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RBC Capital Sticks to Their Hold Rating for Devon Energy (DVN)

Tipranks - Tipranks - Tue Feb 24, 7:48PM CST

RBC Capital analyst Scott Hanold maintained a Hold rating on Devon Energy on February 20 and set a price target of $46.00. The company’s shares closed yesterday at $44.39.

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Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Devon Energy, and Infinity Natural Resources, Inc. Class A. According to TipRanks, Hanold has an average return of 25.8% and a 69.79% success rate on recommended stocks.

Currently, the analyst consensus on Devon Energy is a Strong Buy with an average price target of $47.11, which is a 6.13% upside from current levels. In a report released yesterday, Scotiabank also maintained a Hold rating on the stock with a $41.00 price target.

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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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