DVN Stock Recent News

Devon Energy shares have dropped significantly since October 2022, but are trading at less than 10 times earnings with a 19.3% FCF yield. The acquisition of Grayson Mill assets is expected to boost DVN's production, earnings, and FCF, making it one of the largest domestic onshore upstream producers. DVN's valuation is cheap, trading at 7.92 times 2024 earnings and almost yielding 5% on the dividend, making it an attractive investment opportunity.

Devon Energy's (DVN) second-quarter earnings are expected to have gained from strong production from its multi-basin portfolio. Cost management and share buybacks are also likely to have aided earnings.

Devon Energy (DVN) closed at $46.17 in the latest trading session, marking a +1.05% move from the prior 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.

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.

OKLAHOMA CITY, July 25, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN), a leading U.S. independent oil and natural gas producer, today announced the release of its 2024 Sustainability Report. The report highlights the company's efforts to deliver industry-leading results while being a good neighbor, valued community partner, responsible environmental steward and supportive employer.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

In the closing of the recent trading day, Devon Energy (DVN) stood at $46.80, denoting a -1.97% change from the preceding trading day.

With oil prices likely to remain in the bullish territory, upstream firms like Matador Resources (MTDR), SM Energy (SM) and Devon Energy (DVN) are well poised to gain.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.