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Devon Energy Almost Doubled Since February; Crowd Now Believes It's A 5-Star Stock

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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.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

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

Apr 2017Stifel NicolausInitiates Coverage OnBuy
Feb 2017Societe GeneraleUpgradesHoldBuy
Jan 2017UBSUpgradesSellNeutral

View More Analyst Ratings for DVN
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings Trading Ideas General


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