Devon Energy (NYSE:DVN) Price Target Raised to $57.00

Devon Energy (NYSE:DVN) had its price objective upped by Wolfe Research from $49.00 to $57.00 in a research report released on Tuesday,MarketScreener reports.

Several other brokerages also recently issued reports on DVN. Barclays increased their price target on Devon Energy from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Argus upgraded shares of Devon Energy to a “strong-buy” rating in a report on Wednesday, November 26th. Siebert Williams Shank lifted their price target on shares of Devon Energy from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Benchmark reissued a “buy” rating on shares of Devon Energy in a research report on Friday, January 16th. Finally, BMO Capital Markets dropped their price objective on shares of Devon Energy from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.97.

Devon Energy Trading Down 0.4%

DVN opened at $43.21 on Tuesday. The firm’s fifty day moving average is $37.45 and its two-hundred day moving average is $35.27. The firm has a market cap of $27.11 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 3.80 and a beta of 0.61. Devon Energy has a twelve month low of $25.89 and a twelve month high of $43.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. The company had revenue of $0.00 million during the quarter, compared to analyst estimates of $4.10 billion. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. During the same quarter in the previous year, the business earned $1.10 EPS. Equities research analysts anticipate that Devon Energy will post 4.85 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Devon Energy by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 18,595,683 shares of the energy company’s stock worth $589,399,000 after purchasing an additional 218,034 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Devon Energy by 5.0% during the third quarter. Victory Capital Management Inc. now owns 11,845,958 shares of the energy company’s stock worth $415,319,000 after buying an additional 560,652 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Devon Energy by 6.3% during the third quarter. Dimensional Fund Advisors LP now owns 9,353,062 shares of the energy company’s stock worth $327,938,000 after acquiring an additional 552,068 shares in the last quarter. AQR Capital Management LLC lifted its stake in Devon Energy by 29.3% in the third quarter. AQR Capital Management LLC now owns 8,223,219 shares of the energy company’s stock valued at $288,306,000 after acquiring an additional 1,862,720 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Devon Energy by 1.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,784,270 shares of the energy company’s stock valued at $152,188,000 after acquiring an additional 77,433 shares during the period. 69.72% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Devon Energy

Here are the key news stories impacting Devon Energy this week:

• Positive Sentiment: Multiple analyst upgrades and higher price targets signal renewed buy-side conviction — Barclays upgraded Devon and Scotiabank boosted its price target to $45, while Susquehanna published a forecast calling for strong price appreciation. Barclays upgrades Devon Energy (DVN) Scotiabank Boosts Devon Energy Price Target to $45.00 Susquehanna Forecasts Strong Price Appreciation for Devon Energy Stock
• Positive Sentiment: Unusually high call-option volume (≈36,923 calls, ~56% above typical) suggests short-term bullish positioning or informed speculation that could support near-term upside if catalysts materialize. Behind the Scenes of Devon Energy’s Latest Options Trends
• Positive Sentiment: Earlier analyst coverage pushed the stock to a new 12‑month high after upgrades, confirming upside momentum that investors have been pricing in. Devon Energy Reaches New 12-Month High After Analyst Upgrade
• Positive Sentiment: Strategic merger chatter (Devon + Coterra) is being discussed as a potential consolidator play that could deliver scale and synergies for investors if it progresses. Devon Energy And Coterra Energy Merger Checks Quite A Few Boxes On Investors’ Lists
• Neutral Sentiment: Some coverage frames valuation as mixed — discussions about DCF vs. P/E gaps suggest analysts disagree on whether current pricing fully reflects fundamentals, creating both upside and downside scenarios depending on execution. Is Devon Energy Pricing Reflect Its DCF And P/E Valuation Gap Today
• Neutral Sentiment: Coverage roundup: some outlets note gains despite a weaker market, while broader analyst panels remain mixed/neutral on the energy group — suggesting stock moves may be driven more by headlines and flows than by new fundamental data. Devon Energy Gains As Market Dips Analysts Are Neutral on These Energy Stocks
• Negative Sentiment: Competitive risk: a large Delaware Basin deal by another Houston energy company could tighten acreage/price dynamics regionally, posing a potential headwind to Devon’s growth/asset economics if it raises local competition or costs. Houston energy company lands massive Delaware Basin deal worth billions

Devon Energy Company Profile

Devon Energy Corporation (NYSE: DVN) is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques.

Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow.