（原标题：?近年来油气行业最大合并倒计时? 传二叠纪巨头Coterra(CTRA.US)与戴文能源(DVN.US)酝 酿并购） Piazza补充表示："由于资产多元使得难以向投资者包装成一个清晰的主题，因此精简整合最优质资源 最为可行。" 戴文能源公司在二叠纪盆地一片钻探规模快速增长的区域——被称为特拉华盆地(Delaware Basin)，拥 有大约40万净英亩的权利;Coterra在该区域也拥有34.6万英亩的持仓。此外，Coterra在马塞勒斯页岩 (Marcellus Shale)也拥有大规模资产。 Kimmeridge Energy Management Co.是一家长期以来直言不讳的油气投资机构，在两家公司均持有股份; 其已表态支持潜在的双方联姻，使合并后的公司能够聚焦其二叠纪特拉华盆地资产。 合并对双方而言都是有利的结果 智通财经APP获悉，媒体援引知情人士透露的消息报道称，美国二叠纪油气巨头Coterra Energy Inc. (CTRA.US)与戴文能源公司(DVN.US)正在就合并进行深入谈判;若达成，这将成为近年来全球规模最大 的油气领域并购交易之一。知情人士表示，两家油气巨头可能在未 ...

智通财经APP获悉，媒体援引知情人士透露的消息报道称，美国二叠纪油气巨头Coterra Energy Inc. (CTRA.US)与戴文能源公司(DVN.US)正在就合并进行深入谈判;若达成，这将成为近年来全球规模最大 的油气领域并购交易之一。知情人士表示，两家油气巨头可能在未来几天内宣布并购交易。知情人士补 充称，双方尚未作出任何最终决定，时间安排可能变化，谈判也可能破裂。该交易将加强他们在西得克 萨斯州和新墨西哥州二叠纪盆地的市场领先地位，使他们拥有更大的规模，更好地与埃克森美孚等竞争 对手们进行竞争。 周四在纽约股票市场，并购利好消息催化之下Coterra股价一度上涨4.6%，使该公司市值一度高达约220 亿美元。戴文能源公司股价一度上涨3.7%，市值一度高达260亿美元。 双方关于并购的最新讨论表明，在2025年相对低迷之后，美国大型油气钻探商们正迫切希望通过整合实 现油气资源集中化。该交易将强化它们在得克萨斯州西部与新墨西哥州二叠纪盆地(Permian Basin)的能 源主导地位——这是美国规模最大且产量最高的油气田，并购成功之后的实体将获得更庞大油气市场规 模，以便更好地与埃克森美孚公司(XOM ...

Coterra Energy and Devon Energy could announce an agreement to merge as soon as next week, in what would be the largest oil and gas deal in the U.S. shale industry in almost two years, a source famili... ...

Core Viewpoint - Devon Energy Corporation is a significant player in the oil and natural gas sector, focusing on exploration and production primarily in the United States, with a market capitalization of $24.8 billion [1] Performance Summary - Over the past year, Devon Energy has slightly underperformed the broader market, with a 14.2% increase compared to the S&P 500 Index's 15% rise [2] - In the last six months, Devon's stock surged 16.8%, outperforming the S&P 500 Index's 9.2% increase [2] - On a sector-specific level, Devon has outperformed the iShares U.S. Oil & Gas Exploration & Production ETF, which saw a 2.1% decline over the past year and a 5.2% rise over the past six months [3] Recent Developments - On January 23, Devon Energy shares rose over 2% as energy stocks rallied alongside a significant rebound in crude oil prices, with WTI crude increasing over 3% [4] - Analysts project an 18.3% year-over-year decline in earnings for FY2025, estimating earnings at $3.94 per share [5] - Devon has exceeded earnings estimates in three of the past four quarters, with one miss [5] Analyst Ratings - The consensus rating for Devon Energy is "Moderate Buy," supported by 21 "Strong Buys," two "Moderate Buys," six "Holds," and one "Strong Sell" among 30 analysts [5] - Recent sentiment shows a slight softening from a previous "Strong Buy" rating [6] - Wells Fargo analyst Hanwen Chang reaffirmed an "Overweight" rating and raised the price target from $37 to $43, indicating increased confidence in the company's earnings outlook [6] Price Targets - The mean price target for Devon Energy is $44.93, suggesting a 12.8% premium to current price levels [7] - The highest target among analysts is $62, indicating a potential upside of 55.7% [7]

Group 1: Stock Performance - Devon Energy (DVN) closed at $38.64, reflecting a +1.74% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.03% [1] - Over the last month, Devon Energy's shares increased by 4.92%, lagging behind the Oils-Energy sector's gain of 6.65% but surpassing the S&P 500's gain of 0.6% [1] Group 2: Upcoming Earnings - Devon Energy is set to announce its earnings on February 17, 2026, with projected earnings of $0.84 per share, indicating a year-over-year decline of 27.59% [2] - The consensus estimate forecasts revenue of $4.14 billion, representing a 6.04% decline compared to the same quarter of the previous year [2] Group 3: Full Year Projections - For the full year, Zacks Consensus Estimates project earnings of $3.93 per share and revenue of $17.2 billion, reflecting changes of -18.46% and 0%, respectively, from the prior year [3] - Recent modifications to analyst estimates for Devon Energy may indicate changing near-term business trends, with positive revisions suggesting analyst optimism [3][4] Group 4: Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Devon Energy at 4 (Sell), with a consensus EPS projection that has decreased by 9.88% in the past 30 days [5] - Historically, 1 ranked stocks have contributed an average annual return of +25% since 1988 [5] Group 5: Valuation Metrics - Devon Energy has a Forward P/E ratio of 11.29, which is lower than the industry average Forward P/E of 12.28 [6] - The company holds a PEG ratio of 3.44, which is in line with the industry average PEG ratio of 3.44 [6] Group 6: Industry Context - The Oil and Gas - Exploration and Production - United States industry, part of the Oils-Energy sector, currently ranks 241 in the Zacks Industry Rank, placing it in the bottom 2% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

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Group 1 - Devon Energy Corporation (NYSE:DVN) is considered one of the best large cap value stocks to buy in 2026, with Bank of America raising its price target to $46 from $45 while maintaining a Buy rating [1] - Scotiabank downgraded Devon Energy to Sector Perform from Sector Outperform, lowering the price target to $41 from $47, following a year where Devon was the top-performing stock in the firm's E&P coverage for 2025 [2][4] - BofA's analysis indicates that Devon's valuation has shifted to the middle range compared to other second-tier E&P firms, reflecting significant price appreciation [3] Group 2 - Scotiabank anticipates continued progress from Devon's internal self-help initiatives but believes that most positive catalysts have already been realized, as evidenced by the stock's outperformance in 2025 [3]

Core Insights - Devon Energy Corporation (NYSE: DVN) is currently transitioning from an aggressive growth strategy, indicating a potential shift in its operational focus and investment approach [1] Group 1: Company Analysis - Devon Energy is highlighted as one of the few major Oil & Gas producers that has not been reviewed yet, suggesting it may present an opportunity for investment analysis [1] - The company is part of a sector that has been undervalued and disliked, which could offer substantial returns due to strong fundamentals and good cash flows [1] - The analyst expresses a long-term value investing approach, indicating that Devon Energy may be positioned for future growth as market perceptions change [1] Group 2: Market Context - The Oil & Gas sector is noted for having companies that are often overlooked, which can lead to investment opportunities for those willing to analyze the fundamentals [1] - The mention of Energy Transfer as a previously unloved company that has become a hold suggests a broader trend in the sector where companies may be undervalued despite strong performance [1]

Core Insights - Devon Energy Corporation (NYSE: DVN) is currently transitioning from an aggressive growth strategy, indicating a potential shift in its operational focus and investment approach [1] Group 1: Company Analysis - Devon Energy is highlighted as one of the few major Oil & Gas producers that has not been previously reviewed, suggesting it may be undervalued or overlooked in the market [1] - The company is part of a sector that includes Energy Transfer, which has been identified as a company that was previously avoided by investors but is now seen as a valuable investment opportunity [1] - The focus on long-term value investing is emphasized, with a preference for companies that have strong fundamentals and good cash flows, which may apply to Devon Energy [1] Group 2: Investment Strategy - The analysis reflects a strategy of identifying undervalued companies or industries that have strong fundamentals, particularly in the Oil & Gas sector [1] - There is a mention of deal arbitrage opportunities in other sectors, indicating a broader investment strategy that may also apply to Devon Energy if similar opportunities arise [1] - The intent to review every public company suggests a comprehensive approach to investment analysis, which may include Devon Energy in future evaluations [1]