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Devon Energy Corporation (DVN) [hlAlert]

down 32.12 %

Devon Energy Corporation (DVN) rated Buy with price target $68 by Argus

Posted on: Friday,  Jan 9, 2015  8:25 AM ET by Argus

Argus rated Buy Devon Energy Corporation (NYSE: DVN) on 01/09/2015, when the stock price was $60.08. Since
then, Devon Energy Corporation has lost 32.12% as of 01/26/2016's recent price of $40.78.
If you would have followed this Argus's recommendation on DVN, you would have lost 32.12% of your investment in 382 days.

Devon Energy Corporation is an independent energy company engaged primarily in oil and gas exploration, development and production, and in the acquisition of producing properties. Devon currently owns oil and gas properties concentrated in four operating divisions: the Northern Division; the Southern Division,; Canada; and the International Division.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/9/2015 8:25 AM Buy
60.08 68.00
as of 8/27/2015
1 Week down  -4.74 %
1 Month down  -33.61 %
3 Months down  -37.91 %
1 YTD down  -34.08 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/12/2014 11:25 AM Buy
63.23 80.00
12/3/2013 8:25 AM Buy
60.67 70.00
3/17/2011 8:25 AM Hold
5/10/2010 8:25 AM Buy
67.44 76.00
5/28/2009 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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