You asked: Is Devon Energy a Good Investment?

Devon Energy has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 17 buy ratings, 2 hold ratings, and no sell ratings.

Will Devon stock go up?

Will Devon Energy stock price grow / rise / go up? Yes. The DVN stock price can go up from 0.320 USD to 13.060 USD in one year.

Is Devon Energy in trouble?

Based on the latest financial disclosure, Devon Energy Corp has a Probability Of Bankruptcy of 50.0%. This is 3.69% higher than that of the Energy sector and 2.73% higher than that of the Oil & Gas E&P industry.

Who is buying Devon Energy?

OKLAHOMA CITY –(BUSINESS WIRE)– Devon Energy Corporation (NYSE:DVN) today announced that it has entered into a definitive agreement to sell all of its non-core U.S. oil and gas properties to Linn Energy (Nasdaq: LINE, LNCO) for $2.3 billion , or approximately $1.8 billion after tax.

Is Devon Energy still in business?

In October 2012, the company completed construction of its current headquarters, the 50-story Devon Energy Center in Oklahoma City, Oklahoma and closed its office in the Allen Center in Downtown Houston.

Acquisitions.

# 9
Year 2006
Company Chief Oil and Gas
Price $2.2 billion
Description of Assets Barnett Shale leasehold
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Is Devon Energy a buy or sell?

Devon Energy has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 18 buy ratings, 2 hold ratings, and no sell ratings.

Does Devon Energy pay dividends?

Devon’s long-term objective is to pay a regular quarterly dividend in support of its primary objective to maximize returns to shareholders.

What is Devon Energy known for?

Devon Energy Corporation is a leading independent oil and natural gas exploration and production company. Devon’s operations are focused onshore in the United States. The company’s portfolio of oil and gas properties provides stable, environmentally responsible production and a platform for future growth.

Did Chevron buy Devon?

After last year saw some huge deals in the U.S. shale space, with ConocoPhillips merging with Concho Resources and Chevron buying Devon Energy, among others, it looks that this year will see a continuation of the M&A trend.

How much cash does Devon Energy have?

How Much Debt Does Devon Energy Carry? You can click the graphic below for the historical numbers, but it shows that as of March 2021 Devon Energy had US$7.27b of debt, an increase on US$4.30b, over one year. However, because it has a cash reserve of US$1.68b, its net debt is less, at about US$5.59b.

Capital