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Morgan Stanley Reaffirms Their Buy Rating on Devon Energy (DVN)

Tipranks - Tipranks - Sat Feb 21, 8:52AM CST

In a report released yesterday, Devin McDermott from Morgan Stanley maintained a Buy rating on Devon Energy, with a price target of $46.00.

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According to TipRanks, McDermott is a 5-star analyst with an average return of 11.2% and a 58.84% success rate. McDermott covers the Energy sector, focusing on stocks such as Devon Energy, Chevron, and Exxon Mobil.

In addition to Morgan Stanley, Devon Energy also received a Buy from Susquehanna’s Charles Minervino 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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