Somewhat Favorable Press Coverage Extremely Likely to Affect Devon Energy (DVN) Share Price
Press coverage about Devon Energy (NYSE:DVN) has been trending somewhat positive on Saturday, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Devon Energy earned a coverage optimism score of 0.67 on their scale. InfoTrie also gave media stories about the energy company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Devon Energy’s score:
- Sheridan, Robinson re-opened near Devon Energy after May 15 window-washing accident (kfor.com)
- Devon Energy Sells Canada for $2.8 Billion (oilandgas360.com)
- Devon Energy: ‘Golden Cross’ Awaiting (finance.yahoo.com)
- Q3 2019 EPS Estimates for Devon Energy Corp Lowered by Capital One Financial (DVN) (americanbankingnews.com)
- Devon Energy Sells Canadian Assets (newson6.com)
Shares of DVN stock opened at $25.16 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.74. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 0.75 and a beta of 2.23. Devon Energy has a 1-year low of $20.37 and a 1-year high of $46.54.
Several research firms recently issued reports on DVN. Credit Suisse Group set a $36.00 price objective on shares of Devon Energy and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Wells Fargo & Co began coverage on shares of Devon Energy in a research report on Monday, May 20th. They set an “outperform” rating and a $40.00 price objective for the company. Zacks Investment Research cut shares of Devon Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Ifs Securities restated a “market perform” rating on shares of Devon Energy in a research report on Monday, February 11th. Finally, ValuEngine upgraded shares of Devon Energy from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $45.05.
ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable Press Coverage Extremely Likely to Affect Devon Energy (DVN) Share Price” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2019/05/31/somewhat-favorable-press-coverage-extremely-likely-to-affect-devon-energy-dvn-share-price.html.
Devon Energy Company Profile
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. It operates approximately 12,900 gross wells. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Recommended Story: What is the Coverage Ratio?
Receive News & Ratings for Devon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devon Energy and related companies with MarketBeat.com's FREE daily email newsletter.