# Devon Energy Corporation – Consensus ‘buy’ rating and 19.0% Upside Potential

- Link: https://www.directorstalkinterviews.com/devon-energy-corporation-consensus-buy-rating-and-19.0-upside-potential/4121126266
- Published: 2023-08-30T13:28:53+01:00
- Author: Charlotte Edwards

**Devon Energy Corporation** which can be found using ticker (DVN) have now 26 analysts
in total covering the stock. The consensus rating is pointing to ‘buy’. The target
price High/Low ranges between 79 and 50 calculating the mean target price we have
$60.17. Given that the stocks previous close was at $50.57 and the analysts are 
correct then there would likely be a percentage uptick in value of 19.0%. There 
is a 50 day moving average of $50.09 and the 200 day MA is $55.01. The market capitalization
for the company is 32.55B. The stock price for the company is currently 50.73 USD

 The potential market cap would be $38,733,249,725 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 6.93, revenue per share of 24.86
and a 17.02% 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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