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Piper Sandler Sticks to Its Buy Rating for Devon Energy (DVN)

Tipranks - Tipranks - Thu Feb 19, 6:29AM CST

In a report released today, Mark Lear from Piper Sandler maintained a Buy rating on Devon Energy, with a price target of $55.00.

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According to TipRanks, Lear is a 4-star analyst with an average return of 5.0% and a 57.86% success rate. Lear covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Murphy Oil.

In addition to Piper Sandler, Devon Energy also received a Buy from Siebert Williams Shank & Co’s Gabriele Sorbara in a report issued today. However, on the same day, Scotiabank 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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