 69.84 % or $0.44 from last year’s $0.63 per share. DVN’s profit will be $76.80M for 32.99 P/E if the $0.19 EPS becomes a reality. After $0.43 actual earnings per share reported by Devon Energy Corporation for the previous quarter, Wall Street now forecasts -55.81 % negative EPS growth.

Caymus Capital Partners L.P. holds 10.69% of its portfolio in Devon Energy Corporation for 1.70 million shares. Oslo Asset Management As owns 1.34 million shares or 9.83% of their US portfolio. Moreover, Elm Ridge Management Llc has 6.58% invested in the company for 286,423 shares. The Bahamas-based Key Group Holdings (Cayman) Ltd. has invested 5.42% in the stock. Poplar Forest Capital Llc, a California-based fund reported 1.42 million shares.

Devon Energy Corporation (NYSE:DVN) Ratings Coverage

Ratings analysis reveals 50% of Devon Energy Corp’s analysts are positive. Out of 4 Wall Street analysts rating Devon Energy Corp, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $3100 while the high is $4000. The stock’s average target of $36 is 43.60% above today’s ($25.07) share price. DVN was included in 7 notes of analysts from March 15, 2019. The rating was maintained by Morgan Stanley with “Hold” on Monday, June 24. Societe Generale maintained it with “Buy” rating and $35 target in Wednesday, March 20 report. RBC Capital Markets downgraded Devon Energy Corporation (NYSE:DVN) rating on Friday, March 15. RBC Capital Markets has “Hold” rating and $38 target. Wells Fargo maintained Devon Energy Corporation (NYSE:DVN) rating on Monday, May 20. Wells Fargo has “Outperform” rating and $4000 target. The firm has “Equal-Weight” rating given on Friday, July 12 by Morgan Stanley.

More notable recent Devon Energy Corporation (NYSE:DVN) news were published by: Finance.Yahoo.com which released: “Is Devon Energy Corporation’s (NYSE:DVN) CEO Overpaid Relative To Its Peers? – Yahoo Finance” on June 22, 2019, also Finance.Yahoo.com with their article: “What Are Analysts Expecting From Devon Energy Corporation (NYSE:DVN) Over The Next Year? – Yahoo Finance” published on July 10, 2019, Finance.Yahoo.com published: “Is Devon Energy Corporation (NYSE:DVN) An Attractive Dividend Stock? – Yahoo Finance” on May 13, 2019. More interesting news about Devon Energy Corporation (NYSE:DVN) were released by: Fool.com and their article: “5 Reasons This Beaten-Down Oil Stock Believes It’s Heading in the Right Direction – Motley Fool” published on August 26, 2019 as well as Finance.Yahoo.com‘s news article titled: “Those Who Purchased Devon Energy (NYSE:DVN) Shares Five Years Ago Have A 71% Loss To Show For It – Yahoo Finance” with publication date: August 27, 2019.

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart

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