DVN

With an upside potential of 40.92%, Devon Energy Corporation (NYSE:DVN) is among the 12 Strong Buy Stocks with High Upside According to Analysts. On July 9, Truist lowered its price target on Devon Energy Corporation (NYSE:DVN) to $61 from $66 while maintaining a Buy rating ahead of the company’s second-quarter results. The firm expects the upcoming quarter to provide investors with the first detailed look at the newly combined organization following its recent acquisition activity. According to Truist, management discussions are likely to focus on planned asset divestitures, with executives previously indicating that sales could occur within months rather than years. The firm also expects investors to closely monitor synergy realization efforts and productivity improvements within the Delaware Basin as integration progresses. Earlier, on July 8, JPMorgan reduced its price target on Devon Energy Corporation (NYSE:DVN) to $55 from $62 while reiterating an Overweight rating. The firm forecasts total 2026 production volumes of approximately 1.384 million barrels of oil equivalent per day and believes merger integration remains on track. For the second quarter, JPMorgan anticipates modest upside in oil production and EBITDA performance, reflecting operational execution and the early benefits of combining assets and operations. Founded in 1971 and headquartered in Oklahoma City, Oklahoma, Devon Energy Corporation (NYSE:DVN) is an energy producer focused on the exploration, development, 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: 12 Best Quality Stocks to Buy and Hold for the Next Decade and 7 Best Fusion Energy Development Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.

Devon Energy Corporation (DVN), headquartered in Houston, Texas, is an independent U.S. oil and natural gas exploration and production company. Operating primarily onshore, it produces crude oil, natural gas liquids, and natural gas while maintaining a diversified portfolio focused on efficient, responsible production and long-term growth. The company has a market capitalization of approximately $27.2 billion. DVN is set to report its Q2 earnings on Tuesday, August 4, 2026, after the market closes. Ahead of the release, analysts expect the company to report diluted EPS of $1.34, up 59.5% from $0.84 in the year-ago quarter. Notably, DVN has surpassed Wall Street's EPS estimates in each of the last four quarters, which is impressive. Elon Musk Dubs Him ‘Scam Altman’ Not Sam — Then Altman Clapped Back: ‘Homeboy You’re The One Selling Space Datacenters’ Oracle Stock Crashes to a 52-Week Low. Here’s Why It Might Be Time to Buy. Short Seller Hunterbrook Attacked Bloom Energy’s Supply-Chain Claims. BE Stock Is Bruised, But Not Broken. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For fiscal 2026, analysts expect the company to report EPS of $4.72, up 20.4% from $3.92 in fiscal 2025. Moreover, its EPS is projected to increase another 2.3% year over year to $4.83 in fiscal 2027. DVN stock has climbed 30.7% over the past 52 weeks, outperforming both the S&P 500 Index ($SPX), which returned 20.3%, and the State Street Energy Select Sector SPDR ETF (XLE), which gained 29.2% during the same period. On July 13, 2026, Devon Energy shares climbed more than 3%, outperforming the broader market as WTI crude oil surged over 9% to a 3.5-week high. Oil prices jumped after escalating U.S.-Iran tensions and renewed concerns over disruptions in the Strait of Hormuz, boosting investor sentiment toward energy producers and improving their near-term earnings outlook. Analysts remain bullish on DVN, with the stock earning a consensus "Strong Buy" rating. Among the 27 analysts covering the stock, 24 recommend a "Strong Buy," one rates it a "Moderate Buy," and two suggest "Hold." The average price target of $59.46 implies a potential upside of 37% from the current share price. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Devon Energy (DVN), which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry. When looking at the last two reports, this oil and gas exploration company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 2.62%, on average, in the last two quarters. For the last reported quarter, Devon Energy came out with earnings of $1.04 per share versus the Zacks Consensus Estimate of $1 per share, representing a surprise of 4.00%. For the previous quarter, the company was expected to post earnings of $0.81 per share and it actually produced earnings of $0.82 per share, delivering a surprise of 1.23%. With this earnings history in mind, recent estimates have been moving higher for Devon Energy. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Devon Energy has an Earnings ESP of +1.50% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on August 4, 2026. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive...

In recent days, Devon Energy has drawn attention as investors react to expectations of year-over-year earnings and revenue growth ahead of its August 4, 2026 earnings release, supported by positive revisions to analyst estimates. This shift in expectations suggests the market is increasingly focused on Devon’s earnings quality and estimate momentum rather than broader equity market moves. We’ll now examine how these upgraded earnings expectations and estimate revisions may influence Devon Energy’s existing investment narrative. AI is about to change healthcare. These 40 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. To own Devon Energy today, you have to believe the combined Devon Coterra business can convert its U.S. shale scale into resilient cash flows despite commodity and regulatory uncertainty. The recent share move on upgraded earnings expectations ahead of the August 4, 2026 report reinforces earnings momentum as the key near term catalyst, while the biggest ongoing risk remains Devon’s dependence on capital intensive shale production and commodity prices. This news does not materially change that core risk. The most relevant recent development is Devon’s completion of the Coterra merger and the related US$8.0 billion buyback authorization, which together reshape the company’s earnings base and capital return profile. As the market responds to rising earnings estimates, investors will likely watch how the enlarged portfolio, new leadership team and expanded share repurchase capacity interact with upcoming results and guidance to either support or challenge the upgraded expectations now embedded in the share price. Yet beneath these improved estimates, investors should be aware that Devon’s heavy concentration in U.S. shale still leaves it exposed to... Read the full narrative on Devon Energy (it's free!) Devon Energy's narrative projects $23.3 billion revenue and $4.8 billion earnings by 2029. This requires 13.2% yearly revenue growth and a $2.2 billion earnings increase from $2.6 billion today. Uncover how Devon Energy's forecasts yield a $59.28 fair value, a 41% upside to its current price. Some of the most optimistic analysts were already assuming Devon could lift annual revenue toward about US$37.7 billion by 2029, which is far...

OKLAHOMA CITY, July 01, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report second-quarter 2026 results on Tuesday, August 4, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2026 results will be available on the company’s website at www.devonenergy.com. On Wednesday, August 5, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the website following the call. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio anchored by our world-class position in the Delaware Basin, as well as high quality assets in the Anadarko Basin, Eagle Ford Shale, Marcellus Shale, Powder River Basin and Williston Basin. Devon’s disciplined capital allocation model is designed to achieve strong returns, generate resilient free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.

Devon Energy (DVN) reported Monday that between 66% and 98% of notes across seven bond series were t

HOUSTON, June 08, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) (“Devon”) today announced that, in connection with the previously announced offers to Eligible Holders (as defined herein) to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by Coterra Energy Inc., a direct, wholly owned subsidiary of Devon (“Coterra”), as set forth in the table below (the “Existing Coterra Notes”) for (1) new notes issued by Devon (the “New Devon Notes”) and (2) cash, and solicitations of consents by Coterra from Eligible Holders (each, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) to adopt certain proposed amendments to each of the corresponding indentures governing the Existing Coterra Notes (other than the Existing Coterra OpCo Notes (as defined herein)) (with respect to the corresponding indenture for such Existing Coterra Notes, the “Proposed Amendments”), as of 5:00 p.m., New York City time, on June 5, 2026 (the “Early Tender Date”), the following principal amounts of each series of Existing Coterra Notes have been validly tendered and not validly withdrawn (and consents thereby have been validly given and not validly revoked): ________________________________(1) Represents senior notes issued by Coterra Energy Operating Co., an indirect wholly owned subsidiary of Devon previously known as Cimarex Energy Co. (the “Existing Coterra OpCo Notes”). Coterra has received the requisite number of consents to adopt the Proposed Amendments with respect to each of the five outstanding series of Existing Coterra Notes that are subject to the Consent Solicitations. Notwithstanding anything herein to the contrary, the Existing Coterra OpCo Notes are not subject to the Consent Solicitations. Accordingly, Coterra and the trustee for each such outstanding series of Existing Coterra Notes have executed and delivered a supplemental indenture amending the indentures governing the Existing Coterra Notes effecting the Proposed Amendments, which such supplemental indenture will become operative on the settlement date, which is expected to occur within two business days after the Expiration Date (as defined herein). Tendered Existing Coterra Notes may no longer be withdrawn. Devon has also announced that the previous deadline for Eligible Holders to tender their Existing Coterra Notes and...

A month has gone by since the last earnings report for Matador Resources (MTDR). Shares have added about 0.3% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Matador due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for Matador Resources Company before we dive into how investors and analysts have reacted as of late. Matador Resources reported first-quarter 2026 adjusted earnings of $1.53 per share, down 23.1% from $1.99 a year ago. The bottom line beat the Zacks Consensus Estimate of $1.24 by 23.4%. Total revenues were $671.6 million, down 33.8% from $1,014 million in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $883.3 million by 24.0%. Better-than-expected quarterly earnings were driven by increased total production volumes and slightly lower operating expenses. The positives were partially offset by lower natural gas price realizations. Matador Resources is primarily involved in oil and gas exploration and production activities in the United States. The company’s overall financial performance is heavily dependent on the oil and gas pricing environment. Most of MTDR’s production comprises oil (58% of total first-quarter production), making oil prices a major factor in determining the company’s earnings. The average oil production was 120,277 barrels per day (Bbl/D), reflecting a 4.6% increase from the prior-year figure of 115,030. The figure also beat our estimate of 116,217.3 Bbl/D. Natural gas production was recorded at 523.9 million cubic feet per day (MMcf/D), up from 501.6 MMcf/D recorded a year ago. The reported figure came in higher than our estimate of 519.7 MMcf/D. Total oil equivalent production in the first quarter was 207,594 barrels of oil equivalent (BOE/D), reflecting a 4.5% increase from the year-ago quarter’s figure of 198,631 BOE/D. The figure also exceeded our projection of 202,834.8 BOE/D. The company’s production volumes exceeded the midpoint of the guidance range by 3%, primarily due to the sustained outperformance of Matador Resources’ producing wells and those brought into production in the first quarter of 2026. Matador Resources turned 36 net operated wells to production in the quarter, including a large portion in late F...

A month has gone by since the last earnings report for Devon Energy (DVN). Shares have lost about 0.9% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Devon Energy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Devon Energy's Q1 Earnings Beat Estimates, Coterra Merger on CourseDevon Energy Corp. reported first-quarter 2026 earnings per share (EPS) of $1.04, surpassing the Zacks Consensus Estimate of $1 by 4%. The metric was down 14% year over year.GAAP EPS in the reported quarter was 19 cents compared with 77 cents in the year-ago quarter. The difference between GAAP and operating earnings in the first quarter was due to an impact of 81 cents from fair value changes in financial instruments, 1 cent for asset and exploration impairments, and 3 cents from restructuring and transaction costs. Total revenues for the quarter were $3.80 billion, which lagged the Zacks Consensus Estimate of $4.16 billion by 8.5%. The top line decreased 14.5% from the year-ago quarter’s figure Net production in the first quarter totaled 833,000 barrels of oil equivalent per day (Boe/d), up 2.2% year over year. The production volume was within the guided range of 823,000-843,000 Boe/d. Improvement in production volumes from the Delaware Basin boosted the metric.Natural gas liquids production increased 7.4% year over year to 218,000 barrels per day (Bbl/d). Oil production amounted to 387,000 Bbl/d, down marginally by 0.2% on a year-over-year basis, due to a weaker contribution from the Delaware Basin. Realized oil prices (including cash settlements) for the quarter were $67.94 per barrel, down 1.7% from $69.15 in the year-ago period. Realized prices for natural gas liquids were $17.80 per barrel, down 18.8% from $21.93 in the prior-year quarter.Realized gas prices were $1.68 per thousand cubic feet, indicating a decline of 32.3% from $2.48 a year ago.Total oil equivalent realized prices, including cash settlements, were $38.94 per Boe, down nearly 8.3% year over year. Total production expenses in the first quarter were $894 million, down 19.7% year over year.Devon Energy bought back $69 million worth of shares in the first quarter. Looking...

ConocoPhillips, EOG Resources, and Phillips 66 drive 38% of IEO’s income, making the fund deeply dependent on energy sector volatility. IEO returned 41% in the past year but retirees should avoid it; payouts are unpredictable and WTI at 98th percentile suggests downside risk. The analyst who called NVIDIA in 2010 just named his top 10 stocks and iShares US Oil & Gas Exploration & Production ETF wasn't one of them. Get them here FREE. The iShares U.S. Oil & Gas Exploration & Production ETF (NYSEARCA:IEO) just paid a $0.55 distribution in March, the lightest quarterly payment since mid-2024. IEO holders are buying the aggregated dividend policies of America's largest oil and gas producers, and those policies flex with the commodity. With WTI back above $112 per barrel in mid-May, the question is whether distributions through the rest of 2026 will hold near current levels, surge toward 2022 highs, or decline as they did during the winter oil swoon. IEO is a passive index fund tracking U.S. oil and gas exploration, production, and refining names. It charges 0.38% in expenses and pays out roughly what its underlying companies pay, net of fees. When ConocoPhillips raises its variable dividend, IEO's next quarterly distribution rises. When EQT cuts in a weak gas market, IEO's distribution shrinks. That mechanic makes the payout inherently lumpy. Quarterly distributions ranged from $0.19 in the second quarter of 2020 to $1.22 in the third quarter of 2022. The 2025 payments averaged $0.58 per share, in line with 2024. IEO functions as a pass-through for energy cash flow. The analyst who called NVIDIA in 2010 just named his top 10 stocks and iShares US Oil & Gas Exploration & Production ETF wasn't one of them. Get them here FREE. Three names produce most of the income. ConocoPhillips alone is roughly 20% of assets, with EOG Resources at about 10% and Phillips 66 at about 9%, putting the top three near 38% of the fund. Marathon Petroleum and Devon Energy add another 11%. ConocoPhillips is the linchpin. The stock is up 43% over the past year and pays a base dividend plus a variable component tied to free cash flow. With WTI averaging well above its breakeven, base coverage is secure. The variable piece will fall if oil retreats toward $55 December 2025 low. Gas-weighted holdings introduce separate risk. EQT and Coterra represent about 9% of the fund, and Henry Hub has c...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Devon Energy as “they have tremendous natural gas, and that's what we're great at.” Lending support to his choice, Wells Fargo analyst Hanwen Chang, on Monday, maintained Devon Energy with an Overweight rating and raised the price target from $66 to $68. Cramer said USA Compression Partners hit a 52-week high on Monday, but “I think that's just another nice one to have, and it won't go down as much as the others because it's got that good yield.” Don't Miss: Think Your ‘Safe' Stocks Protect You? You're Ignoring the Real Growth Triggers — Here's What to Add Now Caught With Nothing Saved for Retirement? These 5 Game‑Changing Tips Could Still Save You On the earnings front, USA Compression Partners, on May 5, posted mixed results for the first quarter. Taiwan Semiconductor Manufacturing Co. might “not necessarily skyrocket,” but it's going to go higher. As per the recent news, Taiwan Semiconductor Manufacturing is accelerating investments in advanced chips, packaging, and AI infrastructure as company executives position the foundry giant to capture long-term growth from the expanding artificial intelligence market. When asked about STMicroelectronics, he said, “We're late, we're late, we're late — 51 times earnings does not make it for me, even if it's a good company.” See Also: Think you're saving enough for your kids? You might be dangerously off — see why In other words, STMicroelectronics may be a good company, but Cramer thinks the stock has become too expensive after its recent run-up. STMicroelectronics reported mixed first-quarter results on April 23 and issued second-quarter sales guidance above estimates. Solv Energy is a “great niche” company, Cramer said. Supporting his view, SOLV Energy reported better-than-expected first-quarter sales on May 12. Photo via Shutterstock Read Next: Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to...

Devon Energy Corporation's (NYSE:DVN) lackluster earnings announcement last week disappointed investors. We think that they may have more to worry about than just soft profit numbers. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. To understand the value of a company's earnings growth, it is imperative to consider any dilution of shareholders' interests. Devon Energy expanded the number of shares on issue by 80% over the last year. As a result, its net income is now split between a greater number of shares. Per share metrics like EPS help us understand how much actual shareholders are benefitting from the company's profits, while the net income level gives us a better view of the company's absolute size. Check out Devon Energy's historical EPS growth by clicking on this link. Devon Energy's net profit dropped by 62% per year over the last three years. And even focusing only on the last twelve months, we see profit is down 19%. Like a sack of potatoes thrown from a delivery truck, EPS fell harder, down 17% in the same period. So you can see that the dilution has had a fairly significant impact on shareholders. In the long term, if Devon Energy's earnings per share can increase, then the share price should too. However, if its profit increases while its earnings per share stay flat (or even fall) then shareholders might not see much benefit. For the ordinary retail shareholder, EPS is a great measure to check your hypothetical "share" of the company's profit. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Finally, we should also consider the fact that unusual items boosted Devon Energy's net profit by US$343m over the last year. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. Which is hardly surprising, given the name. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the a...