Streetbeat News

DVN

Devon Energy Corporation

https://www.devonenergy.com

Industry

Oil & Gas Exploration & Production

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.

Open

34.00

Mkt cap

22B

Volume

8.5M

High

34.25

P/E Ratio

6.27

52-wk high

55.09

Low

33.39

Div yield

0.04

52-wk low

33.39

Truist Securities analyst Neal Dingmann maintains a Buy rating on Devon Energy (DVN) and raises the price target from $66 to $69.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 4:34 pm

Susquehanna analyst Biju Perincheril maintains a Positive rating on Devon Energy (DVN) and raises the price target from $52 to $65.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:41 am

Piper Sandler analyst Mark Lear maintains an Overweight rating on Devon Energy (DVN) and raises the price target from $59 to $60.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:40 pm

Devon Energy (NYSE:DVN) has been evaluated by 15 analysts over the last three months, showing a diverse range of opinions. Recent updates indicate a shift towards more bullish sentiments, with an average 12-month price target set at $59.47, reflecting a 4.06% increase from the previous target. Analysts from firms like Morgan Stanley, Citigroup, and Barclays have adjusted their ratings and price targets, indicating a positive outlook on DVN's performance. Despite a slight decline in revenue growth and challenges in maintaining profitability, Devon Energy's strong ROE and ROA highlight its financial performance. The company's debt-to-equity ratio suggests a higher financial risk.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 6:00 pm

Morgan Stanley analyst Devin McDermott has maintained an Overweight rating on Devon Energy (NYSE:DVN) and increased the price target from $49 to $50.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 4:18 pm

Citigroup analyst Scott Gruber maintains a Buy rating on Devon Energy (DVN) and raises the price target from $55 to $62.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:25 pm

Scotiabank analyst Paul Cheng has maintained a Sector Outperform rating on Devon Energy (DVN) and increased the price target from $53 to $67.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:00 pm

UBS analyst Josh Silverstein maintains a Neutral rating on Devon Energy (DVN) and raises the price target from $48 to $57.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:20 pm

Barclays analyst Betty Jiang initiates coverage on Devon Energy (DVN) with an Equal-Weight rating and a price target of $59.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:41 pm

Significant bearish sentiment has been observed in the options market for Devon Energy (NYSE:DVN), with a notable volume of options trades indicating a price target range between $40.0 and $57.5. Despite this, expert analysts have issued positive ratings, with a consensus target price of $58.0. The company's current market performance shows a slight increase in stock price, with an upcoming earnings announcement in 22 days.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 2:16 pm

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