Devon Energy (DVN) Laps the Stock Market: Here's Why
In the most recent trading session, Devon Energy (DVN) closed at $35.15, indicating a +1.33% shift from the previous trading day.
Is Most-Watched Stock Devon Energy Corporation (DVN) Worth Betting on Now?
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 Turnaround Story In The Making
Devon Energy is rated a BUY due to its counter-cyclical investment opportunity and significant free cash flow growth from the Grayson Mill acquisition. The market has completely forgotten about the GM acquisition on the eve of the first full quarter operating under DVN. The addition of this high oil cut producer will add $200 million in FCF in Q4 despite the commodity weakness.
2 Stocks Down 52% and 28% to Buy Right Now
Now that the confetti and champagne bottles have been cleared away, many people are looking to start the new year off by adding some new names to their portfolios. With so many stocks to consider, it's easy to feel overwhelmed with the choices.
Devon Energy (DVN) Outperforms Broader Market: What You Need to Know
In the latest trading session, Devon Energy (DVN) closed at $33.93, marking a +1.59% move from the previous day.
Devon Energy upgraded to Outperform Wolfe Research on valuation
Wolfe Research upgraded Devon Energy to Outperform from Peer Perform with a $45 price target. The stock had underperformed the Russell 3000 Energy Index by 31% last year due to several issues including concerns over the oil macro, the company's $5B, acquisition of Grayson Mills that may now be viewed as relatively expensive given it was based on $80 WTI, as well as continued questions on the depth & quality of the corporate inventory, though at their current levels, Devon Energy shares imply a mid-teens free cash flow yield, at strip prices essentially discounting a sustainable inventory below 10 years, the analyst tells investors in a research note. Critically, Devon is changing its development model to incorporating a mix of incrementally lower return formations, thereby potentially extending inventory life, the firm adds.
Devon Energy May Be Entering A Favorable Commodities Market In 2025
2025's commodity price outlook looks good for Devon Energy; expectations of a slight fall in oil prices is more than offset by projections of rising natural gas and NGL prices. Drilling activities' efficiency improvements are resulting in lower capex intensity, which bodes well for FCF return profiles. Valuations are undemanding as DVN trades at a larger-than-usual discount vs peers on a 1-yr fwd PE basis.
Final Trade: DVN, QURE, GOOGL, DFH
The final trades of the day with the Fast Money traders.
How to play energy in 2025
Natural Gas soaring today, up nearly 20% in December. The Investment Committee debate the Energy sector.
Devon Energy Corporation (DVN) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Should You Buy Devon Energy Stock With Oil Prices Below $70 a Barrel?
Oil prices have bounced around quite a bit this year. WTI, the primary U.S. benchmark price, rose to over $85 per barrel at one point.
Devon: Missing Bullish Support - Unloved Status Triggers Rich Upside Potential
The suspension of DVN's variable dividends is only temporary in our view, pending a healthier balance sheet, as the management leans "in heavier on its share repurchase program" at these discounted stock prices. If anything, its debt leverage ratio remains reasonable compared to the sector median and some of its peers, with it underscoring why the sell off has been overly done. While the WTI crude oil spot prices may have moderated from pandemic heights, it is likely to remain well supported in the $70s, thanks to the prolonged OPEC+ cuts.
