Devon Energy Corp (DVN-N)
NYSE:DVN
37.57
0.17
(0.45%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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S&P edges to another highTSX rebounds, Nvidia correctsOil and yields sink, stocks reboundThis summary was created by AI, based on 11 opinions in the last 12 months.
Devon Energy Corp (DVN) has shown mixed performance over the past year, with some analysts noting its significant underperformance initially but pointing to signs of recovery and potential upside. Despite strong quarterly earnings and a raised full-year production guidance, concerns persist about the company’s inventory depth and the departure of its CEO, which contributed to a 52-week low for the shares. The company's valuation metrics indicate it is trading at a relatively low earnings multiple and offers a healthy dividend with a sustainable payout ratio. Notably, investment in infrastructure, such as the Matterhorn pipeline, is expected to enhance profitability and potentially support stock performance. Overall, while there are varying opinions on its prospects, some experts express cautious optimism about DVN's future in the energy sector.
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)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.
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 : 4
Total Signals / Votes : 9
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, 9 stock analysts published opinions about DVN-N. 5 analysts recommended to BUY the stock. 4 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?
9 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 2025-04-01, Devon Energy Corp (DVN-N) stock closed at a price of $37.57.
They underperformed a lot last year, but have been righting the ship after disappointing quarters. Has deep value, trading at 4x, a 15% free cash flow yield, though worried about inventory depth in the Permian. He must prefers Canadian oil sand companies (solid balance sheet, long inventories, execution, share buybacks).