Benzinga | Oct 26, 2021 12:39PM EDT

Analyst Ratings For Devon Energy

Analysts have provided the following ratings for Devon Energy (NYSE:DVN) within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 1 2 2 0 0Last 30D 1 0 0 0 01M Ago 0 1 1 0 02M Ago 0 0 0 0 03M Ago 0 1 1 0 0

In the last 3 months, 5 analysts have offered 12-month price targets for Devon Energy. The company has an average price target of $41.0 with a high of $54.00 and a low of $34.00.

Below is a summary of how these 5 analysts rated Devon Energy over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This average price target has increased by 8.47% over the past month.

How Are Analyst Ratings Determined?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.