Devon Energy (NYSE:DVN) Target Raised by UBS Group AG to $19.00

0
46
Top rear view of young businessman in formalwear holding hands behind head while sitting in the office

Devon Energy stock has undergone multiple analysts rating changes in the recent past.  Devon Energy stock Target Raised by   UBS Group AG on 6/29/2020. In a note to investors, the firm issued a new target price of $19.00. The analysts previously had $14.00 target price. UBS Group AG’s price target would indicate a potential upside of 74.79% from the stock’s previous close.

Shares of Devon Energy traded up $0.19 on Monday, reaching $11.13. 6327239 shares of the stock traded hands, compared to its average volume of 10980780. Shares of were trading at $11.13 on Monday. The firm’s 50 day moving average is $12.06 and its 200 day moving average is 17.88.Devon Energy  has a 12 month low of $10.76 and a 12 month high of $29.36. While on yearly highs and lows, Devon Energy today has traded high as $11.20 and has touched $10.76 on the downward trend.

Devon Energy Earnings and What to expect: 

Devon Energy last released its quarterly earnings data on May 5th, 2020. The energy company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.31. The firm earned $2.09 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Its revenue for the quarter was up 93.4% on a year-over-year basis. Devon Energy has generated $1.38 earnings per share over the last year. Devon Energy has confirmed that its next quarterly earnings report will be published on Tuesday, August 4th, 2020. Devon Energy will be holding an earnings conference call on Tuesday, August 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Earnings for Devon Energy are expected to decrease in the coming year, from ($0.28) to ($0.33) per share. The P/E ratio of Devon Energy is -2.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Devon Energy is -2.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Devon Energy has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.59%
  • On 6/1/2020 CAO Jeremy D Humphers Sell 1,500 at average share price of $11.47 which equates to $17,205.00 in money value.
  • On 3/2/2020 CAO Jeremy D Humphers Sell 1,500 at average price of  $15.89 with total value of : Not Data Available
  • On 12/2/2019 CAO Jeremy D Humphers Sell 1,500 at average price of  $22.01 with total value of : $33,015.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Devon Energy

  • 6/25/2020 – Devon Energy had its price target raised by analysts at Wells Fargo & Co from $16.00 to $17.00. They now have an “overweight” rating on the stock. ()
  • 6/19/2020 – Devon Energy had its price target raised by analysts at SunTrust Banks, Inc. from $13.00 to $14.00. They now have a “hold” rating on the stock. ()
  • 6/19/2020 – Devon Energy was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $17.00 price target on the stock, up previously from $13.00. ()
  • 6/3/2020 – Devon Energy had its price target raised by analysts at Barclays PLC from $11.00 to $13.00. They now have an “overweight” rating on the stock. ()
  • See More Analyst Rating at: RATING

Other rating updates by UBS Group AG: 

  • 6/29/2020 – Apache had its price target raised by analysts at UBS Group AG from $4.50 to $15.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – Berry Petroleum had its price target raised by analysts at UBS Group AG from $4.50 to $7.00. They now have a “buy” rating on the stock. ()
  • 6/29/2020 – Continental Resources had its price target raised by analysts at UBS Group AG from $7.00 to $16.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – ConocoPhillips had its price target raised by analysts at UBS Group AG from $50.00 to $62.00. They now have a “buy” rating on the stock. ()
  • See More Analyst Rating at: RATING

Devon Energy (NYSE:DVN) Moving Average Technical Analysis

5 day Moving Average is $11.49 And 5 day price change is -1.53 (-12.05%)  with average volume for 5 day average is 8,354,234. While technical analysis for average 20 days shows significant difference, 20 day moving average is  12.79 and 20 day price change is -0.53 (-4.53%) and average 20 day moving volume is 9,583,749. 50 day moving average is 12.06  and 50 day price change is 1.95 ( 0.2115)  and with average volume for 50 days is : 10,373,682. 200 day moving average is 17.88  and 200 day price change is -13.39 (-54.52%)  and with average volume for 200 days is : 8,991,226.

See More Analyst Rating at: RATING