16 Analysts Have This to Say About Devon Energy
Portfolio Pulse from Benzinga Insights
In the last quarter, 16 analysts have provided ratings for Devon Energy (NYSE:DVN), with 5 bullish, 3 somewhat bullish, and 8 indifferent. There were no somewhat bearish or bearish ratings. The average 12-month price target for DVN is $56.62, which is a 3.94% decrease from the previous target of $58.94. The ratings suggest a generally positive outlook from analysts, despite the lowered price target.
December 06, 2023 | 3:00 pm
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POSITIVE IMPACT
Devon Energy received mostly positive ratings from analysts, with an average price target of $56.62, representing a slight decrease from the previous target. The overall positive sentiment may support the stock price in the short term.
The majority of analysts have a bullish or somewhat bullish view on DVN, which can be a positive signal to investors and potentially lead to a short-term increase in stock price. However, the decrease in the average price target might temper some of the positive sentiment, which is why the importance is not set at the maximum.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100