1 Wall Street Analyst Thinks Devon Energy Stock Is Going to $57. Is It a Buy?
DVNDevon Energy(DVN) The Motley Fool·2024-05-10 16:55

This leading dividend-paying oil stock just beat expectations in the first quarter.RBC Capital recently raised its price target on Devon Energy (DVN 0.57%) to $57 from $55 and maintained a "sector perform" rating on the stock. My take on a "sector perform" rating is that it is a de facto sell rating, because investors might as well hold the sector through an ETF and eliminate the stock-specific risk inherent in holding one stock.That said, the $57 price target still represents a nearly 12% upside from the c ...