Devon Energy (NYSE:DVN) Price Target Raised to $50.00

Devon Energy (NYSE:DVN) had its price objective lifted by Siebert Williams Shank from $46.00 to $50.00 in a report released on Monday morning,MarketScreener reports. They currently have a buy rating on the energy company’s stock.

Several other research analysts have also commented on DVN. Barclays lifted their price objective on shares of Devon Energy from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. Evercore ISI increased their price target on Devon Energy from $34.00 to $37.00 and gave the stock an “in-line” rating in a research report on Monday, October 6th. Citigroup upped their target price on Devon Energy from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Scotiabank downgraded shares of Devon Energy from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $47.00 to $41.00 in a research report on Thursday, January 15th. Finally, Wolfe Research reduced their target price on Devon Energy from $53.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.76.

Devon Energy Trading Up 1.0%

Shares of DVN stock opened at $39.85 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. Devon Energy has a 12-month low of $25.89 and a 12-month high of $39.99. The stock’s 50-day moving average price is $36.81 and its 200-day moving average price is $34.92. The stock has a market capitalization of $25.00 billion, a price-to-earnings ratio of 9.38, a price-to-earnings-growth ratio of 3.61 and a beta of 0.60.

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

Devon Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, December 15th. Devon Energy’s dividend payout ratio (DPR) is 22.59%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DVN. Aprio Wealth Management LLC increased its stake in shares of Devon Energy by 4.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 7,521 shares of the energy company’s stock valued at $264,000 after purchasing an additional 297 shares in the last quarter. Accredited Wealth Management LLC boosted its position in Devon Energy by 61.6% during the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after acquiring an additional 308 shares during the last quarter. Lindenwold Advisors INC grew its position in shares of Devon Energy by 1.2% in the third quarter. Lindenwold Advisors INC now owns 27,094 shares of the energy company’s stock valued at $950,000 after purchasing an additional 314 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in Devon Energy by 2.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,620 shares of the energy company’s stock valued at $442,000 after buying an additional 318 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Devon Energy by 0.4% in the 2nd quarter. Yousif Capital Management LLC now owns 87,272 shares of the energy company’s stock valued at $2,776,000 after purchasing an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy News Roundup

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

• Positive Sentiment: Siebert Williams Shank raised its price target on Devon to $50, a bullish signal that can attract buyers and support further upside if investors follow the upgraded target. Read More.
• Positive Sentiment: Within Zacks’ package of revisions there were small upward tweaks to a couple quarters (Q1 2026 to $0.96 from $0.95 and Q2 2027 to $1.06 from $1.03), which slightly offsets the negatives by nudging near-term EPS expectations higher for those periods. Read More.
• Neutral Sentiment: A Benzinga piece highlighting Devon’s five‑year share performance may help longer‑term sentiment and retail interest, but it is unlikely to move the stock materially on its own. Read More.
• Negative Sentiment: Zacks Research downgraded Devon from “Hold” to a firm “Strong Sell” — a reputational negative that tends to pressure flows and could prompt some portfolio managers to reduce exposure. Read More.
• Negative Sentiment: Zacks cut multiple earnings forecasts across FY2026 and FY2027 (FY2026 to $3.68 from $3.71; FY2027 to $4.45 from $4.55) and trimmed several quarterly EPS forecasts. The net effect is lower analyst earnings expectations, which is bearish for the stock’s near‑term valuation. Read More.

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.