Devon Energy(DVN)
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3 Overlooked Stocks That Can Easily Double in 2024
InvestorPlace· 2024-04-12 20:11
Looking beyond the headline-creating stocks, it’s important to consider companies that fly under the radar. You know, companies with less than stellar coverage or business models largely ignored by the investing public. These three companies represent the sort of overlooked stocks that I think provide excellent value in this otherwise concentrated market. These companies have solid fundamentals and growth possibilities, offering impressive upside potential with minimal risk — ideal for diversified portfolio ...
Will Devon Energy (DVN) Beat Estimates Again in Its Next Earnings Report?
Zacks Investment Research· 2024-04-09 17:16
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Devon Energy (DVN) , which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry.When looking at the last two reports, this oil and gas exploration company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.60%, on average, in the last two quarters.For the last reported quarter ...
Devon Energy Stock Has 24% Upside, According to 1 Wall Street Analyst
The Motley Fool· 2024-04-08 21:18
The oil exploration and production company remains a highly attractive stock to buy for dividend investors and oil bulls alike.Devon Energy (DVN 0.30%) continues to find favor among the analyst community. Although analysts at Truist recently lowered their target price on the stock to $66 from $69, the target still implies a near 24% upside potential over the next 12 months or so.A different takeTruist's position is interesting and slightly different from what other analysts have been saying. Citi recently u ...
Here's Why Devon Energy Shares Gushed Higher in March
The Motley Fool· 2024-04-03 08:04
The energy company fell into favor among the analyst community last month,, and it continues to look like a great value stock option for investors.Shares of Devon Energy (DVN 1.31%) rose by 13.9% in March, according to data from S&P Global Market Intelligence. The move came down to a combination of an increase in the price of oil, from around $77 a barrel at the start to about $83 at the end of the month, and the Wall Street analyst community'a warming to the company's capital allocation policy in 2024.Devo ...
Devon Energy (DVN) Rises As Market Takes a Dip: Key Facts
Zacks Investment Research· 2024-04-02 22:51
Devon Energy (DVN) ended the recent trading session at $51.62, demonstrating a +1.32% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.72%. Elsewhere, the Dow saw a downswing of 1%, while the tech-heavy Nasdaq depreciated by 0.95%.Coming into today, shares of the oil and gas exploration company had gained 14.83% in the past month. In that same time, the Oils-Energy sector gained 6.92%, while the S&P 500 gained 2.16%.Market participants will be clos ...
Brokers Suggest Investing in Devon Energy (DVN): Read This Before Placing a Bet
Zacks Investment Research· 2024-04-02 14:36
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?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 b ...
2 Ultra-High-Yield Stocks to Buy Hand Over Fist and 1 to Avoid
The Motley Fool· 2024-04-01 07:47
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 ...
Where Will Devon Energy's Dividend Be in 1 Year?
The Motley Fool· 2024-04-01 07:27
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 ...
Don't Fall for These 3 Dividend Stocks: Cuts Are Coming
The Motley Fool· 2024-03-30 09:02
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 ...
Wall Street Just Got More Bullish on This High-Yield Energy Stock
The Motley Fool· 2024-03-23 22:06
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 ...