Economy

Devon Energy Corporation (DVN) Receives $44.83 Average PT from Brokerages

Logan Capital Management Inc sold 1,662 shares as Alliance Data Sys Corp Com (ADS)'s stock rose 0.06%. Finally, Calamos Advisors LLC lifted its holdings in Devon Energy Corporation by 2.2% during the second quarter. (NYSE:UDR) now have an ABR of 2.87.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. About shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 37.63% since September 19, 2016 and is uptrending. Intersect ENT Inc (NASDAQ:XENT) has risen 79.98% since September 20, 2016 and is uptrending. It has underperformed by 2.23% the S&P500. Honkamp Krueger Financial Services Inc. increased its stake in Devon Energy Corporation by 1.4% during the 2nd quarter. It also upped Honeywell Int'l Inc. It also reduced its holding in Western Un (NYSE:WU) by 18,100 shares in the quarter, leaving it with 45,146 shares, and cut its stake in Ppl (NYSE:PPL). Esterline Technologies (NYSE:ESL) was raised too.

Devon Energy Corporation (NYSE:DVN) last released its earnings results on Tuesday, August 1st. The company reported the earnings of $0.34/Share in the last quarter where the estimated EPS by analysts was $0.32/share. Therefore 63% are positive.

Despite the fact Devon Energy Corporation (NYSE:DVN) was trading at volume less than average, prior 52-week high was $50.69 and plunged -17.33% over the same period, trading at a volume of 3.6 million.

Other research analysts have also issued reports about the stock. As per Thursday, August 3, the company rating was maintained by Barclays Capital. The rating was downgraded by UBS on Wednesday, October 28 to "Sell". Guggenheim upgraded Devon Energy Corp (NYSE:DVN) on Thursday, November 12 to "Buy" rating. The firm has "Hold" rating given on Tuesday, July 4 by Jefferies.

Several research firms have commented on DVN. The stock of Devon Energy Corp (NYSE:DVN) has "Buy" rating given on Friday, July 21 by Citigroup.

Investors sentiment increased to 1.08 in Q4 2016. Its up 0.04, from 0.88 in 2016Q3. Culbertson A N & Co Inc who had been investing in Devon Energy Corp New for a number of months, seems to be less bullish one the $17.86B market cap company. 52 funds opened positions while 125 raised stakes. Clinton Grp holds 11,593 shares or 0.06% of its portfolio. Texas-based Texan Capital has invested 0.29% in Devon Energy Corp (NYSE:DVN).

Prelude Capital Management Ltd Limited Liability Company accumulated 13,664 shares. Hanson And Doremus Invest Mngmt reported 20,422 shares. Investec Asset Management LTD raised its stake in shares of Devon Energy Corporation by 6.5% during the first quarter. Prudential Fincl holds 0.15% or 2.09M shares.

Fpr Partners Llc holds 12.27% of its portfolio in Arch Capital Group Ltd. for 6.16 million shares. Cibc Ww Mkts has invested 0.01% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Baxter Bros stated it has 18,490 shares. Panagora Asset Mgmt Incorporated stated it has 0.07% of its portfolio in Devon Energy Corp (NYSE:DVN). Barnett And Com Inc accumulated 1,240 shares. Citigroup maintained the shares of DVN in report on Monday, July 18 with "Buy" rating.

Brooks Automation, Inc. (NASDAQ:BRKS) ended its day at $28.70 with the rising stream of 0.60% and its total traded volume was 1.1 million shares more than the average volume. Duncker Streett Co invested in 0.02% or 1,478 shares. The British Columbia - Canada-based British Columbia Invest Mngmt Corp has invested 0.04% in Wynn Resorts, Limited (NASDAQ:WYNN). Sterneck Capital Management Lc reported 0.48% stake. Daiwa Securities Group Inc bought 8,900 shares as the company's stock rose 26.92% with the market. The New York-based Steinberg Asset Management Llc has invested 4.97% in the stock.

Want to see what other hedge funds are holding DVN? Retirement Of Alabama has invested 0.1% in Devon Energy Corp (NYSE:DVN). Janney Montgomery Scott Limited Liability invested in 14,899 shares or 0.02% of the stock. Benjamin F Edwards And holds 274 shares or 0.01% of its portfolio. Quantitative Mngmt Ltd Liability accumulated 0.02% or 16,500 shares. Therefore 48% are positive. Alliance Data Systems had 54 analyst reports since August 9, 2015 according to SRatingsIntel. As per Tuesday, March 8, the company rating was maintained by iBERIA Capital Partners. Scotiabank set a $49.00 price objective on Devon Energy Corporation and gave the stock a "buy" rating in a research note on Saturday, July 1st. The company was initiated on Tuesday, April 11 by Oppenheimer. Cowen & Co has "Outperform" rating and $327 target. On Friday, February 19 the stock rating was downgraded by Wolfe Research to "Peer Perform". BMO Capital Markets maintained the shares of DVN in report on Wednesday, June 21 with "Buy" rating. The stock has "Overweight" rating by Barclays Capital on Thursday, August 4. During the same period in the previous year, the business earned $0.06 EPS. ADS's profit will be $266.25M for 10.93 P/E if the $4.80 EPS becomes a reality. On average, equities research analysts expect that Devon Energy Corporation will post $1.73 EPS for the current fiscal year.



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