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.
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
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 |
Also Read: Chevron Stock Forecast 2022
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
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