Bernstein Sticks to Its Buy Rating for Devon Energy (DVN)
In a report released on February 27, Bob Brackett from Bernstein maintained a Buy rating on Devon Energy, with a price target of $42.00.
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Brackett covers the Energy sector, focusing on stocks such as Devon Energy, Exxon Mobil, and Diamondback. According to TipRanks, Brackett has an average return of 21.5% and a 65.57% success rate on recommended stocks.
In addition to Bernstein, Devon Energy also received a Buy from Siebert Williams Shank & Co’s Gabriele Sorbara in a report issued on February 27. However, on February 23, Scotiabank maintained a Hold rating on Devon Energy (NYSE: DVN).
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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