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Devon Energy (DVN) Gets a Buy from Piper Sandler

Tipranks - Tipranks - Fri Mar 6, 7:02AM CST

Piper Sandler analyst Mark Lear maintained a Buy rating on Devon Energy today and set a price target of $59.00.

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Lear covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Occidental Petroleum. According to TipRanks, Lear has an average return of 5.1% and a 57.45% success rate on recommended stocks.

In addition to Piper Sandler, Devon Energy also received a Buy from UBS’s Josh Silverstein in a report issued today. However, on February 23, 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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