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Devon Energy Corporation (DVN) [hlAlert]

Rating:
Mkt Perform
DVN

Devon Energy Corporation (DVN) rated Mkt Perform with price target $60 by Friedman Billings

Posted on: Thursday,  Feb 5, 2009  8:25 AM ET by Friedman Billings

Friedman Billings rated Mkt Perform Devon Energy Corporation (NYSE: DVN) on 02/05/2009. Previously Friedman Billings rated Outperform Devon Energy Corporation (NYSE: DVN)
on 06/30/2008., when the stock price was $119.36. Since then, Devon Energy Corporation has lost 34.76% as of 11/06/2008's recent price of $77.87.
If you would have followed the previous Friedman Billings's recommendation on DVN, you would have lost 34.76% of your investment in 129 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.

FBR Capital Markets is a full service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting its clients needs. It focuses its banking, advisory, trading and research efforts on seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Economic and Washington Policy Analysis groups offer clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/5/2009 8:25 AM Hold
None
58.27 60.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/6/2008 8:25 AM Hold
None
77.87 90.00
6/30/2008 8:25 AM Buy
None
119.36 140.00

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