Wall Street slides after Saudi attacks; energy stocks surge [Reuters]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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Source: Reuters
Wall Street slides after Saudi attacks; energy stocks surge - Reuters 3 Min Read (Reuters) - Wall Street slipped on Monday on global growth worries after the weekend attack on Saudi Arabian crude facilities knocked out 5% of the world’s supply, while a more than 10% jump in oil prices lifted beaten-down energy stocks. The attack on the world’s biggest oil exporter sent oil prices up as much as 20% before they eased off their peaks as U.S. President Donald Trump authorized the use of the country’s emergency oil stockpile to ensure stable supplies. [O/R] The S&P 500 Energy .SPNY, one of the worst performing sectors this year, soared 3.18%, its best day since Jan. 4. At least 14 of the top advancers on the S&P 500 were energy stocks. Shares of Marathon Oil Corp MRO.O and Devon Energy Corp ( DVN.N ) rose more than 8% each and led the gains. The supply disruptions should put a bid into U.S. energy stocks, which have meaningfully lagged the broader market, JPM analysts wrote in a note. “I
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DVN
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