Devon Energy Corporation (DVN) Receives ‘Analyst’ Rating

Devon Energy Corporation (DVN) has an average broker rating of 1.65, which is interpreted as a Buy, as rated by 23 equity analysts. Nonetheless, 15 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Devon Energy Corporation (DVN) : The consensus price target for Devon Energy Corporation (DVN) is $46.89 for the short term with a standard deviation of $10.16. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $64, however, the pessimist price target for the company is $30.


Also, Raymond James downgrades their rating on the shares of Devon Energy Corporation (NYSE:DVN). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on September 6, 2016.

Devon Energy Corporation (NYSE:DVN): After opening at $40.39, the stock dipped to an intraday low of $40.26 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $41.25 and the buying power remained strong till the end. The stock closed at $40.9 for the day, a gain of 1.79% for the day session. The total traded volume was 4,484,611. The stocks close on the previous trading day was $40.18.

Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Companys operations are concentrated in various North American onshore areas in the United States and Canada. Devon has approximately 689 Million Barrels of Oil Equivalent (MMBoe) of proved undeveloped reserves. The Company operates through three segments: U.S., Canada and EnLink. The Companys projects in North America include Anadarko Basin, Barnett Shale, Mississippian-Woodford Trend, Permian Basin, Rockies and Canadian Heavy Oil. EnLinks operations consist of midstream assets and operations located across the United States. In Canada, the company has two main projects, Jackfish and Pike, located in Alberta, Canada. In addition, its Lloydminster properties are located to the south and east of Jackfish in eastern Alberta.

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