Providing a diverse range of perspectives from bullish to bearish, 12 analysts have published ratings on Devon Energy DVN in the last three months.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 7 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 3 | 2 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $48.58, with a high estimate of $62.00 and a low estimate of $42.00. Highlighting a 4.75% decrease, the current average has fallen from the previous average price target of $51.00.
Interpreting Analyst Ratings: A Closer Look
The standing of Devon Energy among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Bob Brackett | Bernstein | Maintains | Outperform | $45.00 | $45.00 |
| Subash Chandra | Benchmark | Maintains | Buy | $44.00 | $44.00 |
| Neal Dingmann | Truist Securities | Lowers | Hold | $42.00 | $43.00 |
| Scott Hanold | RBC Capital | Maintains | Sector Perform | $50.00 | $50.00 |
| Mark Lear | Piper Sandler | Lowers | Overweight | $53.00 | $57.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $43.00 | $49.00 |
| Nitin Kumar | Mizuho | Lowers | Outperform | $47.00 | $51.00 |
| Scott Gruber | Citigroup | Lowers | Buy | $48.00 | $55.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $57.00 | $56.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $49.00 | $50.00 |
| Neal Dingmann | Truist Securities | Lowers | Hold | $43.00 | $49.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $62.00 | $63.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Devon Energy. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Devon Energy compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Devon Energy's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Devon Energy's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Devon Energy analyst ratings.
Get to Know Devon Energy Better
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2023, Devon reported net proved reserves of 1.8 billion barrels of oil equivalent. Net production averaged roughly 658,000 barrels of oil equivalent per day in 2023 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
Financial Insights: Devon Energy
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Devon Energy showcased positive performance, achieving a revenue growth rate of 4.9% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Devon Energy's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 20.18% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Devon Energy's ROE stands out, surpassing industry averages. With an impressive ROE of 6.05%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Devon Energy's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.93%, the company showcases efficient use of assets and strong financial health.
Debt Management: Devon Energy's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.65, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Analyst Ratings: Simplified
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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