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Siebert Williams Shank & Co Keeps Their Buy Rating on Devon Energy (DVN)

Tipranks - Tipranks - Thu Feb 19, 5:56AM CST

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Devon Energy today and set a price target of $55.00.

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Sorbara covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Ovintiv. According to TipRanks, Sorbara has an average return of 15.1% and a 63.49% success rate on recommended stocks.

In addition to Siebert Williams Shank & Co, Devon Energy also received a Buy from William Blair’s Neal Dingmann in a report issued yesterday. However, on February 2, RBC Capital maintained a Hold rating on Devon Energy (NYSE: DVN).

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Based on Devon Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.25 billion and a net profit of $687 million. In comparison, last year the company earned a revenue of $4.13 billion and had a net profit of $812 million

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