Devon Energy Corporation with ticker code (DVN) have now 26 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $72.43 and $43.09 with the average target price sitting at $52.15. Now with the previous closing price of $45.65 and the analysts are correct then we can expect a percentage increase in value of 14.2%. Also worth taking note is the 50 day moving average now sits at $46.93 while the 200 day moving average is $50.16. The company has a market capitalization of 28.99B. The stock price for the company is currently is currently $45.25 USD
The potential market cap would be $33,119,735,489 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 7.71, revenue per share of $23.26 and a 12.97% return on assets.
Devon Energy Corporation is an independent energy company. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas and natural gas liquids. The Company’s oil and gas properties include the Delaware Basin, Anadarko Basin, Williston Basin, Eagle Ford, and Powder River Basin. The Delaware Basin operates approximately 16 rigs that offer exploration and development opportunities from geologic reservoirs, including the Wolfcamp, Bone Spring, Avalon, and Delaware formations. The Company’s Anadarko Basin is located primarily in Oklahoma’s Canadian, Kingfisher and Blaine counties. It operates approximately four rig programs associated with this joint venture. The Williston Basin is located on the Fort Berthold Indian Reservation in North Dakota, and its operations are focused on the oil-prone Bakken and Three Forks formations. The Eagle Ford operations are located in Texas DeWitt and Karnes counties.
