Devon Energy Corporation (DVN)
Devon Energy (DVN) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Devon Energy (DVN) concluded the recent trading session at $48.24, signifying a +0.4% move from its prior day's close.
3 Bargain Stocks to Buy Now: Q3 Edition
The market's breadth broadened last week as yields fell on a cooler inflation report. In June, the Consumer Price Index increased 3% year-on-year and declined 0.1% month-over-month, raising the prospects of a rate cut in September.
Devon Energy Corporation (DVN) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Devon Energy (DVN). This makes it worthwhile to examine what the stock has in store.
Devon Energy Deepens Their Williston Basin Assets With Grayson Mill Acquisition
Devon Energy acquired Grayson Mill for $5b, adding 307,000 net acres in the Williston Basin and increasing daily production by 100Mboe/d, resulting in an expected 15% increase in FCF. Devon's strategic investments in operational efficiencies and new producing assets have led to improved well performance despite a -10% reduction in total capital investments. Management announced an improvement to shareholder benefits with a $5b share repurchase program and the potential for a dividend increase in 2025.
Is Devon Energy (DVN) a Buy Following Williston Basin Deal?
Devon Energy's (DVN) rising earnings estimates, better-than-industry returns and accretive acquisition in Williston Basin are likely to propel the stock higher from the current levels.
This Top Oil Stock Finally Gets In on the Sector's Acquisition Wave. Time to Buy?
Devon Energy is buying Grayson Mill Energy's Williston Basin business. The transformational deal will significantly enhance the company's operations in the region.
Devon Energy (DVN) Stock Dips While Market Gains: Key Facts
The latest trading day saw Devon Energy (DVN) settling at $46.52, representing a -1.08% change from its previous close.
Devon Energy Corporation (DVN) Mergers & Aquisitions Conference - (Transcript)
Devon Energy Corporation (NYSE:DVN ) Mergers & Aquisitions Conference Call July 8, 2024 8:30 AM ET Company Participants Scott Coody - Vice President of Investor Relations Rick Muncrief - President and Chief Executive Officer Clay Gaspar - Executive Vice President and Chief Operating Officer Jeff Ritenour - Executive Vice President and Chief Financial Officer David Harris - Executive Vice President and Chief Corporate Development Officer Conference Call Participants Nitin Kumar - Mizuho Securities Neal Dingmann - Truist Securities Kevin MacCurdy - Pickering Energy Partners Charles Meade - Johnson Rice Betty Jiang - Barclays Kalei Akamine - Bank of America Merrill Lynch Scott Hanold - RBC David Deckelbaum - TD Securities Atidrip Modak - Goldman Sachs Paul Cheng - Scotiabank Matthew Portillo - TPH Operator Welcome to Devon Energy's Conference Call. At this time, all participants are in listen-only mode.
Why Devon Energy (DVN) Could Beat Earnings Estimates Again
Devon Energy (DVN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Devon Energy Grows Bakken Position With $5 Billion Buyout
Oklahoma City-based Devon Energy said Monday it will expand its already big footprint in the Williston Basin region of North Dakota that encapsules most of the prolific Bakken Shale play. The $5 billion deal to acquire Grayson Mill Energy's Williston assets will be funded with $3.25 billion in cash and $1.75 billion in stock.
Devon Energy Buys Grayson Mill Energy in Latest Oil Patch Deal
Devon Energy (DVN) on Monday announced that it has purchased privately held Grayson Mill Energy for $5.0 billion in cash and stock to expand its operations in the Williston Basin, situated in the Dakotas, Montana, and parts of Canada.
Devon Energy acquires Williston Basin assets for $5bn
Devon Energy Corp (NYSE:DVN, ETR:DY6) has agreed to pay $5 billion to acquire assets in the Williston Basin spanning parts of Montana, North Dakota and Saskatchewan. The deal, with private equity backed Grayson Mill Energy, comprises $3.25 billion of cash proceeds plus $1.75 billion paid in stock.
