Zacks Rating on Devon Energy Corporation (DVN)

Devon Energy Corporation (DVN) : 22 analysts are covering Devon Energy Corporation (DVN) and their average rating on the stock is 1.64, which is read as a Buy. 14 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Devon Energy Corporation (DVN) also receives 4 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Devon Energy Corporation (DVN) stock is expected to deviate a maximum of $10.02 from the average target price of $45.68 for the short term period. 19 Street Experts have initiated coverage on the stock with the most promising target being $65 and the most muted being $30.


Shares of Devon Energy Corporation rose by 6.5% in the last five trading days and 25.36% for the last 4 weeks. Devon Energy Corporation is up 31.36% in the last 3-month period. Year-to-Date the stock performance stands at 43.11%. Devon Energy Corporation (NYSE:DVN): stock turned positive on Tuesday. Though the stock opened at $43.71, the bulls momentum made the stock top out at $45.45 level for the day. The stock recorded a low of $43.71 and closed the trading day at $45.23, in the green by 2.56%. The total traded volume for the day was 5,730,883. The stock had closed at $44.1 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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