NYSE:DVN

Devon Energy Corp (DVN)

41.99
-0.22 (0.52%)
as of Jun 29, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 29, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

Devon Energy Corp (DVN-N) has garnered attention from experts primarily for its robust natural gas holdings. While one expert expresses optimism about the company and its recent merger, he tempered that enthusiasm by indicating a reluctance to invest in natural gas following its recent surge. Another expert highlights the potential for profit-taking in commodities like gold and oil, suggesting that we may be witnessing market peaks amid supply uncertainties. Despite these mixed sentiments, there is a belief that DVN offers a relatively stable investment compared to the more volatile tech sector. Although the company's Q4 guidance isn't particularly strong, it has been positively re-rated in the market, indicating it could be a strategic trading opportunity with the right risk management strategies in place.

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Consensus
Moderate
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Valuation
Fair Value
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Similar
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COMMENT

There is a trading range, somewhere between $50 and $60. It is currently near the top of its trading range. If it broke up through $61, he would be all over it.

TOP PICK

Known as a gas name but they are moving more towards liquids and oils so it gives a bit of a mix on the commodity side. Management has seen that their stock has underperformed their peers and are looking at all initiatives to unlock value within Devon.

DON'T BUY

When he looks at commodities, one of the things he insists upon is not sacrificing the role that dividends pay in long-term rates of return. This is the kind of company that has an alright but not great asset base, alright but not great balance sheet and a so-so dividend yield of about 1.25%. Outlook for oil and natural gas prices is pretty mediocre in this environment.

HOLD
Fine company with great assets and exploration interests. Could be a takeout candidate. (With US stocks, a 10% loss on currency would mean you should have a 25% gain on the stock.)
PAST TOP PICK
(A Top Pick Aug 8/07. Up 50%.) Gas weighted. Really good reserve growth. Best Reserves in the US. Still going higher.
TOP PICK
Gas weighted. Have the best reserves and the best production growth. The big focus is on the Barnett Shale, which is the most prolific region in the US.
TOP PICK
In probably the most prolific play in the US, a region near the Fort Worth area. Have the best record of adding to their reserves as well as the best quality reserves.
BUY
US energy stocks get no respect. He has a model price of $80.80 which is a 32% positive differential. Big earnings going on their balance sheet.
BUY
A terrific company. Has great natural gas reserves. It's at an attractive price right now. A better buy now than it has been for a couple of years.
DON'T BUY
Doesn't follow this one closey, but feels they have done a pretty good job. Have taken their resource exposure, including energy, down.
PAST TOP PICK
(A Top Pick Jan 18/05. Up 15%.) Sold his position on the spike up to $50.
BUY
Prefers over CNQ (CNQ-T). Anadarko Petroleum (APC-N) is also a good name.
PAST TOP PICK
(A Top Pick Jan 18/05. Up 20%.) Took their profit.
BUY
Oil stock prices are a lot cheaper in the US than in Canada. Looking for more upside.
BUY
In US holdings, prefers energy sector to others.
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