What Analysts Are Saying About Devon Energy Stock
Portfolio Pulse from Benzinga Insights
Devon Energy (NYSE:DVN) received mixed analyst ratings with a recent average price target of $57.88, a slight decline from the previous target. Analyst actions varied, with some raising and others lowering their price targets. Devon Energy, a major North American exploration and production company, faces challenges in revenue growth and net margin but excels in ROE and ROA. Its debt-to-equity ratio indicates higher financial risk.
March 28, 2024 | 7:00 pm
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NEUTRAL IMPACT
Devon Energy received mixed reviews from analysts, with a recent average price target of $57.88, indicating a slight decline in expectations. The company's financial performance shows challenges in revenue growth and net margin but strong ROE and ROA.
The mixed analyst ratings and the slight decline in the average price target suggest uncertainty about Devon Energy's short-term stock performance. However, the company's strong ROE and ROA could counterbalance concerns about its revenue growth and net margin, leading to a neutral impact on the stock price in the short term. The higher debt-to-equity ratio is a risk factor that investors should monitor.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100