# Devon Energy Corporation – Consensus ‘buy’ rating and 14.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/devon-energy-corporation-consensus-buy-rating-and-14.5-upside-potential/4121134811
- Published: 2023-12-01T13:58:10+00:00
- Author: Charlotte Edwards

**Devon Energy Corporation** which can be found using ticker (DVN) now have 26 market
analysts covering the stock. The analyst consensus now points to a rating of ‘buy’.
The range between the high target price and low target price is between $69.96 and
$42.70 calculating the average target price we see $51.37. Given that the stocks
previous close was at $44.88 and the analysts are correct then there would likely
be a percentage uptick in value of 14.5%. The 50 day MA is $46.38 while the 200 
day moving average is $49.63. The market capitalization for the company is 28.81B.
The stock price is currently at: $44.97 USD

 The potential market cap would be $32,978,763,791 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 7.66, revenue per share of $23.26
and a 12.97% return on assets.

Devon Energy Corporation is an independent energy company. The Company is engaged
primarily in the exploration, development and production of oil, natural gas and
natural gas and natural gas liquids. The Company’s oil and gas properties include
the Delaware Basin, Anadarko Basin, Williston Basin, Eagle Ford, and Powder River
Basin. The Delaware Basin operates approximately 16 rigs that offer exploration 
and development opportunities from geologic reservoirs, including the Wolfcamp, 
Bone Spring, Avalon, and Delaware formations. The Company’s Anadarko Basin is located
primarily in Oklahoma’s Canadian, Kingfisher and Blaine counties. It operates approximately
four rig programs associated with this joint venture. The Williston Basin is located
on the Fort Berthold Indian Reservation in North Dakota, and its operations are 
focused on the oil-prone Bakken and Three Forks formations. The Eagle Ford operations
are located in Texas DeWitt and Karnes counties.

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