On Nov 08, major Wall Street analysts update their ratings for $Devon Energy (DVN.US)$, with price targets ranging from $43 to $50.
J.P. Morgan analyst Arun Jayaram maintains with a buy rating, and adjusts the target price from $54 to $47.
Wells Fargo analyst Roger Read maintains with a buy rating, and maintains the target price at $49.
RBC Capital analyst Scott Hanold maintains with a hold rating, and maintains the target price at $50.
Truist Financial analyst Neal Dingmann downgrades to a hold rating, and sets the target price at $43.
Furthermore, according to the comprehensive report, the opinions of $Devon Energy (DVN.US)$'s main analysts recently are as follows:
Devon Energy is recognized for delivering solid results for the third quarter along with a promising guide for the fourth. While investor sentiment might be tepid, possibly due to the initial outlook for 2025 and questions surrounding Permian inventory depth, it is anticipated that Devon will maintain robust capital efficiency in 2025, with potential increases in oil volumes.
Here are the latest investment ratings and price targets for $Devon Energy (DVN.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
