Analysts Offer Insights on Energy Companies: Devon Energy (DVN) and DT Midstream (DTM)
There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Devon Energy (DVN – Research Report) and DT Midstream (DTM – Research Report) with bullish sentiments.
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Devon Energy (DVN)
In a report released today, Hanwen Chang from Wells Fargo maintained a Buy rating on Devon Energy, with a price target of $51.00. The company’s shares closed last Thursday at $46.19.
According to TipRanks.com, Chang is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Devon Energy with a $49.12 average price target, which is a 7.5% upside from current levels. In a report issued on February 27, Siebert Williams Shank & Co also maintained a Buy rating on the stock with a $55.00 price target.
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DT Midstream (DTM)
In a report released today, Michael Blum from Wells Fargo maintained a Buy rating on DT Midstream, with a price target of $165.00. The company’s shares closed last Thursday at $135.64.
According to TipRanks.com, Blum is a 5-star analyst with an average return of
DT Midstream has an analyst consensus of Moderate Buy, with a price target consensus of $146.40, which is a 5.7% upside from current levels. In a report issued on March 4, Bank of America Securities also reiterated a Buy rating on the stock with a $155.00 price target.
