DVN Stock Forecast: Stock Rises as dividend increases.

DVN Stock Forecast: The stock is expected to trade between $51.37 and $52.94. The overall recommendation is Hold.

Table of Contents

DVN Stock Forecast: Latest Price

DVN Stock Forecast: Performance Chart

Stock Name	5 Days	1 Month	6 Months	1 Year
DVN	-2.68%	-12.96%	+4.67%	+111.43%

DVN Stock: Latest Tweet

🚀🚀 Trending Stocks 🚀🚀 on Twitter: “American Upstream Oil & Gas stocks YTD #OOTT : $BP is down -0.5% $COP is up 14.7% $CVX is up 17.6% $DVN is up 19.6% $MRO is up 24.4% $OXY is up 89.8% $SLB is up 2.5% $XOM is up 35.9% pic.twitter.com/N9RXGASFXH / Twitter”
American Upstream Oil & Gas stocks YTD #OOTT : $BP is down -0.5% $COP is up 14.7% $CVX is up 17.6% $DVN is up 19.6% $MRO is up 24.4% $OXY is up 89.8% $SLB is up 2.5% $XOM is up 35.9% pic.twitter.com/N9RXGASFXH

DVN Stock Forecast: Today’s Outlook

Indicator	Trend
Overall Outlook	Neutral
Market Data
Market Cap	Higher
Technical	Hold
Trading Volume	Lower
Crowd’s Wisdom
Google Search Volume	Higher
Social Media Sentiment	Lower

DVN Stock: Latest News

Devon has been planning to expand its position in Williston Basin and agreed to buy cash-flowing oil and gas assets. It is expected that the company will increase the dividend by 13% once the deal is finalized.
Over the past four weeks, DVN lost 34.6%, and it became oversold.

DVN Stock Forecast 2022

Even after being oversold, Devon continues to have a rating of “2” on Zacks which means buy. It had an RSI rating of 29.5 indicating overselling but, momentum investors might be interested in it -There is expected to be a turn-around in the trend. The EPS was revised by increasing it by 3.2%.

The yield for DVN would be attractive to growth investors as well. Dividend payments have been increased this year by 0.5% and are projected to rise further as well once their agreement is closed. The price forecast for DVN has a high of $103 and a low of $57. The earnings estimate is $2.3 for the 2nd quarter of 2022 and the revenue is expected to be $4B.

DVN Stock Forecast: Latest Video

DVN Stock Forecast: First Quarter Earnings Summary

In the first quarter of 2022, DVN reported earnings of $1.5 per share. The EPS delivered a surprise of 7.6% i.e. exceeded analyst expectations.
The reported revenue was $3.5B.
A fixed-plus-variable dividend model was announced which made $1.3 payable in June 2022. This shows a 27% increase.
The share repurchase authorization was made at $2B representing a 25% increase.

DVN Stock Forecast: Google Trends

DVN Stock Forecast: Technical Analysis

– Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions