This Is What Whales Are Betting On Devon Energy
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Devon Energy (NYSE:DVN) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is 76% bullish and 23% bearish. The whales have been targeting a price range from $40.0 to $57.5 for Devon Energy over the last 3 months. The price of DVN is currently down -3.68% at $49.23. Citigroup, RBC Capital, and Mizuho have given price targets of $57, $60, and $65 respectively.
July 14, 2023 | 5:16 pm
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A large investor has taken a bullish stance on Devon Energy, with a target price range of $40-$57.5. The current price is down -3.68% at $49.23.
The bullish stance taken by a large investor indicates a positive outlook for Devon Energy. The target price range of $40-$57.5 suggests potential for growth. However, the current price is down, which may present a buying opportunity. The price targets given by Citigroup, RBC Capital, and Mizuho further support the bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100