Devon energy stock price settled at $45

Devon Energy stock price settled at $45.05 with market watchers pointing to technical support around $44. Shares of oil companies lost ground as OPEC+ announced plans to increase oil output. In the case of Devon Energy, the consensus sales estimate of $4.17 billion for the current quarter points to a year-over-year change of +3.7%. The $17.1 billion and $16.99 billion estimates for the current and next fiscal years indicate changes of +7.3% and -0.6%, respectively. Devon Energy stock price ticked higher to $45.25 as energy sector earnings revisions trended positively. Consensus estimates now factor in stronger operational efficiencies in the Delaware Basin assets.