Analysts’ Opinions Are Mixed on These Energy Stocks: Pembina Pipeline (PBA) and Devon Energy (DVN)
Analysts have been eager to weigh in on the Energy sector with new ratings on Pembina Pipeline (PBA) and Devon Energy (DVN).
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Pembina Pipeline (PBA)
In a report released today, Praneeth Satish from Wells Fargo maintained a Sell rating on Pembina Pipeline, with a price target of C$55.00. The company’s shares closed last Friday at $48.99.
According to TipRanks.com, Satish is ranked #2364 out of 12240 analysts.
Currently, the analyst consensus on Pembina Pipeline is a Moderate Buy with an average price target of $47.59.
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Devon Energy (DVN)
In a report released today, Hanwen Chang from Wells Fargo assigned a Buy rating to Devon Energy, with a price target of $68.00. The company’s shares closed last Friday at $49.49.
According to TipRanks.com, Chang is a 4-star analyst with an average return of
Currently, the analyst consensus on Devon Energy is a Strong Buy with an average price target of $60.06, implying a 25.4% upside from current levels. In a report issued on May 4, Raymond James also upgraded the stock to Buy with a $72.00 price target.
Read More on PBA:
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- Pembina Pipeline downgraded to Neutral from Buy at Citi
- Pembina Pipeline price target raised to C$67 from C$64 at JPMorgan
- Pembina Pipeline Renews Share Buyback Program to Repurchase Up to 5% of Shares
- Pembina Pipeline renews share repurchase program
- Pembina Pipeline price target raised to C$68 from C$64 at RBC Capital
