Is Devon Energy Stock a Buy Now?
I'll cut to the chase. Devon Energy (NYSE: DVN) is an attractive stock, but only for a specific type of investor. Here's what you need to know about the company's prospects in 2025 and whether the stock suits your portfolio.In a nutshell, Devon Energy is an excellent stock for investors who are optimistic about oil and gas over the long term. The company's recent results showed good operational progress, notably integrating its Grayson Mill acquisition. Total company oil and gas production hit 848,000 barrels of oil equivalent per day (BOE/D) in the fourth quarter, compared to a prior estimate of 811,000 BOE/D to 830,000 BOE/D. The outperformance was driven by better-than-expected well productivity in its Eagle Ford assets and a contribution of 117,000 BOE/D from the Grayson Mill acquisition compared to a prior estimate of 110,000 BOE/D. Continue reading
I'll cut to the chase. Devon Energy (NYSE: DVN) is an attractive stock, but only for a specific type of investor. Here's what you need to know about the company's prospects in 2025 and whether the stock suits your portfolio.
In a nutshell, Devon Energy is an excellent stock for investors who are optimistic about oil and gas over the long term. The company's recent results showed good operational progress, notably integrating its Grayson Mill acquisition. Total company oil and gas production hit 848,000 barrels of oil equivalent per day (BOE/D) in the fourth quarter, compared to a prior estimate of 811,000 BOE/D to 830,000 BOE/D.
The outperformance was driven by better-than-expected well productivity in its Eagle Ford assets and a contribution of 117,000 BOE/D from the Grayson Mill acquisition compared to a prior estimate of 110,000 BOE/D.
