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Fly News Breaks for April 19, 2016
DVN
Apr 19, 2016 | 07:07 EDT
As previously reported, Morgan Stanley upgraded Devon Energy to Overweight from Equal Weight. Analysts led by Evan Calio said the recent stabilization in oil price increases the likelihood Devon will be successful with asset sales and places focus on E&P future upside to medium-term commodity price recovery and operating leverage. Calio views Devon risk/reward as favorable and raised his price target to $36 on shares.
News For DVN 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.
