Devon And Coterra Pursue $58b Merger And Delaware Basin Upside [Yahoo! Finance]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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US:NYSE Investor Relations:
investors.devonenergy.com/investors/events-presentations/default.aspx
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Source: Yahoo! Finance
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Devon Energy (NYSE:DVN) has agreed to a $58b all stock merger with Coterra Energy. The combined company plans to build a leading position in the Delaware Basin. Management has outlined expected operational synergies by 2027, a higher dividend framework, and a large share repurchase plan. For you as an investor, this is a sizeable move for Devon Energy, which last closed at $43.53 and carries a value score of 5. The stock is up 14.9% year to date and 23.5% over the past year, although the 3 year return shows a 13.2% decline. The 5 year return of 120.3% highlights how significantly the long term experience has already changed for shareholders. The merger announcement shifts the focus to execution, especially around those planned synergies by 2027 and the capital return program. As details emerge on integration plans, cost savings, and the combined asset base
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News
- Devon–Coterra Deal Signals Investors Still Rule the Shale Patch [Yahoo! Finance]Yahoo! Finance
- Oil Rally Is Temporary - Sell Most Of These Oil Stocks [Seeking Alpha]Seeking Alpha
- Trade Tracker: Josh Brown sells Devon Energy [CNBC]CNBC
- Devon Energy (DVN) had its price target raised by BMO Capital Markets from $45.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Mizuho Reaffirms Outperform Rating on Devon Energy Corporation (DVN) as Q4 Revenue Beats Estimates at $4.12 Billion [Yahoo! Finance]Yahoo! Finance
DVN
Earnings
- 2/17/26 - Beat
DVN
Sec Filings
- 2/18/26 - Form 10-K
- 2/17/26 - Form 8-K
- 2/12/26 - Form 4
- DVN's page on the SEC website