This Is What Whales Are Betting On Devon Energy
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Devon Energy (NYSE:DVN), with 63% of investors opening trades with bullish expectations and 36% with bearish. The whale has 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 -0.48% at $49.44. Mizuho, Stifel, and Wells Fargo have maintained their Buy and Equal-Weight ratings on Devon Energy, with price targets of $62, $79, and $51 respectively.
September 18, 2023 | 6:45 pm
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Whale investor has taken a bullish stance on Devon Energy, targeting a price range from $40.0 to $57.5. The price of DVN is currently down -0.48% at $49.44. Analysts maintain positive ratings.
The bullish stance of a whale investor, along with the maintained positive ratings from analysts, indicate a potential upward movement for Devon Energy's stock in the short term. However, the current price is down, which may create a buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100