Analysts Are Downgrading These 5 Oil and Gas Stocks

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In this article, we will be talking about these 5 oil and gas stocks that analysts are downgrading. If you want to read our comprehensive analysis of the oil and gas sector, you can go directly to Analysts Are Downgrading These 10 Oil and Gas Stocks.

5. Devon Energy Corporation (NYSE:DVN)

Number of Hedge Fund Holders: 51

Oklahoma-based energy company Devon Energy Corporation (NYSE:DVN) 30% year to date. The stock is currently in the spotlight after Benchmark Research downgraded the stock to Hold from Buy. Benchmark analyst Subash Chandra cited valuation concerns for the rating action.

Devon Energy Corporation (NYSE:DVN) remains a popular energy stock among the smart money. Out of the 924 hedge funds tracked by Insider Monkey, 51 reported owning stakes in Devon Energy Corporation (NYSE:DVN) at the end of the fourth quarter of 2021. Ken Fisher’s Fisher Asset Management owns a $175.4 million stake in Devon Energy Corporation (NYSE:DVN) as of the end of the fourth quarter.

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