2 Energy Stocks to Watch for Bargain Buy Levels
Devon Energy(DVN) MarketBeat·2024-09-10 21:01
The energy sector has experienced a significant pullback in recent months, which could present compelling buying opportunities for value investors. While the sector remains up 2.59% year-to-date, it's far off the doubledigit gains it saw earlier in the year. The sector has now pulled back nearly 13% from its 52-week highs in April. One major factor weighing on the sector is the price of oil, which has dropped to 52-week lows, with Crude Oil Futures trading near $68. This decline has put pressure on energy s ...