As oil-well backlog shrinks, U.S. shale may upset investors and drill more [Financial Post (Toronto, Ontario, Canada)]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.devonenergy.com/investors/events-presentations/default.aspx
Company Research
Source: Financial Post
This would mean an increase in spending which could unsettle investors who have benefited from shale companies' recent prioritization of shareholder returns over ramping up production. Five strains helping me through the pandemic Advertisement Companies, including Diamondback, Pioneer Natural Resource and Devon Energy, for example, have redirected rising cash returns to dividend growth, variable distributions, buybacks, and further debt reduction. Advertisement Article content Investors, frustrated with years of low returns from the sector, have punished companies that have looked to grow production at the expense of shareholder return and rewarded those that have shown capital discipline. Drilling new wells could add to supply at a time when oil is selling for $70 per barrel, a profitable level for U.S. shale and OPEC producers alike. Those high prices, hurricane shut-ins at U.S. offshore wells and a rapidly shrinking backlog of drilled-but-uncompleted shale wells ma
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
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DVN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DVN alerts
High impacting Devon Energy Corporation news events
Weekly update
A roundup of the hottest topics
DVN
News
- Devon Energy Co. (NYSE: DVN) had its price target raised by analysts at Truist Financial Co. from $66.00 to $69.00. They now have a "buy" rating on the stock.MarketBeat
- Devon Energy Co. (NYSE: DVN) had its price target raised by analysts at Susquehanna from $52.00 to $65.00. They now have a "positive" rating on the stock.MarketBeat
- Think Crude Oil Is Going to $100 a Barrel? Then You'll Love These 3 Dividend Stocks. [Yahoo! Finance]Yahoo! Finance
- Devon Energy Co. (NYSE: DVN) had its price target raised by analysts at Piper Sandler from $59.00 to $60.00. They now have an "overweight" rating on the stock.MarketBeat
- Devon Energy (DVN) Falls More Steeply Than Broader Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
DVN
Earnings
- 2/27/24 - Beat
DVN
Sec Filings
- 4/11/24 - Form 4
- 4/9/24 - Form 144
- 3/13/24 - Form 4
- DVN's page on the SEC website