Oil and energy stocks are getting hammered by fears over the virus [CNNMoney.com]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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Source: CNNMoney.com
Oil and energy stocks are getting crushed by coronavirus fears New York (CNN Business) The spread of the coronavirus around the world is sending shockwaves through an oil market ill-prepared for a serious blow to energy demand. Oil prices plunged deeper into a bear marke t Wednesday, reflecting fears about the economic repercussions of the rapidly-spreading health crisis. Economists are warning the coronavirus could spark a severe economic slowdown or even recession in the United States and elsewhere. The outbreak is the biggest shock to demand for oil since the 2008 financial crisis. US crude dropped another 2.3% on Wednesday to $48.73 a barrel. That's the lowest price since January 2019 and it marks a 23% plunge from the recent peak of $63.27 a barrel on January 6."You're seeing the ripple effects of the coronavirus proliferate outside of China. That is what is turning investor sentiment on oil and other risk assets as well," said Michael Tran, director of global energy strat
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News
- Should You Buy Devon Energy Stock With Oil Prices Below $70 a Barrel? [Yahoo! Finance]Yahoo! Finance
- Devon Declines 32.2% in Six Months: Should You Bet on the Stock? [Yahoo! Finance]Yahoo! Finance
- Fervo Energy Secures Additional $255 Million Funding to Meet Unprecedented Energy Demand [Yahoo! Finance]Yahoo! Finance
- AI's energy hunger fuels geothermal startups but natgas rivalry clouds future [Yahoo! Finance Canada]Yahoo! Finance Canada
- Devon Energy Co. (NYSE: DVN) had its price target lowered by analysts at Piper Sandler from $57.00 to $53.00. They now have an "overweight" rating on the stock.MarketBeat
DVN
Earnings
- 11/5/24 - Beat
DVN
Sec Filings
- 12/9/24 - Form 8-K
- 11/6/24 - Form 10-Q
- 11/5/24 - Form 8-K
- DVN's page on the SEC website