In a report released yesterday, Neal Dingmann from Truist Financial maintained a Buy rating on Devon Energy (DVN – Research Report), with a price target of $67.00. The company’s shares closed yesterday at $50.56.
According to TipRanks, Dingmann is a top 25 analyst with an average return of 14.7% and a 74.04% success rate. Dingmann covers the Energy sector, focusing on stocks such as APA, Civitas Resources, and Devon Energy.
In addition to Truist Financial, Devon Energy also received a Buy from Scotiabank’s Paul Cheng in a report issued on May 6. However, on May 1, Jefferies maintained a Hold rating on Devon Energy (NYSE: DVN).
Based on Devon Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.15 billion and a net profit of $1.15 billion. In comparison, last year the company earned a revenue of $4.3 billion and had a net profit of $1.2 billion
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is neutral on the stock.
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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.
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