A statement released earlier today by Vetr Inc. about Devon Energy Corp (NYSE:DVN) bumps the target price to $45.44
- Updated: September 16, 2016
Devon Energy Corp (NYSE:DVN) had its price target increased to $45 by Vetr Inc. in a report issued 9/13/2016. The updated target price indicates a potential upside of 0.05% based on the company’s most recent closing price.
Previously on Monday September 12 2016, Vetr Inc. released a statement on Devon Energy Corp(NYSE:DVN) bumped the target price from $0.00 to $49.33. At the time, this suggested an upside of 0.14%.
Only yesterday Devon Energy Corp (NYSE:DVN) traded 0.22% higher at $43.30. Devon Energy Corp’s 50-day moving average is $42.08 and its two hundred day average is $35.01. With the last close up 17.07% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 5,589,633 shares of DVN traded hands, down from ann avg. trading volume of 7,016,640.
With a market capitalization of $0.0, Devon Energy Corp has a P/E of 0 with a 52 week low of $18.07 and a 52 week high of $48.68.
A total of 36 brokerages have released a ratings update on Devon Energy Corp. Nine firms rate the company a strong buy, 19 analysts rate the stock a buy, nine firms rate the company a hold, one analyst rate the stock to underperform, and lastly 0 firmsrate the stock as sell with a one year target of $40.51
About Devon Energy Corp (NYSE:DVN)
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 Company’s operations are concentrated in various North American onshore areas in the United States and Canada. The Company also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day. The Company operates through three segments: U.S., Canada and EnLink. Devon’s U.S. and Canadian segments are engaged in oil and gas exploration and production activities. EnLink’s operations consist of midstream assets and operations located across the United States. Its projects include Delaware Basin, STACK, Eagle Ford, Rockies Oil, Heavy Oil, Barnett Shale, and other assets, which are located in the Midland Basin, east Texas, Granite Wash and Mississippian-Lime areas. In addition, and the Company holds interest in Jackfish and Pike.
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