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Devon Energy Corp (NYSE:DVN)
3-Year Average Buyback Ratio
0.90 (As of Sep. 2015)

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: -42.8   Max: 3.4
Current: 0.9

-42.8
3.4

During the past 13 years, Devon Energy Corp's highest 3-Year Average Share Buyback Ratio was 3.40. The lowest was -42.80. And the median was -0.40.

DVN's 3-Year Average Buyback Ratio is ranked higher than
91% of the 364 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.40 vs. DVN: 0.90 )

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

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