Jefferies analyst Lloyd Byrne maintains $Devon Energy (DVN.US)$ with a hold rating, and adjusts the target price from $54 to $45.
According to TipRanks data, the analyst has a success rate of 55.5% and a total average return of 21.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Devon Energy (DVN.US)$'s main analysts recently are as follows:
Estimates within the integrated oil and exploration and production sector have been adjusted to accommodate a decrease in oil price forecasts for the years ahead. Despite the recent downturn in the sector, it is suggested that the potential benefits outweigh the risks for stocks, given that company fundamentals and operational momentum are reported to be strong.
The resumption of coverage on Devon Energy noted that the completion of the Grayson Mill acquisition brings additional layers to Devon's Bakken position and is expected to contribute positively to free cash flow as development activities are fine-tuned. The market's attention is largely on the Delaware's longevity and outcomes from its core play, yet the expanded Bakken presence is acknowledged as a beneficial move.
The exploration and production group had their estimates modified to reflect updated commodity price decks and investment perspectives. With long-term oil and gas price expectations set at $80 for Brent and $3.50 for Henry Hub, there's potential for sustained capital efficiency through 2025 if operational efficiency gains continue and service costs further decline. This could counterbalance the effects of resource maturity.
Note:
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富瑞集团分析师Lloyd Byrne维持$戴文能源 (DVN.US)$持有评级，并将目标价从54美元下调至45美元。
根据TipRanks数据显示，该分析师近一年总胜率为55.5%，总平均回报率为21.9%。
此外，综合报道，$戴文能源 (DVN.US)$近期主要分析师观点如下：
对综合石油和勘探与生产部门的估计进行了调整，以适应未来几年油价预测的下降。尽管该行业最近出现低迷，但鉴于据报道公司基本面和运营势头强劲，有迹象表明，股票的潜在收益大于风险。
德文能源公司的恢复报道指出，对格雷森磨坊的收购的完成为德文郡的巴肯地位带来了额外的保障，随着开发活动的微调，预计将为自由现金流做出积极贡献。市场的注意力主要集中在特拉华州的寿命及其核心业务的业绩上，但扩大Bakken的业务被认为是一个有益的举动。
勘探和生产小组修改了估计，以反映最新的大宗商品价格和投资前景。布伦特原油的长期石油和天然气价格预期为80美元，Henry Hub的长期石油和天然气价格预期为3.50美元，如果运营效率持续提高和服务成本进一步下降，则有可能在2025年之前实现持续的资本效率。这可以抵消资源成熟度的影响。
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