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Devon Energy Corp (DVN-N)
NYSE:DVN
44.78
0.22
(0.49%) 1d
Financials
Technical Analysis
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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 6 opinions in the last 12 months.
The experts have mixed opinions on Devon Energy Corp. Some believe that the company is currently in a tough spot due to the oversupply of oil, leading to a decrease in share value and free cash flow yield. However, others see potential for the CEO to turn things around and view the company as a good long-term investment with attractive value and cash generation. Overall, it appears that Devon Energy Corp is facing challenges but also has the possibility for future growth.
$44.725
Unknown
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.
They missed their quarter badly, and he doesn't expect the CEO to repeat that. Shares have fallen so low that you can step into this.
They missed a little on free cash flow, but dividend pays around 8%. Capex is inching higher and the street is watching this, wants more drilling. You don't buy an energy stock because you expect oil to surpass $100.
Natural gas prices are too low and will eventually rise.
Devon Energy Corp(DVN-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 5
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, 5 stock analysts published opinions about DVN-N. 2 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?
5 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 2024-08-30, Devon Energy Corp (DVN-N) stock closed at a price of $44.78.
It continues to frustrate, though earnings this quarter were very strong. The market doesn't like this name. Shares continue to do nothing.