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Fly News Breaks for June 8, 2018
ENLK, DVN
Jun 8, 2018 | 06:38 EDT
MUFG analyst Michael McAllister raised his price target for Devon Energy (DVN) to $44 saying the sale of its EnLink Midstream Partners (ELNK) interests cleans up the balance sheet and offers clarity to investors. Devon is pledging the bulk of the proceeds to investors, raising its share repurchase program from $1B to $4B, McAllister tells investors in a research note. The analyst keeps a Neutral rating on the shares.
News For DVN;ENLK From the Last 2 Days
DVN
Apr 23, 2024 | 09:57 EDT
DVN
Apr 22, 2024 | 09:32 EDT
Truist analyst Neal Dingmann raised the firm's price target on Devon Energy to $69 from $66 and keeps a Buy rating on the shares. The company's upcoming earnings release should see "no surprises" as its drilling and completion costs in key operating areas remain "efficient", the analyst tells investors in a research note. Truist adds that Devon's overall capital efficiency could return this year to levels last seen in 2021-2022 after cumulative average production fell sequentially in the Delaware and Bakken the past two years.
