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Analysts at Robert W. Baird hoisted their price objective on shares of Devon Energy Corp. (NYSE:DVN) from $73.00 to $74.00 in a research report issued to clients and investors on Friday, American Banking and Market News reports. Robert W. Baird’s target price points to a potential upside of 14.62% from the stock’s previous close.

A number of other analysts have also recently weighed in on DVN. 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. Separately, 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. Finally, analysts at Cowen and Company initiated coverage on shares of Devon Energy Corp. in a research note on Monday, January 27th. They set an “outperform” rating on the stock. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $72.33.

Devon Energy Corp. (NYSE:DVN) traded down 1.38% during mid-day trading on Friday, hitting $63.67. 4,596,629 shares of the company’s stock traded hands. Devon Energy Corp. has a 1-year low of $50.81 and a 1-year 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 released its earnings data on Wednesday, February 19th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Devon Energy Corp. will post $5.91 EPS 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).

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