RBC Capital Keeps Their Hold Rating on Devon Energy (DVN)

RBC Capital analyst Scott Hanold maintained a Hold rating on Devon Energy (DVNResearch Report) on April 25 and set a price target of $67.00. The company’s shares closed last Tuesday at $56.40.

According to, Hanold is a top 100 analyst with an average return of 23.0% and a 59.7% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp.

Devon Energy has an analyst consensus of Strong Buy, with a price target consensus of $73.06, a 28.3% upside from current levels. In a report issued on April 22, Cowen & Co. also maintained a Hold rating on the stock with a $65.00 price target.

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The company has a one-year high of $65.45 and a one-year low of $21.30. Currently, Devon Energy has an average volume of 12.7M.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DVN in relation to earlier this year.

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Devon Energy Corp. 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.

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