| Devon Energy reports 4Q loss | |
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OKLAHOMA CITY (AP) _ Devon Energy Corp. (DVN) on Tuesday reported a fourth-quarter loss of $408 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Oklahoma City-based company said it had a loss of $1.01. Earnings, adjusted for one-time gains and costs, came to 83 cents per share.
The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The oil and gas exploration company posted revenue of $6 billion in the period, which beat Street forecasts. Analysts expected $4.2 billion, according to Zacks.
For the year, the company reported net income of $1.61 billion, or $3.91 per share, swinging to a profit in the period. Revenue was reported as $19.57 billion.
Devon Energy shares have climbed roughly 9 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2 percent. In the final minutes of trading on Tuesday, shares hit $66.65, a climb of slightly more than 7 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DVN at http://www.zacks.com/ap/DVN
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Keywords: Devon Energy, Earnings Report
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Devon Energy Corporation
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CODE : DVN |
ISIN : US25179M1036 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Devon Energy est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Devon Energy détient divers projets d'exploration au Canada. Son principal projet en exploration est JACKFISH OIL SANDS PROJECT au Canada. Devon Energy est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 27,4 milliards US$ (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. |