18 Jul

Devon Energy: Wall Street Ratings ahead of Q2 2018 Earnings

WRITTEN BY Nicholas Chapman

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.

Devon Energy: Wall Street Ratings ahead of Q2 2018 Earnings

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%.

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