In-Depth Examination Of 18 Analyst Recommendations For Devon Energy
Portfolio Pulse from Benzinga Insights
Devon Energy (NYSE:DVN) has been analyzed by 18 analysts, showing a range of opinions from bullish to bearish. The average 12-month price target has decreased by 9.67% to $52.39. Analysts have mostly lowered their ratings and price targets, reflecting a cautious outlook. Devon Energy's financial performance shows strong net margins and ROE, but revenue growth lags behind industry peers.
October 18, 2024 | 2:00 pm
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Devon Energy has received mixed analyst ratings with a decrease in the average 12-month price target by 9.67% to $52.39. Analysts have predominantly lowered their ratings and price targets, indicating a cautious outlook on the stock.
The majority of analysts have lowered their ratings and price targets for Devon Energy, reflecting a more cautious outlook. The decrease in the average price target suggests that analysts expect less upside potential in the short term. This sentiment is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100