Devon energy stock price settled at $45

Devon Energy stock price settled at $45.05 with market watchers pointing to technical support around $44. Devon Energy’s most followed narrative sets a fair value much higher than the recent closing price, with bulls and bears clashing over future growth potential. The case hinges on a range of operational improvements and major midstream moves that are expected to reshape earnings power. Shares of the oil and gas exploration company have appreciated by 5.36% over the course of the past month, underperforming the Oils-Energy sector's gain of 5.39%, and outperforming the S&P 500's gain of 3.92%. Devon Energy stock price is holding strong at around $45.10, with analysts citing dividend sustainability at current earnings levels. Yield-focused funds appear to be accumulating shares for their energy portfolio allocations.