May 4, 2011
Devon Energy Corporation (NYSE:DVN) reported Q1 EPS of $1.34 ex-items today, just beating the consensus estimate for $1.33 per share. Revenue for the quarter was down 33% year-over-year to $2.15 billion, below the consensus estimate for $2.24 billion.
Devon Energy has a potential upside of 17% based on a current price of $87.32 and an average consensus analyst price target of $102.17.
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