# Devon Energy Corporation – Consensus ‘buy’ rating and 22.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/devon-energy-corporation-consensus-buy-rating-and-22.3-upside-potential/4121132315
- Published: 2023-11-09T13:55:11+00:00
- Author: Charlotte Edwards

**Devon Energy Corporation** with ticker code (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 $74.50 and $44.33 
suggesting an average Analsyt target price of $55.39. Given that the stocks previous
close was at $45.29 this now indicates there is a potential upside of 22.3%. It’s
also worth noting that there is a 50 day moving average of $48.17 and the 200 day
moving average is $50.94. The market cap for the company is 28.31B. The current 
share price for the company is: $44.18 USD

 The potential market cap would be $34,618,599,384 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 7.53, revenue per share of $23.27
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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