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Devon Energy Corp (DVN-N)
NYSE:DVN
34.64
0.42
(1.23%) 1d
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TSX rebounds, Nvidia correctsOil and yields sink, stocks reboundYields and oil surge, stocks mixedThis summary was created by AI, based on 9 opinions in the last 12 months.
Devon Energy Corp (DVN) has drawn mixed reviews from various experts. On one hand, it is recognized as one of the lowest-cost natural gas producers in the U.S., with a compelling valuation at 6x earnings and a healthy dividend yield of 4.7%, backed by a solid cash flow. Recent investments in pipeline infrastructure aim to enhance production flow, particularly with the upcoming Matterhorn pipeline enhancing profitability. However, there are concerns about the company's performance this year, marked by a 13% decline, leadership changes, and broader market challenges affecting energy stocks. Despite strong quarterly earnings, the general sentiment displays caution, with some experts urging to watch how upcoming market dynamics, such as potential Fed rate cuts, may play out.
$35.120
Unknown
DVN is one of the lowest cost natural gas producers in the US. They recently invested in a 2 bcfd pipeline to move their production from the under-piped Permian region to the Gulf Coast. They have been prudently deploying some cash reserves to reduce debt and buy back shares. It trades at 6x earnings, 1.4x book, and supports a 26% ROE. Its healthy dividend is backed by a payout ratio under 40% of cash flow. We recommend setting a stop-loss at $25, looking to achieve $40 -- upside potential of 28%. Yield 4.7%
(Analysts’ price target is $50.12)The CEO just left and shares are at a 52-week low. Also, the street expects oil to fall $10 a barrel. Start buying some of this.
Is down 13% this year. She's growing short on this. Energy stocks are hit and miss--you pick your spots. The market simply doesn't like Devon.
A pipeline from the Permian to the Gulf of Mexico will come online, the Matterhorn, which will increase the flow of oil as well as natural gas, which has been trading at a negative price this year. So, the producers will be much more profitable. Two more pipelines are coming and will support the oil price and their companies. She likes Devon, paying a 5% yield and will benefit from the Matterhorn.
It continues to frustrate, though earnings this quarter were very strong. The market doesn't like this name. Shares continue to do nothing.
They just reported a strong quarter, perhaps one of the best in oil beating in earnings and oil production. Also, they raised full-year production guidance. Will rise when the Fed cuts interest rates. They pay generous dividends and buybacks.
Has decent share appreciation and pays strong dividends.
Has underperformed in energy, but is breaking above $46 now. She's bullish energy for the rest of the year.
Oil is in a glut now, and you can't own a commodity stock when that commodity is in a glut.
The CEO will turn things around, but the free cash flow yield last year was 9% and below 3% this year. They need to fix that to attract share-buyers.
Devon is levered to the price of crude oil, which is why both are down.
Good time to buy with weakness in share price.
Very attractive increase in USA.
Producing record amounts of cash.
Good value investment for the long term.
Generates decent variable income. Cash yield next year should be 12% with $80 oil, 16% if oil is $100. It's fine, but if you're an oil bull the way he is, this name doesn't fit the thesis.
He doesn't like oil and expects it to go lower. He wishes he didn't own any.
Devon Energy Corp(DVN-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 7
Devon Energy Corp(DVN-N) Frequently Asked Questions
What is Devon Energy Corp stock symbol?
Devon Energy Corp is a American stock, trading under the symbol DVN-N on the New York Stock Exchange (DVN). It is usually referred to as NYSE:DVN or DVN-N
Is Devon Energy Corp a buy or a sell?
In the last year, 7 stock analysts published opinions about DVN-N. 5 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Devon Energy Corp.
Is Devon Energy Corp a good investment or a top pick?
Devon Energy Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Devon Energy Corp.
Why is Devon Energy Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Devon Energy Corp worth watching?
7 stock analysts on Stockchase covered Devon Energy Corp In the last year. It is a trending stock that is worth watching.
What is Devon Energy Corp stock price?
On 2025-02-14, Devon Energy Corp (DVN-N) stock closed at a price of $34.64.
Our PAST TOP PICK with DVN is progressing well. To remain disciplined, we recommend trailing up the stop (from $25) to $31 at this time.