Wall Street Thinks This Ultra-High-Yield Dividend Stock Down Nearly 30% This Year Is a Screaming Buy
John Lennon recorded a song in the 1970s titled "Nobody Loves You (When You're Down and Out)." But the late singer-songwriter's premise isn't necessarily true when applied to stocks.
I especially have one ultra-high-yield dividend stock in mind. It's down nearly 30% below the high set earlier this year. However, Wall Street thinks that it's a screaming buy.
Shares of independent oil and gas company Devon Energy (NYSE: DVN) have indeed plunged close to 30% below the peak from January 2023. Over the last year, the stock has fallen close to 40%.
Source Fool.com
