Wolfe Research Forecasts Strong Price Appreciation for Devon Energy (NYSE:DVN) Stock

Devon Energy (NYSE:DVN) had its price target hoisted by equities researchers at Wolfe Research from $57.00 to $58.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the energy company’s stock. Wolfe Research’s price target indicates a potential upside of 29.81% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Capital One Financial reduced their price target on Devon Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Morgan Stanley dropped their target price on shares of Devon Energy from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Weiss Ratings raised shares of Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group boosted their target price on shares of Devon Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Benchmark restated a “buy” rating on shares of Devon Energy in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Devon Energy has a consensus rating of “Moderate Buy” and an average price target of $46.32.

Devon Energy Stock Up 1.5%

DVN stock traded up $0.64 during mid-day trading on Wednesday, reaching $44.68. The company had a trading volume of 961,488 shares, compared to its average volume of 10,883,876. The firm has a fifty day simple moving average of $38.52 and a 200 day simple moving average of $35.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96. The company has a market capitalization of $28.03 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 4.06 and a beta of 0.61. Devon Energy has a fifty-two week low of $25.89 and a fifty-two week high of $45.32.

Devon Energy (NYSE:DVN) last released its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. Analysts forecast that Devon Energy will post 4.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Devon Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the company. PFS Partners LLC acquired a new position in Devon Energy during the third quarter worth $25,000. First Horizon Corp bought a new stake in shares of Devon Energy in the 3rd quarter valued at about $26,000. Caldwell Trust Co purchased a new position in shares of Devon Energy in the second quarter worth $25,000. Ameriflex Group Inc. grew its holdings in Devon Energy by 702.0% in the 3rd quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock worth $28,000 after acquiring an additional 702 shares during the last quarter. Finally, Accredited Wealth Management LLC raised its stake in shares of Devon Energy by 61.6% during the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock valued at $28,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Q4 beat on key metrics — Devon posted Q4 EPS slightly above consensus and revenue that topped estimates; production exceeded guidance and operating costs fell, supporting cash‑flow stability. Devon Q4 Earnings & Revenues Beat Estimates, Production Increases
• Positive Sentiment: Dividend hike/return of capital — management declared a quarterly dividend and some outlets report a 31% increase to $0.315/share, reinforcing Devon’s capital‑return policy and likely supporting income‑focused investors. Devon Energy raises dividend by 31% to $0.315 per share
• Positive Sentiment: Short interest fell — recent data show short interest decreased (~12.6%), which can reduce downside selling pressure relative to prior periods. Short Interest in Devon Energy Corporation (NYSE:DVN) Decreases By 12.6%
• Neutral Sentiment: 2026 outlook and analyst engagement — Devon issued its 2026 outlook and is hosting a conference call for investors; the guidance and management commentary will be key for near‑term sentiment. Devon Energy Reports Fourth-Quarter and Full-Year 2025 Results and Declares Quarterly Fixed Dividend
• Neutral Sentiment: Analyst stance and valuations — sell‑side coverage remains largely constructive (many Buy/Overweight ratings) with a median target near $44, so analyst views are not broadly negative even as the market digests results. Devon Energy Corporation (DVN) Stock Falls on Q4 2025 Earnings
• Negative Sentiment: Sharp year‑over‑year earnings and revenue compression — despite the beat, profitability and cash‑flow declined substantially versus last year (large YoY drops in net income and operating profit), driven by weaker commodity prices and lower topline comparisons; that deterioration is the main reason the stock slipped. Devon Energy Corporation (DVN) Stock Falls on Q4 2025 Earnings

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.