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Fly News Breaks for January 15, 2020
DVN
Jan 15, 2020 | 08:12 EDT
JPMorgan analyst Arun Jayaram says Devon Energy is one of his "highest conviction longs" into the Q4 print given potential upside to oil and cash flow forecasts relative to the Street. The analyst thinks the upside surprise will be fueled by strong operating results in the Delaware Basin. He also sees an "intriguing inventory catalyst" that could potentially play out on the Q4. He keeps an Overweight rating on Devon Energy with a $36 price target.
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.
