Devon Energy Corp (NYSE:DVN) has been downgraded to Hold in a statement by Societe Generale earlier today.
- Updated: November 30, 2016
Having a price of $48.33, Devon Energy Corp (NYSE:DVN) traded 14.63% higher on the day. With the last stock price up 20.87% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. DVN has recorded a 50-day average of $42.36 and a two hundred day average of $39.99. Trade Volume was up over the average, with 17,266,499 shares of DVN changing hands over the typical 5,618,350
Societe Generale has downgraded Devon Energy Corp (NYSE:DVN) to Hold in a statement released on 11/30/2016.
On 3/08/2016, Iberia Capital released a statement about Devon Energy Corp (NYSE:DVN) dropped the target price from $45.00 to $30.00 that suggested an upside of 0.24%.
Recent Performance Chart
Devon Energy Corp has with a one year low of $18.07 and a one year high of $48.71 and has a market capitalization of $0.
A total of 36 brokerages have issued a ratings update on Devon Energy Corp. Nine brokerages rating the company a strong buy, nineteen brokerages rating the company a buy, nine brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $40.51.
General Company Details For 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, the Company holds interest in Jackfish and Pike.
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