Analysts at Stifel Nicolaus Reiterated their Past ‘Buy’ rating on Shares Devon Energy Corp (NYSE:DVN), Set a $50.0000 TP

Devon Energy Corporation (NYSE:DVN) Logo

Investors sentiment decreased to 0.83 in Q2 2018. Its down 0.11, from 0.94 in 2018Q1. It worsened, as 64 investors sold Devon Energy Corporation shares while 252 reduced holdings. 86 funds opened positions while 176 raised stakes. 398.41 million shares or 2.29% less from 407.74 million shares in 2018Q1 were reported.

Cypress Asset Tx has invested 0.2% in Devon Energy Corporation (NYSE:DVN). Cliftonlarsonallen Wealth Advsrs Ltd Liability holds 608,024 shares. Virginia Retirement Et Al, a Virginia-based fund reported 207,600 shares. Sei Investments Company invested 0.02% in Devon Energy Corporation (NYSE:DVN). Barnett & Incorporated holds 0.05% in Devon Energy Corporation (NYSE:DVN) or 2,300 shares. Westpac Banking has 125,656 shares for 0% of their portfolio. Mackenzie has invested 0.01% in Devon Energy Corporation (NYSE:DVN). Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.04% in Devon Energy Corporation (NYSE:DVN). Stonebridge Mgmt Inc holds 28,585 shares. State Of Wisconsin Invest Board holds 0.08% or 610,028 shares. Clearbridge Invests Limited Liability reported 2.03M shares. Mitsubishi Ufj Secs Ltd accumulated 1,880 shares. Gamco Investors Et Al reported 128,500 shares stake. Institute For Wealth Llc invested 0.14% of its portfolio in Devon Energy Corporation (NYSE:DVN). Ingalls Snyder Limited Com holds 43,830 shares or 0.09% of its portfolio.

Devon Energy Corp (NYSE:DVN) Rating Reaffirmed

In an analyst report sent to investors on Sunday, 25 November, The Buy rating of Devon Energy Corp (NYSE:DVN) shares was restate by Stifel Nicolaus, who now has a $50.0000 TP on the stock. Stifel Nicolaus’s TP indicates a possible upside of 84.98 % from the last close price of the company.

Devon Energy Corporation (NYSE:DVN) Ratings Coverage

Among 13 analysts covering Devon Energy Corp (NYSE:DVN), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Devon Energy Corp has $65 highest and $39 lowest target. $51.64’s average target is 91.05% above currents $27.03 stock price. Devon Energy Corp had 17 analyst reports since June 8, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Monday, August 6 by UBS. The company was reinitiated on Friday, September 28 by PiperJaffray. Johnson Rice upgraded the shares of DVN in report on Wednesday, August 15 to “Buy” rating. Stifel Nicolaus maintained the shares of DVN in report on Sunday, November 25 with “Buy” rating. On Monday, July 16 the stock rating was maintained by Bank of America with “Buy”. The stock has “Positive” rating by Susquehanna on Wednesday, August 1. Morgan Stanley maintained it with “Equal-Weight” rating and $44 target in Wednesday, September 26 report. RBC Capital Markets maintained Devon Energy Corporation (NYSE:DVN) rating on Thursday, November 8. RBC Capital Markets has “Outperform” rating and $56 target. The stock of Devon Energy Corporation (NYSE:DVN) earned “Equal-Weight” rating by Morgan Stanley on Thursday, August 16. Barclays Capital maintained the stock with “Overweight” rating in Thursday, November 15 report.

The stock increased 0.45% or $0.12 during the last trading session, reaching $27.03. About 10.15M shares traded or 33.96% up from the average. Devon Energy Corporation (NYSE:DVN) has risen 30.40% since December 2, 2017 and is uptrending. It has outperformed by 14.78% the S&P500.

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. The company has market cap of $12.66 billion. It operates approximately 15,200 gross wells. It has a 6.59 P/E ratio. The firm also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants and treatment facilities.

More notable recent Devon Energy Corporation (NYSE:DVN) news were published by: Fool.com which released: “Why L Brands, Devon Energy, and LivaNova Slumped Today – Motley Fool” on November 20, 2018, also 247Wallst.com with their article: “Altria, General Electric Slip into Monday’s 52-Week Low Club – 24/7 Wall St.” published on November 26, 2018, 247Wallst.com published: “4 Buy-Rated Stocks That Are Cheaper Now Than in March 2009 – 24/7 Wall St.” on November 16, 2018. More interesting news about Devon Energy Corporation (NYSE:DVN) were released by: Seekingalpha.com and their article: “Devon Energy: I’m Bullish – Seeking Alpha” published on November 08, 2018 as well as Seekingalpha.com‘s news article titled: “Tough energy proposals fail in Colorado, Washington – Seeking Alpha” with publication date: November 07, 2018.

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart

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