Wolfe Research Downgrades Devon Energy (DVN) to Peerperform

Devon Energy (DVN) Prices Upsized Offering at $18.75

Late Wednesday, Devon Energy Corporation (NYSE: DVN) announced that it has priced an upsized public offering of 69,000,000 shares of its common stock at a price to the public of $18.75 per share. Net proceeds from the offering are expected to be used for general corporate... More

Devon Energy (DVN) Announces 55M Common Stock Offering

Devon Energy Corporation (NYSE: DVN) announced that it intends to commence a registered public offering of 55,000,000 shares of its common stock, subject to market conditions. The Company also expects to grant the underwriters an option to purchase up to 8,250,000 additional shares of stock at the... More

Devon Energy (DVN) Tops Q4 EPS by 6c, Lowers Dividend, Cuts Workforce

Devon Energy (NYSE: DVN) reported Q4 EPS of $0.77, $0.06 better than the analyst estimate of $0.71.

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Devon Energy Corp. (NYSE: DVN) today announced core earnings of $319 million, or $0.77 per diluted share, for the fourth quarter of 2015. On a reported basis, due to non-cash, asset-impairment charges, the Company had a net loss of $4.5 billion, or $11.12 per diluted share, for the fourth quarter of 2015.

Devons operating cash flow totaled $1.1 billion in the quarter, a 12 percent increase compared to the fourth quarter of 2014. For the full-year 2015, operating cash... More

Devon Energy (DVN) Lowers Quarterly Dividend 75% to $0.06; 1.1% Yield

Devon Energy (NYSE: DVN) declared a quarterly dividend of $0.06 per share, or $0.24 annualized. This is a 75% decrease from the prior dividend of $0.24.

The dividend will be payable on June 30, 2016, to stockholders of record on June 15, 2016, with an ex-dividend date of June 13,... More