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Analysts’ Opinions Are Mixed on These Energy Stocks: Pembina Pipeline (PBA) and Devon Energy (DVN)

Tipranks - Tue May 19, 6:52AM CDT

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 13.4% and a 65.3% success rate. Chang covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, LandBridge Company LLC Class A, and Magnolia Oil & Gas. ;'>

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.

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