Why Devon Energy Stock Slumped Nearly 13% in September
Shares of Devon Energy (NYSE: DVN) fell 12.6% in September, according to data provided by S&P Global Market Intelligence. The culprit was lower oil prices. That offset the positive effect of closing a needle-moving acquisition.
Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock
Devon Energy (DVN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Devon Energy Corp. stock underperforms Friday when compared to competitors despite daily gains
This was the stock's sixth consecutive day of gains.
1 Wall Street Analyst Thinks Devon Energy Stock Is Going to $49. Is It a Buy?
If the Truist analyst is correct, Devon is an attractive stock, especially for income-seeking investors. For example, on the second-quarter earnings call, management argued that with a price of oil of $70, its free cash flow yield ( FCF) would be around 9% in 2024, based on the stock price of around $42.80.
Wolfe Research Issues Peer Perform Rating for Devon Energy Corp (DVN) Stock
On Wednesday, Devon Energy Corp (DVN) stock saw a modest uptick, ending the day at $40.5 which represents a slight increase of $0.74 or 1.86% from the prior close of $39.76. The stock opened at $40.5 and touched a low of $39.
Devon Energy Corp. stock underperforms Friday when compared to competitors
Shares of Devon Energy Corp. DVN slipped 0.44% to $40.79 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.09% to 42,
5 Reasons To Hold Devon Energy Stock
Devon Energy saw record oil production in Q2, strong profitability, robust balance sheet, and a potential dividend reduction, but an attractive yield. Learn more on DVN stock here.
Why Did Devon Energy Corp (DVN) Stock Plunge -1.41% Last Week?
Devon Energy Corp (DVN) stock saw a decline, ending the day at $39.8 which represents a decrease of $-1.21 or -2.95% from the prior close of $41.01. The stock opened at $40.73 and touched a low of $39.
Looking Into Devon Energy's Recent Short Interest
According to Benzinga Pro, Devon Energy's peer group average for short interest as a percentage of float is 6.72%, which ...
2 Magnificent Stocks to Buy That Are Near 52-Week Lows
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Devon Energy: 4% Yield, 7X P/E, $5 Billion Stock Buyback (Rating Upgrade)
The company has increased its stock buyback authorization to $5B ... accommodating with voluntary production cuts so far in FY 2024, propping up petroleum prices. Devon Energy obviously faces ...
Stock market today: Wall Street rises after a strong jobs report
U.S. stocks are rising Friday after a report showed U.S. employers went on a stronger spree of hiring last month. The S&P 500 was 0.3% higher in morning trading after paring a bigger gain from the ...