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Why BofA Securities Is Overweight Energy Stocks In 2021
Energy sector investors have had another brutal year in 2020, with the Energy Select Sector SPDR Fund (NYSE: XLE) on track to finish the year down more than 34%. Yet BofA Securities said this week that it is betting on a big rebound and rating the energy sector Overweight in 2021.
Benzinga · 2d ago
Energy again sets the pace, extending this month's monster rally
The S&P energy sector ([[XLE]] +4.5%) starts off with a nearly 5% gain today as crude oil jumps to its highest level since March; extending early gains, January WTI +3.8%
Seekingalpha · 3d ago
7 reasons why energy stocks will be 60% higher a year from now
The economy is getting stronger and energy stocks look cheap.
MarketWatch · 11/20 14:40
The Zacks Analyst Blog Highlights: Devon Energy, Baker Hughes, Diamondback Energy, Marathon Oil and Chevron
Zacks · 11/20 14:02
Tesla Stock Is Going Into the S&P 500. Heres How the Index Might Make Room for It.
Truist analyst Neal Dingmann thinks energy shares might be on the chopping block.
Barrons.com · 11/19 18:53
Permian Basin Adds Oil Drilling Rigs for 4 Straight Weeks
After increasing for nine straight weeks, the tally of oil and gas rigs in the United States has jumped to the highest mark since May.
Zacks · 11/17 21:22
Devon Energy grabs upgrades from both Goldman, Stanley
Devon Energy (DVN) +0.5% pre-market after winning two Wall Street upgrades; shares gained 6.4% yesterday in a strong showing for oil and gas names.Goldman Sachs raises the stock to Buy
Seekingalpha · 11/17 13:55
Morgan Stanley Upgrades Devon Energy to Overweight
Morgan Stanley analyst Devin McDermott upgrades Devon Energy (NYSE:DVN) from Equal-Weight to Overweight.
Benzinga · 11/17 11:24
Goldman Sachs Upgrades Devon Energy to Buy, Announces $14.5 Price Target
Goldman Sachs analyst Brian Singer upgrades Devon Energy (NYSE:DVN) from Neutral to Buy and announces $14.5 price target.
Benzinga · 11/17 11:23
With Tesla taking a (sizable) space in S&P 500, who will get bumped?
Now that Tesla (TSLA) has made the (S&P 500) grade, which of the 500 names in the index might get edged out to make room? The electric automaker will be
Seekingalpha · 11/16 23:19
Crude oil climbing on vaccine progress, hopes for OPEC+ supply curbs
Crude oil extends (CL1:COM) gains on news of Moderna's highly effective COVID-19 vaccine; December WTI +4.3% to $41.85/bbl, January Brent +3.7% to $44.36/bbl.Prices also were helped by new data showing economic rebounds
Seekingalpha · 11/16 13:30
Permian Basin acreage price plunged by two-thirds in two years - report
Drilling rights in the Permian Basin averaged $24K/acre in recent deals, down 67% from 2018, and the average price across all U.S. shale has plummeted to ~$5K/acre from $17K two
Seekingalpha · 11/12 23:22
Ormat Technologies (ORA) Q3 Earnings Beat, Revenues Drop Y/Y
Ormat Technologies' (ORA) third-quarter top line drops 6.8% on a year-over-year basis due to lower revenues from its electricity and product segment.
Zacks · 11/06 23:09
Shale Driller WPX Rejected 43% Takeover Premium for One at 2.6%
Bloomberg · 11/06 12:30
Murphy Oil (MUR) Reports Narrower-Than-Expected Loss for Q3
Murphy Oil's (MUR) third-quarter loss betters analyst expectations but its top line misses the same.
Zacks · 11/05 17:40
Energy Transfer (ET) Q3 Earnings & Revenues Top Estimates
Energy Transfer's (ET) earnings and revenues surpass estimates in Q3. The firm cuts its capital plans as part of its cost-saving efforts.
Zacks · 11/05 17:37
Republicans retain control of Texas oil and gas regulator
Texas oil producers trade broadly higher after Republican businessman Jim Wright cruised to a surprisingly easy victory in the Texas Railroad Commission over a Democratic energy lawyer who had sought
Seekingalpha · 11/04 18:21
Midstream/MLP Earnings So Far: M&A, Dividends, Buyback And ESG
Midstream companies have largely been positive on upstream consolidations, as the combined entities result in stronger customers, but management commentary on midstream consolidation has varied.As of the end of October, 34 of the 39 dividend-paying names in the Alerian Midstream Energy Index have declared their 3Q payouts, with 29 maintaining, 3 growing, and 2 cutting sequentially.Discussion of the energy transition and opportunities in renewables have shifted from the Q&A portion of 2Q20 calls to the prepared remarks for 3Q20.
Seekingalpha · 11/04 13:00
Devon piling up permits for drilling on federal land ahead of election, CEO says
Devon Energy (DVN) soon will have enough permits for shale drilling on federal lands to cover its production plans in the Permian's Delaware Basin through 2024, CEO David Hager told
Seekingalpha · 10/30 21:49
Credit Suisse Maintains Outperform on Devon Energy, Lowers Price Target to $14
Credit Suisse maintains Devon Energy (NYSE:DVN) with a Outperform and lowers the price target from $15 to $14.
Benzinga · 10/30 12:55
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About DVN
Devon Energy Corporation is an independent energy company. The Company operates through its U.S operating segment. Its U.S operating segment is engaged exploration, development and production of oil, natural gas and natural gas liquids (NGL). The Company’s operations are concentrated in various North American onshore areas in the United States. The Company’s operations are focused in four core oil producing areas: the Delaware Basin, Eagle Ford, STACK and Rockies Oil. The Company’s Delaware Basin offers exploration and development opportunities from geologic reservoirs and play types, including the oil-rich Bone Spring, Wolfcamp and Leonard formations. The Company operates approximately 10 rigs in the asset. Its acreage in the Rockies Oil is focused on emerging oil opportunities in the Powder River Basin. Rockies Oil operates two rigs targeting the Turner, Parkman, Teapot and Niobrara formations in northern Converse County of the Powder River Basin.
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