| Devon Energy reports 1Q loss | |
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OKLAHOMA CITY (AP) _ Devon Energy Corp. (DVN) on Tuesday reported a loss of $3.06 billion in its first quarter.
On a per-share basis, the Oklahoma City-based company said it had a loss of $6.44. Losses, adjusted for asset impairment costs and non-recurring costs, were 53 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The oil and gas exploration company posted revenue of $2.13 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $2.59 billion.
Devon Energy shares have increased slightly more than 2 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1 percent. In the final minutes of trading on Tuesday, shares hit $32.75, a drop of 53 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DVN at http://www.zacks.com/ap/DVN
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Keywords: Devon Energy, Earnings Report
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Devon Energy Corporation
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CODE : DVN |
ISIN : US25179M1036 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Devon Energy est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Devon Energy détient divers projets d'exploration au Canada. Son principal projet en exploration est JACKFISH OIL SANDS PROJECT au Canada. Devon Energy est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 25,6 milliards US$ (23,6 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. |