Citi analyst Scott Gruber maintains $Devon Energy (DVN.US)$ with a buy rating, and adjusts the target price from $62 to $48.
According to TipRanks data, the analyst has a success rate of 57.6% and a total average return of 12.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Devon Energy (DVN.US)$'s main analysts recently are as follows:
The revised model updates in the oil and gas exploration and production sector, following Q3 reports, indicate continued potential for efficiency enhancements, possible additional benefits from synergy realization, and initiatives to augment long-term gas monetization.
Energy & Production companies demonstrated robust third-quarter updates, showcasing capital efficiency improvements and prospective cost deflation as positive factors for 2025. Notably, most companies within this coverage are planning for minimal or no growth, with potential deferrals in gas activity until prices see further recovery.
Note:
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