Barclays analyst Betty Jiang maintained a Hold rating on Devon Energy (DVN – Research Report) today and set a price target of $59.00. The company’s shares closed yesterday at $52.57.
Jiang covers the Energy sector, focusing on stocks such as APA, Coterra Energy, and Conocophillips. According to TipRanks, Jiang has an average return of -2.3% and a 38.79% success rate on recommended stocks.
In addition to Barclays, Devon Energy also received a Hold from Jefferies’s Lloyd Byrne in a report issued on April 15. However, yesterday, Stifel Nicolaus maintained a Buy rating on Devon Energy (NYSE: DVN).
DVN market cap is currently $33.38B and has a P/E ratio of 9.01.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DVN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on DVN:
- Devon Energy price target raised to $69 from $66 at Truist
- Devon Energy price target raised to $65 from $52 at Susquehanna
- Devon Energy price target raised to $60 from $59 at Piper Sandler
- Devon Energy price target raised to $60 from $59 at Wells Fargo
- Devon Energy price target raised to $67 from $53 at Scotiabank
