Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Devon And Coterra Merger Aims For Scale Synergies And Steadier Cash Flow [Yahoo! Finance]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Devon Energy (NYSE:DVN) has agreed to a transformative all stock merger with Coterra Energy, creating a larger independent shale operator. The combined company targets $1b in annual synergies and plans an updated shareholder return policy anchored by more resilient cash flow. Long term contracts are expected to support cash generation and help smooth the impact of commodity price swings. Devon Energy comes into this merger with the stock at $48.66 and a return of 28.5% year to date. Shares are up 38.1% over the past year and 175.3% over five years, reflecting how the market has priced Devon during a period of significant sector volatility. The deal with Coterra reshapes Devon's footprint in the Delaware Basin and positions the combined business as a larger shale operator. The merger is set to increase operational scale and is aimed at supporting higher and more consistent free cash flow. For investors, the focus will likely be on how quickly the combined company can realize t Show less Read more
Impact Snapshot
Event Time:
DVN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for DVN alerts
Opt-in for
DVN alerts

from News Quantified
Opt-in for
DVN alerts

from News Quantified