Analysts’ Weekly Ratings Updates for Devon Energy (DVN)

A number of research firms have changed their ratings and price targets for Devon Energy (NYSE: DVN):

• 1/28/2026 – Devon Energy was upgraded by analysts at Weiss Ratings from a “sell (d+)” rating to a “hold (c-)” rating.
• 1/27/2026 – Devon Energy had its price target raised by analysts at Wells Fargo & Company from $37.00 to $43.00. They now have an “overweight” rating on the stock.
• 1/26/2026 – Devon Energy had its price target raised by analysts at Susquehanna from $42.00 to $45.00. They now have a “positive” rating on the stock.
• 1/26/2026 – Devon Energy was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating.
• 1/26/2026 – Devon Energy had its price target raised by analysts at Siebert Williams Shank from $46.00 to $50.00. They now have a “buy” rating on the stock.
• 1/23/2026 – Devon Energy had its price target lowered by analysts at Morgan Stanley from $48.00 to $46.00. They now have an “overweight” rating on the stock.
• 1/21/2026 – Devon Energy had its price target raised by analysts at Barclays PLC from $40.00 to $42.00. They now have an “equal weight” rating on the stock.
• 1/20/2026 – Devon Energy had its price target raised by analysts at Jefferies Financial Group Inc. from $33.00 to $36.00. They now have a “hold” rating on the stock.
• 1/16/2026 – Devon Energy had its “buy” rating reaffirmed by analysts at Benchmark Co..
• 1/15/2026 – Devon Energy was downgraded by analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating. They now have a $41.00 price target on the stock, down previously from $47.00.
• 1/15/2026 – Devon Energy had its price target lowered by analysts at JPMorgan Chase & Co. from $44.00 to $41.00. They now have an “overweight” rating on the stock.
• 1/12/2026 – Devon Energy had its price target lowered by analysts at BMO Capital Markets from $48.00 to $45.00. They now have an “outperform” rating on the stock.
• 1/5/2026 – Devon Energy had its price target lowered by analysts at Wolfe Research from $53.00 to $48.00. They now have an “outperform” rating on the stock.
• 1/5/2026 – Devon Energy had its price target lowered by analysts at Sanford C. Bernstein from $48.00 to $42.00. They now have an “outperform” rating on the stock.
• 12/31/2025 – Devon Energy had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $42.00 price target on the stock.
• 12/29/2025 – Devon Energy had its “sell (d+)” rating reaffirmed by analysts at Weiss Ratings.
• 12/22/2025 – Devon Energy had its “sell (d+)” rating reaffirmed by analysts at Weiss Ratings.
• 12/17/2025 – Devon Energy had its price target raised by analysts at Citigroup Inc. from $43.00 to $44.00. They now have a “buy” rating on the stock.
• 12/15/2025 – Devon Energy had its “sell (d+)” rating reaffirmed by analysts at Weiss Ratings.
• 12/15/2025 – Devon Energy had its price target lowered by analysts at BMO Capital Markets from $50.00 to $48.00. They now have an “outperform” rating on the stock.
• 12/12/2025 – Devon Energy had its price target raised by analysts at Mizuho from $40.00 to $43.00. They now have an “outperform” rating on the stock.
• 12/12/2025 – Devon Energy was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $46.00 price target on the stock, up previously from $40.00.
• 12/11/2025 – Devon Energy had its price target raised by analysts at Morgan Stanley from $47.00 to $48.00. They now have an “overweight” rating on the stock.
• 12/8/2025 – Devon Energy had its “sell (d+)” rating reaffirmed by analysts at Weiss Ratings.
• 12/8/2025 – Devon Energy was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $44.00 price target on the stock, down previously from $49.00.
• 12/5/2025 – Devon Energy had its price target lowered by analysts at Johnson Rice from $70.00 to $62.00. They now have a “buy” rating on the stock.
• 12/3/2025 – Devon Energy had its price target raised by analysts at Raymond James Financial, Inc. from $42.00 to $44.00. They now have an “outperform” rating on the stock.
• 12/1/2025 – Devon Energy had its “sell (d+)” rating reaffirmed by analysts at Weiss Ratings.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were given a $0.24 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. Devon Energy’s payout ratio is 22.59%.

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.