DEVON ENERGY CORPORATION
(NYSE: DVN)
Balfour Capital Group Researched Devon Energy Corporation (DVN)
 on January 8th, 2024.
Devon Energy Corporation is an American energy company engaged in hydrocarbon exploration and production, focusing on onshore operations in the United States. Its primary areas of operation include the Barnett Shale, STACK formation in Oklahoma, Delaware Basin, Eagle Ford Group, and the Rocky Mountains. As of December 31, 2023, the company reported proved reserves of 1,817 million barrels of oil equivalent, comprising 43% petroleum, 28% natural gas liquids, and 29% natural gas.
Post Recommendation Price Trend Chart
- We have established a Buy recommendation at $45.94 on January 8th, 2024.
- Our designated price target stands at $80.00
Analysts Research
With steadfast dedication to thorough research, Balfour Capital Group engages with esteemed analysts and companies, evident below, to amplify and elevate our proficiency. This collaborative approach enriches our findings, granting readers and researchers a profound comprehension of the rationale behind our recommendations and research objectives.
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2025 Q1 EARNING REPORT
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Balfour Capital Group wants to clarify that our recommendation to Buy DEVON ENERGY CORPORATION (DVN)Â is based on thorough research conducted by our dedicated teams.
We invest significant time and resources in analyzing market trends, financial data, and industry insights to provide well-informed guidance.
However, it is important to note that our recommendation does not guarantee any specific financial outcomes. The decision to act on our recommendation should be made at your discretion. Please be aware that investments carry inherent risks, and the value of investments can fluctuate, potentially resulting in financial loss.
*THIS INFORMATION IS PROVIDED FOR COMMERCIAL AND INDICATIVE PURPOSES ONLY AND MAY DIFFER FROM REALITY. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. TRADING WITH LEVERAGE INVOLVES A SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS.*
