Devon Energy Corporation with ticker code (DVN) have now 25 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $69.17 and $42.42 and has a mean share price target at $49.25. (at the time of writing). Now with the previous closing price of $42.77 this is indicating there is a potential upside of 15.2%. Also worth taking note is the 50 day moving average now sits at $44.32 while the 200 day moving average is $48.10. The total market capitalization for the company now stands at 27.44B. The stock price for the company is currently $42.83 USD
The potential market cap would be $31,598,743,254 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 7.3, 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.
