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Analysts Offer Insights on Energy Companies: Devon Energy (DVN) and Energy Transfer (ET)

Tipranks - Tipranks - Thu Aug 6, 3:34AM CDT

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

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Devon Energy (DVN)

In a report released today, Betty Jiang from Barclays maintained a Buy rating on Devon Energy, with a price target of $62.00. The company’s shares closed last Tuesday at $44.05.

According to TipRanks.com, Jiang is a 3-star analyst with an average return of 3.0% and a 48.4% success rate. Jiang covers the NA sector, focusing on stocks such as California Resources Corp, Occidental Petroleum, and Antero Resources. ;'>

Devon Energy has an analyst consensus of Strong Buy, with a price target consensus of $59.05, representing a 35.2% upside. 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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Energy Transfer (ET)

Jefferies analyst Julien Dumoulin Smith maintained a Buy rating on Energy Transfer today and set a price target of $24.00. The company’s shares closed last Tuesday at $20.33.

According to TipRanks.com, Smith is a 5-star analyst with an average return of 8.7% and a 61.1% success rate. Smith covers the Utilities sector, focusing on stocks such as American Electric Power, Hawaiian Electric, and CMS Energy. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Energy Transfer with a $24.57 average price target, which is a 19.5% upside from current levels. In a report issued on July 21, RBC Capital also maintained a Buy rating on the stock with a $23.00 price target.

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