| Devon Energy beats Street 3Q forecasts | |
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OKLAHOMA CITY (AP) _ Devon Energy Corp. (DVN) on Tuesday reported net income of $1.02 billion in its third quarter.
The Oklahoma City-based company said it had profit of $2.47 per share. Earnings, adjusted for non-recurring gains, came to $1.34 per share.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The oil and gas exploration company posted revenue of $5.34 billion in the period, also beating Street forecasts. Analysts expected $4.29 billion, according to Zacks.
Devon Energy shares have dropped 9.5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 9 percent. In the final minutes of trading on Tuesday, shares hit $56.02, a decline of 13 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. DVN stock research report from Zacks.
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Keywords:Devon Energy,Earnings Report
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Devon Energy Corporation
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CODE : DVN |
ISIN : US25179M1036 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Devon Energy est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Devon Energy détient divers projets d'exploration au Canada. Son principal projet en exploration est JACKFISH OIL SANDS PROJECT au Canada. Devon Energy est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 27,3 milliards US$ (25,5 milliards €). La valeur de son action a atteint son plus bas niveau récent le 18 août 1995 à 10,00 US$, et son plus haut niveau récent le 22 février 2008 à 99,19 US$. Devon Energy possède 525 000 000 actions en circulation. |