Siebert Williams Shank & Co Keeps Their Buy Rating on Devon Energy (DVN)
Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Devon Energy on March 6 and set a price target of $62.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Sorbara is a 5-star analyst with an average return of 17.0% and a 66.80% success rate. Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and CNX Resources.
In addition to Siebert Williams Shank & Co, Devon Energy also received a Buy from Piper Sandler’s Mark Lear in a report issued on March 5. 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
Read More on DVN:
Disclaimer & DisclosureReport an Issue
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 8
- Devon Energy price target raised to $59 from $55 at Piper Sandler
- Devon Energy price target raised to $55 from $50 at UBS
- Oil Prices Jump after Iran Claims Control of Strait of Hormuz — 3 Top Energy Stocks to Watch Now
- Unusually active option classes on open March 4th
