While the top- and bottom-line numbers for Devon Energy (DVN) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Devon Energy (DVN) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.41 per share a year ago.
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Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Devon Energy (DVN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
In the most recent trading session, Devon Energy (DVN) closed at $34.22, indicating a +0.74% shift from the previous trading day.
DVN's fourth-quarter earnings will benefit from strong production from high-margin domestic assets. Debt reduction and cost management will also act as tailwinds.
Devon Energy trades near multi-year lows despite stable to rising energy prices, presenting a unique investment opportunity. The company generates substantial cash flow and returns the capital to shareholders via a strong dividend and share buybacks. Devon Energy should benefit from higher natural gas prices and the potential for meaningful contribution to results after 15 years of low prices.
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Devon Energy (DVN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Devon Energy is rated a buy due to its compelling valuation, despite a 25% decline since August 2024 and recent oil price drops. Q3 2024 results showed strong production and revenue growth, beating estimates, with significant free cash flow and shareholder returns via buybacks and dividends. Risks include a weaker global economy, lower oil prices, and potential delays in new upstream assets impacting EPS growth forecasts.
The latest trading day saw Devon Energy (DVN) settling at $33.75, representing a -1.03% change from its previous close.
Devon Energy (DVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.