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Devon Energy Corporation
Company Overview: Devon Energy Corporation (NYSE: DVN) is an oil and gas producer in the United States with a multi-basin portfolio. The Company is primarily engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). Its oil and gas properties include Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin and Powder River Basin. The Delaware Basin operates in southeast New Mexico and across the state line into west Texas.
As per our previous US Earning Hunter report published on ‘DVN’ on 17th November 2023, Kalkine provided a ‘Attractive’ stance on the stock at USD 44.29 based on “earning hunter ratings and mentioned fundamentals” and the stock price has now moved by ~10.97% since then and the price has achieved resistance 1 and closing to resistance 2 level.
Noted below are the details of support and resistance levels provided in our previous report:
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Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.
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