Will Investors Now Buy Devon Energy (NYSE:DVN) Stock Following Today’s, Stephens \u0026 Co. Upgrades?

November 14, 2017 - By Vivian Currie

  Will Investors Now Buy Devon Energy (NYSE:DVN) Stock Following Today’s, Stephens \u0026 Co. Upgrades?

Investors sentiment increased to 1.08 in 2017 Q2. Its up 0.06, from 1.02 in 2017Q1. It improved, as 84 investors sold Devon Energy Corp shares while 210 reduced holdings. 74 funds opened positions while 243 raised stakes. 400.45 million shares or 0.08% more from 400.14 million shares in 2017Q1 were reported.

Independent Port Consultants Inc reported 225 shares stake. Cullen Frost Bankers reported 6,491 shares. Mutual Of America Mgmt owns 86,397 shares or 0.05% of their US portfolio. Godshalk Welsh Capital Management invested in 10,650 shares. Hightower Ltd Liability Corporation has invested 0.01% in Devon Energy Corp (NYSE:DVN). Steinberg Glob Asset Management stated it has 0.06% of its portfolio in Devon Energy Corp (NYSE:DVN). Royal National Bank Of Canada owns 449,273 shares or 0.01% of their US portfolio. Teachers Retirement Systems Of The State Of Kentucky owns 57,750 shares. Captrust accumulated 1,175 shares. Suffolk Capital Mngmt Ltd Limited Liability Company invested in 89,155 shares or 0.38% of the stock. National Pension holds 0.09% or 457,232 shares in its portfolio. Chevy Chase Hldgs reported 664,226 shares or 0.1% of all its holdings. Envestnet Asset holds 0% or 46,873 shares. Smith Asset Gru Ltd Partnership holds 0.3% in Devon Energy Corp (NYSE:DVN) or 308,606 shares. Teacher Retirement Systems Of Texas has 0.1% invested in Devon Energy Corp (NYSE:DVN).

Devon Energy (NYSE:DVN) Stock Upgrade

In a report released today, Stephens \u0026 Co. boosted shares of Devon Energy (NYSE:DVN) to a solid Overweight rating from their previous Equal-Weight rating.

Investors sentiment increased to 1.08 in 2017 Q2. Its up 0.06, from 1.02 in 2017Q1. It improved, as 84 investors sold Devon Energy Corp shares while 210 reduced holdings. 74 funds opened positions while 243 raised stakes. 400.45 million shares or 0.08% more from 400.14 million shares in 2017Q1 were reported.

Independent Port Consultants Inc reported 225 shares stake. Cullen Frost Bankers reported 6,491 shares. Mutual Of America Mgmt owns 86,397 shares or 0.05% of their US portfolio. Godshalk Welsh Capital Management invested in 10,650 shares. Hightower Ltd Liability Corporation has invested 0.01% in Devon Energy Corp (NYSE:DVN). Steinberg Glob Asset Management stated it has 0.06% of its portfolio in Devon Energy Corp (NYSE:DVN). Royal National Bank Of Canada owns 449,273 shares or 0.01% of their US portfolio. Teachers Retirement Systems Of The State Of Kentucky owns 57,750 shares. Captrust accumulated 1,175 shares. Suffolk Capital Mngmt Ltd Limited Liability Company invested in 89,155 shares or 0.38% of the stock. National Pension holds 0.09% or 457,232 shares in its portfolio. Chevy Chase Hldgs reported 664,226 shares or 0.1% of all its holdings. Envestnet Asset holds 0% or 46,873 shares. Smith Asset Gru Ltd Partnership holds 0.3% in Devon Energy Corp (NYSE:DVN) or 308,606 shares. Teacher Retirement Systems Of Texas has 0.1% invested in Devon Energy Corp (NYSE:DVN).

Devon Energy Corp (NYSE:DVN) Ratings Coverage

Among 34 analysts covering Devon Energy Corporation (NYSE:DVN), 23 have Buy rating, 0 Sell and 11 Hold. Therefore 68% are positive. Devon Energy Corporation has $80 highest and $26 lowest target. $46.25’s average target is 17.92% above currents $39.22 stock price. Devon Energy Corporation had 98 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Devon Energy Corp (NYSE:DVN) earned “Hold” rating by Jefferies on Tuesday, July 4. The firm has “Buy” rating by Stifel Nicolaus given on Friday, September 1. As per Tuesday, September 6, the company rating was downgraded by Raymond James. The company was maintained on Thursday, July 20 by RBC Capital Markets. The stock has “Buy” rating by Evercore on Friday, April 15. The rating was maintained by RBC Capital Markets on Tuesday, July 4 with “Buy”. Guggenheim upgraded the stock to “Buy” rating in Thursday, November 12 report. Credit Suisse maintained Devon Energy Corp (NYSE:DVN) rating on Thursday, February 18. Credit Suisse has “Outperform” rating and $37 target. The firm earned “Hold” rating on Tuesday, August 29 by Jefferies. The firm has “Sector Perform” rating by Peters & Co given on Thursday, August 6.

About 301,523 shares traded. Devon Energy Corp (NYSE:DVN) has risen 13.24% since November 14, 2016 and is uptrending. It has underperformed by 3.46% the S&P500.

Investors wait Devon Energy Corp (NYSE:DVN) to report on February, 13. its quarterly earnings Wall Street analysts expect $0.54 EPS, up $0.29 or 116.00 % from last year’s $0.25 same quarter earnings. This translates into $283.71M profit for DVN giving the stock a 18.14 P/E. This is assuming the current $0.54 EPS is accurate. Devon Energy Corp’s Wall Street analysts see 17.39 % EPS growth, taking into account the $0.46 EPS reproted in the previous quarter,

Devon Energy Corporation is an independent energy company. The company has market cap of $20.61 billion. The Firm also controls EnLink Midstream Partners, L.P. . It has a 13.33 P/E ratio. The Company’s divisions include U.S., Canada and EnLink.

More notable recent Devon Energy Corp (NYSE:DVN) news were published by: Seekingalpha.com which released: “Devon Energy Emerges Triumphant From Downturn” on November 10, 2017, also Seekingalpha.com with their article: “Devon Energy’s (DVN) CEO David Hager on Fiscal Q3 2017 Results – Earnings Call …” published on November 02, 2017, Nasdaq.com published: “Devon Energy Corp. Reports 76% Retreat In Q3 Earnings” on October 31, 2017. More interesting news about Devon Energy Corp (NYSE:DVN) were released by: Fool.com and their article: “Devon Energy Corp Puts a Wrap on a Transformational Year” published on February 15, 2017 as well as Newsok.com‘s news article titled: “Devon Energy rebounds with focus on core assets” with publication date: November 12, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.