Devon Energy (DVN) closed at $32.48 in the latest trading session, marking a +1.09% move from the prior day.
Devon Energy Corporation (NYSE:DVN ) J.P. Morgan 2025 Energy, Power, Renewables & Mining Conference June 24, 2025 10:20 AM ET Company Participants Clay Gaspar - President, CEO & Director Conference Call Participants Arun Jayaram - JPMorgan Chase & Co, Research Division Arun Jayaram Yes, we're going to keep things moving.
In the closing of the recent trading day, Devon Energy (DVN) stood at $32.35, denoting a -1.46% move from the preceding trading day.
President Donald Trump has revived his familiar “drill, baby, drill” rhetoric, urging the Energy Department to facilitate greater U.S. oil production.
Devon Energy benefits from surging petroleum prices due to the Middle East turmoil, boosting its earnings and free cash flow outlook. The company's multi-basin production strategy and aggressive capital returns, including buybacks and dividends, strengthen its investment case. Devon Energy returned almost 50% of its free cash flow in the first quarter to shareholders, mostly in the form of stock buybacks.
Devon Energy remains undervalued despite recent weakness in oil prices, presenting a compelling investment opportunity. The company's growth initiatives and capital improvements position it well for long-term value creation. Shareholder returns are supported by disciplined capital allocation and a focus on free cash flow generation.
Devon Energy (DVN) concluded the recent trading session at $34.04, signifying a -1.93% move from its prior day's close.
Devon Energy (DVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
I am rating Devon Energy with a Buy and a $40 price target based on historical valuations of a 4.8x EV/EBITDA multiple, assuming an average realized oil price of $62. Devon is generating value by reducing costs, focusing on profitability, and capital discipline, resulting in a free cash flow breakeven WTI oil price of $45 per barrel. DVN's strategy allows it to return capital to shareholders through buybacks and cash dividend payments.
In the closing of the recent trading day, Devon Energy (DVN) stood at $34.47, denoting a +2.99% move from the preceding trading day.
Upstream shale oil and gas stocks are oversold, with investor fears overblown; companies are generating strong free cash flow even at lower oil prices. The sector has become highly efficient, with lower capex and improved technology enabling profitability and shareholder returns despite industry headwinds. Devon Energy and EOG Resources are highlighted as undervalued, cash-generative plays with robust capital return programs and attractive EV/EBITDA multiples.
Devon Energy (DVN) reported earnings 30 days ago. What's next for the stock?