# Devon Energy Corporation  Share Price Target ‘$57.67’, now 39.0% Upside Potential

- Link: https://www.directorstalkinterviews.com/devon-energy-corporation-share-price-target-57.67-now-39.0-upside-potential/4121167461
- Published: 2024-08-07T14:31:09+01:00
- Author: Charlotte Edwards

**Devon Energy Corporation** which can be found using ticker (DVN) have now 25 confirmed
analysts covering the stock with the consensus suggesting a rating of ‘buy’. The
range between the high target price and low target price is between $68.00 and $
43.00 with the average share target price sitting at $57.67. (at the time of writing).
Given that the stocks previous close was at $41.48 this would indicate that there
is a potential upside of 39.0%. It’s also worth noting that there is a 50 day moving
average of $46.62 and the 200 day moving average is $46.62. The company has a market
capitalization of 26.35B. The current share price for the company is: $41.98 USD

 The potential market cap would be $36,628,332,983 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 8, revenue per share of $23.66 and
a 11.97% 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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