Unveiling 16 Analyst Insights On Devon Energy
Portfolio Pulse from Benzinga Insights
Devon Energy (NYSE:DVN) received mixed analyst ratings, with a decrease in average price target from $59.62 to $55.88. Analysts have adjusted their ratings and price targets, reflecting evolving market conditions and company performance. Devon Energy's financials show strong profitability and effective cost management, despite trailing industry peers in revenue growth.
September 30, 2024 | 3:01 pm
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Devon Energy's average price target has decreased by 6.27% to $55.88, with analysts showing mixed ratings. The company's financials indicate strong profitability but lagging revenue growth compared to peers.
The decrease in average price target and mixed analyst ratings suggest a potential short-term negative impact on Devon Energy's stock price. Despite strong profitability, the company's revenue growth lags behind industry peers, which may concern investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100