Oil and Gas Exploration and Production

Devon Energy

Jefferies and others reaffirm or initiate Buy ratings on Devon Energy with $63 target price

Devon Energy Exec Adam M. Vela Sells 24,342 Shares at $47.21 Per Share

FactSet Survey Shows Analysts Raise DVN 2026 EPS Median Estimate to $5.44

US Upstream Oil and Gas M&A Reaches New High, Mitsubishi Acquires Aethon Energy for $7.6B

Devon Energy's EVP Jeffrey Ritenour Sells Company Stocks

Devon Energy Shareholders Approve Key Merger Proposals

Devon Energy Reports Strong Q1 2026 Earnings and Preparing for Coterra Energy Merger

Jefferies Upgrades Devine Energy's Stock Rating to Buy

Devon Energy Announces $8 Billion Stock Repurchase Plan

Devon Energy (DVN-US) EPS estimate raised to 5.6

Devon Energy released FY2026 Q1 earnings on May 5 After-Market EST, actual revenue USD 4.303 B (forecast USD 3.946 B), actual EPS USD 0.19 (forecast USD 1.0742)

Devon Energy Reports Q1 Earnings and Anticipates Coterra Merger Completion

Raymond James Upgrades Devon Energy Rating to 'Strong Buy'

Devon Energy to Report Q1 Earnings, Expected EPS of $1.09

D.A. Davidson & CO. Reduced Holdings in DVN

Devon Energy Gains Favor with Market, Shares Rise

Kimmeridge Offers Strategic Post-Merger Advice to Devon Energy's Future Board

Devon Energy to Release FY2026 Q1 Earnings on May 5 After-Market EST, Forecast Revenue USD 3.664 B, EPS USD 1.01

M&T Bank Corp Significantly Increased Holdings in Devon Energy

Devon Energy Discloses Details of Coterra Merger Proxy and Schedules Special Meeting

OPTIMI HEALTH CORP

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Vida Global

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Ordinary dividend (cash)

Ex Date: 2026.06.15 (EST), Cash dividend 0.32 USD

Devon Energy dominated a record $4 billion U.S. government auction for oil and gas drilling rights in New Mexico and Texas, securing over half of the total bids. The sale, reflecting strong industry demand, surpassed the previous record of $972 million in 2018. Devon won 25 parcels for $2.5 billion, including the highest price ever paid for a single parcel at $405.8 million. The auction highlights the impact of the Trump administration's energy policies on U.S. energy production.

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Devon Energy dominates record $4 billion US government oil and gas auction

Devon Energy Corp. (DVN) shares fell 2.48% to $48.46 on Wednesday, ending an eight-day winning streak, despite a positive market day with the S&P 500 up 1.08%. The stock is 8.06% below its 52-week high of $52.71. Competitors EOG Resources, Occidental Petroleum, and Diamondback Energy also experienced declines.

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Devon Energy Corp. Stock Underperforms Wednesday When Compared To Competitors

Citi has upgraded Ovintiv (OVV) and California Resources (CRC) to Buy from Neutral, setting price targets of $70 and $78, respectively. Analyst Scott Gruber highlights Ovintiv's improved balance sheet and well productivity, while California Resources is seen as a value opportunity post-earnings. Devon Energy (DVN) is noted as a top pick, benefiting from the Coterra acquisition and offering competitive free cash flow.

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Ovintiv

Citigroup

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Ovintiv, California Resources raised to buy at Citi; Devon Energy tapped as top pick

Yesterday's close saw Devon Energy trigger a bullish signal above the zero line on the daily MACD chart, with a trading volume of approximately $605 million, ranking high in trading activity within the oil and gas exploration and production sector. This technical signal coincides with a general strengthening of the energy sector—Energy Select Sector SPDR Fund (XLE) rose 1.17% yesterday, indicating a clear return of funds to energy stocks. The confirmation of a bullish MACD above the zero line typically suggests that the medium-term trend has shifted from a recovery phase to an acceleration phase, with increased buying activity. On the news front, NATO has been reported to consider intervening to escort vessels in the Strait of Hormuz; if the strait does not resume navigation before July, they may take action to protect commercial ships. This geopolitical dynamic directly relates to the safety of global oil transportation, and market concerns over supply disruptions have raised oil price expectations. For companies like Devon Energy, which primarily focus on North American shale oil and gas, rising oil prices will directly boost their revenue and cash flow expectations. Additionally, Exxon Mobil rose 1.28% yesterday, and Chevron increased by 1.50%, with the collective strength of leading companies in the energy sector providing a "endorsement" for Devon Energy's bullish signal at the sector level. From a technical perspective, the bullish signal of Devon Energy's MACD above the zero line, combined with the overall strengthening of the sector, has formed a favorable technical resonance pattern. Trading volume remains at the $600 million level, indicating ample liquidity. Today, attention should be paid to the pre-market movements of crude oil futures; if international oil prices continue to rise, Devon Energy's short-term bullish momentum is expected to be further released

- Devon Energy triggered a bullish signal above the zero line in the MACD chart, with trading volume around $605 million, indicating strong investor interest amid a rising energy sector.  
- This technical signal coincides with a 1.17% increase in the Energy Select Sector SPDR ETF (XLE), as NATO considers intervention in the Strait of Hormuz, potentially affecting global oil transport safety.  
- Higher oil prices could boost revenue and cash flow expectations for companies like Devon Energy, though volatility in energy stocks remains linked to oil price fluctuations and geopolitical developments.

Technical Forecast

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Pre-market trend | Devon Energy (DVN) 5/19 Oil and gas sector funds warm up, are energy bulls making a comeback?

Cramer recommends Devon Energy for its strong natural gas position, while cautioning that STMicroelectronics is overpriced. He highlights Taiwan Semiconductor's AI investments as potential gainers but warns about the harsh treatment of non-AI stocks. Cramer advises trimming positions in an overbought market and avoiding new purchases in unfamiliar stocks.

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STMicroelectronics N.V.

Cramer backs Devon Energy, urges caution on pricey tech stocks

At yesterday's close, Devon Energy's stock price rose slightly by 0.38%, with little volatility, but the K-line formed a small bullish candle, continuing the recent mild upward trend. The MACD daily line re-established a bullish signal above the zero axis, indicating that although the price increase is modest, the balance of power between bulls and bears is still tilting towards the bulls, and the basic structure of the medium-term upward trend remains intact. The trading volume was approximately $759 million, with stable volume, showing that market participants have formed a relatively balanced trading rhythm around this price level. On the news front, the energy sector is experiencing dual benefits. On one hand, Brent crude oil has surpassed $110 per barrel, and WTI crude oil is reported above $100, which directly benefits the profit expectations of oil and gas exploration and production companies in a high oil price environment. On the other hand, Trump announced the postponement of military action against Iran at the request of three Middle Eastern countries, bringing new hope to US-Iran negotiations, and crude oil prices experienced a process of initially rising and then falling during the session. For Devon Energy, even if oil prices experience short-term fluctuations, the current oil price level above $100 still provides strong cash flow support. The Energy Select Sector SPDR Fund (XLE) rose 1.92% yesterday, with overall funds in the sector leaning towards a warm outlook. From a technical perspective, the stock price is operating above the 5-day and 10-day moving averages, with the short-term moving average system showing a bullish divergence. Currently, it is important to note that although bullish signals have been confirmed, the increase yesterday was minimal and trading volume did not show significant expansion, indicating that the pace of bullish advancement is cautious, more like "gathering strength" rather than "exploding."

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Pre-market trend | Devon Energy (DVN) on May 18, oil and gas stocks quietly strengthen, are bulls brewing a new wave?

Jim Cramer recommends buying Devon Energy for its natural gas potential and maintains an Overweight rating with a price target increase. He expresses caution on STMicroelectronics, deeming it too expensive at 51x earnings, despite its good company status. Cramer also highlights USA Compression Partners and Solv Energy as solid picks, while Taiwan Semiconductor is expected to rise but not skyrocket. Recent stock performances show mixed results across these companies.

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WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

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Cramer Flags AI Winners, Warns STMicro Is 'Late Late Late' At 51x Earnings

'Mad Money' host Jim Cramer weighs in on stocks including: US Air Compression Partners, Taiwan Semiconductors, Devon Energy, STMicroelectronics,

Lightning round: You should be buying Devon Energy here, says Jim Cramer

Energy stocks rose late Monday, with the NYSE Energy Sector Index up 1.8%. Crude oil prices increased amid stalled US-Iran peace talks. NextEra Energy and Dominion Energy announced a merger, creating the largest regulated electric utility. Devon Energy's shares rose slightly, while ConocoPhillips gained 1.7% after a gas supply agreement. Compass Minerals plans to re-enter the lithium market, but its shares fell 1.1%.

Devon Energy(DVN.US)