Devon Energy: Undervalued Play For Opportunistic Investors - Maintain Buy
DVN's FQ2'24 results deliver a much improved hedging result, significantly aided by the still elevated crude oil and natural gas spot prices. This is on top of the higher production volumes and the additional high-margin volumes from the soon-to-be-completed Grayson Mill Energy acquisition. DVN's strategic capital allocation across the balance sheet deleveraging, shareholder returns, and acquisitions have worked out extremely well indeed.
Fueled by a $5 Billion Acquisition, This Oil Stock Expects 2025 to Be "Exceptionally Strong"
Devon Energy's deal for Grayson Mill Energy should move the needle. The company expects it to fuel double-digit oil and free cash flow growth next year.
Investors Heavily Search Devon Energy Corporation (DVN): Here is What You Need to Know
Devon Energy (DVN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Devon Energy: A Strong Q2, Positioned For Growth In 2025
Devon Energy has closely followed the price of WTI crude oil, with both trading sideways since 2022. Devon reported a strong set of Q2 results, including hiking guidance. The company is set to grow earnings with ongoing revenue gains and is committed to returning capital to shareholders. Despite a modest acquisition, a major debt-heavy deal is unlikely, positioning Devon well for future growth and shareholder value.
8% Return Yield At Potential $80 - Why I Believe Devon Energy Is A Steal
Devon Energy's strong production in key basins and strategic acquisitions drive its growth, positioning it as a major player in the U.S. oil industry. The company's focus on shareholder returns, through dividends and buybacks, is supported by its low breakeven prices and healthy balance sheet. Despite recent underperformance, Devon's attractive valuation and potential for substantial gains make it a compelling buy for those who can handle volatility.
Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Devon Energy Stock.
Devon Energy just declared a dividend of $0.44 per share for Q2, versus $0.35 a share in Q1. The oil stock's dividend policy and growth plans hint at bigger dividends in the coming quarters.
Is It Worth Investing in Devon Energy (DVN) Based on Wall Street's Bullish Views?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
3 High-Yield Oil Stocks to Buy if You Need a Portfolio Boost
Fossil fuels might seem anachronistic given the push for clean and renewable energy. However, the harsh reality is that the world continues to run on hydrocarbons.
This Top Oil Stock Continues to Send Investors More Cash
Devon Energy's cash flow grew by 9% in the second quarter, fueled by record oil production. The company returned cash to investors via its base dividend, variable dividend, and share repurchases.
Devon Energy (DVN) Q2 Earnings Beat Estimates, '24 View Raised
Devon Energy's (DVN) second-quarter earnings are better than estimates and the company has raised 2024 guidance to accommodate the strong performance in the first half.
Devon Energy (DVN) Q2 Earnings and Revenues Surpass Estimates
Devon Energy (DVN) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.18 per share a year ago.
Is Devon Energy (DVN) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
