Is the market likely to see a reset, similar to the ones after the dot-com bubble in 2000 and the 2008 financial crisis? As with everything in economics, opinions are divided. In this uncertain environment, identifying energy stocks to avoid becomes a critical strategy for investors looking to safeguard their portfolios.What is known is that the New York Fed’s recession probability indicator is still highly elevated at 58.3%, 12 months ahead. Moreover, the USG agencies are plagued with economic data revisio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-32318 DEVON ENERGY CORPORATION (Exact name of registrant as specified in its charter) Delaware 73-1567067 (State or other jurisdiction of (I.R.S ...

Devon Energy Corp. (DVN) reported first-quarter 2024 earnings per share (EPS) of $1.16, outpacing the Zacks Consensus Estimate of $1.10 by 5.5%. Strong production volumes and efficient cost management allowed the company to enjoy the benefit of rising oil prices during the quarter.GAAP earnings per share in the reported quarter were 94 cents compared with $1.81 in the year-ago quarter. The difference between GAAP and operating earnings in the first quarter was due to a 22-cent impact of fair value changes i ...

Devon Energy (DVN) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.45%. A quarter ago, it was expected that this oil and gas exploration company would post earnings of $1.39 per share when it actually produced earnings of $1.41, delivering a surprise of 1.44%.Over the last four quar ...

Exhibit 99.2 Devon Energy First-Quarter 2024 Supplemental Tables TABLE OF CONTENTS: PAGE: Consolidated Statements of Earnings 2 Supplemental Information for Consolidated Statements of Earnings 3 Consolidated Balance Sheets 4 Consolidated Statements of Cash Flows 5 Production 6 Capital Expenditures and Supplemental Information for Capital Expenditures 7 Realized Pricing 8 Asset Margins 9 Core Earnings and EBITDAX 10 Net Debt, Net Debt-to-EBITDAX, Free Cash Flow, Adjusted Free Cash Flow and Reinvestment Rate ...

Devon Energy Corporation (DVN) is set to report first-quarter 2024 results on May 1, after market close. This oil and gas company delivered an average earnings surprise of 3.28% in the last four reported quarters.The Zacks Consensus Estimate for earnings is pegged at $1.10 per share on revenues of $3.62 billion. The top and bottom-line estimates suggest a decline of 5.4% and 24.7%, respectively, from a year ago.Per our proven model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy) ...

Devon Energy is focused on returning value to shareholders via dividends and share buybacks, but it's still an energy producer.Devon Energy (DVN 0.19%) is an acquired taste -- only appropriate for a certain kind of investor. That's true despite a generous 4.6% dividend yield and a shareholder-friendly dividend and stock buyback policy. Here's why this oil and natural gas company could be a buy or hold for some investors, but many more will likely want to avoid it.Buy Devon EnergyDevon Energy is an upstream ...

The latest trading session saw Devon Energy (DVN) ending at $52.10, denoting a -0.89% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.02%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.1%.Shares of the oil and gas exploration company have appreciated by 7.75% over the course of the past month, outperforming the Oils-Energy sector's gain of 4.26% and the S&P 500's loss of 3.01%.Market participants will be closely following the financia ...

华尔街对 Devon Energy 的股票持续看好 - 投资者期待 Devon Energy 今年实施实质性的股息和股票回购计划，预计股价有望上涨，可能带来20%的总回报[2] - 公司将于5月1日发布财报，投资者期待对其钻探业务和现金回报策略的更新，包括股票回购和固定及可变股息支付[5] 油价和全球经济增长 - 需要对当前油价维持在约 $83/桶的水平有信心，投资者关注全球经济增长疲软时期油价相对较高的情况，以及OPEC和OPEC+国家的协调减产措施[3] - 随着当前油价的上涨，公司有望发布积极的更新，对于看好石油行业的投资者和追求收益的投资者来说，这是一支非常具有吸引力的股票[6] 公司发展计划 - Devon Energy 的上涨潜力不仅仅依赖于更高的能源价格，公司还计划通过在德拉华盆地的高质量核心资产进行钻探来提高井产能，预计将比2023年提高10%[4]

In the latest trading session, Devon Energy (DVN) closed at $51.43, marking a -0.46% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.22%. Meanwhile, the Dow gained 0.06%, and the Nasdaq, a tech-heavy index, lost 0.52%.Heading into today, shares of the oil and gas exploration company had gained 6.3% over the past month, outpacing the Oils-Energy sector's gain of 3.38% and the S&P 500's loss of 1.66% in that time.The investment community will be paying close attentio ...