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

Tipranks - Wed Jul 22, 2:46PM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Devon Energy (DVN), APA (APA) and Diamondback (FANG).

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Devon Energy (DVN)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Devon Energy yesterday and set a price target of $60.00. The company’s shares closed last Tuesday at $44.10.

According to TipRanks.com, Sorbara is a 5-star analyst with an average return of 8.0% and a 56.1% success rate. Sorbara covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Comstock Resources, and Magnolia Oil & Gas. ;'>

Devon Energy has an analyst consensus of Strong Buy, with a price target consensus of $59.55, a 34.9% upside from current levels. In a report released today, Susquehanna also maintained a Buy rating on the stock with a $63.00 price target.

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APA (APA)

Wells Fargo analyst Sam Margolin assigned a Hold rating to APA today and set a price target of $39.00. The company’s shares closed last Tuesday at $35.62, close to its 52-week high of $36.05.

According to TipRanks.com, Margolin is a 5-star analyst with an average return of 14.5% and a 70.4% success rate. Margolin covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Tamboran Resources Corporation, and California Resources Corp. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for APA with a $39.61 average price target, which is a 13.0% upside from current levels. In a report issued on July 7, Barclays also maintained a Hold rating on the stock with a $41.00 price target.

Diamondback (FANG)

In a report released today, Josh Silverstein from UBS assigned a Buy rating to Diamondback, with a price target of $243.00. The company’s shares closed last Tuesday at $199.03.

According to TipRanks.com, Silverstein is a 5-star analyst with an average return of 10.2% and a 59.6% success rate. Silverstein covers the NA sector, focusing on stocks such as National Energy Services Reunited, Weatherford International, and California Resources Corp. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Diamondback with a $228.79 average price target, which is a 16.1% upside from current levels. In a report released yesterday, William Blair also maintained a Buy rating on the stock.

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