Barclays analyst Jeanine Wai maintained a Hold rating on Devon Energy Corp (DVN) on June 3 and set a price target of $37. The company’s shares opened today at $25.64.
According to TipRanks.com, Wai ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -11.5% and a 18.4% success rate. Wai covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Continental Resources, and Concho Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Devon Energy Corp with a $40.20 average price target, representing a 56.8% upside. In a report issued on May 31, MUFG Securities Americas Inc also maintained a Hold rating on the stock with a $38 price target.
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Based on Devon Energy Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.21 billion and GAAP net loss of $317 million. In comparison, last year the company earned revenue of $3.85 billion and had a GAAP net loss of $197 million.
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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.
