DVN) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=DVN. The Company posted its financial results on October 31, 2017, for the third quarter fiscal 2017. The Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for TransGlobe Energy Corporation (NASDAQ: TGA), which also belongs to the Basic Materials sector as the Company Devon Energy. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=TGA

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Devon Energy most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

www.active-investors.com/registration-sg/?symbol=DVN

Earnings Highlights and Summary

For three months ended September 30, 2017, Devon Energy's total revenues decreased 25.4% to $3.16 billion from $4.23 billion in Q3 FY16. The Company's total revenue surpassed analysts' expectations of $3.15 billion.

For the reported quarter, the Company's total Oil and bitumen production was 233 thousand barrels per day (MBbls/d) compared to 251 thousand barrels per day (MBbls/d) in Q3 FY16. During Q3 FY17, the Company's total Natural gas liquids Production was 94 thousand barrels per day (MBbls/d) compared to 104 thousand barrels per day (MBbls/d) in the same period last year. For the reported quarter, the Company's total Gas production was 1,201 million cubic feet per day (MMcf/d) compared to 1,324 million cubic feet per day (MMcf/d) in Q3 FY16. During Q3 FY17, the Company's total production was 527,000 barrels of oil equivalent (Boe) per day compared to 577,000 barrels of oil equivalent (Boe) per day in the same period last year.

During Q3 FY17, the Company's realized price for natural gas was $2.57 per thousand cubic feet (Mcf) compared to $2.20 per thousand cubic feet (Mcf) in the same period last year. During Q3 FY17, the Company's total realized price increased 22.9% to $26.19 per Boe compared to $21.30 per Boe in the same period last year. The increase was due to higher commodities prices.

During Q3 FY17, Devon Energy's operating income decreased 77.7% to $326 million from $1.47 billion in the same period last year. During Q3 FY17, the Company's operating margin decreased 2430 basis points to 10.3% of revenue from 34.6% of revenue in the same period last year.

For the reported quarter, Devon Energy's net income decreased 77% to $228 million from $993 million in Q3 FY16. During Q3 FY17, the Company's diluted EPS decreased 77.2% to $0.43 from $1.89 in the same period last year. For the reported quarter, Devon Energy's adjusted net income was $242 million. For the reported quarter, the Company's adjusted diluted EPS increased 411.1% to $0.46 on a y-o-y basis from $0.09 in Q3 FY16. Adjusted diluted EPS surpassed analysts' expectations of $0.39.

Balance Sheet

As on September 30, 2017, Devon Energy's cash and cash equivalents increased 42% to $2.78 billion from $1.96 billion on December 31, 2016. For the reported quarter, the Company's long-term debt increased 2.3% to $10.38 billion from $10.15 billion in Q4 FY16.

For the reported quarter, the Company's accounts receivable increased 7.8% to $1.46 billion from $1.36 billion in the fourth quarter of 2016. For the reported quarter, the Company's accounts payables and accrued liabilities increased 24.1% to $797 million from $642 million in Q4 FY16.

During Q3 FY17, the Company's cash provided by operating activities increased 6.7% to $776 million from $727 million in the same period last year.

Outlook

For Q4 FY17, Devon Energy expects total production to be in the range of 551,000 barrels of oil equivalent (Boe) per day-571,000 barrels of oil equivalent (Boe) per day and estimates capital expenditure to be in the range of $740 million-$815 million.

Stock Performance Snapshot

December 06, 2017 - At Wednesday's closing bell, Devon Energy's stock declined 3.91%, ending the trading session at $36.88.

Volume traded for the day: 3.66 million shares.

Stock performance in the previous three-month period – up 13.86%; and past six-month period – up 17.12%

After yesterday's close, Devon Energy's market cap was at $18.66 billion.

Price to Earnings (P/E) ratio was at 12.54.

The stock has a dividend yield of 0.65%.

The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 483804

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Free Research Report as Devon Energy’s Adjusted EPS Soared 411.1%

Stock Monitor: TransGlobe Energy Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 07, 2017 / Active-Investors free earnings report on Devon Energy Corp. (NYSE: DVN) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=DVN. The Company posted its financial results on October 31, 2017, for the third quarter fiscal 2017. The Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for TransGlobe Energy Corporation (NASDAQ: TGA), which also belongs to the Basic Materials sector as the Company Devon Energy. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=TGA

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Devon Energy most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

www.active-investors.com/registration-sg/?symbol=DVN

Earnings Highlights and Summary

For three months ended September 30, 2017, Devon Energy's total revenues decreased 25.4% to $3.16 billion from $4.23 billion in Q3 FY16. The Company's total revenue surpassed analysts' expectations of $3.15 billion.

For the reported quarter, the Company's total Oil and bitumen production was 233 thousand barrels per day (MBbls/d) compared to 251 thousand barrels per day (MBbls/d) in Q3 FY16. During Q3 FY17, the Company's total Natural gas liquids Production was 94 thousand barrels per day (MBbls/d) compared to 104 thousand barrels per day (MBbls/d) in the same period last year. For the reported quarter, the Company's total Gas production was 1,201 million cubic feet per day (MMcf/d) compared to 1,324 million cubic feet per day (MMcf/d) in Q3 FY16. During Q3 FY17, the Company's total production was 527,000 barrels of oil equivalent (Boe) per day compared to 577,000 barrels of oil equivalent (Boe) per day in the same period last year.

During Q3 FY17, the Company's realized price for natural gas was $2.57 per thousand cubic feet (Mcf) compared to $2.20 per thousand cubic feet (Mcf) in the same period last year. During Q3 FY17, the Company's total realized price increased 22.9% to $26.19 per Boe compared to $21.30 per Boe in the same period last year. The increase was due to higher commodities prices.

During Q3 FY17, Devon Energy's operating income decreased 77.7% to $326 million from $1.47 billion in the same period last year. During Q3 FY17, the Company's operating margin decreased 2430 basis points to 10.3% of revenue from 34.6% of revenue in the same period last year.

For the reported quarter, Devon Energy's net income decreased 77% to $228 million from $993 million in Q3 FY16. During Q3 FY17, the Company's diluted EPS decreased 77.2% to $0.43 from $1.89 in the same period last year. For the reported quarter, Devon Energy's adjusted net income was $242 million. For the reported quarter, the Company's adjusted diluted EPS increased 411.1% to $0.46 on a y-o-y basis from $0.09 in Q3 FY16. Adjusted diluted EPS surpassed analysts' expectations of $0.39.

Balance Sheet

As on September 30, 2017, Devon Energy's cash and cash equivalents increased 42% to $2.78 billion from $1.96 billion on December 31, 2016. For the reported quarter, the Company's long-term debt increased 2.3% to $10.38 billion from $10.15 billion in Q4 FY16.

For the reported quarter, the Company's accounts receivable increased 7.8% to $1.46 billion from $1.36 billion in the fourth quarter of 2016. For the reported quarter, the Company's accounts payables and accrued liabilities increased 24.1% to $797 million from $642 million in Q4 FY16.

During Q3 FY17, the Company's cash provided by operating activities increased 6.7% to $776 million from $727 million in the same period last year.

Outlook

For Q4 FY17, Devon Energy expects total production to be in the range of 551,000 barrels of oil equivalent (Boe) per day-571,000 barrels of oil equivalent (Boe) per day and estimates capital expenditure to be in the range of $740 million-$815 million.

Stock Performance Snapshot

December 06, 2017 - At Wednesday's closing bell, Devon Energy's stock declined 3.91%, ending the trading session at $36.88.

Volume traded for the day: 3.66 million shares.

Stock performance in the previous three-month period – up 13.86%; and past six-month period – up 17.12%

After yesterday's close, Devon Energy's market cap was at $18.66 billion.

Price to Earnings (P/E) ratio was at 12.54.

The stock has a dividend yield of 0.65%.

The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 483804

Stock Monitor: TransGlobe Energy Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 07, 2017 / Active-Investors free earnings report on Devon Energy Corp. (NYSE: DVN) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=DVN. The Company posted its financial results on October 31, 2017, for the third quarter fiscal 2017. The Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for TransGlobe Energy Corporation (NASDAQ: TGA), which also belongs to the Basic Materials sector as the Company Devon Energy. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=TGA

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Devon Energy most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

www.active-investors.com/registration-sg/?symbol=DVN

Earnings Highlights and Summary

For three months ended September 30, 2017, Devon Energy's total revenues decreased 25.4% to $3.16 billion from $4.23 billion in Q3 FY16. The Company's total revenue surpassed analysts' expectations of $3.15 billion.

For the reported quarter, the Company's total Oil and bitumen production was 233 thousand barrels per day (MBbls/d) compared to 251 thousand barrels per day (MBbls/d) in Q3 FY16. During Q3 FY17, the Company's total Natural gas liquids Production was 94 thousand barrels per day (MBbls/d) compared to 104 thousand barrels per day (MBbls/d) in the same period last year. For the reported quarter, the Company's total Gas production was 1,201 million cubic feet per day (MMcf/d) compared to 1,324 million cubic feet per day (MMcf/d) in Q3 FY16. During Q3 FY17, the Company's total production was 527,000 barrels of oil equivalent (Boe) per day compared to 577,000 barrels of oil equivalent (Boe) per day in the same period last year.

During Q3 FY17, the Company's realized price for natural gas was $2.57 per thousand cubic feet (Mcf) compared to $2.20 per thousand cubic feet (Mcf) in the same period last year. During Q3 FY17, the Company's total realized price increased 22.9% to $26.19 per Boe compared to $21.30 per Boe in the same period last year. The increase was due to higher commodities prices.

During Q3 FY17, Devon Energy's operating income decreased 77.7% to $326 million from $1.47 billion in the same period last year. During Q3 FY17, the Company's operating margin decreased 2430 basis points to 10.3% of revenue from 34.6% of revenue in the same period last year.

For the reported quarter, Devon Energy's net income decreased 77% to $228 million from $993 million in Q3 FY16. During Q3 FY17, the Company's diluted EPS decreased 77.2% to $0.43 from $1.89 in the same period last year. For the reported quarter, Devon Energy's adjusted net income was $242 million. For the reported quarter, the Company's adjusted diluted EPS increased 411.1% to $0.46 on a y-o-y basis from $0.09 in Q3 FY16. Adjusted diluted EPS surpassed analysts' expectations of $0.39.

Balance Sheet

As on September 30, 2017, Devon Energy's cash and cash equivalents increased 42% to $2.78 billion from $1.96 billion on December 31, 2016. For the reported quarter, the Company's long-term debt increased 2.3% to $10.38 billion from $10.15 billion in Q4 FY16.

For the reported quarter, the Company's accounts receivable increased 7.8% to $1.46 billion from $1.36 billion in the fourth quarter of 2016. For the reported quarter, the Company's accounts payables and accrued liabilities increased 24.1% to $797 million from $642 million in Q4 FY16.

During Q3 FY17, the Company's cash provided by operating activities increased 6.7% to $776 million from $727 million in the same period last year.

Outlook

For Q4 FY17, Devon Energy expects total production to be in the range of 551,000 barrels of oil equivalent (Boe) per day-571,000 barrels of oil equivalent (Boe) per day and estimates capital expenditure to be in the range of $740 million-$815 million.

Stock Performance Snapshot

December 06, 2017 - At Wednesday's closing bell, Devon Energy's stock declined 3.91%, ending the trading session at $36.88.

Volume traded for the day: 3.66 million shares.

Stock performance in the previous three-month period – up 13.86%; and past six-month period – up 17.12%

After yesterday's close, Devon Energy's market cap was at $18.66 billion.

Price to Earnings (P/E) ratio was at 12.54.

The stock has a dividend yield of 0.65%.

The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 483804

Source URL: https://marketersmedia.com/free-research-report-as-devon-energys-adjusted-eps-soared-411-1/274968

Source: AccessWire

Release ID: 274968


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