Subash Chandra, analyst at Northland Securities, reiterates coverage on Devon Energy (DVN) in the Utilities sector with a Buy rating. TipRanks.com has Chandra rated as a 5 star analyst with a 12.00% return on investment and a 52.00% success rate. Chandra has set a price target of $34.00 .
TipRanks.com reports that DVN currently has 14 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $32.77 . The target pricing ranges from a high forecast of $40.00 down to a low forecast of $28.00 .
DVN’s last closing price was $29.06 which would put the average price target at 12.77% upside.
In addition, TradingView issued a Buy rating for DVN over the next month.
Remember, securities are volatile, so please do your own research on DVN.
Other analysts covering DVN include:
- Scott Hanold of Barclays issued a hold with the price target of $35 on June 9th
- Jeanine Wai of Barclays issued a hold with the price target of $35 on June 2nd
- John Freeman of Raymond James issued a buy rate with the price target of $40 on May 31st
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