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

Energy stocks are rising as oil prices increase following an Israeli airstrike on Hezbollah in Beirut. Israeli PM Netanyahu emphasized the right to address threats, impacting the energy sector.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 4:20 pm

Shares of oil and gas companies are experiencing a decline due to reports that Saudi Arabia might increase its oil output.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:39 pm

Recent options trading activity on Devon Energy (NYSE:DVN) shows a mix of bullish and bearish sentiment among large investors. The trading suggests a price range of $35 to $55 for DVN in the short term. Analysts have mixed ratings, with a consensus target price of $53.8.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 6:16 pm

UBS analyst Josh Silverstein maintains a Neutral rating on Devon Energy (NYSE:DVN) and lowers the price target from $53 to $47.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 2:17 pm

Morgan Stanley has maintained an Overweight rating on Devon Energy but has lowered the price target from $55 to $51.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 4:46 pm

Several large-cap stocks experienced significant declines last week, including Rentokil Initial, Ally Financial, Moderna, Humana, Tyson Foods, KE Holdings, Adobe, Ryanair, JPMorgan Chase, and Devon Energy. Factors such as revised guidance, credit challenges, reduced R&D expenses, and tempered analyst outlooks contributed to these declines.

Portfolio Pulse from Lekha Gupta

September 15, 2024 | 10:44 pm

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

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