Streetbeat News

DVN

Devon Energy Corporation

https://www.devonenergy.com

Industry

Oil & Gas Exploration & Production

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.

Open

33.61

Mkt cap

22B

Volume

8.4M

High

34.58

P/E Ratio

7.58

52-wk high

55.09

Low

33.44

Div yield

0.04

52-wk low

30.39

JP Morgan analyst Arun Jayaram maintains an Overweight rating on Devon Energy but lowers the price target from $64 to $51.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 4:06 pm

Deep-pocketed investors are showing a bearish sentiment towards Devon Energy (NYSE:DVN) through significant options activity. The majority of these investors are betting on a price range between $35.0 and $57.5. Despite a recent price drop, analysts have mixed ratings with an average target price of $58.0.

Portfolio Pulse from Benzinga Insights

September 10, 2024 | 4:01 pm

Susquehanna analyst Biju Perincheril maintains a Positive rating on Devon Energy but lowers the price target from $65 to $63.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:43 pm

Devon Energy (NYSE:DVN) has received mixed analyst ratings over the last quarter, with a range of bullish to bearish sentiments. The average 12-month price target has decreased to $58.08 from $59.73. Analysts have adjusted their ratings and price targets, reflecting their response to recent developments. Devon Energy is a significant player in the oil and gas sector, with strong financial performance indicators such as net margin and return on equity.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 5:00 pm

Oil and gas company shares are declining due to reports of a potential deal to restart Libyan oil production and exports.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:33 pm

RBC Capital analyst Scott Hanold has reiterated a Sector Perform rating for Devon Energy, maintaining a price target of $57.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:35 pm

Devon Energy (NYSE:DVN) has delivered an average annual return of 15.08% over the past 5 years, outperforming the market by 1.14% annually. A $1000 investment in DVN 5 years ago would be worth $2,018.56 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 8:30 pm

Oil prices surged due to Middle East tensions and Libya's potential production halt, impacting energy stocks. WTI crude rose over 3%, marking a strong rally. Energy stocks like ConocoPhillips and ETFs such as XLE, OIH, and XOP saw gains.

Portfolio Pulse from Piero Cingari

August 26, 2024 | 1:49 pm

Jim Cramer shared his views on several stocks, recommending buying Micron Technology and selling some Iron Mountain shares. He praised L3Harris Technologies and Crane Company, while expressing concerns about Intel's performance against AMD. Cramer also mentioned Devon Energy and Arm Holdings.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 12:43 pm

Devon Energy Inc. (NYSE:DVN) is trading at $43.98, with a recent increase of 0.31%. Despite this, the stock has decreased by 4.97% over the past month and 12.79% over the past year. Its P/E ratio of 7.93 is lower than the industry average of 17.64, suggesting potential undervaluation or low future growth expectations.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 4:00 pm

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