Stephens Upgrades Devon Energy (DVN) to Overweight

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Go back to Stephens Upgrades Devon Energy (DVN) to Overweight

Devon Energy (DVN) PT Raised to $45 at Jefferies; Reiterates Buy

November 2, 2017 9:26 AM EDT

Jefferies raised its price target on Devon Energy (NYSE: DVN) to $45.00 (from $43.00) while maintaining a Buy rating. DVN has outlined an E&P budget of $2.0-$2.5 Bn for 2018, which would result in free cash flow at the current strip. The company has an eye on... More

Devon Energy (DVN) Tops Q3 EPS by 5c, Miss on Revenues

October 31, 2017 4:06 PM EDT

Devon Energy (NYSE: DVN) reported Q3 EPS of $0.43, $0.05 better than the analyst estimate of $0.38. Revenue for the quarter came in at $3.16 billion versus the consensus estimate of $3.18 billion.

Highlights

Production exceeds midpoint of hurricane-adjusted guidance50 high-rate wells brought online with average rates exceeding... More