Devon Energy Corp. Price Target Raised to $82.00 at FBR Capital Markets (DVN)
Analysts at FBR Capital Markets upped their price objective on shares of Devon Energy Corp. (NYSE:DVN) from $77.00 to $82.00 in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price objective would suggest a potential upside of 27.01% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Devon Energy Corp. from $73.00 to $74.00 in a research note on Friday. Separately, analysts at Howard Weil raised their price target on shares of Devon Energy Corp. from $70.00 to $76.00 in a research note on Thursday. They now have a “sector outperform” rating on the stock. Finally, analysts at Credit Suisse upgraded shares of Devon Energy Corp. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 4th. They now have a $76.00 price target on the stock, up previously from $73.00. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $72.33.
Devon Energy Corp. (NYSE:DVN) traded down 1.38% on Friday, hitting $63.67. 4,596,629 shares of the company’s stock traded hands. Devon Energy Corp. has a 52 week low of $50.81 and a 52 week high of $66.92. The stock’s 50-day moving average is $60.54 and its 200-day moving average is $60.21. The company’s market cap is $25.850 billion.
Devon Energy Corp. (NYSE:DVN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.09 by $0.01. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.69 billion. On average, analysts predict that Devon Energy Corp. will post $5.91 earnings per share for the current fiscal year.
Devon Energy Corporation is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NYSE:DVN).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.