Devon Energy Stock News

OKLAHOMA CITY, June 12, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced Clay Gaspar, President and CEO will participate in a fireside chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference.

I am rating Devon Energy with a Buy and a $40 price target based on historical valuations of a 4.8x EV/EBITDA multiple, assuming an average realized oil price of $62. Devon is generating value by reducing costs, focusing on profitability, and capital discipline, resulting in a free cash flow breakeven WTI oil price of $45 per barrel. DVN's strategy allows it to return capital to shareholders th...

Upstream shale oil and gas stocks are oversold, with investor fears overblown; companies are generating strong free cash flow even at lower oil prices. The sector has become highly efficient, with lower capex and improved technology enabling profitability and shareholder returns despite industry headwinds. Devon Energy and EOG Resources are highlighted as undervalued, cash-generative plays with...

The naming of the U.S. oil executive comes at a time when BP is seeking to more than double its production of oil and gas in the country by the end of the decade.

Devon Energy shares have fallen near $30, tracking the decline in oil prices. The energy company has plans for a $1 billion optimization, boosting already strong free cash flows. Energy price volatility presents both risks and potential upside for patient investors at these levels with the stock offering a net payout yield of nearly 10% and future dividend upside.

DVN's interlinked position to the volatile oil/ gas spot prices have already triggered the moderating stock prices, as similarly observed in its peers. This is especially since the new US administration's tariffs trigger higher recessionary risks, with the IEA downgrading the global oil demand growth in 2025. Even so, DVN has made great efforts to emerge stronger from the ongoing market uncerta...

With U.S. economic growth turning negative during the first quarter, this earnings season's results might shed some light on which companies may best weather the disruption brought about by President Donald Trump's “liberation day” tariffs announced on April 2.

Devon Energy (DVN 5.53%) has spent several years building a larger-scale, low-cost U.S. onshore oil and gas producer. That strategy enables the company to produce more free cash flow.