Switch to:
Devon Energy Corp (NYSE:DVN)
3-Year Average Buyback Ratio
-0.40 (As of Jun. 2016)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

DVN' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -58.5   Max: 3.1
Current: -0.4

-58.5
3.1

During the past 13 years, Devon Energy Corp's highest 3-Year Average Share Buyback Ratio was 3.10. The lowest was -58.50. And the median was -0.30.

DVN's 3-Year Average Buyback Ratio is ranked higher than
81% of the 365 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -8.20 vs. DVN: -0.40 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK