DVN Stock Recent News
DVN LATEST HEADLINES
In the closing of the recent trading day, Devon Energy (DVN) stood at $33.76, denoting a -1.34% move from the preceding trading day.
Devon Energy (DVN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DVN and FANG are both operators in the oil and gas industry, having a strong presence in the domestic market.
Devon Energy (DVN) closed at $32.81 in the latest trading session, marking a +1.42% move from the prior day.
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.
The latest trading day saw Devon Energy (DVN) settling at $32.35, representing a -1.52% change from its previous close.
Devon Energy's stock has dropped 32% over the past year and its relatively small enterprise value (~$28.8 billion) may make it a prime takeover candidate. That said, Devon's Q1 report was solid, with production growing 22.7% on the heels of its Grayson Mill Energy acquisition and free cash flow generation of $1 billion. Devon is improving efficiencies, reducing debt, and expects $1 billion in annual cost savings by 2026, enhancing its appeal to potential buyers.
Devon Energy remains undervalued, trading at just 8.2x earnings, below its historical average and sector peers, supporting my continued buy rating. Recent results were mixed: Q1 revenue beat expectations, but EPS missed slightly; production guidance was raised while capex was trimmed. Earnings outlook is muted with a 17% EPS decline expected this year, but longer-term recovery is possible; recent analyst downgrades reflect near-term caution.
DVN's strategic hedging locks in prices, fueling stable growth, capital returns and resilience amid market swings.
Investors love dividend stocks, especially those with high yields, because they provide a substantial income stream and offer significant total return potential.