Devon Energy Corporation (DVN) is one of the most undervalued stocks in the market, and could experience significant upside over the next 12 months. The energy company posted its second-quarter earnings on August 3. Looking at the industry as a whole, Goldman Sachs expects that the latest OPEC+ deal to boost supply will stabilize oil prices, but argues that short-term supply might not meet demand. Goldman has set an $80 price target on WTI Crude (one of the main oil benchmarks), subsequently causing much optimism for energy stocks. (See DVN stock charts on TipRanks) This author is bullish on DVN stock.
https://www.tipranks.com/news/article/devon-energy-synergies-cash-flow-to-boost-stock?utm_source=advfn.com&utm_medium=referral
Devon Energy (NYSE:DVN)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more Devon Energy Charts.
Devon Energy (NYSE:DVN)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Devon Energy Charts.