Devon Energy posts pro forma financials after closing Coterra merger; pro forma assets $69.45B, EPS pro forma $0.35 Q1
Devon Energy has released unaudited pro forma combined financial statements following its merger with Coterra. The statements show pro forma total assets of $69.451 billion as of March 31, 2026, with Q1 2026 pro forma net earnings of $401 million and diluted EPS of $0.35. For the full year 2025, pro forma net earnings were $3.768 billion and diluted EPS was $3.23, although these figures are preliminary and exclude projected synergies.
NYSE, Crypto Exchange to Offer No-Expire Oil Futures
Intercontinental Exchange Inc., owner of the New York Stock Exchange, is collaborating with crypto exchange OKX to introduce oil futures contracts that do not have an expiration date. These perpetual contracts will be underpinned by ICE's existing Brent crude and West Texas Intermediate (WTI) futures prices, integrating traditional energy benchmarks with digital trading platforms. Available in regions where OKX is licensed, this initiative aims to bridge traditional and digital markets, providing significant access to energy benchmark products for OKX’s customer base.
Leonteq Securities AG Acquires New Stake in Devon Energy Corporation $DVN
Leonteq Securities AG recently acquired a new stake in Devon Energy Corporation, purchasing 33,785 shares valued at approximately $1.24 million in the fourth quarter. This acquisition highlights continued institutional interest in Devon Energy, with hedge funds and other investors holding nearly 70% of the stock. Despite recent insider selling and a slight miss on earnings estimates, analysts maintain a "Moderate Buy" rating, and the company has increased its quarterly dividend.
Devon Energy’s $2.6b Delaware Deal And What The Valuation Signals
Devon Energy (NYSE: DVN) has acquired 16,300 net undeveloped acres in the Delaware Basin for $2.6 billion, expanding its core asset base and supporting capital return plans. The deal gives Devon more drilling options, and investors are watching how the new inventory will be integrated into development and production. While the stock shows positive momentum and is considered undervalued by Simply Wall St, potential risks like high debt and past shareholder dilution need to be considered.
Coterra Energy (CTRA) Is Down 8.0% After Deregistering Stock With SEC Is Transparency At Risk?
Coterra Energy (CTRA) has filed a Form 15 with the SEC to voluntarily deregister its common stock and certain senior notes, reducing reporting obligations under the Securities Exchange Act of 1934. This move, following Devon Energy's acquisition of Coterra, may impact transparency and trading liquidity, reshaping Coterra's investment narrative. Investors are advised to consider how reduced transparency could affect their assessment of the company, especially given previous analyst forecasts that varied significantly.
Devon snaps up prime Delaware Basin acreage for $2.6 billion after Coterra merger
Devon Energy has acquired 16,300 net undeveloped acres in the Delaware Basin for approximately $2.6 billion, strengthening its presence in a key U.S. shale play just weeks after its merger with Coterra Energy. The deal, which adds about 400 net drilling locations, was met with some analyst concern regarding the high price, described as "eye-watering" compared to historical M&A in the Permian. Devon plans to fund the acquisition using cash on hand.
Devon Energy sets sights on more Permian land with $2.63 billion winning bids in New Mexico-Texas auction
Devon Energy secured additional Permian Basin land with $2.63 billion in winning bids during a New Mexico-Texas auction. This move follows pressure from activist investor Kimmeridge, who urged the company to enhance its focus on the region. The acquisition aligns with Devon Energy's recent decision to relocate its headquarters to Houston.
Devon Energy Strengthens Market Position In NYSE Composite
Devon Energy is maintaining market focus due to its operational expansion, increased institutional activity, and a positive long-term sentiment in the energy sector. The company primarily produces crude oil, natural gas, and natural gas liquids across major U.S. energy basins. Its continued visibility underscores its strong position within the American oil and gas exploration and production industry.
Devon snaps up prime Delaware Basin acreage for $2.6 billion after Coterra merger
Devon Energy has acquired 16,300 net undeveloped acres in the Delaware Basin, New Mexico, for approximately $2.6 billion through a federal lease. This move strengthens Devon's position in the Permian Basin shortly after its merger with Coterra Energy. However, some analysts expressed concern that Devon may have overpaid, as the implied price per net drilling location was surprisingly high compared to historical M&A in the region.
Devon Energy Enhances Permian Inventory in Federal Lease Sale
Devon Energy Corporation announced the acquisition of 16,300 net undeveloped acres in the Delaware Basin for approximately $2.6 billion, significantly enhancing its Permian inventory. This strategic move adds around 400 net locations with strong well economics, leveraging existing infrastructure and favorable federal lease terms. The acquisition, funded with cash on hand, is expected to extend inventory life and be accretive to net asset value per share, reinforcing Devon's leading position in the basin.
Devon Energy Corp. stock underperforms Thursday when compared to competitors
Devon Energy Corp. (DVN) stock fell 2.79% on Thursday, closing at $47.11, despite an overall favorable trading session for the broader market. This marks the second consecutive day of losses for DVN, while the S&P 500 and Dow Jones Industrial Average both saw gains.
Devon Energy (NYSE:DVN) Price Target Raised to $66.00 at Morgan Stanley
Morgan Stanley has increased its price target for Devon Energy (NYSE:DVN) to $66 from $59, maintaining an "overweight" rating and suggesting a 37% upside. This comes amidst a generally positive shift from other analysts, leading to a "Moderate Buy" consensus rating and a target price of $57.30, despite the company recently missing EPS and revenue estimates. The positive sentiment is driven by institutional buying and a significant Delaware Basin acquisition, though the company remains exposed to oil and gas price fluctuations.
Jim Cramer on Devon Energy: “It’s Exactly What You Should Be Buying Right Here”
Jim Cramer recommended Devon Energy (NYSE: DVN) as a buy, citing its strong natural gas portfolio and an upcoming merger that makes it undervalued. He stated that the company offers "tremendous natural gas," which is in high demand and expects a natural gas shortage. While Cramer showed caution on oil and gas stocks after a recent run, he maintained that Devon Energy is a sound investment.
Devon Energy buys 16,300 net acres in Delaware Basin for ~$2.6B
Devon Energy has purchased 16,300 net undeveloped acres in Lea and Eddy Counties, New Mexico, within the Delaware Basin, for approximately $2.6 billion. This acquisition adds about 400 net locations with strong expected well economics and favorable federal lease terms. The transaction will be funded with cash on hand, maintaining the company's financial discipline.
Devon boosts Delaware Basin footprint with $2.6 billion land acquisition
Devon Energy (DVN.N) acquired 16,300 net undeveloped acres in New Mexico's Delaware Basin for approximately $2.6 billion. This acquisition expands the company's regional footprint and drilling inventory, adding about 400 net drilling locations. The new acreage is adjacent to Devon's existing operations, allowing for leverage of established infrastructure and longer lateral drilling.
Devon Energy Enhances Permian Inventory in Federal Lease Sale
Devon Energy announced the acquisition of 16,300 net undeveloped acres in the Delaware Basin, New Mexico, for approximately $2.6 billion. This strategic move, funded with cash on hand, significantly enhances their Permian inventory with high net revenue interest federal leases offering longer laterals and multi-well development. The acquisition aims to extend inventory life and is expected to be accretive to net asset value per share, leveraging Devon's existing infrastructure and drilling expertise.
Q1 EPS Estimates for Devon Energy Boosted by Zacks Research
Zacks Research has increased its Q1 2027 EPS estimate for Devon Energy (NYSE: DVN) to $0.99 from $0.91, maintaining a "Strong-Buy" rating. Despite missing Q1 2026 analyst expectations for both EPS and revenue, Devon Energy recently raised its quarterly dividend to $0.32, signaling stronger shareholder returns. The company currently holds a "Moderate Buy" consensus rating from analysts with an average price target of $57.04.
Devon Energy Enhances Permian Inventory in Federal Lease Sale
Devon Energy successfully acquired 16,300 net undeveloped acres in the Delaware Basin through a Bureau of Land Management lease sale for approximately $2.6 billion. This acquisition is expected to extend the company's inventory life, enhance its net asset value per share, and leverages existing infrastructure due to its proximity to current operations. The company plans to fund this acquisition with cash on hand while maintaining its disciplined cash-return framework.
Devon Energy spends $2.6B on New Mexico drilling rights in BLM sale
Devon Energy has acquired 16,300 net undeveloped acres in New Mexico's core Delaware Basin for $2.6 billion through a BLM lease sale. This acquisition adds approximately 400 net drilling locations with favorable terms, including an 87.5% net revenue interest and 10-year lease terms. The company plans to fund the deal with cash on hand, reinforcing its commitment to its $8 billion share repurchase program and leveraging its existing infrastructure.
Jim Cramer on Devon Energy: “It’s Exactly What You Should Be Buying Right Here”
Jim Cramer endorsed Devon Energy (NYSE: DVN) as a strong buy, citing its significant natural gas assets and an upcoming merger. While acknowledging its potential, the article suggests that certain AI stocks might offer greater upside and less risk for investors. Cramer believes DVN is well-positioned due to anticipated natural gas shortages and a beneficial merger.
Devon Energy Enhances Permian Inventory in Federal Lease Sale
Devon Energy has acquired 16,300 net undeveloped acres in the core of the Delaware Basin for approximately $2.6 billion, enhancing its Permian inventory. This acquisition adds about 400 net locations with strong expected well economics due to high net revenue interest, contiguous acreage, and top-tier productivity, and will be funded with cash on hand while maintaining a strong credit profile. The company emphasizes that this strategic move improves inventory depth and is immediately accretive to its top-tier inventory.
Equinor and Aker BP swap stakes in several Norwegian oil and gas fields
Norwegian oil companies Equinor and Aker BP have announced an agreement to swap stakes in several oil and gas fields off the coast of Norway. This strategic move aims to improve development solutions, reduce complexity, and accelerate new projects, potentially leading to increased production. The companies expect these transactions to optimize their portfolios and support Norway's long-term goal of extending its petroleum industry's lifespan.
Devon Energy dominates record $4 billion US government oil and gas auction
Devon Energy dominated a record $4 billion U.S. government auction for oil and gas drilling rights on federal lands in New Mexico and Texas. The sale, held by the Trump administration, far surpassed previous records and reflects strong industry demand amid global oil supply concerns. Devon Energy secured over half the total sale value, paying record prices for individual parcels in the Permian Basin.
Do Rising Earnings Estimates Change the Risk-Reward Math for EOG Resources (EOG)?
Analysts have recently increased their earnings estimates for EOG Resources, signaling greater confidence in the company's operational and financial stability. This upward revision, driven by strong Q1 2026 results and updated production guidance, could enhance the perceived value of EOG's capital return program but also highlights its exposure to oil and gas price volatility. While encouraging, investors should consider the potential impact of long-term shifts in energy demand on the company's outlook.
BP plc stock (GB0007980591): Energy major’s recent moves keep investors focused
BP plc remains a key focus for investors, particularly in the US, due to its global oil and gas trade involvement and its strategic shift towards capital discipline and lower-carbon investments. The company's integrated business model provides multiple revenue streams, including upstream production, refining, and customer businesses, while its ADR listing makes it accessible to American investors looking to track both traditional energy markets and the energy transition. Its ongoing performance hinges on fluctuating oil and gas markets, refining conditions, and disciplined portfolio management.
Jefferies Sees Multiple Catalysts Driving Devon Energy (DVN) Higher after Coterra Deal
Jefferies upgraded Devon Energy (DVN) to Buy with a $62 price target, citing potential catalysts for outperformance after the Coterra merger and opportunities created by oil curve pullbacks. Analyst Chris Baker also resumed coverage with an "In Line" rating and a $54 price target, highlighting the company's high free cash flow yield and compelling valuation despite geopolitical risks. Devon Energy is a U.S.-based oil and gas producer focused on exploration, development, and production in a diversified multi-basin portfolio, primarily in the Delaware Basin.
PrimeEnergy (NASDAQ: PNRG) Q1 profit drops as gas and NGL prices slump
PrimeEnergy (NASDAQ: PNRG) reported a significant decrease in Q1 2026 net income, falling to $4.3 million from $9.1 million in the prior year, primarily due to slumping natural gas and NGL prices. While oil production and pricing saw modest increases, sharply lower realized prices for gas and NGLs, along with an unrealized loss on crude derivatives, negatively impacted overall sales, which dropped by 16.3% to $39.5 million. Despite the earnings decline, the company maintains a strong financial position with $19.4 million in cash and an undrawn $115 million credit facility, supporting its planned $52 million horizontal drilling program for 2026.
Devon Energy Merger And Buybacks Reshape Valuation And Return Profile
Devon Energy (NYSE:DVN) has completed its merger with Coterra Energy and initiated an $8 billion share buyback program, alongside increasing its quarterly dividend by 33%. These strategic moves, combined with recent positive stock performance, aim to enhance shareholder returns and reshape the company's valuation and risk profile. Investors are now focused on the integration of assets and the sustainability of these capital return plans.
Raymond James upgrades SM Energy stock rating on oil strength By Investing.com
Raymond James upgraded SM Energy (NYSE:SM) to Outperform with a $55 price target, citing its strong performance amidst rising oil prices following the Iran war. The company has significantly reduced debt and expects to achieve a leverage ratio below 1x by Q4 2026, with plans to initiate share buybacks in Q2 2026. Despite a recent stock run, analysts believe a bullish oil outlook presents further upside potential, underscoring the company's financial health and growth prospects.
DVN - Devon Energy & Coterra Energy – Shareholders Approve Strategic All-Stock Merger
Devon Energy and Coterra Energy shareholders have overwhelmingly approved an all-stock merger, creating a premier large-cap shale operator with enhanced scale and free cash flow potential. The transaction, expected to close around May 7, 2026, will result in Devon shareholders owning approximately 54% and Coterra shareholders 46% of the combined entity. This merger is anticipated to drive stronger cash flow, operational efficiencies, and diversified assets, enhancing shareholder returns.
[Form 4] DEVON ENERGY CORP/DE Insider Trading Activity
Devon Energy director Thomas E. Jorden reported insider trading activity involving non-market share dispositions due to merger-related equity vesting. He gifted 631,784 shares of common stock and had additional shares withheld for taxes, totaling 204,956 shares disposed of at $49.49 per share through tax-withholding transactions. After these transactions, Jorden indirectly holds 2,408,753 shares through a trust and directly holds 468,042 shares.
Devon Energy (NYSE: DVN) Rule 144 notice lists multiple vested share lots
Devon Energy (NYSE: DVN) has filed a Rule 144 notice for proposed sales of Common Stock through Fidelity Brokerage Services LLC, with an execution date noted as May 19, 2026. The filing details multiple vested restricted stock lots from 2022 and 2023, totaling significant share counts. This notice is a procedural step for potential resale of these compensation-related shares, but it does not confirm actual sales or proceeds.
Capital Discipline, Efficiency Keeping Rig Counts Low
Despite a recent rise in crude oil rig counts, capital discipline and increased drilling efficiency are keeping overall rig counts low. Drillers, wary of past boom/bust cycles and potential oil price drops if the war with Iran ends, are hesitant to significantly boost production. The EIA anticipates increased US oil production starting in 2027, seeing US producers as beneficiaries of the current geopolitical situation.
Jim Cramer Warns STMicro Is ‘Late Late Late’ At 51x Earnings - Devon Energy (NYSE:DVN), SOLV Energy (NASD
Jim Cramer discussed several stocks during his "Mad Money Lightning Round," recommending Devon Energy for its natural gas assets and noting USA Compression Partners hit a 52-week high with a good yield. He warned against STMicroelectronics due to its high 51x earnings valuation, despite it being a good company, and called Solv Energy a "great niche" company. Cramer also mentioned that Taiwan Semiconductor Manufacturing Co. is accelerating investments in advanced chips and AI infrastructure, expecting it to go higher.
PKO BP BANKOWY Universal Pension Society JSC Invests $6.50 Million in Devon Energy Corporation $DVN
PKO BP BANKOWY Universal Pension Society JSC recently acquired a new position in Devon Energy Corporation (NYSE:DVN), purchasing 177,491 shares valued at approximately $6.50 million in the fourth quarter. This investment makes Devon Energy the 7th largest holding in the fund's portfolio, representing 3.3% of its total assets. The article also details other institutional investor activities, recent analyst ratings, and key performance metrics for Devon Energy.
[EFFECT] DEVON ENERGY CORP/DE SEC Filing
This SEC filing concerns Devon Energy Corp (DVN) and is a Notice of Effectiveness, indicating the effectiveness date of May 18, 2026. The filing has a neutral impact and sentiment according to StockTitan. The article also provides a company overview, recent news, and other SEC filings for Devon Energy.
Canada Post Corp Registered Pension Plan Trims Holdings in Devon Energy Corporation $DVN
Canada Post Corp Registered Pension Plan significantly reduced its stake in Devon Energy Corporation ($DVN) by 52.8% in the fourth quarter, now holding 20,008 shares valued at approximately $733,000. Despite this, institutional investors still own 69.72% of the stock, and analysts maintain a bullish outlook, with several firms raising price targets. Devon Energy also increased its quarterly dividend to $0.32 per share, and the stock is trading above its key moving averages.
Devon Energy Corp stock (US2521311074): earnings momentum and oil price tailwinds in focus
Devon Energy Corp's latest quarterly results highlight strong cash generation and a continued focus on shareholder returns, despite operating in volatile oil markets. The company, a major independent oil and gas producer, is strategically positioned to benefit from supportive commodity prices through its disciplined capital spending and cost control measures, particularly within its core Delaware Basin assets. However, its performance remains sensitive to cyclical swings and regulatory changes inherent to the oil and gas industry.
Oil prices fall after Trump delays planned Iran strike, easing supply disruption fears
Oil prices declined after U.S. President Donald Trump postponed a planned military strike on Iran following requests from Middle Eastern leaders, alleviating concerns about potential disruptions to global crude supplies. Brent crude futures fell 1.84% to $110.26 per barrel, while West Texas Intermediate futures decreased 0.05% to $108.61 per barrel. Analysts note that while some shipping activity through the Strait of Hormuz has resumed, supply flows remain below normal, and the market is still pricing in persistent supply disruptions.
Devon Energy Corp (DVN) Stock Price, Trades & News
This GuruFocus page provides a comprehensive overview of Devon Energy Corp (DVN), including its current stock price, key financial metrics, business description, and performance data. It also highlights recent news, analyst ratings, and insider transactions related to the company, indicating DVN's active presence in the market despite some warning signs detected by GuruFocus.
YPF's $25B RIGI Venture: Largest Oil Export Plan in Argentina | 2026 Update - News and Statistics
YPF has submitted a $25 billion RIGI application for its LLL Oil development in Vaca Muerta, aiming to become Argentina's largest oil export project. The initiative involves drilling 1,152 wells over 15 years, with an anticipated output of 240,000 barrels per day by 2032, all designated for export via the VMOS pipeline. This project is expected to generate $6 billion annually from exports by 2032 and create 6,000 direct jobs during construction, leveraging Argentina's RIGI framework for tax, customs, and currency benefits.
Devon Energy (NYSE:DVN) Price Target Raised to $68.00 at Wells Fargo & Company
Wells Fargo & Company has raised its price target for Devon Energy (NYSE:DVN) from $66.00 to $68.00, maintaining an "overweight" rating. This new target implies a potential upside of 39.60% from the stock's previous close. Despite missing Q1 earnings estimates, the company has received a "Moderate Buy" consensus rating from analysts, with various firms providing both upgraded and downgraded ratings.
Jefferies Financial Group Increases Devon Energy (NYSE:DVN) Price Target to $63.00
Jefferies Financial Group has raised its price target for Devon Energy (NYSE:DVN) from $62.00 to $63.00, maintaining a "buy" rating with a potential upside of 29.33%. Despite a recent earnings miss, other analysts have also given mostly positive ratings and target increases for Devon Energy, which currently holds a consensus "Moderate Buy" rating. Insider selling by SVP Adam M. Vela and EVP Jeffrey L. Ritenour was also reported.
Texas Pacific Land (NYSE: TPL) details high-margin water, desalination and data center strategy
Texas Pacific Land (TPL) leveraged its Investor Day to highlight its high-margin water, desalination, and data center strategies that support Permian Basin development. The company reported significant revenue and profitability from its water segment, along with progress on a patented freeze desalination program and a substantial investment in Bolt Data & Energy for multi-gigawatt data center projects. TPL aims to capitalize on its surface estate and water resources to expand revenue streams and address growing demand in both energy and technology sectors.
Phillips 66 to build new Permian gas plant, expand Corpus Christi facilities
Phillips 66 is expanding its natural gas liquids business with new projects in Texas, including a new gas plant and pipeline in the Permian Basin and an expansion of its Corpus Christi processing facilities. The company aims to meet rising demand for natural gas chemicals, which are used in cleaner-burning fuels and as building blocks for plastics. These projects, expected to be online by 2028, will increase the company's capacity for processing and moving natural gas and its byproducts.
Pacific Heights Asset Management LLC Has $20.15 Million Stock Holdings in Devon Energy Corporation $DVN
Pacific Heights Asset Management LLC significantly increased its stake in Devon Energy Corporation (DVN) by 10% in the fourth quarter, now holding 550,000 shares valued at $20.15 million. Other institutional investors have also boosted their positions, with institutions collectively owning 69.72% of the stock. Analysts maintain a "Moderate Buy" rating with an average price target of $56.41 for DVN, which recently raised its quarterly dividend to $0.32 per share.
Should Pacer US Small Cap Cash Cows ETF (CALF) Be on Your Investing Radar?
The Pacer US Small Cap Cash Cows ETF (CALF), launched in 2017, focuses on small-cap value companies with high free cash flow yields and has over $3.32 billion in assets. With an expense ratio of 0.59% and a 12-month trailing dividend yield of 1.37%, CALF has shown a 5.34% year-to-date return and a 20.6% increase over the last year. Despite being a diversified option in the small-cap value space, investors might consider alternatives like IWN or VBR due to CALF's relatively higher expense ratio.
Can Russell 1000 Attention Lift Antero Midstream Shares?
This article discusses Antero Midstream (NYSE: AM) and its operations within the Appalachian shale infrastructure, focusing on its gathering systems, compression assets, and transportation activities. It suggests that attention from the Russell 1000 Index could potentially influence the company's shares. The piece is part of a broader discussion on the energy sector's valuation and market trends.
92,919 Shares in Devon Energy Corporation $DVN Bought by iA Global Asset Management Inc.
iA Global Asset Management Inc. recently purchased 92,919 shares of Devon Energy Corporation (NYSE:DVN) valued at approximately $3.4 million in the fourth quarter. Other institutional investors have also adjusted their holdings in the company. Devon Energy has increased its quarterly dividend to $0.32 per share, resulting in an annualized payout of $1.28 and a yield of about 2.6%.
Vista Energy. de (NYSE:VIST) Stock Forecast & Analyst Predictions
Vista Energy (NYSE: VIST) is projected to achieve significant growth, with earnings expected to rise by 13.4% and revenue by 11.1% annually. Analysts forecast a high return on equity of 27.1% within three years, positioning the company as a strong player in the Vaca Muerta shale region. The article highlights Vista's robust operational efficiency, strategic focus on export-driven growth, and attractive valuation compared to its peers, despite inherent risks in the cyclical oil and gas industry and Argentina's political landscape.
