Devon Energy (NYSE:DVN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Devon Energy (NYSE:DVN) had its price target hoisted by investment analysts at BMO Capital Markets from $45.00 to $55.00 in a note issued to investors on Tuesday,MarketScreener reports. The firm presently has an “outperform” rating on the energy company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 26.41% from the stock’s previous close.

A number of other brokerages have also recently weighed in on DVN. TD Cowen raised shares of Devon Energy to a “hold” rating in a research report on Monday, February 9th. Susquehanna boosted their price objective on Devon Energy from $47.00 to $52.00 and gave the stock a “positive” rating in a research note on Friday, February 20th. Morgan Stanley decreased their target price on Devon Energy from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Jefferies Financial Group increased their target price on Devon Energy from $33.00 to $36.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Finally, Argus boosted their price target on Devon Energy from $41.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Twenty-three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.65.

Devon Energy Stock Down 1.1%

DVN opened at $43.51 on Tuesday. Devon Energy has a 1 year low of $25.89 and a 1 year high of $46.15. The firm has a 50 day moving average price of $40.10 and a 200 day moving average price of $36.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.90 and a current ratio of 0.98. The company has a market cap of $26.98 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 4.38 and a beta of 0.56.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Tuesday, February 17th. The energy company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. The firm had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the previous year, the company posted $1.10 earnings per share. Devon Energy’s revenue was down 6.4% compared to the same quarter last year. Sell-side analysts expect that Devon Energy will post 4.85 earnings per share for the current year.

Institutional Trading of Devon Energy

A number of hedge funds have recently made changes to their positions in the stock. Tulsa Wealth Advisors INC bought a new position in Devon Energy during the 4th quarter valued at $343,000. Tobam raised its stake in shares of Devon Energy by 16.4% in the 4th quarter. Tobam now owns 1,633 shares of the energy company’s stock valued at $60,000 after purchasing an additional 230 shares in the last quarter. MidFirst Bank acquired a new stake in shares of Devon Energy in the 4th quarter valued at about $927,000. SG Trading Solutions LLC bought a new position in shares of Devon Energy during the fourth quarter worth about $891,000. Finally, Pacer Advisors Inc. grew its stake in Devon Energy by 2,108.0% in the fourth quarter. Pacer Advisors Inc. now owns 6,386,921 shares of the energy company’s stock worth $233,953,000 after purchasing an additional 6,097,658 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy News Summary

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

• Positive Sentiment: BMO Capital Markets raised its price target to $55 and maintained an “Outperform” rating, implying roughly 25% upside from the recent price. That call can attract momentum buying and provides a counterweight to recent downgrades. MarketScreener
• Positive Sentiment: Mizuho reaffirmed an Outperform rating and a $51 price target after Devon’s Q4 results (revenue beat at ~$4.12B, EPS roughly in line). That reinforces a view that Devon can deliver near-term operating resilience even as some models get trimmed. Mizuho Reaffirms Outperform
• Positive Sentiment: Heightened Middle East tensions and headlines suggesting strikes involving Iran have prompted analysts and outlets to expect oil-price spikes—an external catalyst that would likely boost cash flow and margins for large U.S. producers like Devon. This macro/geopolitical risk is a potential upside trigger for the stock. Oil price article
• Negative Sentiment: Zacks Research issued a sweeping set of earnings cuts across 2026–2028 (multiple quarterly and full‑year downgrades) and carries a “Strong Sell” rating. Notable revisions include FY2026 EPS trimmed to ~$2.86 (from ~$3.68 prior) and FY2027 to ~$3.30 (from ~$4.45), plus sharp cuts to several quarterly estimates (many quarters cut by large percentages). Those revisions increase near‑term downside risk as models are repriced and investor sentiment weakens. See the Devon profile for the Zacks coverage reference. Devon profile

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.