Devon Energy (DVN) Price Targets Raised - Feb 4

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There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Devon Energy (DVN), Exxon Mobil (XOM) and Expand Energy (EXE) with bullish sentiments.

Devon Energy (DVN)

In a report released today, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Buy rating on Devon Energy, with a price target of $50.00. The company’s shares closed last Friday at $40.21.

According to TipRanks.com, Sorbara is a 5-star analyst with an average return of 15.9% and a 52.7% success rate. Sorbara covers the NA sector, focusing on stocks such as Infinity Natural Resources, Inc. Class A, Crescent Energy Company Class A, and Comstock Resources.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Devon Energy with a $43.68 average price target, implying a 10.3% upside from current levels. In a report issued on January 20, Piper Sandler also maintained a Buy rating on the stock with a $55.00 price target.
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The 7 most recent price target updates submitted to TipRanks range from $45 to $55. All 7 rate DVN a BUY or STRONG BUY.
DVN is now up more than 6% today on heavy volume.