Devon Energy (NYSE:DVN) Given New $41.00 Price Target at JPMorgan Chase & Co.

Devon Energy (NYSE:DVN) had its target price cut by equities researchers at JPMorgan Chase & Co. from $44.00 to $41.00 in a research note issued on Thursday,MarketScreener reports. The firm presently has an “overweight” rating on the energy company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 12.76% from the stock’s current price.

A number of other research firms have also commented on DVN. Raymond James Financial raised their price target on Devon Energy from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Devon Energy in a research report on Monday, December 29th. Johnson Rice cut their price objective on shares of Devon Energy from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Evercore ISI increased their target price on Devon Energy from $34.00 to $37.00 and gave the stock an “in-line” rating in a report on Monday, October 6th. Finally, Scotiabank reissued an “outperform” rating on shares of Devon Energy in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.41.

Devon Energy Price Performance

Shares of NYSE:DVN traded down $1.56 during midday trading on Thursday, reaching $36.36. The company’s stock had a trading volume of 22,427,349 shares, compared to its average volume of 11,314,007. The business’s fifty day simple moving average is $36.21 and its 200-day simple moving average is $34.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.87. Devon Energy has a fifty-two week low of $25.89 and a fifty-two week high of $38.88. The company has a market capitalization of $22.81 billion, a P/E ratio of 8.56, a P/E/G ratio of 3.12 and a beta of 0.60.

Devon Energy (NYSE:DVN) last issued 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 business had revenue of $0.00 million for the quarter, compared to analyst estimates of $4.10 billion. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.During the same quarter in the prior year, the firm posted $1.10 earnings per share. As a group, equities research analysts expect that Devon Energy will post 4.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Devon Energy

A number of hedge funds and other institutional investors have recently modified their holdings of DVN. Woodline Partners LP raised its stake in Devon Energy by 98.8% during the first quarter. Woodline Partners LP now owns 115,780 shares of the energy company’s stock worth $4,330,000 after buying an additional 57,555 shares during the last quarter. Czech National Bank grew its holdings in Devon Energy by 4.0% during the 2nd quarter. Czech National Bank now owns 156,927 shares of the energy company’s stock worth $4,992,000 after acquiring an additional 6,048 shares during the period. Pallas Capital Advisors LLC raised its position in shares of Devon Energy by 187.6% in the 2nd quarter. Pallas Capital Advisors LLC now owns 57,713 shares of the energy company’s stock worth $1,836,000 after acquiring an additional 37,648 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Devon Energy in the 2nd quarter valued at about $403,000. Finally, Signal Advisors Wealth LLC lifted its stake in shares of Devon Energy by 714.5% in the 2nd quarter. Signal Advisors Wealth LLC now owns 77,068 shares of the energy company’s stock valued at $2,452,000 after purchasing an additional 67,606 shares during the period. Institutional investors and hedge funds own 69.72% of the company’s stock.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: Analysts remain constructive on Devon’s operational outlook for 2026 — Barclays and other coverage highlight upside to production and a $40 price target on DVN, which supports longer‑term investor confidence. Analysts Optimistic on Devon Energy’s (DVN) 2026 Production Outlook
• Positive Sentiment: Unusual call option activity has been reported, which market participants interpret as bets on a dividend increase or other shareholder-friendly action around the Feb. 17 earnings release — a potential positive catalyst if realized. Devon Energy Unusual Call Option Activity – Investors Expecting a Dividend Hike?
• Positive Sentiment: DVN showed bullish intraday momentum on Jan. 14, indicating there remains buyer interest ahead of earnings and any corporate developments. Devon Energy (DVN) Rises As Market Takes a Dip: Key Facts
• Neutral Sentiment: Broader analyst commentary and coverage on DVN’s valuation and Wall Street ratings continue to matter to investors, but they don’t appear to be the immediate driver of today’s move. Is It Worth Investing in Devon Energy (DVN) Based on Wall Street’s Bullish Views?
• Negative Sentiment: Multiple outlets report Devon and Coterra are in merger talks to form one of the largest independent U.S. shale producers — markets appear uncertain about who would lead the combined company, potential dilution, regulatory hurdles and integration risks, which is weighing on Devon shares today. Exclusive: US shale producers Devon Energy and Coterra Energy in merger talks, sources say
• Negative Sentiment: Additional reports (Bloomberg/MSN/Financial Post) describe Coterra exploring a potential deal and frame this as a possible “megadeal” in oil & gas — the headlines have pushed Coterra shares higher while Devon trades lower on deal uncertainty. Devon Energy, Coterra Energy reportedly hold merger talks Coterra Energy exploring potential merger deal with Devon Energy – Bloomberg Coterra Considers Combining With Devon Energy in Oil Megadeal
• Negative Sentiment: Market reaction is confirmed by coverage noting Coterra’s stock rising as Devon falls — the immediate impact is sentiment-driven until any formal deal terms are announced. Coterra stock rises, Devon falls following report on merger talks

About Devon Energy

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.