JP Morgan Maintains Overweight on Devon Energy, Raises Price Target to $65
JP Morgan analyst Arun Jayaram maintains Devon Energy (NYSE:DVN) with a Overweight and raises the price target from $60 to $65.
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Pipelines are each running from the Permian Basin to Katy, TX. The project has secured substantial long-term firm transportation agreements with predominantly investment-grade shippers to support the FID. Solitude will
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JP Morgan analyst Arun Jayaram maintains Devon Energy (NYSE:DVN) with a Overweight and raises the price target from $60 to $65.
Records from September 25, 2026 indicate that Representative Kevin Hern of Oklahoma made a sale of Devon Energy (NYSE:DVN), valued between $1,467,083 and $4,380,000, with the transaction dated September 2, 2026 and
Wells Fargo analyst Sam Margolin maintains Devon Energy (NYSE:DVN) with a Overweight and lowers the price target from $65 to $64.
BP has reportedly withdrawn from negotiations to purchase Devon Energy's Eagle Ford Shale assets, valued at approximately $4.5 billion. The decision comes as Devon faces pressure from activist investor TOMS Capital to divest assets or sell itself entirely. BP cited capital discipline concerns, likely due to uncertainty about global oil prices if the Iran conflict ends, causing Devon's stock to drop 3.6% on the news.
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