Devon Energy (DVN) Gets a Hold Rating from Evercore ISI
In a report released today, Stephen Richardson from Evercore ISI maintained a Hold rating on Devon Energy (DVN), with a price target of $30.00. The company’s shares closed last Monday at $22.16, close to its 52-week low of $19.72.
According to TipRanks.com, Richardson is a 1-star analyst with an average return of -3.4% and a 39.6% success rate. Richardson covers the Basic Materials sector, focusing on stocks such as Concho Resources, Antero Resources, and Murphy Oil.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Devon Energy with a $32.30 average price target.
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Devon Energy’s market cap is currently $8.58B and has a P/E ratio of 6.92. The company has a Price to Book ratio of 1.31.
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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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