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Siebert Williams Shank & Co Stick to Their Buy Rating for Devon Energy Corp.

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Siebert Williams (NYSE:WMB) Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Devon Energy Corp (NYSE:DVN). on Sunday, setting a price target of $20, which is approximately 126.76% above the present share price of $8.82.

Sorbara expects Devon Energy Corp. to post earnings per share (EPS) of -$1.78 for the third quarter of 2020.

The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Devon Energy, with an average price target of $15.79.
The analysts price targets range from a high of $21 to a low of $13.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $394 million and a net profit of -$598 million. The company’s market cap is $3.38 billion.

According to TipRanks.com, Siebert Williams Shank & Co analyst Gabriele Sorbara is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -23.7% and a 22.49% success rate.

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It operates through the following geographical segments: U.S., Canada, and EnLink. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Baarnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

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