Will the Devon Energy share price run continue?

In this article we will quickly re-cap the broker forecasts for Devon Energy (NYQ:DVN).

The Devon Energy share price has risen by 27.1% over the past month and it’s currently trading at 14.6. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Devon Energy currently has:

• 8 Buy recommendations

• 11 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

At its current price of 14.6, shares in Devon Energy are trading at a discount of -50.3% to its 52 week high price. The 1-year performance of the shares has been -43.0%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Devon Energy it's worth doing some investigation yourself.

There are all sorts of factors that could affect Devon Energy's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Devon Energy – you might discover some surprising things you didn’t know.