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

34.00

Mkt cap

22B

Volume

8.5M

High

34.25

P/E Ratio

6.27

52-wk high

55.09

Low

33.39

Div yield

0.04

52-wk low

33.39

Devon Energy's short interest has increased by 3.02%, with 16.85 million shares sold short, representing 3.07% of its float. This is below the peer group average of 5.68%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 5:45 pm

Piper Sandler analyst Mark Lear maintains an Overweight rating on Devon Energy (NYSE:DVN) but lowers the price target from $65 to $57.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:28 am

Analysts have provided a range of ratings for Devon Energy (NYSE:DVN) over the past three months, with a mix of bullish, somewhat bullish, and indifferent sentiments. The average 12-month price target has slightly decreased to $58.3. Recent analyst actions include both downgrades and upgrades, reflecting varied perspectives on the company's performance. Devon Energy has shown strong financial metrics, including a high net margin and return on equity, despite facing some challenges in revenue growth compared to its peers.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 1:00 pm

Wells Fargo analyst Roger Read maintains an Overweight rating on Devon Energy (NYSE:DVN) but lowers the price target from $57 to $55.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:37 pm

Devon Energy (NYSE:DVN) has outperformed the market over the past 5 years with an average annual return of 14.93%, surpassing the market by 1.84% annually. A $1000 investment in DVN 5 years ago would be worth $2,090.43 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 5:00 pm

Shares of oil and gas companies are trading higher amid a rebound in the price of oil.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:49 pm

Devon Energy shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:19 pm

Devon Energy Corporation (NYSE:DVN) shares rose after the company reported strong Q2 results, beating earnings and revenue estimates. The company achieved record oil production and expanded its share repurchase program. Devon Energy also raised its oil production guidance for the full year.

Portfolio Pulse from Erica Kollmann

August 06, 2024 | 9:39 pm

Devon Energy shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:47 pm

Devon Energy expects its Q3 total capital expenditures to be between $870 million and $930 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:23 pm

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