Mizuho Securities analyst Vincent Lovaglio maintained a Buy rating on Devon Energy on Tuesday, setting a price target of $38, which is approximately 50.26% above the present share price of $25.29.
Lovaglio expects Devon Energy to post earnings per share (EPS) of $0.33 for the third quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Devon Energy, with an average price target of $36.73.
The analysts price targets range from a high of $47 to a low of $31.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.76 billion and a net profit of $173 million. The company's market cap is $17.12 billion.
According to TipRanks.com, Mizuho Securities analyst Vincent Lovaglio is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 15.9% and a 46.34% success rate.
Devon Energy Corp (NYSE:DVN). engages in the exploration, development, and production of oil and natural gas properties. It operates through the following geographical segments: U.S., Canada, and EnLink. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Baarnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.