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Analysts Conflicted on These Energy Names: APA (APA) and Devon Energy (DVN)

Tipranks - Tipranks - Thu Jun 11, 7:24AM CDT

Analysts have been eager to weigh in on the Energy sector with new ratings on APA (APA) and Devon Energy (DVN).

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APA (APA)

Roth MKM analyst Leo Mariani maintained a Hold rating on APA today and set a price target of $37.00. The company’s shares closed last Tuesday at $36.61.

According to TipRanks.com, Mariani is a top 25 analyst with an average return of 34.8% and a 71.2% success rate. Mariani covers the NA sector, focusing on stocks such as Tamboran Resources Corporation, California Resources Corp, and Prairie Operating Co. ;'>

Currently, the analyst consensus on APA is a Hold with an average price target of $40.78, implying a 9.9% upside from current levels. In a report issued on May 26, Barclays also assigned a Hold rating to the stock with a $41.00 price target.

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Devon Energy (DVN)

In a report released today, Gabriel Daoud from Truist Financial maintained a Buy rating on Devon Energy. The company’s shares closed last Tuesday at $44.07.

According to TipRanks.com, Daoud has 0 stars on 0-5 stars ranking scale with an average return of -12.4% and a 34.1% success rate. Daoud covers the NA sector, focusing on stocks such as Enterprise Products Partners, Riley Exploration Permian, and Mach Natural Resources LP. ;'>

Devon Energy has an analyst consensus of Strong Buy, with a price target consensus of $61.53, which is a 37.4% upside from current levels. In a report issued on June 8, J.P. Morgan also initiated coverage with a Buy rating on the stock with a $62.00 price target.

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