Devon Energy (DVN) Stock Receives $90 Price Target

By Amit Chowdhry ● Nov 22, 2022
  • The shares of Devon Energy (DVN) recently received a $90 price target. These are the details.

The shares of Devon Energy (DVN) recently received a $90 price target.

Price target: Increased from $77 to $90

Rating: Buy

Analyst firm: Argus

Argus analysts adjusted the rating while noting that the company’s third-quarter earnings beat was driven by higher realized prices for crude oil, natural gas liquids, natural gas, and higher production. And the Argus analysts are also positive on Devon Energy’s strong balance sheet, substantial liquidity, and fixed-plus-variable dividend program.