There's no shortage of high-yield stocks on the market, and it's not difficult to find them, but which ones better reflect your investing outlook? If you share my opinion, the outlook remains positive for energy prices, and the U.S. housing market will recover in time. Devon Energy (DVN 1.46%) and Whirlpool (WHR 1.48%) are great buys right now. However, despite being an exciting investing proposition in its own right, 3M (MMM 1.42%) is not the stock high-yield investors should be buying. Here's why.Devon En ...

Most companies that pay dividends try to provide investors with a reliable income stream, setting a dividend that they believe can be sustained, if not grown, over time. Devon Energy (DVN 1.46%) has taken the exact opposite approach. So while the dividend yield on major quote services is listed as 4.9%, you shouldn't count on that figure. Here's what you need to know and why future dividends from Devon are anything but set in stone.What does Devon Energy do?Devon Energy is part of the energy sector, as its ...

Devon Energy (DVN 1.46%) has a nearly 5% dividend yield. Pioneer Natural Resources (PXD 0.96%) yields about 4.3%. And Diamondback Energy (FANG 0.83%) has a roughly 4.2% yield.Those are pretty attractive yields given that the S&P 500 Index is only yielding around 1.3% today, and the average energy stock pays 3.2%, using the Vanguard Energy Index ETF as a proxy.There's only one problem: You can expect Devon, Pioneer, and Diamondback to cut their dividends.Energy is a volatile sectorThose three are all energy ...

A Citi analyst recently upgraded his price target on high-yield energy stock Devon Energy (DVN -0.33%) from $52 to $55, signaling a potential 13.6% upside. Coupled with the current 5% dividend yield, this presents a promising opportunity for investors. Here's a look at what makes Devon Energy such an attractive stock for Wall Street and retail investors.Citi's upgradeThe upgrade is interesting because it highlights the improvements in Devon Energy's assets, notably its natural gas assets. This is often over ...

Energy companies have signed over $180 billion in merger agreements over the last six months. However, Devon Energy (DVN -0.17%) has gotten left out of the current merger wave washing over the oil patch. The oil producer has reportedly pursued several acquisition targets, only to lose to a competitor. Because of that, the company won't get the merger-fueled boost its rivals expect to see in their deals. Here's a look at the deals Devon reportedly missed and potential targets the oil stock could pursue next. ...

Devon Energy Corp. (DVN) has been reaping the benefits of strong production volumes from its multi- basin assets spread in the United States. Devon is managing its debt efficiently and using every opportunity to lower its debt burden, which is boosting the company’s margins.Devon currently has a Zacks Rank #4 (Sell). Volatile commodity prices, still-high interest rates and highly competitive oil and gas industry can have an adverse impact on its operations.TailwindsDVN has a diverse commodity mix, with a ba ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Devon Energy (DVN) .Devon Energy currently has an average brokera ...

grandriverI last covered Devon Energy (NYSE:DVN) on Seeking Alpha back on June 14, 2023, “Devon Energy: Limited Upside Near-Term,” rating the stock a “Hold.” In that piece, I used a discounted cash flow (DCF) model to derive a long-term value target of roughly $60 per share for DVN, a little over a 20% premium to the then-current price of the stock. However, given near-term risks and better opportunities in other exploration and production (E&P) stocks at the time, I felt that wasn’t an adequate margin ...

GlobalStock After a brutal start to the year, Devon Energy (NYSE:DVN) has finally bounced following solid earnings. The domestic energy company has become a cash flow machine returning lots of capital to shareholders, making the stock appealing to buy on weakness considering the volatile energy sector. My investment thesis is ultra Bullish on the energy company at this valuation. Source: Finviz Improved Efficiency While Devon Energy grew oil volumes 8% in 2023 to 317 m/bod, the company actually cut ca ...

DNY59 We previously covered Devon Energy (NYSE:DVN) in December 2023, discussing why its inherent undervaluation might be a gift for investors with a long-term investing trajectory, with the potential recovery in the macroeconomic outlook likely to trigger the eventual normalization in its stock valuations and prices. Most importantly, the management continued to execute brilliantly, further demonstrating why it did not deserve to be beaten down and unappreciated as it had thus far. In this article, we shal ...