devon energy

Benchmark is raising its normalized ($70 per barrel, $6.00 per Mcf) net asset value per share estimate for Devon Energy (NYSE: DVN) by $2.25 “to approximately $149 based upon an increase in our valuation of the Company's high quality in-situ oil sands assets.” Devon Energy closed Tuesday at $79.31.

Pritchard Capital provided color on the exploration and production sector. In a research report published today, Pritchard Capital named its top picks as: "Apache Corporation (APA-$123.74), Bill Barrett Corporation (BBG-$46.66), Devon Energy Corporation (DVN-$78.76), Petrohawk Energy Corporation (...

Citi reiterated its Hold rating on Devon Energy (NYSE: DVN). At the same time, Citi left its price target on the company's stock unchanged at $90. On Tuesday, Devon finished the day at $77.98. Its shares lost 0.32% of their value in today's pre-market trading to trade around $77.73.

Devon Energy Corporation's (NYSE: DVN) execution of the asset disposal program underway in the past years “has been flawless,” Bank of America reports. “However, the growth remains dominated by assets that still carry a significant weight of lower value liquids versus more oil weighted peers,”...

Jefferies is out with its report today on Devon Energy (NYSE: DVN), maintaining Buy. In a note to clients, Jefferies writes, "With its strategic repositioning complete, DVN is ramping up onshore activities (including new ventures) with a preference towards liquids projects. We continue to like DVN...

Pritchard Capital provided color on the exploration and production sector. In the report, Pritchard states, “For the week, E&P stocks remained flat while the 12-month forward NYMEX gas curve declined by 2.5%... Top Fundamental Picks: Apache Corporation (APA-$115.98), Bill Barrett Corporation (...

Morgan Stanley has discontinued coverage on the following companies: Pioneer Natural Resources (NYSE: PXD) Plains Exploration & Production (NYSE: PXP) Noble Energy (NYSE: NBL) Bill Barrett Corporation (NYSE: BBG) Anadarko Petroleum (NYSE: APC) Cimarex Energy (NYSE: XEC) Ultra Petroleum (...

Morgan Stanley has issued a report downgrading Devon Energy (NYSE: DVN) to an Equal-Weight Rating. According to Morgan Stanley, “E&Ps have outperformed the market by ~10% YTD and we would use recent strength in the commodity to become more selective. We are downgrading Devon Energy to Equal-...

Jefferies & Company has raised the price target on Devon Energy (NYSE: DVN) from $88 to $100 and maintains its Buy rating.