Aug. 31 at 11:49 AM
$DVN Devon’s core earnings per share of
$1.57 beat Wall Street’s estimate of
$1.40. Revenue came in at
$7.42 billion, up from
$4.28 billion a year earlier, beating the consensus of
$6.01 billion. Devon Energy’s Q2 production averaged 1.67 million barrels of oil equivalent per day, in line with the company’s guidance.
DVN has a Strong Buy consensus rating based on 17 Buys and one Hold rating. The average Devon Energy price target of
$59.35 implies 25.4% upside potential from current levels.
