DEVON ENERGY is downgraded to Slightly Positive due to increased risk
The independent financial analyst theScreener just slightly lowered the general evaluation of DEVON ENERGY (US), active in the Exploration & Production industry. As regards its fundamental valuation, the title confirms its rating of 4 out of 4 stars. Its market behaviour, however, has slightly deteriorated and can be now qualified as moderately risky. This risk increase, even if marginal, forces theScreener to slightly downgrade the title, which now displays an overall rating of Slightly Positive. As of the analysis date March 15, 2022, the closing price was USD 53.01 and its potential was estimated at USD 66.84.Devon Energy is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company's operations are concentrated in various onshore areas in United States. The company's areas of operation include Delaware Basin, Eagle Ford, Powder River Basin and the STACK development, located primarily in Oklahoma's Canadian, Kingfisher and Blaine counties.
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