Jim Cramer picks his 4 favorite oil stocks, says rally is likely ‘far from over’ [CNBC]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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Source: CNBC
The “Mad Money” host said investors should be willing to own some of the “newly disciplined oil producers,” such as Devon Energy. CNBC’s Jim Cramer on Thursday laid out his favorite oil stocks, suggesting a more disciplined approach to capital spending has hit the industry and makes it possible for shares to keep rallying. “Now that the oil industry has learned some discipline, I think prices could stay elevated for a long time, which means the rally in the oil stocks is probably — even though it’s been amazing this year — far from over,” the “Mad Money” host said. Cramer turned against investing in oil stocks in early 2020, believing that it was becoming increasingly difficult to make money. However, Cramer said Thursday a “new dynamic” is hitting the energy sector, with companies being less willing to add drilling capacity as oil prices rise. That restraint helps keep oil prices at levels where the companies can make more money, he said. “In that case... you should be willing to
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News
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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