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Devon Energy (DVN) Gets a Buy from Susquehanna

Tipranks - Wed Jul 22, 5:10PM CDT

Susquehanna analyst Charles Minervino maintained a Buy rating on Devon Energy today and set a price target of $63.00.

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Minervino covers the Energy sector, focusing on stocks such as Baker Hughes Company, Devon Energy, and TechnipFMC. According to TipRanks, Minervino has an average return of 18.9% and a 63.73% success rate on recommended stocks.

In addition to Susquehanna, Devon Energy also received a Buy from William Blair’s Neal Dingmann in a report issued today. However, on July 8, RBC Capital maintained a Hold rating on Devon Energy (NYSE: DVN).

Based on Devon Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.81 billion and a net profit of $120 million. In comparison, last year the company earned a revenue of $4.45 billion and had a net profit of $494 million

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DVN in relation to earlier this year. Last month, Alexander Andrea, the SVP & CHIEF ADMIN OFFICER of DVN sold 18,000.00 shares for a total of $841,320.00.

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