Jefferies analyst Michael Hsu reiterated a Hold rating on Devon Energy Corp (NYSE: DVN) today and set a price target of $38. The company’s shares opened today at $37.92.

According to TipRanks.com, Hsu is a 1-star analyst with an average return of -4.5% and a 31.6% success rate. Hsu covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Continental Resources, and Gulfport Energy Corp.

Devon Energy Corp has an analyst consensus of Strong Buy, with a price target consensus of $53.25.

The company has a one year high of $50.69 and a one year low of $32.77. Currently, Devon Energy Corp has an average volume of 4.67M.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. Last month, Robert Mosbacher, a Director at DVN sold 800 shares for a total of $31,344.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Devon Energy Corp. engages in the exploration, development, and production of oil, natural gas and natural gas liquids. It operates through the following geographical segments: U.S., Canada, and EnLink. It develops and operates Delaware Basin; Eagle Ford; Heavy Oil; Baarnett Shale; STACK; Rockies Oil; Marketing and Midstream; and Contractors, Suppliers, and Vendors. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.