Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Chesapeake Energy (CHK – Research Report), Cenovus Energy (CVE – Research Report) and Devon Energy (DVN – Research Report).
Chesapeake Energy (CHK)
In a report released today, Subash Chandra from Benchmark Co. maintained a Buy rating on Chesapeake Energy, with a price target of $93.00. The company’s shares closed last Thursday at $79.62.
According to TipRanks.com, Chandra is a 4-star analyst with an average return of
Chesapeake Energy has an analyst consensus of Moderate Buy, with a price target consensus of $99.38, implying a 24.3% upside from current levels. In a report released today, BMO Capital also maintained a Buy rating on the stock with a $85.00 price target.
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Cenovus Energy (CVE)
In a report released today, Jason Bouvier from Scotiabank maintained a Buy rating on Cenovus Energy, with a price target of C$31.00. The company’s shares closed last Thursday at $15.89, close to its 52-week low of $14.97.
According to TipRanks.com, Bouvier is a 5-star analyst with an average return of
Cenovus Energy has an analyst consensus of Strong Buy, with a price target consensus of $23.71, a 45.9% upside from current levels. In a report issued on January 2, RBC Capital also maintained a Buy rating on the stock with a C$30.00 price target.
Devon Energy (DVN)
In a report released yesterday, Scott Hanold from RBC Capital maintained a Hold rating on Devon Energy, with a price target of $55.00. The company’s shares closed last Thursday at $43.59, close to its 52-week low of $42.59.
According to TipRanks.com, Hanold is ranked #54 out of 8665 analysts.
Currently, the analyst consensus on Devon Energy is a Moderate Buy with an average price target of $56.71.
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Read More on CHK:
- M & A News: Chesapeake Energy (NASDAQ:CHK) Will Acquire Southwestern Energy for $7.4B
- Chesapeake, Southwestern Energy merge in $7.4B an all-stock transaction
- CHESAPEAKE ENERGY CORPORATION AND SOUTHWESTERN ENERGY TO COMBINE TO ACCELERATE AMERICA’S ENERGY REACH
- Chesapeake price target lowered to $106 from $112 at Truist
- M & A News: Chesapeake, Southwestern Near $17B Merger
