Devon Energy News

Wichita Business Journal employee Gary Nickel received this photo from his son, Justin Nickel, who was in the Moore, Okla., area Monday afternoon.

One of the better plays in the energy sector at this time appears to be Devon Energy , which several days ago, dropped to levels not seen since a brief moment in 2011.

The firm currently has a "market perform" rating on the stock. Devon Energy traded down 1.16% on Wednesday, hitting $58.76. Devon Energy has a 52-week low of $50.81 and a 52-week high of $63.95. The stock's 50-day moving average is currently $55.43. The company's market cap is $23.857 billion.

The Texas House of Representatives was set Monday to honor a shale drilling pioneer, whose innovation helped fill state coffers this session and avoid last-sessions cuts to education and other crucial services.

The company carries out exploration, development, and production of oil, natural gas and natural gas liquids .

's stock had its "buy" rating restated by equities researchers at Buckingham Research in a report issued on Wednesday, Analyst Ratings Network reports.

May 7, 2013 Osage Exploration and Development, Inc. , an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, announced today preliminary production results on the Blevins 1-7H Horizontal Mississippian well in Logan County, Oklahoma.

Three Oklahoma companies made this year's list of Fortune's 500 companies. Chesapeake Energy, Devon Energy and Williams are ranked, 223, 284 and 342 respectively.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a "neutral" rating on shares of Devon Energy in a research note to investors on Friday.

's stock had its "neutral" rating reiterated by Zacks in a research note issued to investors on Friday, Stock Ratings Network.com reports.

The number of gas rigs in the U.S. declined by 12 this week to 354, according to Baker Hughes Inc.

Devon Energy Corporation reported a net loss of $1.3 billion, or $3.34 per share for the first quarter of this year.

Boosted by strengthening prices, executives at Oklahoma natural gas producers have used a more optimistic tone in recent days as they describe their primary product.

This week saw a flurry of economic and earnings reports, with several well-known commodity firms posting both hits and misses.

Devon Energy Corp. , the oil and gas producer that sold its overseas assets to focus on North America , will return $2 billion of those cash sales proceeds to the U.S. after a change in its tax status.

Welcome to Devon Energy's first quarter earnings conference call. At this time, all participants are in a listen-only mode.

Devon Energy posted its quarterly earnings results on Wednesday. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.10, StockRatingsNetwork reports.

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The analysts wrote, "Devon Energy has been reiterated by TheStreet Ratings as a hold with a ratings score of C. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated.

's stock had its "market perform" rating reiterated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Thursday, AnalystRatingsNetwork reports.