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.
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.
Why Devon Energy Stock Slumped Nearly 13% in September
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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.
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.
Devon Energy (DVN) Receives a Hold from RBC Capital
In a report released on October 2, Scott Hanold from RBC Capital maintained a Hold rating on Devon Energy (DVN – Research Report), with a ...
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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 ...
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Devon Stock Trading at a Discount to Industry: Buy or Hold?
The low-cost structure, coupled with the benefits of higher commodity prices, expanded the field-level cash margins of Devon by 6% year over year to $31.19 per Boe. The Zacks Consensus Estimate ...
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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