Professional
Added to YB: 2024-03-01
Pitch date: 2024-02-28
DVN [bullish]
Devon Energy Corporation
-10.24%
current return
Author Info
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Company Info
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.
Market Cap
$23.4B
Pitch Price
$41.80
Price Target
59.00 (+57%)
Dividend
2.58%
EV/EBITDA
3.86
P/E
8.78
EV/Sales
1.86
Sector
Oil, Gas and Consumable Fuels
Category
value
Show full summary:
Devon Energy Corporation: Investors Should Consider This Higher-Quality US E&P Play at Current Valuations
$DVN FV $59: High-quality US E&P; Q4 beat on production/sales; narrow-moat Delaware Basin focus; 5% growth cap, 70-80% CF reinvestment; strong B/S, variable div; risks: oil vol, regs, ESG; 660mboe/d 2024e; buyback priority w/ stock <FV post $WPX deal
Read full article (9 min)