Devon Energy Corp (DVN) Receives a Hold from Mizuho Securities


Mizuho Securities analyst Paul Sankey reiterated a Hold rating on Devon Energy Corp (DVN) yesterday and set a price target of $31. The company’s shares opened today at $26.96, close to its 52-week low of $25.87.

According to TipRanks.com, Sankey is a 1-star analyst with an average return of -3.1% and a 37.5% success rate. Sankey covers the Basic Materials sector, focusing on stocks such as Occidental Petroleum, Anadarko Petroleum, and Valero Energy Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Devon Energy Corp with a $46.04 average price target, which is a 70.8% upside from current levels. In a report issued on November 20, Morgan Stanley also maintained a Hold rating on the stock with a $39 price target.

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Devon Energy Corp’s market cap is currently $12.71B and has a P/E ratio of 6.22. The company has a Price to Book ratio of 1.43.

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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.

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