Analyst recommendations for Devon Energy
As of July 17, Reuters reported 33 analysts with recommendations on DVN. Of these, ~28% say “strong buy,” ~36% say “buy”, and ~36% say “hold” for DVN. There’s no “sell” or “strong sell” recommendation on the stock.
DVN’s median target price
The median target price for Devon Energy is $50.00, which is ~13% higher than its July 17 closing price of $44.08. The highest target price for DVN is $61.00, and the lowest target price the stock is $30.00.
In the last three months, Devon Energy stock’s median target price increased from $45.00 to $50.00.
Other oil and gas producers
Based on the median price targets from Wall Street analysts, other oil and gas companies Range Resources (RRC) and Marathon Oil (MRO) have potential upsides of ~31% and ~17%, respectively, from their July 17 closing prices. Encana (ECA) has a potential upside of ~31%.