Devon EnergyNYSE: DVN

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Devon Energy (DVN) reachead $47.37 at the closing of the latest trading day, reflecting a -0.57% change compared to its last close.

OKLAHOMA CITY, June 25, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report second-quarter 2024 results on Tuesday, Aug. 6, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2024 results will be available on the company's website at www.devonenergy.com.

Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Devon Energy (DVN) closed at $45.65 in the latest trading session, marking a -0.24% move from the prior day.

DVN's hedging in FQ1'24 has not turned out as expected, triggering impacted top/ bottom lines. Combined with the management's intensified focus on balance sheet deleveraging and share count retirement, it is unsurprising that recent dividend payouts have underwhelmed. This is on top of its "price discipline as an acquirer," resulting in DVN missing out on multiple M&A activities observed in the oil/ gas sector thus far.

In the latest trading session, Devon Energy (DVN) closed at $46.85, marking a -0.93% move from the previous day.

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OKLAHOMA CITY, June 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that the company's board of directors has appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon's board in 2014 following his retirement from Chevron's executive team. He currently chairs the board's reserves committee while also serving on the board's compensation committee.