Devon Energy (NYSE:DVN) Price Target Raised to $45.00

Devon Energy (NYSE:DVN) had its price target increased by Scotiabank from $41.00 to $45.00 in a report published on Tuesday, Marketbeat reports. Scotiabank currently has a sector perform rating on the energy company’s stock.

DVN has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their target price on shares of Devon Energy from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Zacks Research lowered shares of Devon Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Johnson Rice dropped their price objective on shares of Devon Energy from $70.00 to $62.00 and set a “buy” rating for the company in a report on Friday, December 5th. UBS Group upgraded shares of Devon Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $40.00 to $46.00 in a research report on Friday, December 12th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Devon Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.97.

Devon Energy Stock Performance

Shares of DVN opened at $43.21 on Tuesday. Devon Energy has a 1 year low of $25.89 and a 1 year high of $43.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.87. The stock’s fifty day moving average price is $37.45 and its two-hundred day moving average price is $35.27. The firm has a market cap of $27.11 billion, a PE ratio of 10.17, a PEG ratio of 3.80 and a beta of 0.61.

Devon Energy (NYSE:DVN) last posted its earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share for the quarter, topping the consensus estimate 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 net margin of 15.56% and a return on equity of 18.14%. During the same quarter last year, the company earned $1.10 earnings per share. On average, equities research analysts forecast that Devon Energy will post 4.85 EPS for the current year.

Institutional Investors Weigh In On Devon Energy

Large investors have recently added to or reduced their stakes in the company. TD Asset Management Inc lifted its holdings in shares of Devon Energy by 6.4% during the second quarter. TD Asset Management Inc now owns 267,322 shares of the energy company’s stock valued at $8,504,000 after purchasing an additional 16,106 shares in the last quarter. Greatmark Investment Partners Inc. increased its holdings in Devon Energy by 5.6% in the 3rd quarter. Greatmark Investment Partners Inc. now owns 571,925 shares of the energy company’s stock worth $20,052,000 after buying an additional 30,435 shares in the last quarter. Natixis raised its position in Devon Energy by 101.4% in the 2nd quarter. Natixis now owns 73,902 shares of the energy company’s stock worth $2,351,000 after buying an additional 37,211 shares during the last quarter. RPG Investment Advisory LLC lifted its stake in Devon Energy by 11.0% during the 3rd quarter. RPG Investment Advisory LLC now owns 287,110 shares of the energy company’s stock valued at $10,063,000 after acquiring an additional 28,532 shares during the period. Finally, CWM LLC boosted its holdings in shares of Devon Energy by 70.0% during the 3rd quarter. CWM LLC now owns 336,861 shares of the energy company’s stock valued at $11,810,000 after acquiring an additional 138,717 shares during the last quarter. Institutional investors 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: Multiple analyst upgrades and higher price targets signal renewed buy-side conviction — Barclays upgraded Devon and Scotiabank boosted its price target to $45, while Susquehanna published a forecast calling for strong price appreciation. Barclays upgrades Devon Energy (DVN) Scotiabank Boosts Devon Energy Price Target to $45.00 Susquehanna Forecasts Strong Price Appreciation for Devon Energy Stock
• Positive Sentiment: Unusually high call-option volume (≈36,923 calls, ~56% above typical) suggests short-term bullish positioning or informed speculation that could support near-term upside if catalysts materialize. Behind the Scenes of Devon Energy’s Latest Options Trends
• Positive Sentiment: Earlier analyst coverage pushed the stock to a new 12‑month high after upgrades, confirming upside momentum that investors have been pricing in. Devon Energy Reaches New 12-Month High After Analyst Upgrade
• Positive Sentiment: Strategic merger chatter (Devon + Coterra) is being discussed as a potential consolidator play that could deliver scale and synergies for investors if it progresses. Devon Energy And Coterra Energy Merger Checks Quite A Few Boxes On Investors’ Lists
• Neutral Sentiment: Some coverage frames valuation as mixed — discussions about DCF vs. P/E gaps suggest analysts disagree on whether current pricing fully reflects fundamentals, creating both upside and downside scenarios depending on execution. Is Devon Energy Pricing Reflect Its DCF And P/E Valuation Gap Today
• Neutral Sentiment: Coverage roundup: some outlets note gains despite a weaker market, while broader analyst panels remain mixed/neutral on the energy group — suggesting stock moves may be driven more by headlines and flows than by new fundamental data. Devon Energy Gains As Market Dips Analysts Are Neutral on These Energy Stocks
• Negative Sentiment: Competitive risk: a large Delaware Basin deal by another Houston energy company could tighten acreage/price dynamics regionally, posing a potential headwind to Devon’s growth/asset economics if it raises local competition or costs. Houston energy company lands massive Delaware Basin deal worth billions

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.