Evercore ISI analyst Stephen Richardson initiated coverage with a Hold rating on Devon Energy (DVN) today and set a price target of $30.00. The company’s shares closed last Monday at $24.17.
According to TipRanks.com, Richardson is a 1-star analyst with an average return of -2.1% and a 44.4% success rate. Richardson covers the Basic Materials sector, focusing on stocks such as Canadian Natural, Concho Resources, and Antero Resources.
Currently, the analyst consensus on Devon Energy is a Moderate Buy with an average price target of $30.50, a 27.6% upside from current levels. In a report issued on December 6, Barclays also maintained a Hold rating on the stock with a $31.00 price target.
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The company has a one-year high of $35.39 and a one-year low of $19.72. Currently, Devon Energy has an average volume of 6.39M.
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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.
