U.S. shale producers Devon and Coterra to merge in a $58 billion deal [CNBC]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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Source: CNBC
U.S. shale producers Devon Energy and Coterra Energy are set to merge in a $58 billion all-stock deal to create one of the largest independent shale producers in the country, the companies said on Monday. A merger between Devon and Coterra brings complementary acreage together at a time when securing high-quality inventory is a priority and crude prices remain under pressure. Coterra shareholders will receive 0.70 Devon shares for each share held. This deal is the largest tie-up in the U.S. shale industry since Diamondback acquired Endeavor Energy Resources for about $26 billion in 2024. After the merger, Devon will hold roughly 54% of the new company, which will retain the Devon name and be headquartered in Houston while maintaining a major presence in Oklahoma City.
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DVN
News
- Devon Energy (NYSE:DVN) was given a new $50.00 price target on by analysts at UBS Group AG.MarketBeat
- Devon Energy And Coterra Energy Merger Checks Quite A Few Boxes On Investors' Lists [Seeking Alpha]Seeking Alpha
- Devon Energy (NYSE:DVN) was upgraded by analysts at Barclays PLC from an "equal weight" rating to an "overweight" rating.MarketBeat
- Devon Energy (NYSE:DVN) had its "buy" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- Halper Sadeh LLC is Investigating PKST, DVN, CTRA on Behalf of ShareholdersGlobeNewswire
DVN
Earnings
- 11/5/25 - Beat
DVN
Sec Filings
- 2/2/26 - Form 425
- 2/2/26 - Form 425
- 2/2/26 - Form 8-K
- DVN's page on the SEC website