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Seaport Global Securities downgraded Devon Energy Corp (NYSE:DVN) to Neutral in a report released today.

Yesterday Devon Energy Corp (NYSE:DVN) traded -0.74% lower at $31.05. The company’s 50-day moving average is $31.89 and its 200-day moving average is $35.54. The last stock close price is down -5.32% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 4,709,395 shares of the stock traded hands, down from an average volume of 4,940,050

Seaport Global Securities has downgraded Devon Energy Corp (NYSE:DVN) to Neutral in a report released on 6/21/2017.

Performance Chart

Devon Energy Corp (NYSE:DVN)

With a total market value of $0, Devon Energy Corp has price-earnings ratio of 7.61 with a one year low of $28.79 and a one year high of $50.69 .

A total of 36 analysts have released a report on Devon Energy Corp. Nine analysts rating the company a strong buy, nineteen analysts rating the company a buy, nine analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $40.51.

More About Devon Energy Corp (NYSE:DVN)

Devon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company's segments include U.S., Canada and EnLink. The Company is engaged primarily 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's U.S. and Canada segments are primarily engaged in oil and gas exploration and production activities. EnLink is a master limited partnership (MLP) with a midstream business and operations located across the United States. EnLink focuses on providing gathering, transmission, processing, storage, fractionation and marketing to upstream oil and natural gas producers. The Company's properties include Barnett Shale, Delaware Basin, Eagle Ford, Heavy Oil, Rockies Oil and STACK.

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