Core Viewpoint - Devon Energy (DVN) shares have increased by 1.4% recently, closing at $35.11, with a potential upside of 39% based on Wall Street analysts' mean price target of $48.81 [1] Price Targets - The average of 26 short-term price targets ranges from a low of $42 to a high of $67, with a standard deviation of $5.46, indicating variability among analysts [2] - The lowest estimate suggests a 19.6% increase from the current price, while the highest estimate indicates a potential upside of 90.8% [2] Analyst Sentiment - Analysts show a consensus that DVN will report better earnings than previously estimated, which historically correlates with stock price increases [4][9] - The Zacks Consensus Estimate for the current year has risen by 1% over the past month, with six estimates increasing and three decreasing [10] Zacks Rank - DVN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential upside [11] Caution on Price Targets - While price targets are a common metric, they can mislead investors, as empirical research shows they rarely predict actual stock price movements [5][6] - A low standard deviation among price targets indicates a high degree of agreement among analysts, which can be a starting point for further research [7]

This is one of those unusual situations whereby a Wall Street firm lowers its price target on the stock, but even the lowered price target still implies a 42% upside for the stock. That happened recently when Siebert Williams Shank lowered its price target on Devon Energy (DVN 2.14%) from $58 to $50 while maintaining a buy rating on the stock. The price target cutThe case for lowering the price target is entirely plausible. President Donald Trump has called for lower prices, OPEC+ has agreed to raise produc ...

In the latest trading session, Devon Energy (DVN) closed at $35.11, marking a +1.62% move from the previous day. This move outpaced the S&P 500's daily gain of 0.64%. At the same time, the Dow added 0.85%, and the tech-heavy Nasdaq gained 0.31%.Shares of the oil and gas exploration company have depreciated by 0.26% over the course of the past month, outperforming the Oils-Energy sector's loss of 3.15% and the S&P 500's loss of 7.69%.Investors will be eagerly watching for the performance of Devon Energy in i ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores. What a ...

Devon Energy Corporation’s (DVN) shares have gained 6.7% in the past three months, outperforming the Zacks Oil & Gas- Exploration and Production- United States industry’s decline of 21.4% and the broader Zacks Oil and Energy sector’s decline of 2%.While the three-month performance paints a positive picture for investors, looking at the past one-year performance is crucial for a fuller understanding. DVN’s stock has declined 26.7% in the past year, suggesting that it is on a gradual path to recovery. Another ...

The two oil companies make for a fascinating comparison. High-yielding Vitesse Energy (VTS 0.55%) and Devon Energy (DVN -1.20%) are connected in that Vitesse has minority interests in Devon-operated wells in the Williston Basin of North Dakota and Montana (Bakken Formation). However, they have different business models, risk profiles, and capital allocation priorities. Here's a look at what each offers and which might be the better stock overall.Vitesse Energy: A high-yield (8.8%) energy stockThe $725 milli ...

OKLAHOMA CITY, March 05, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that John Krenicki Jr. is retiring from the company's board of directors at the end of his current term and will not stand for re-election at the company’s annual meeting of stockholders, which is scheduled for June 4, 2025. Mr. Krenicki plans to focus on his full-time responsibilities at CD&R, a private equity firm where he currently serves as Vice Chairman. "John Krenicki has served with distinction on Devon’s ...

Group 1: Kenvue - Kenvue is trading at a discount since its spin-off from Johnson & Johnson in summer 2023, presenting a potential value investment opportunity [3] - The company needs to improve performance in its skin health and beauty segment, while maintaining growth in self-care and essential health segments [4] - Recent marketing investments have led to a 2.6% organic sales growth in the skin health and beauty segment in Q4, indicating potential for further growth in 2025 [5] - Kenvue's current dividend yield is 3.5%, enhancing its attractiveness for value investors [5] Group 2: 3M - 3M has faced disappointing growth but is undergoing a recovery with new management focusing on restructuring and operational improvements [6][7] - The restructuring includes spinning off the healthcare business, cutting unprofitable product lines, and enhancing go-to-market strategies, which have led to margin expansion [7][9] - Planned operational improvements aim to enhance profitability and set the stage for long-term growth, appealing to value investors [9] Group 3: Devon Energy - Devon Energy is positioned well in the oil and natural gas market, with management forecasting at least $3 billion in free cash flow if oil averages $70 per barrel in 2025 [11] - This free cash flow represents approximately 12.7% of Devon's market cap of $23.6 billion, indicating strong potential for dividend payments [11] - The company plans to allocate 30% of its free cash flow to reduce long-term debt and invest in share buybacks, while maintaining a fixed dividend of $0.96 per year [12] - Devon's operational improvements and a 15% increase in feet drilled position it well for 2025, making it an attractive value stock if oil prices remain stable [13]

Over the past three months, West Texas Intermediate crude prices have spiked around 15% only to turn around and come back down to a roughly 4% gain. There are supply-and-demand and geopolitical reasons for the price move, but the truth is that this type of volatility isn't uncommon in the energy sector.Here's why that could make ExxonMobil (XOM -0.25%) the better oil stock for you, or it could make Devon Energy (DVN -1.17%) the oil stock you might want to pick. Here's why.The basics: Exxon vs. DevonDevon En ...

Good. I caught you. Looking for value, that is. If that describes you, I urge you to give this article a read, or Stop, In The Name of Love. We think after you read thisHe is the leader of the investing group The Daily Drilling Report where he provides investment analysis for the oil and gas industry. Features of the group include: a model portfolio that covers all segments of upstream oilfield activity with weekly updates, ideas for both U.S and international energy companies, coverage from shale to deepwa ...