Devon Energy Corporation (DVN) Shares are Up 0.23%

Devon Energy Corporation (DVN) : Traders are bullish on Devon Energy Corporation (DVN) as it has outperformed the S&P 500 by a wide margin of 16.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.89%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.23% in the last 1 week, and is up 16.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 7.82% and the fifty day Moving Average is 14.59%. Devon Energy Corporation is up 23.97% in the last three month period. Year-to-Date the stock performance stands at 40.58%.

Devon Energy Corporation (DVN) : The highest level Devon Energy Corporation (DVN) is projected to reach is $61 for the short term and the lowest estimate is at $30. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $46.11 and the possibility the share price can swing is $9.78.


Devon Energy Corporation (NYSE:DVN): stock turned positive on Friday. Though the stock opened at $44.58, the bulls momentum made the stock top out at $45.225 level for the day. The stock recorded a low of $44.1 and closed the trading day at $44.43, in the green by 0.11%. The total traded volume for the day was 4,760,459. The stock had closed at $44.38 in the previous days trading.

Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Companys operations are concentrated in various North American onshore areas in the United States and Canada. Devon has approximately 689 Million Barrels of Oil Equivalent (MMBoe) of proved undeveloped reserves. The Company operates through three segments: U.S., Canada and EnLink. The Companys projects in North America include Anadarko Basin, Barnett Shale, Mississippian-Woodford Trend, Permian Basin, Rockies and Canadian Heavy Oil. EnLinks operations consist of midstream assets and operations located across the United States. In Canada, the company has two main projects, Jackfish and Pike, located in Alberta, Canada. In addition, its Lloydminster properties are located to the south and east of Jackfish in eastern Alberta.

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