Deep Dive Into Devon Energy Stock: Analyst Perspectives (8 Ratings)
Portfolio Pulse from Benzinga Insights
Devon Energy (NYSE:DVN) has received mixed analyst ratings over the past quarter, with a total of 8 analysts offering opinions ranging from bullish to bearish. The average 12-month price target is $55.88, a decrease from the previous $58.00. Analyst actions include maintaining, lowering, and raising ratings and price targets, reflecting varied perceptions of the company's market position. Devon Energy, a major exploration and production company in North America, has shown a negative revenue trend with a -3.58% growth, a below-industry net margin, but impressive ROE and ROA figures. The company's debt-to-equity ratio is higher than the industry average.
March 07, 2024 | 4:01 pm
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Devon Energy has received a mix of analyst ratings, with an average 12-month price target of $55.88, indicating a slight downward revision. The company faces revenue challenges but has strong ROE and ROA, alongside a concerning debt-to-equity ratio.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on DVN's stock price. The company's strong ROE and ROA may counterbalance concerns about its revenue decline and high debt-to-equity ratio, leading to a neutral outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100