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Devon Energy Has Strong Tailwinds, Analyst Says
DVNDevon Energy(DVN) Benzinga·2025-02-20 04:15

Devon Energy Corporation DVN shares are trading higher on Wednesday after the company reported strong fourth-quarter results on Tuesday after the bell.Also, the stock may have escalated probably due to a drone attack on a Russian pipeline, which could reduce supply.Also, the company reported an EPS of $1.16, beating analyst estimates of $1.00, and oil production of 398,000 barrels per day, which was about 3% ahead of the company’s previous guidance.Devon expects oil production to average 380,000 to 386,000 ...