Devon Energy Corporation (DVN) is set to report fourth-quarter 2023 results on Feb 27, after market close. This oil and gas company delivered an average earnings surprise of 1.63% in the last four reported quarters.Let us discuss the factors that are likely to have affected the company's quarterly performance.Factors at PlayDevon Energy’s fourth-quarter production volumes are expected to have fallen sequentially due to a decline in production volumes in the Williston Basin and timing of completions in the D ...

Devon Energy (DVN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this oil and gas exploration company have returned +6%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Oil and Gas - Exploration and Production - United States industry, which Devon Energy falls in, has gained 8.1%. The key question now is: Wha ...

I like to own boring dividend stocks. That means I like companies whose standout feature is how many years in a row their dividends have been increased, often expressed in decades. This is the basic reason Devon Energy (DVN 1.61%) will never find its way into my portfolio. But I have to admit that, for some investors, this company's dividend approach, which churns my stomach, might be just right. Here's what you need to know.Please give me a 10-foot poleI normally don't even start looking at a company until ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Devon Energy (DVN) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Devon Energy currently has an average brokerage recommendati ...

While the broader market continues to roar higher, the energy sector has taken a breather. In fact, it's down 4.1% over the last year despite a 20% gain in the S&P 500.As oil and gas companies report their Q4 and full-year 2023 earnings, it's becoming increasingly clear that the industry is fundamentally sound and a great value now.Here's why Devon Energy (DVN -0.80%), ConocoPhillips (COP -1.20%), and Hess Midstream (HESM 0.03%) are three high-yield dividend stocks worth buying. Lower energy prices have cre ...

The most recent trading session ended with Devon Energy (DVN) standing at $42.24, reflecting a +1.56% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.1%. On the other hand, the Dow registered a gain of 0.33%, and the technology-centric Nasdaq decreased by 0.3%.The oil and gas exploration company's shares have seen a decrease of 2.76% over the last month, not keeping up with the Oils-Energy sector's gain of 1.15% and the S&P 500's gain of 5.78%.T ...

While you can always swing for the fences on any opportunity, going for enterprises listed in the Standard and Poor’s 500 could be a shrewd move, thus warranting a closer examination of S&P 500 stocks. Fundamentally, even the worst performers on this list are sometimes miles ahead of lesser-known entities. So, if you’re going to speculate on downcast ideas, you might as well do it here.Also, a key advantage for S&P 500 stocks is their visibility. Yes, the market features thousands upon thousands of publicly ...

There's currently a massive consolidation wave happening in the oil patch. Oil giants ExxonMobil, Chevron, and Occidental Petroleum have sealed deals to buy rivals. Meanwhile, several smaller producers have also made acquisitions. Devon Energy (DVN 2.66%) could be the next oil stock to make an acquisition. It has reportedly offered to buy Enerplus (ERF 8.16%). Here's a look at why Devon is interested in the company. Drilling down into EnerplusEnerplus is a Canadian headquartered, U.S.-focused oil and gas co ...

Devon Energy Corp (NYSE: DVN) is reportedly interested in acquiring Enerplus Corp (NYSE: ERF). Shares of the latter are up nearly 8% at writing.What we know about Devon-Enerplus newsCopy link to sectionHow much is Devon willing to spend on Enerplus remains unknown. The energy company has placed a bid but it’s not guaranteed that Enerplus will engage in negotiations, as per sources that talked to Reuters this morning on condition of anonymity.In 2022, Enerplus said Surge Energy and Journey Energy have agreed ...

Devon Energy (DVN) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this oil and gas exploration company have returned -8.2%, compared to the Zacks S&P 500 composite's +5.6% change. During this period, the Zacks Oil and Gas - Exploration and Production - United States industry, which Devon Energy falls in, has gained 2.7%. The key question now is: What cou ...