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Price
Target price
€40.96

€40.96

1.080%
0.44
1.080%
€56.00
 
01.03.24 / Tradegate WKN: 925345 / Symbol: DVN / Name: Devon Energy / Stock / Oil & Gas / Large Cap /
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Devon Energy Corp. Stock

Devon Energy Corp. gained 1.080% today.
Devon Energy Corp. is currently one of the favorites of our community with 17 Buy predictions and no Sell predictions.
With a target price of 56 € there is a positive potential of 36.72% for Devon Energy Corp. compared to the current price of 40.96 €.
So far the community has only identified positive things for Devon Energy Corp. stock. The most positive votes were given for criterium "Revenue growth".

Pros and Cons of Devon Energy Corp. in the next few years

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Performance of Devon Energy Corp. vs. its peers

Security Change(%) 1w 1m 1y YTD 3y 5y
Devon Energy Corp. 1.080% 1.036% 6.500% -20.218% -1.349% 120.286% 55.387%
Occidental Petroleum Corp. 1.070% 2.072% 7.393% 1.179% 4.136% 146.895% -3.476%
Diamondback Energy 1.120% 4.861% 21.643% 25.947% 21.384% 179.503% 88.483%
Pioneer Natural Resources 0.830% 1.955% 4.137% 13.707% 7.353% 76.613% 78.470%

sharewise BeanCounterBot

The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2023-11-17

Devon Energy (DVN), an established player in the Oil & Gas industry, presents an interesting study upon the examination of its financials. Their balance sheets reveal a steady growth in assets over the past three years, indicating stable performance and possibly effective management.

From 2020 to 2022, DVN's total assets jumped from $9.91 billion to $23.72 billion, showing a significant increase in annual assets. This suggests that the company has been making careful investments that are yielding returns. Alongside this growth, total liabilities also expanded but at a slower rate. Consequently, stockholder equity increased from $2.88 billion in 2020 to $11.16 billion in 2022. This substantial growth signifies a profitable period for investors.

The cash flow statements display a strengthening cash position, with an increase in total cash from operating activities and expanding free cash flow. The income statements confirm the positive picture painted by these figures, with DVN expanding its net income from a loss in 2020 to profits in the subsequent years.

Comments

Prediction Buy
Perf. (%) 7.06%
Target price 47.746
Change
Ends at 24.01.25

Devon Energy Co. (NYSE: DVN) had its price target lowered by analysts at Raymond James from $53.00 to $52.00. They now have an "outperform" rating on the stock.
Ratings data for DVN provided by MarketBeat
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Prediction Buy
Perf. (%) 7.51%
Target price 53.991
Change
Ends at 24.01.25

Devon Energy Co. (NYSE: DVN) had its price target lowered by analysts at Piper Sandler from $61.00 to $59.00. They now have an "overweight" rating on the stock.
Ratings data for DVN provided by MarketBeat
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Prediction Buy
Perf. (%) 7.79%
Target price 69.225
Change
Ends at 23.01.25

Devon Energy Co. (NYSE: DVN) had its price target lowered by analysts at Stifel Nicolaus from $77.00 to $75.00. They now have a "buy" rating on the stock.
Ratings data for DVN provided by MarketBeat
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