Shares of Devon Energy (NYSE: DVN) fell 12.6% in September, according to data provided by S&P Global Market Intelligence. The culprit was lower oil prices. That offset the positive effect of closing a needle-moving acquisition.

Devon Energy saw record oil production in Q2, strong profitability, robust balance sheet, and a potential dividend reduction, but an attractive yield. Learn more on DVN stock here.

If the Truist analyst is correct, Devon is an attractive stock, especially for income-seeking investors. For example, on the second-quarter earnings call, management argued that with a price of oil of $70, its free cash flow yield ( FCF) would be around 9% in 2024, based on the stock price of around $42.80.

Shares of Devon Energy Corp. DVN slipped 0.44% to $40.79 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.09% to 42,

Devon Energy (DVN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.