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With an almost 28% decline in 2024, Devon Energy (NYSE: DVN) is a stock that fell out of favor with the market. The sell-off has arguably been overdone, as the price of oil spent much of last year ...
Devon Energy's (NYSE: DVN) stock price has fallen nearly 30% from its 52-week highs. That drop roughly tracks along with the price declines in West Texas Intermediate crude, a key U.S. oil benchmark.
Here's a look at whether the current oil price affects the buy thesis for the oil stock. Crude oil pricing has a significant impact on the cash flows of oil producers like Devon Energy (NYSE: DVN).
Devon Energy just reported a strong operating quarter, but don't forget that oil and natural gas prices rule the day with this dividend stock.
The oil and gas company is following the right strategy to maximize value for investors.
Devon pays a $1.45 dividend yielding 3.71% and has a low 7.25 P/E ratio. Shares could be undervalued, considering the $51.46 pri ce target, according to Yahoo Finance, with the current price ...
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