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Oil and yields sink, stocks reboundYields and oil surge, stocks mixedFitch downgrade triggers sellingThis summary was created by AI, based on 6 opinions in the last 12 months.
The experts are divided in their opinions about Devon Energy Corp. Some believe that the company is currently facing challenges due to the glut in oil and its direct correlation to the stock price. They also point out the decrease in free cash flow yield and the CEO's need to turn things around. On the other hand, there are experts who see potential in the company, citing its good time to buy with the weakness in share price, record amounts of cash production, and the attractive long-term value as an investment.
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 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
In the last year, 7 stock analysts published opinions about DVN-N. 2 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Devon Energy Corp.
Devon Energy Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Devon Energy Corp.
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.
7 stock analysts on Stockchase covered Devon Energy Corp In the last year. It is a trending stock that is worth watching.
On 2024-03-27, Devon Energy Corp (DVN-N) stock closed at a price of $49.46.
Oil is in a glut now, and you can't own a commodity stock when that commodity is in a glut.