Devon Energy (DVN) has an average rating of overweight and mean price target of $61.60, according to analysts polled by FactSet.
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BP (BP) has asked senior independent director Amanda Blanc to lead the search for the company's next chair despite concerns from some investors and City figures following the departure of former chairperson Albert Manifold, the Financial Times reported Monday.Blanc will oversee a "rigorous" selection process on behalf of the board, the report said, citing Interim Chair Ian Tyler.Some shareholders and market figures questioned whether Blanc should run a second chair search after Manifold left the role after about eight months, according to the report.BP did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Pulsar Helium (PLSR.L) raised 330,469 pounds sterling through the exercise of warrants issued in October 2024.The helium exploration company exercised 1,321,875 warrants for 0.25 pound apiece to issue the same number of common shares, according to a Tuesday release. The new shares are expected to start trading on Friday.
Serica Energy (SQZ.L) on Tuesday unveiled a new dividend policy to target dividends of 15% to 30% of its post-tax cash flow from operations for 2026 and onward.The oil and gas company also maintained its outlook for 2026, including a production forecast of "significantly over" 40,000 barrels of oil equivalent per day.Serica still expects to shift to the London stock exchange's main market from the AIM segment in the third quarter.