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Fly News Breaks for August 8, 2019
DVN
Aug 8, 2019 | 21:04 EDT
MUFG analyst Michael McAllister raised his price target on Devon Energy to $36 after its Q2 earnings beat and raised FY19 production guidance for the second time this year. The analyst keeps his Neutral rating however, noting the company continues to seek a buyer for its Barnett Shale to focus its portfolio on "four assets". McAllister also sees Devon Energy's cost saving initiative proceeding ahead of schedule.
News For DVN From the Last 2 Days
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.
