UBS Reiterates Rating on Devon Energy Corporation $DVN
Key Points
- UBS now rates Devon Energy Corporation ($DVN) "buy" with a $58 target.
- UBS's $58 price target implies 32.57% upside from Devon Energy Corporation's ($DVN) current $43.75 share price.
- The Street's average $DVN price target is $59.54 (Strong Buy).
- $DVN last traded around $43.75.
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UBS reiterated its rating on Devon Energy Corporation ($DVN) to a "buy" rating in a recent research note and set a price target of $58, a 32.57% upside from the current price.
Devon Energy Corporation Stock Down 7.6%
Shares of Devon Energy Corporation ($DVN) traded around $43.75 on Saturday, down 7.6% for the day.
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About Devon Energy Corporation
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Houston, Texas.
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