Devon Energy: Creating Value With Low Oil Prices

I am rating Devon Energy (NYSE: DVN ) with a Buy and a $40 price target. Based on historical valuations of a 4.8x EV/EBITDA multiple, the company is undervalued, trading at roughly 4.1x. Before diving into the main points of this article, I will provideWith over two decades of experience, Jaime is a former sell-side and buy-side equity research analyst with deep and extensive knowledge of the energy and clean technology sector. He is a long-only fundamental analyst focusing on small to mid-cap companies. No ...