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Wells Fargo Sticks to Its Buy Rating for Devon Energy (DVN)

Tipranks - Tipranks - Sat Feb 21, 6:12AM CST

Wells Fargo analyst Hanwen Chang maintained a Buy rating on Devon Energy today and set a price target of $51.00.

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According to TipRanks, Chang is a 3-star analyst with an average return of 2.6% and a 53.61% success rate. Chang covers the Energy sector, focusing on stocks such as Devon Energy, Murphy Oil, and Magnolia Oil & Gas.

In addition to Wells Fargo, Devon Energy also received a Buy from Roth MKM’s Nicholas Pope in a report issued yesterday. However, on February 18, 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 December 31, the company reported a quarterly revenue of $3.94 billion and a net profit of $562 million. In comparison, last year the company earned a revenue of $4.2 billion and had a net profit of $639 million

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