As oil-well backlog shrinks, U.S. shale producers may upset investors and drill more [Toronto Globe and Mail (Ontario, Canada)]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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Source: Toronto Globe and Mail
As oil-well backlog shrinks, U.S. shale producers may upset investors and drill more Drilling rigs operate in Midland, Tex., on Feb. 13, 2019. Nick Oxford/Reuters Drilling rigs operate in Midland, Tex., on Feb. 13, 2019. U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to be turned on they soon may have to resume drilling to keep production from sagging, executives and analysts said. 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. 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. 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 th
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News
- 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
- 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
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