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Fly News Breaks for June 6, 2017
DVN
Jun 6, 2017 | 07:08 EDT
Stifel analyst Derrick Whitfield,says he is "very bullish on Devon's core assets in the Anadarko and Delaware." The analyst thinks that the company's valuation multiple can increase more than that of any of its "bellwether peers," and he contends that the stock is "oversold on both fundamental and technical measures." Whitfield calls Devon a near-term top pick and reiterates a $74 price target and Buy rating.
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.
