Wells Fargo (NYSE:WFC) analyst Nitin Kumar CFA maintained a Buy rating on Devon Energy on Friday, setting a price target of $51, which is approximately 23.97% above the present share price of $41.14.
Kumar CFA expects Devon Energy to post earnings per share (EPS) of $1.24 for the fourth quarter of 2021.
The current consensus among 19 TipRanks analysts is for a Strong Buy rating of shares in Devon Energy, with an average price target of $50.95.
The analysts price targets range from a high of $65 to a low of $35.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $3.47 billion and a net profit of $1.07 billion. The company's market cap is $27.85 billion.
According to TipRanks.com, Wells Fargo analyst Nitin Kumar CFA is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 12.1% and a 72.73% 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.