Devon Energy Corporation which can be found using ticker (DVN) have now 26 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $68.00 and $47.00 calculating the mean target share price we have $58.37. (at the time of writing). Now with the previous closing price of $45.82 this indicates there is a potential upside of 27.4%. It’s also worth noting that there is a 50 day moving average of $49.35 while the 200 day moving average is $46.87. The company has a market capitalization of 30.11B. The stock price for the company is currently $47.64 USD
The potential market cap would be $38,355,127,624 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 9.07, revenue per share of $22.69 and a 11.49% 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.
