Devon Energy Almost Doubled Since February; Crowd Now Believes It's A 5-Star Stock
Shares of Devon Energy Corp (NYSE: DVN) are up more than 15.1 percent since the beginning of 2016, and trading at almost double their February low.
Following such a substantial run-up, top raters at the Vetr community decided to upgrade their rating on the stock from 2.5 stars to five stars – out of a possible five-star rating.
However, it should be noted that only 71 percent of the crowd's ratings are now bullish. In fact, the crowd has established a $38.00 average price target, which implies an upside potential of barely 3.5 percent from current valuations.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Latest Ratings for DVN
|Jan 2017||Wells Fargo||Downgrades||Outperform||Market Perform|
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