# Devon Energy Corporation  Share Price Target ‘$58.15’, now 18.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/devon-energy-corporation-share-price-target-58.15-now-18.5-upside-potential/4121159159
- Published: 2024-06-04T13:25:57+01:00
- Author: Charlotte Edwards

**Devon Energy Corporation** with ticker code (DVN) have now 25 analysts in total
covering the stock. The consensus rating is pointing to ‘buy’. The range between
the high target price and low target price is between $68.00 and $47.00 suggesting
an average analyst share price target price of $58.15. (at the time of writing).
Given that the stocks previous close was at $49.08 and the analysts are correct 
then there would likely be a percentage uptick in value of 18.5%. Also worth taking
note is the 50 day moving average now sits at $50.81 and the 200 moving average 
now moves to $47.17. The total market capitalization for the company now stands 
at 29.75B. The stock price for the company is currently is currently $47.08 USD

 The potential market cap would be $35,253,212,995 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 8.97, revenue per share of $22.69
and a 11.49% 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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