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Devon Energy Corporation (DVN) [hlAlert]

Rating:
Buy DVN
down 36.85 %

Devon Energy Corporation (DVN) rated Buy with price target $100 by Jefferies & Co

Posted on: Monday,  Dec 8, 2008  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Buy Devon Energy Corporation (NYSE: DVN) on 12/08/2008, when the stock price was $64.58.
Since then, Devon Energy Corporation has lost 36.85% as of 01/26/2016's recent price of $40.78.
If you would have followed this Jefferies & Co's recommendation on DVN, you would have lost 36.85% of your investment in 2605 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.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/8/2008 8:25 AM Buy
None
64.58 100.00
as of 12/24/2008
1 Week up  0.40 %
1 Month down  -18.92 %
3 Months   
1 YTD down  -18.92 %

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