Devon Energy (DVN) Getting Somewhat Positive Media Coverage, Analysis Shows

Shares buyback plans are generally a sign that the company's management believes its stock is undervalued. Contravisory Investment Management Inc who had been investing in Cms Energy Corp for a number of months, seems to be less bullish one the $12.10 billion market cap company. The stock increased 1.33% or $0.91 during the last trading session, reaching $69.27. The company's stock had a trading volume of 9,140,000 shares, compared to its average volume of 9,060,000. It has underperformed by 3.46% the S&P500. Graham Capital Management Lp bought 550,500 shares as the company's stock declined 6.00% while stock markets rallied. 396.57 million shares or 0.97% less from 400.45 million shares in 2017Q2 were reported. South Dakota Investment Council who had been investing in Devon Energy Corp New for a number of months, seems to be bullish on the $17.19B market cap company. The company has market cap of $9.93 million. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since March 10, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Tradition Capital Management Llc, which manages about $456.39 million and $308.60 million US Long portfolio, decreased its stake in Stryker Corp (NYSE:SYK) by 3,720 shares to 10,065 shares, valued at $1.43M in 2017Q3, according to the filing. It also reduced its holding in Select Sector Spdr Tr (XLF) by 421,778 shares in the quarter, leaving it with 2.31 million shares, and cut its stake in Tesla Inc (Put) (NASDAQ:TSLA). The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 1.45. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.00%. Icm Asset Inc Wa invested in 11,550 shares. 75 funds opened positions while 209 raised stakes. The shares were sold at an average price of $38.29, for a total transaction of $490,035.42. Macquarie Grp has invested 0.02% in CMS Energy Corporation (NYSE:CMS). Centre Asset Mgmt Ltd Liability holds 227,010 shares. Financial Bank Of Hawaii holds 6,935 shares or 0.02% of its portfolio. Brave Asset holds 0.24% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 12,700 shares. Montag A & Associate accumulated 245,248 shares. About 3,249 shares traded. Davenport & Ltd Liability Com has 16,108 shares. Teacher Retirement System Of Texas reported 440,118 shares or 0.1% of all its holdings. Finally, Icon Wealth Partners LLC acquired a new position in shares of Devon Energy during the fourth quarter worth about $144,000. Girard Prtnrs Limited holds 34,209 shares or 0.18% of its portfolio. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since March 11, 2017 and is uptrending.

Among 38 analysts covering Devon Energy Corporation (NYSE:DVN), 25 have Buy rating, 0 Sell and 13 Hold. Therefore 67% are positive. As per Friday, November 10, the company rating was maintained by Cowen & Co. The company was maintained on Tuesday, January 2 by Robert W. Baird. The company was downgraded on Wednesday, October 28 by UBS. FNY Managed Accounts LLC purchased a new stake in Devon Energy in the third quarter worth about $134,000. Credit Suisse has "Outperform" rating and $37 target. The rating was upgraded by Bank of America on Wednesday, September 20 to "Buy".

Several brokerages have recently weighed in on DVN. As per Monday, November 20, the company rating was maintained by Barclays Capital.

Investors sentiment decreased to 0.88 in 2017 Q3.


Devon Energy Corporation (NYSE:DVN)'s stock on Thursday traded at beginning with a price of $ 31.79 and when day-trade ended the stock finally edged up 4.65% to reach at $32.39. Citigroup reported 7,213 shares. Moreover, Canada Pension Plan Investment Board has 0.05% invested in Devon Energy Corporation (NYSE:DVN). The institutional investor held 242,877 shares of the oil & gas production company at the end of 2017Q3, valued at $8.92M, up from 204,138 at the end of the previous reported quarter. Meeder Asset Mngmt reported 0.02% stake. Dynamic Management has invested 0.16% in Hess Corporation (NYSE:HES). Johnson Fincl Group owns 127,159 shares. Sg Americas Secs Lc has 157,289 shares for 0.05% of their portfolio. Hbk Limited Partnership accumulated 299,956 shares. Hartford Management, Connecticut-based fund reported 58,029 shares. Commonwealth Equity Services reported 11,418 shares stake.

Media stories about Devon Energy (NYSE:DVN) have trended somewhat positive this week, according to Accern.

Analysts await Black Hills Corporation (NYSE:BKH) to report earnings on May, 2. Over the a year ago Company's shares have been trading in the range of $28.79 and $45.16. After $0.98 actual earnings per share reported by Black Hills Corporation for the previous quarter, Wall Street now forecasts 59.18% EPS growth.

Among 22 analysts covering Hess Corp. PLC (NYSE:IGT), 5 have Buy rating, 2 Sell and 1 Hold. Black Hills Corp had 33 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has "Hold" rating by Piper Jaffray given on Tuesday, January 9. The firm issued a neutral rating and a $35.00 target price on the energy company's stock. Telsey Advisory Group maintained it with "Outperform" rating and $27 target in Friday, May 26 report. The stock of Black Hills Corporation (NYSE:BKH) has "Buy" rating given on Sunday, September 10 by RBC Capital Markets. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has "Neutral" rating by JP Morgan on Wednesday, February 7. In this case performance of tends to percentage rate of return for a stock for a given time frame. The rating was maintained by Argus Research on Tuesday, August 23 with "Buy". As per Tuesday, January 19, the company rating was upgraded by Williams Capital Group.

Related Articles