Is Devon Energy (NYSE:DVN) a Sell? What does Stephens Think?

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Investors sentiment decreased to 0.83 in Q2 2018. Its down 0.11, from 0.94 in 2018Q1. It dropped, as 64 investors sold Devon Energy Corporation shares while 252 reduced holdings. 86 funds opened positions while 176 raised stakes. 398.41 million shares or 2.29% less from 407.74 million shares in 2018Q1 were reported.

Bamco Incorporated New York owns 24,000 shares for 0% of their portfolio. Stifel has invested 0.02% in Devon Energy Corporation (NYSE:DVN). Old Second Fincl Bank Of Aurora has 0.01% invested in Devon Energy Corporation (NYSE:DVN) for 300 shares. Roanoke Asset Mngmt Ny has 0.63% invested in Devon Energy Corporation (NYSE:DVN) for 29,884 shares. 295,788 were reported by Pictet Asset. 1.12M were reported by Wells Fargo Mn. Washington National Bank & Trust reported 3,795 shares. Martingale Asset Mgmt Lp invested 0.06% of its portfolio in Devon Energy Corporation (NYSE:DVN). Nuveen Asset Mngmt stated it has 0.01% in Devon Energy Corporation (NYSE:DVN). Moors And Cabot Incorporated owns 5,709 shares. Caxton Assoc L P reported 122,587 shares. Paragon Capital Management Ltd accumulated 1.83% or 127,871 shares. Gluskin Sheff And Associate holds 0.15% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 66,495 shares. Hm Payson And reported 4,617 shares. Cypress Management Limited Liability Corporation (Wy) owns 1,500 shares.

Why Has Stephens Given Devon Energy (NYSE:DVN) a $50 Price Target

Expert analysts at Stephens started coverage on shares of Devon Energy (NYSE:DVN) in a research note shared with investors and clients on 6 December. The firm set Overweight rating on the stock. Stephens’s price target of $50 suggests potential of 80.18 % from the stock’s last price.

Devon Energy Corporation (NYSE:DVN) Ratings Coverage

Among 13 analysts covering Devon Energy Corp (NYSE:DVN), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Devon Energy Corp has $65 highest and $39 lowest target. $51.64’s average target is 86.09% above currents $27.75 stock price. Devon Energy Corp had 17 analyst reports since June 8, 2018 according to SRatingsIntel. The stock of Devon Energy Corporation (NYSE:DVN) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, November 20. As per Thursday, November 8, the company rating was maintained by RBC Capital Markets. The company was maintained on Wednesday, August 1 by Susquehanna. Johnson Rice upgraded the shares of DVN in report on Wednesday, August 15 to “Buy” rating. The firm earned “Buy” rating on Monday, July 16 by Bank of America. The firm earned “Equal-Weight” rating on Wednesday, September 26 by Morgan Stanley. The firm earned “Buy” rating on Monday, August 6 by UBS. The stock of Devon Energy Corporation (NYSE:DVN) earned “Overweight” rating by PiperJaffray on Friday, September 28. The stock has “Buy” rating by Stifel Nicolaus on Sunday, November 25. The rating was maintained by Barclays Capital with “Overweight” on Thursday, November 15.

The stock decreased 1.49% or $0.42 during the last trading session, reaching $27.75. About 9.91M shares traded or 30.28% up from the average. Devon Energy Corporation (NYSE:DVN) has risen 30.40% since December 7, 2017 and is uptrending. It has outperformed by 14.78% the S&P500.

Analysts await Devon Energy Corporation (NYSE:DVN) to report earnings on February, 19. They expect $0.42 EPS, up 10.53 % or $0.04 from last year’s $0.38 per share. DVN’s profit will be $196.65M for 16.52 P/E if the $0.42 EPS becomes a reality. After $0.63 actual EPS reported by Devon Energy Corporation for the previous quarter, Wall Street now forecasts -33.33 % negative EPS growth.

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. The company has market cap of $12.99 billion. It operates approximately 15,200 gross wells. It has a 6.77 P/E ratio. The firm also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants and treatment facilities.

More notable recent Devon Energy Corporation (NYSE:DVN) news were published by: 247Wallst.com which released: “Altria, General Electric Slip into Monday’s 52-Week Low Club – 24/7 Wall St.” on November 26, 2018, also Seekingalpha.com with their article: “Marathon Petroleum poised to yield strong cost, marketing advantages – Seeking Alpha” published on November 12, 2018, 247Wallst.com published: “4 Buy-Rated Stocks That Are Cheaper Now Than in March 2009 – 24/7 Wall St.” on November 16, 2018. More interesting news about Devon Energy Corporation (NYSE:DVN) were released by: Fool.com and their article: “Marathon Oil Corporation’s Drilling Machine Produced High-End Results in Q3 – Motley Fool” published on November 08, 2018 as well as Streetinsider.com‘s news article titled: “Devon Energy (DVN) option implied volatility elevated into voters rejected measures that would have restricted drilling in Colorado – StreetInsider.com” with publication date: November 07, 2018.

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart

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