By Mill Chart
Last update: Apr 11, 2024
DEVON ENERGY CORP (NYSE:DVN) is a hidden gem unveiled by our stock screening tool, featuring a promising dividend outlook alongside solid fundamentals. NYSE:DVN demonstrates decent financial health and profitability while ensuring a sustainable dividend. Let's break it down further.
ChartMill assigns a proprietary Dividend Rating to each stock. The score is computed by evaluating various valuation aspects, like the yield, the history, the dividend growth and sustainability. NYSE:DVN was assigned a score of 7 for dividend:
Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:DVN has achieved a 6 out of 10:
ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NYSE:DVN has earned a 6 out of 10:
More Best Dividend stocks can be found in our Best Dividend screener.
Check the latest full fundamental report of DVN for a complete fundamental analysis.
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
DEVON ENERGY CORP
NYSE:DVN (4/29/2024, 5:40:00 PM)
After market: 53.1 +0.02 (+0.04%)53.08
+0.37 (+0.7%)
Devon Energy is focused on returning value to shareholders via dividends and share buybacks, but it's still an energy producer.
Wall Street continues to warm to the stock as the price of oil stays above $80 a barrel.
Wall Street continues to warm to the stock as the price of oil stays above $80 a barrel.
Strong industry dynamics have an analyst bullish on Devon Energy's prospects.
Strong industry dynamics have an analyst bullish on Devon Energy's prospects.
The energy sector continues to be an excellent opportunity for income and value-orientated investors.
The energy sector continues to be an excellent opportunity for income and value-orientated investors.
The company's ultimate dividend level will be determined by the price of oil and management's capital allocation policy.
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