Barclays analyst Betty Jiang maintains $Devon Energy (DVN.US)$ with a hold rating, and maintains the target price at $46.
According to TipRanks data, the analyst has a success rate of 40.8% and a total average return of -1.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Devon Energy (DVN.US)$'s main analysts recently are as follows:
Estimates for the integrated oil and exploration and production sector have been adjusted to reflect a decrease in oil price forecasts for the years 2025 and 2026. Despite the recent pullback in the sector, it is noted that the potential for positive outcomes is strong given that company fundamentals and operational momentum are considered to be robust.
Following the completion of the Grayson Mill acquisition, Devon Energy's Bakken position has been enhanced, which is expected to contribute positively to the generation of free cash flow as development activities are refined. Investors continue to closely monitor the Delaware for its longevity, and results from this pivotal play, noting that the increased scale in the Bakken region is a favorable development.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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