November 21, 2024

Devon Energy (DVN) Gets a Hold from Barclays

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In a report released today, Betty Jiang from Barclays maintained a Hold rating on Devon Energy (DVN – Research Report), with a price target of $46.00. The company’s shares closed yesterday at $37.91.

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Jiang covers the Energy sector, focusing on stocks such as Diamondback, APA, and Conocophillips. According to TipRanks, Jiang has an average return of -1.1% and a 43.31% success rate on recommended stocks.

Devon Energy has an analyst consensus of Moderate Buy, with a price target consensus of $50.69, implying a 33.71% upside from current levels. In a report released on November 7, RBC Capital also maintained a Hold rating on the stock with a $50.00 price target.

DVN market cap is currently $25.27B and has a P/E ratio of 7.13.

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Devon Energy (DVN) Company Description:

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It operates through the following geographical segments: U.S., Canada, and EnLink. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Baarnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

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