1 Wall Street Analyst Thinks Devon Energy Stock Is Going to $65. Is It a Buy Around $48? [Yahoo! Finance]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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Source: Yahoo! Finance
Whitfield now thinks that shares of the exploration and production company could rise to $65 (down from $75) over the next 12 months or so. That lowered price target represents a 34% upside from Friday's closing price. Despite Whitfield's reduced estimate, energy investors may still want to power their portfolios with this leading upstream energy stock. 2024's forecast is underwhelming, but the stock is still a buy According to Thefly.com, Whitfield's downgrade is a reaction to Devon Energy's fourth quarter 2023 financial results and the company's 2024 outlook. In Q4 2023, Devon Energy reported revenue of $4.15 billion, representing a 3.6% year-over-year decline. Devon Energy projects daily production of 640,000 to 660,000 barrels of oil equivalent (BOE). At the midpoint of guidance (daily production of 650,000 BOE), there would be a decline from the daily production of 658,000 BOE reported in 2023. While Devon may face a dip in production, there are valid reasons why the comp
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News
- Devon Energy (DVN) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
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- 2 Wall Street Analysts Thinks Devon Energy Stock Is Going to $60. Is It a Buy Around $52? [Yahoo! Finance]Yahoo! Finance
- Devon Energy Stock Has 25.4% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- Devon Energy Co. (NYSE: DVN) had its price target raised by analysts at Stifel Nicolaus from $65.00 to $66.00. They now have a "buy" rating on the stock.MarketBeat
DVN
Earnings
- 2/27/24 - Beat
DVN
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form ARS
- 4/25/24 - Form DEF
- DVN's page on the SEC website