Devon Energy Reduces 2020 Capital Spending and Provides Financial Update
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.devonenergy.com/investors/events-presentations/default.aspx
Company Research
Source: GlobeNewswire
OKLAHOMA CITY, March 12, 2020 (GLOBE NEWSWIRE) -- In response to the challenging commodity price environment, Devon Energy (NYSE: DVN) has announced an immediate decrease in capital spending of $500 million for the full-year 2020. The revised capital budget of approximately $1.3 billion represents a decline of nearly 30 percent compared to its previously announced 2020 capital plan. The $500 million of capital reductions will be diversified across Devon’s portfolio, with the STACK and Powder River Basin assets receiving the most substantial cuts proportionally. To optimize go-forward investment, the company will focus its development activity in the Delaware Basin and Eagle Ford within the economic core of these top-tier plays. The company expects to provide a detailed update to its 2020 guidance in conjunction with first-quarter reporting. “With the challenging industry conditions, we are committed to taking decisive actions to protect our balance sheet and preserve liquidity,” s
Show less
Read more
Impact Snapshot
Event Time:
DVN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DVN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DVN alerts
High impacting Devon Energy Corporation news events
Weekly update
A roundup of the hottest topics
DVN
News
- Devon Energy Co. (NYSE: DVN) had its price target lowered by analysts at Wells Fargo & Company from $50.00 to $49.00. They now have an "overweight" rating on the stock.MarketBeat
- Devon Energy Co. (NYSE: DVN) was downgraded by analysts at Truist Financial Co. from a "buy" rating to a "hold" rating. They now have a $43.00 price target on the stock, down previously from $49.00.MarketBeat
- Fueled by a Recent Acquisition, This Oil Stock Is Optimistically Looking Ahead to 2025 and Beyond [Yahoo! Finance]Yahoo! Finance
- Devon Energy Corp (DVN) Q3 2024 Earnings Call Highlights: Record Production and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Decoding Devon Energy Corp (DVN): A Strategic SWOT Insight [Yahoo! Finance]Yahoo! Finance
DVN
Earnings
- 11/5/24 - Beat
DVN
Sec Filings
- 11/6/24 - Form 10-Q
- 11/5/24 - Form 8-K
- 10/3/24 - Form 8-K
- DVN's page on the SEC website