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Last €59.99 EUR
Change Today +0.378 / 0.63%
Volume 0.0
DY6 On Other Exchanges
Symbol
Exchange
New York
Mexico
Frankfurt
As of 1:14 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

devon energy corp (DY6) Snapshot

Open
€59.21
Previous Close
€59.61
Day High
€61.07
Day Low
€59.19
52 Week High
04/15/15 - €63.14
52 Week Low
12/16/14 - €41.87
Market Cap
24.7B
Average Volume 10 Days
67.2
EPS TTM
--
Shares Outstanding
411.1M
EX-Date
06/11/15
P/E TM
--
Dividend
€0.96
Dividend Yield
1.31%
Current Stock Chart for DEVON ENERGY CORP (DY6)

devon energy corp (DY6) Details

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada. It holds interests in various properties located in Anadarko Basin, Barnett Shale, Eagle Ford, Mississippian-Woodford Trend, Permian Basin, and Rockies in the United States, as well as in the Jackfish and Pike heavy oil projects located in Alberta, Canada. As of December 31, 2014, the company had 689 MMBoe of proved undeveloped reserves. It operates approximately 19,000 wells. The company also offers marketing and midstream services, including gathering, transmission, processing, fractionation, and marketing to producers of natural gas, NGLs, crude oil, and condensate through its natural gas pipelines, plants, and treatment facilities. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

6,600 Employees
Last Reported Date: 02/20/15
Founded in 1971

devon energy corp (DY6) Top Compensated Officers

Vice Chairman, Chief Executive Officer and Pr...
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $818.1K
Chief Operating Officer
Total Annual Compensation: $895.4K
Executive Vice President of Exploration & Pro...
Total Annual Compensation: $634.6K
Executive Vice President of Marketing, Facili...
Total Annual Compensation: $715.2K
Compensation as of Fiscal Year 2014.

devon energy corp (DY6) Key Developments

Devon Energy Corporation Reports Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Second Quarter and Full Year of 2015; Reports Impairment for the First Quarter Ended March 31, 2015

Devon Energy Corporation reported consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported total operating revenues was $3,265 million against $3,725 million a year ago. Operating loss was $5,495 million against operating income of $690 million a year ago. Loss before income taxes was $5,624 million against earnings before income taxes of $560 million a year ago. Net loss attributable to the company was $3,599 million or $8.88 against per diluted share against net income attributable to the company of $324 million or $0.79 against per diluted share a year ago. Net cash from operating activities was $1,648 million against $1,410 million a year ago. Capital expenditures were $1,717 million against $1,583 million a year ago. Acquisitions of property, equipment and businesses were $404 million against $5,935 million a year ago. Net debt was $7,507 million against $11,974 million a year ago. For the quarter, the company’s total production from Devon's retained asset base averaged 685,000 oil-equivalent barrels (Boe) per day during the first quarter of 2015. This result exceeded the top end of the Company's guidance range by 12,000 Boe per day and represents a 22% increase compared to the first quarter of 2014. Liquids accounted for 60% of the Company's production mix. Devon delivered record oil production of 272,000 barrels per day in the first quarter. This result also exceeded the top end of the Company's guidance range by 12,000 barrels per day and represents a 55% increase compared to the first quarter of 2014. The most significant growth came from the Company's U.S. operations, where oil production increased a substantial 72% for the quarter year over year. The strong growth in U.S. production was largely attributable to prolific well results from the Company's Eagle Ford assets. Net production in the Eagle Ford averaged 122,000 Boe per day in the first quarter, a 23% increase compared to the fourth quarter of 2014 and nearly a 140% increase in production compared to Devon's first month of ownership in March 2014. In addition, the Company achieved another quarter of strong production growth in the Delaware Basin, where net production averaged 53,000 Boe per day, an increase of 15% compared to the fourth quarter of 2014. For the second quarter, the company expects total oil and bitumen to be 260 MBbls/d to 270 MBbls/d, total natural gas liquids to be 1,620 MMcf/d to 1,670 MMcf/d and total oil equivalent to be 660 MBoe/d to 688 MBoe/d. Depreciation, depletion and amortization to be $13.50 per Boe to $14.50 per Boe. Total income tax rate in the range of 30.0% to 40.0%. Capital expenditures in the range of $1,100 million to $1,250 million. For the full year 2015, the company expects total oil and bitumen to be 260 MBbls/d to 280 MBbls/d, total natural gas liquids to be 1,570 MMcf/d to 1,620 MMcf/d and total oil equivalent to be 649 MBoe/d to 684 MBoe/d. Depreciation, depletion and amortization to be $13.75 per Boe to $14.75 per Boe. Total income tax rate in the range of 30.0% to 40.0%. Capital expenditures in the range of $4,510 million to $4,910 million. For the first quarter of 2015, the company reported asset impairments of $5,460 million.

Devon Energy Corporation to Report Q1, 2015 Results on May 05, 2015

Devon Energy Corporation announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 05, 2015

Devon Energy Corporation, Q1 2015 Earnings Call, May 06, 2015

Devon Energy Corporation, Q1 2015 Earnings Call, May 06, 2015

 

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Industry Analysis

DY6

Industry Average

Valuation DY6 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.6x
Price/Book 1.5x
Price/Cash Flow 22.9x
TEV/Sales 0.5x
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