Devon Energy beats Q1 profit estimate on higher production
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JPMorgan Comments on Devon Energy (DVN)
May 3, 2024 6:23 AM EDTJPMorgan analyst Arun Jayaram reiterated an Overweight rating and $62.00 price target on Devon Energy (NYSE: DVN)
The analyst comments "JPM View: DVN delivered strong 1Q24 results, yet the shares declined by 0.12% (-79bps vs. XOP). Its unclear why the stock didnt respond to the 1Q24 beat and raise, although we do have a few theories. We heard feedback that the companys production beat was largely... More
