DVN Stock Recent News
DVN LATEST HEADLINES
Devon Energy (DVN) concluded the recent trading session at $34.04, signifying a -1.93% move from its prior day's close.
Victoria Greene, G Squared Private Wealth CIO, joins 'The Exchange' to discuss her energy playbook.
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.
We aren't even halfway through 2025, and already, it has been a roller-coaster year in the stock market. The major indexes incurred steep sell-offs, only to snap back like nothing happened.
OKLAHOMA CITY, June 12, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced Clay Gaspar, President and CEO will participate in a fireside chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference.
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?
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.