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Analysts Offer Insights on Energy Companies: Baker Hughes Company (BKR) and Devon Energy (DVN)

Tipranks - Tipranks - Tue Jul 28, 9:42AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Baker Hughes Company (BKR) and Devon Energy (DVN) with bullish sentiments.

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Baker Hughes Company (BKR)

In a report released today, Lloyd Byrne from Jefferies maintained a Buy rating on Baker Hughes Company, with a price target of $80.00. The company’s shares closed last Monday at $62.03.

According to TipRanks.com, Byrne is a 5-star analyst with an average return of 18.4% and a 57.9% success rate. Byrne covers the NA sector, focusing on stocks such as Flowco Holdings Inc Class A, Kodiak Gas Services, Inc., and Marathon Petroleum. ;'>

Currently, the analyst consensus on Baker Hughes Company is a Strong Buy with an average price target of $73.67, representing a 21.5% upside. In a report issued on July 14, Piper Sandler also maintained a Buy rating on the stock with a $71.00 price target.

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Devon Energy (DVN)

In a report released today, Gabriel Daoud from Truist Financial maintained a Buy rating on Devon Energy. The company’s shares closed last Monday at $43.93.

According to TipRanks.com, Daoud has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -9.7% and a 42.3% success rate. Daoud covers the NA sector, focusing on stocks such as Enterprise Products Partners, Riley Exploration Permian, and Mach Natural Resources LP. ;'>

Devon Energy has an analyst consensus of Strong Buy, with a price target consensus of $59.11, implying a 34.8% upside from current levels. In a report issued on July 25, TipRanks – DeepSeek also upgraded the stock to Buy with a $50.00 price target.

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