CITIC: Devon Energy (DVN.US) possesses high-quality core shale assets, currently undervalued offering a good buying opportunity.

According to 21st Century Business Herald APP, as international oil prices rise, most oil and gas producers' stock prices are also on the rise, with Devon Energy (DVN.US) closing up 1.8% on Monday. At the same time, J.P. Morgan resumed coverage of Devon Energy after the research restriction period due to the Coterra merger transaction ended, giving it a "neutral" rating and a year-end target price of $62.