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

InMed Pharmaceuticals

AMPLITECH GROUP INC. USD0.001 S/R 20/11/26 SER B

Amesite

CN Energy

AMPLITECH GROUP INC. COM USD0.001 (S/R 18/07/2026)

NextNRG

Meiwu Tech

Generation Income Properties

MetaVia

OceanPal

Ordinary dividend (cash)

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

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.

SPDR O&G Ex & Prd

iShares US Oil & Gas Expl & Prod

SPDR Energy Select

ISHRS S&P Glb Engy

STMicroelectronics NV

Taiwan Semiconductor

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."

Technical Forecast

Occidental Petroleum

VG Energy

iShares US Oil Equip & Svcs

United States Oil Fund LP

VanEck Oil Services ETF

Us Brent Oil

Pro Ultr Bloomberg Crude Oil

SPDR O&G Equip

Diamondback Energy

Exxon Mobil

Chevron

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.

benzinga_article

Us Natural Gas

First Trust North American Energy Infra Fd

Tortoise N Americ Pipe

Wells Fargo

USA Compression Partners LP

Solv Energy

S&P 500

NASDAQ-100

Atmos Energy

GE Aerospace

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

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

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

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%.

fidelity

Nextera Energy

Dominion Energy

ConocoPhillips

Dow Jones Utility Average

Coterra Energy

Compass Minerals

NEXTERA ENERGY CAPITAL HLDGS INC 5.65%JNR SUBORD DEB 01/03/2079 SER N

NEXTERA ENERGY CAPITAL HLDGS INC 6.5% BDS 15/04/86 USD1000

Nextera Energy Partners LP

NEXTERA ENERGY INC 6.926% CORPORATE UNITS 01/09/2025

NEXTERA ENERGY INC CORP UNIT 01/11/2029

NEXTERA ENERGY CAPITAL HLDGS INC 6.5% BDS 01/06/85 USD25

NEXTERA ENERGY INC CORP UNIT 01/06/2027

NEXTERA ENERGY INC CORP UNIT

Sector Update: Energy Stocks Gain Late Afternoon

KLAC

Three major stocks have recently increased their dividends, showcasing a range from high yields to high growth. PepsiCo raised its dividend by 4% to $1.48 per share, marking 54 consecutive years of increases. KLA announced a 21% dividend increase to $2.30, with a strong growth outlook. Devon Energy boosted its dividend by 33% to $0.32 per share and initiated an $8 billion buyback program, reflecting positive market sentiment and strong performance.

Market Beat

PepsiCo

Raymond James Financial

RAYMOND JAMES FINANCIAL INC 6.375%DEP SHS REP 1/40TH FXD FLTG SER B

From High-Yield to High-Growth: 3 Stocks Boosting Dividends

CTRA

RBC Capital Markets suggests Devon Energy (DVN) may benefit from its merger with Coterra Energy (CTRA) in June, highlighting potential asset sales and merger synergies. The firm anticipates a new guidance update mid-June, with asset sales possibly exceeding $4 billion. Devon's $1 billion synergy target and $8 billion stock buyback plan indicate strong confidence. RBC maintains a sector perform rating with a $59 price target.

ROYAL BANK OF CANADA

Devon Energy Could Gain From Merger Update in June, Asset Review, Buybacks, RBC Says

US upstream M&A reached $38 billion in Q1 2026, driven by major deals like Devon-Coterra and Mitsubishi-Aethon. Factors such as high oil prices, LNG export growth, and limited shale output are fueling consolidation. Analysts predict Brent crude will average $95 in 2026, with possible spikes due to Middle East tensions.

Range Global LNG Ecosystem ETF

Pro Ultr Natural Gas

First Trust Natural Gas ETF

Us 12 Mth Natural Gas

Global X U.S. Natural Gas ETF

VanEck Oil Refiners ETF

Mitsubishi Corporation

MITSUBISHI CORP UNSPONS ADS REP 1 ORD SHS

US upstream M&A surges to $38B despite market volatility

iA Global Asset Management Inc. acquired 92,919 shares of Devon Energy Corporation (NYSE:DVN) valued at approximately $3.4 million in the 4th quarter. Other institutional investors also increased their stakes. Analysts have raised price targets for Devon Energy, with a consensus rating of 'Moderate Buy' and an average target price of $56.41. The company reported earnings of $1.04 per share, missing estimates, and announced a quarterly dividend increase to $0.32 per share.

Piper Sandler Cos

UBS Group AG

92,919 Shares in Devon Energy Corporation $DVN Bought by iA Global Asset Management Inc.

Jefferies has reaffirmed a Buy rating on Devon Energy (DVN) with a price target of $63.00. Analyst Lloyd Byrne, who has a 22.8% average return and a 62.74% success rate, focuses on the Energy sector. Devon Energy also received a Buy rating from Bernstein, while Evercore ISI initiated coverage with a Hold rating.

Devon Energy(DVN.US)