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Susquehanna Keeps Their Buy Rating on Devon Energy (DVN)

Tipranks - Tipranks - Sat Feb 21, 7:00AM CST

In a report released today, Charles Minervino from Susquehanna maintained a Buy rating on Devon Energy, with a price target of $52.00.

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Minervino covers the Energy sector, focusing on stocks such as Halliburton, Helmerich & Payne, and Baker Hughes Company. According to TipRanks, Minervino has an average return of 14.6% and a 63.33% success rate on recommended stocks.

In addition to Susquehanna, Devon Energy also received a Buy from Wells Fargo’s Hanwen Chang in a report issued today. 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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