Latest news with #DevonEnergyCorporation
Yahoo
16-07-2025
- Business
- Yahoo
Devon Energy's Quarterly Earnings Preview: What You Need to Know
Valued at a market cap of $20.7 billion, Devon Energy Corporation (DVN) is an independent energy company headquartered in Oklahoma City, Oklahoma. It explores, develops, and produces oil, natural gas, and natural gas liquids. The company is expected to announce its fiscal Q2 earnings for 2025 after the market closes on Tuesday, Aug. 5. Ahead of this event, analysts expect this energy company to report a profit of $0.81 per share, down 42.6% from $1.41 per share in the year-ago quarter. The company has topped Wall Street's earnings estimates in three of the last four quarters, while missing on another occasion. In Q1, DVN's EPS of $1.21 fell short of the forecasted figure by 4.7%. Energy Commodities in Q2- Where are they Heading in Q3? Nat-Gas Prices Continue Higher on Hot US Weather Forecasts Oil Is in a Choppy Uptrend. Where Will Prices Go From Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2025, analysts expect DVN to report a profit of $3.89 per share, down 19.3% from $4.82 per share in fiscal 2024. Nonetheless, its EPS is expected to rebound in fiscal 2026, growing by 4.1% year-over-year to $4.05. DVN has declined 33.1% over the past 52 weeks, considerably underperforming both the S&P 500 Index's ($SPX) 10.9% return and the Energy Select Sector SPDR Fund's (XLE) 5.5% downtick over the same time frame. On May 6, DVN reported mixed Q1 results, and its shares plunged 1% in the following trading session. On the upside, the company's revenue improved 23.8% year-over-year to $4.5 billion, exceeding the consensus estimate by 2.1%. Higher oil, gas and NGL sales, along with an increase in its marketing and midstream revenues, supported its robust top-line rise. However, on the downside, while its adjusted earnings of $1.21 per share grew 4.3% from the last quarter, it fell short of analyst estimates by 4.7%. DVN's underwhelming profitability might have dampened investor confidence. Wall Street analysts are moderately optimistic about DVN's stock, with a "Moderate Buy" rating overall. Among 25 analysts covering the stock, 16 recommend "Strong Buy," two indicate "Moderate Buy," and seven suggest "Hold.' The mean price target for DVN is $43.48, indicating a 35.2% potential upside from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
09-07-2025
- Business
- Yahoo
Citi Reiterates Buy Recommendation on Devon Energy (DVN)
Devon Energy Corporation (NYSE:DVN) is one of the best high growth stocks. On June 4, Citi reiterated a Buy rating on DVN with a price target of $43. The decision is aligned with the firm's recently announced $1 billion optimization plan and the operational updates provided during its Q1 earnings call. A main focus in discussions surrounding Devon Energy Corporation (NYSE:DVN) is the potential impact of its optimization strategy on operational efficiency, capital intensity, and free cash flow per barrel by 2027. Supported by a 9.39% revenue growth rate and solid financial fundamentals, the company is well-positioned to execute its strategic objectives. Citi analysts have further evaluated how these metrics may compare with those of industry peers over the medium term. A group of technicians in hazmat suits inspecting a natural gas storage tank. Devon Energy's strategic roadmap is designed to improve its financial performance through cost management and prudent capital allocation. These efforts are expected to enhance the firm's competitive positioning within the broader energy sector, reinforcing its long-term operational and market resilience. Citi's Buy rating indicates confidence in Devon Energy's long-term strategic direction, particularly as the company advances its financial objectives and operational optimization efforts. Stakeholders are expected to closely monitor the company's execution amid the dynamic energy sector landscape. Devon Energy Corporation (NYSE:DVN) is an independent American energy firm focused on the exploration and production of oil, natural gas, and natural gas liquids. While we acknowledge the potential of DVN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
This Cheap Energy Stock is on Track for a Significant Increase in Cash Flows
Devon Energy Corporation (NYSE:DVN) is one of the 12 Best Natural Gas Stocks to Buy According to Analysts. A group of technicians in hazmat suits inspecting a natural gas storage tank. Devon Energy Corporation (NYSE:DVN) generated an impressive $1 billion in free cash flow in the first quarter of 2025, returning nearly half to shareholders through dividends and share buybacks. Moreover, the company boasts an impressive corporate breakeven of $45, positioning it well to generate value even in a low-price environment that we witnessed over the last couple of months. Devon Energy Corporation (NYSE:DVN) announced earlier this year that it is on track to deliver recently announced plans to boost its annual free cash flow by $1 billion by the end of 2026 by reducing drilling and completion costs and improving operating margins. At the company's current valuation multiples, capitalizing the after-tax impact of the targeted $1 billion of additional free cash flow could translate to an estimated $10 per share in value. With a current Forward P/E ratio of 8.88, Devon Energy Corporation (NYSE:DVN) is included among the 10 Cheap Energy Stocks to Buy Now. Devon Energy Corporation (NYSE:DVN) is a leading independent energy company engaged in finding and producing oil and natural gas, with operations focused onshore in the United States. While we acknowledge the potential of DVN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None.
Yahoo
06-05-2025
- Business
- Yahoo
Devon Energy Reports First-Quarter 2025 Results and Declares Quarterly Dividend
Devon Energy Corporation OKLAHOMA CITY, May 06, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first-quarter 2025. The company also declared its quarterly dividend and provided an updated 2025 outlook. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, The company's first-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, May 7, 2025, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon's disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit Investor Contact Media Contact Michelle Hindmarch, 405-552-7460 405-228-4450
Yahoo
05-05-2025
- Business
- Yahoo
Devon Energy Corporation (DVN): Among the Most Undervalued Energy Stocks to Buy According to Hedge Funds
We recently published a list of the 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Devon Energy Corporation (NYSE:DVN) stands against other undervalued energy stocks. As of the close of May 2, 2025, the overall energy sector is undervalued by 13.1%, as compared to the general market's undervaluation of 5.3%. The current downturn in the energy sector is primarily attributed to the current trade war sparked by President Trump's tariffs and its resultant forecasted global economic slowdown. Moreover, global crude oil prices have plunged heavily since last month, with the West Texas Intermediate (WTI) crude price currently hovering around the $56 mark – a level it last hit during the Covid-19 pandemic in 2021. READ ALSO: Top 15 Energy Companies With the Highest Upside Potential Crude oil took a fresh hit this weekend after OPEC+ stunned the market by announcing a larger-than-expected output increase for June. This follows a similar surge announced for May and signals a sharp reversal from the group's efforts to defend crude prices. It seems like Saudi Arabia has adopted a low-price strategy, aiming to discipline overproducing members like Kazakhstan and Iraq. This could also be a part of Riyadh's efforts to build good relations with Donald Trump, who has recently been calling on the Kingdom to increase production in order to bring prices down. Given the high volatility in the market, it comes as no surprise that short-sellers marginally increased their bets against oil and gas stocks in March, with short interest in the energy sector reaching 2.58% compared to 2.52% in February. That said, while oil may be presenting a bleak outlook, there are other sectors within the energy business that look very promising right now. A significant growth driver for the global energy industry is the ongoing AI boom and its accompanying power-hungry data centers. According to the International Energy Agency, the global electricity demand from data centers is set to more than double by 2030 to around 945 terawatt-hours (TWh), slightly more than the entire electricity consumption of Japan today. The rise of AI is also reshaping US power markets, as according to BNEF, the country's data center demand is projected to rise from 3.5% of total electricity demand today to 8.6% by 2035. Big Tech seems to have jumped headfirst into the AI boom, with commitments to invest hundreds of billions of dollars to build data centers and ensure their energy supply. In fact, this strategic move has injected new life into sectors such as nuclear, which has regained the spotlight after several tech giants met on the sidelines of the CERAWeek conference in March and signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050. That said, there have been concerns lately that the power demand required by the ballooning data center industry may have been overestimated, which led to several energy stocks posting significant declines not so long ago. However, the recently reported better-than-expected results from the cloud and AI businesses of some American tech giants suggest that these fears may have been overblown. Commercial real estate executives have stated that while there has been a 'pause' in some data center capex, it is likely to be temporary, with hundreds of billions of dollars still to be spent. A group of technicians in hazmat suits inspecting a natural gas storage tank. To collect data for this article, we looked for companies operating in the energy sector with forward P/E ratios of below 15 as of the close of May 2, 2025. Then, we identified companies that have delivered substantial returns over the last five years, in order to steer clear of potential value traps. In the end, we selected companies with the highest number of hedge fund holders in the Insider Monkey database, as of Q4 2024. The following are the Most Undervalued Energy Stocks According to Hedge Funds. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). No. of Hedge Fund Holders: 55 Forward P/E Ratio as of May 2: 7.93 Devon Energy Corporation (NYSE:DVN) is a leading independent energy company engaged in finding and producing oil and natural gas, with operations focused onshore in the United States. Devon Energy Corporation (NYSE:DVN) had a strong Q4 2024 as its adjusted EPS of $1.16 topped expectations of $1. The company's revenue also increased by 6.22% YoY to $4.4 billion, beating estimates by around $155.3 million. Devon's oil production reached an all-time high of 398,000 bpd during the quarter, while its overall production came in at 848,000 boe/d. Such a strong performance was aided by the contribution from the Williston Basin business, which Devon acquired from Grayson Mill Energy in a $5 billion deal last year. Devon Energy Corporation (NYSE:DVN) has invested heavily to grow its scale across several key U.S. oil and gas production basins to reduce costs and enhance its ability to produce free cash flow. As a result, the company reported $3 billion in free cash flow last year, with the goal to generate an additional $1 billion by the end of 2026. The oil and gas producer aims to achieve this by reducing drilling and completion costs and improving operating margins. DVN also returned $2 billion to its shareholders in 2024 and is now targeting up to a 70% cash return payout at current strip pricing. Overall, DVN ranks 8th on our list of the most undervalued energy stocks to buy according to hedge funds. While we acknowledge the potential of DVN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DVN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
