# Devon Energy Corporation – Consensus ‘buy’ rating and 21.9% Upside Potential

- Link: https://www.directorstalkinterviews.com/devon-energy-corporation-consensus-buy-rating-and-21.9-upside-potential/4121127847
- Published: 2023-09-20T13:30:18+01:00
- Author: Charlotte Edwards

**Devon Energy Corporation** with ticker code (DVN) have now 25 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 79 and 50 suggesting
an average Analsyt target price of $60.32. Now with the previous closing price of
$49.50 this would imply there is now a potential upside of 21.9%. There is a 50 
day moving average of $50.98 while the 200 day moving average is $53.75. The company
has a market capitalization of 31.39B. The current share price for the company is:
48.99 USD

 The potential market cap would be $38,248,845,962 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 6.69, 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.

Share on: