Wells Fargo Maintains Overweight on Devon Energy, Lowers Price Target to $57
$DVN
Oil & Gas Production
Energy
Wells Fargo analyst Roger Read maintains Devon Energy (NYSE:DVN) with a Overweight and lowers the price target from $60 to $57.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/3/2024 | $45.00 | Hold | Jefferies |
| 7/18/2024 | Peer Perform | Wolfe Research | |
| 4/10/2024 | $59.00 | Equal Weight | Barclays |
| 4/1/2024 | $46.00 → $59.00 | Equal Weight → Overweight | Wells Fargo |
| 12/11/2023 | $48.00 → $52.00 | Equal-Weight → Overweight | Morgan Stanley |
| 12/6/2023 | $57.00 → $58.00 | Neutral → Overweight | JP Morgan |
| 11/9/2023 | Neutral → Outperform | Pickering Energy Partners | |
| 10/17/2023 | $48.00 | Outperform → Mkt Perform | Bernstein |
OKLAHOMA CITY, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced that it has completed its previously announced acquisition of Grayson Mill Energy, for a transaction valued at $5 billion before giving effect to purchase price adjustments. The acquisition adds a high-margin production mix that enhances Devon's position as one of the largest producers in the U.S. The transaction transforms the company's Williston Basin business, with the addition of 307,000 net acres, 500 undrilled gross locations and 300 high-quality refrac candidates. "We are excited to announce the completion of our acquisition of Grayson Mill Energy. This strategic transaction is an excel
OKLAHOMA CITY, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report third-quarter 2024 results on Tuesday, Nov. 5, after the close of U.S. financial markets. The earnings release and presentation for the third-quarter 2024 results will be available on the company's website at www.devonenergy.com. On Wednesday, Nov. 6, the company will hold a conference call at 10 a.m. CST (11 a.m. EST), 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 D
OKLAHOMA CITY, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today reported financial and operational results for the second-quarter 2024. The company also declared its quarterly dividend and provided an updated 2024 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, www.devonenergy.com. The company's second-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Wednesday, Aug. 7, 2024, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a lea
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OKLAHOMA CITY, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report third-quarter 2024 results on Tuesday, Nov. 5, after the close of U.S. financial markets. The earnings release and presentation for the third-quarter 2024 results will be available on the company's website at www.devonenergy.com. On Wednesday, Nov. 6, the company will hold a conference call at 10 a.m. CST (11 a.m. EST), 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 D
OKLAHOMA CITY, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today reported financial and operational results for the second-quarter 2024. The company also declared its quarterly dividend and provided an updated 2024 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, www.devonenergy.com. The company's second-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Wednesday, Aug. 7, 2024, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a lea
AUSTIN, Texas, July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation agreements with predominantly investment grade shippers, including, but not limited to, Devon Energy, Corp. (NYSE:DVN), Diamondback Energy, Inc. (NYSE:FANG), Marathon Petroleum Corp. (NYSE:MPC), and Targa Resources Corp. I Squared owns WhiteWater's stake in
Wells Fargo analyst Roger Read maintains Devon Energy (NYSE:DVN) with a Overweight and lowers the price target from $60 to $57.
Wolfe Research analyst Doug Leggate reinstates Devon Energy (NYSE:DVN) with a Peer Perform.
Bernstein analyst Bob Brackett maintains Devon Energy (NYSE:DVN) with a Market Perform and lowers the price target from $48 to $43.
Jefferies resumed coverage of Devon Energy with a rating of Hold and set a new price target of $45.00
Wolfe Research initiated coverage of Devon Energy with a rating of Peer Perform
Barclays initiated coverage of Devon Energy with a rating of Equal Weight and set a new price target of $59.00
OKLAHOMA CITY, June 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that the company's board of directors has appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon's board in 2014 following his retirement from Chevron's executive team. He currently chairs the board's reserves committee while also serving on the board's compensation committee. Bethancourt succeeds Barbara Baumann, who will remain on the board and join the compensation committee and governance, environmental, and public policy committee. Baumann was recently named chair of the independent board of trustees of the Putnam Mutual Funds, effecti
OKLAHOMA CITY, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that Michael Mears and Gennifer Kelly have joined its board of directors. Michael Mears is the former chairman, president and CEO of Magellan Midstream Partners. Gennifer Kelly previously held the role of chief operating officer and SVP of Western Midstream Partners. "I am excited about the opportunity to work closely with Michael and Gennifer," said Rick Muncrief, president and CEO. "Their industry insights and proven leadership will be invaluable for Devon as we continue to build long-term shareholder value." "Michael and Gennifer will bring a diverse range of perspectives and backgrounds to
OKLAHOMA CITY and TULSA, Okla., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the successful completion of their previously announced all-stock merger of equals, creating a leading energy producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin. The combined company will operate under the name Devon Energy and be headquartered in Oklahoma City. “This transformational merger enhances the scale of our operations, builds a dominant position in the Delaware Basin and accelerates our cash-return business model that prioritizes free cas
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