Company Update (NYSE:DVN): Devon Energy to Present at Credit Suisse Annual Energy Summit

[Business Wire] – Devon Energy Corp. announced today that Dave Hager, president and chief executive officer, will present at the Credit Suisse Annual Energy Summit on Tuesday, Feb. 23, 2016, at 10:55 a.m. Read more on this. Devon Energy Corporation (DVN) , with a current value of $9.19B, opened this morning at $22.73. During the trading session, DVN traded between $22.29 to $23.40 with the price of the stock fluctuating between $19.69 to $70.48 over the last 52 weeks. DVN shares are currently priced at 9.59x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 15.97x earnings multiple. The company pays shareholders $0.96 per share in dividend income per year, for a current yield of 3.86%. Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $0.71 per share, which would be $0.12 worse than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $2.47, which would be a $2.44 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.63 Billion. If realized, that would be a 39.50% decrease over the year-ago quarter. More recently, Barclays upgraded DVN from Equal Weight to Overweight (Jan 11, 2016). Previously, Guggenheim upgraded DVN from Neutral to Buy. The average price target for DVN shares is $42.18, which is 85.57% above where the stock opened this morning. See more in (NYSE:DVN) Similar Articles: Company Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy to Report Fourth-Quarter and Full-Year 2015 Results Feb. 16; Conference Call Scheduled for Feb. 17 Stock Update: Devon Energy Corporation (NYSE:DVN) – Devon Energy Announces Fourth-Quarter Cash Dividend for Common Stockholders Company Update (NYSE:DVN): Devon Energy to Present at Barclays CEO Energy-Power Conference