Devon Energy (NYSE:DVN) Rating Increased to Strong-Buy at Seaport Research Partners

Posted by George Bondi on Sep 4th, 2026

Seaport Research Partners upgraded shares of Devon Energy (NYSE:DVN – Free Report) to a strong-buy rating in a research report sent to investors on Wednesday, Marketbeat Ratings reports.

Several other equities research analysts have also recently issued reports on the stock. Zacks Research cut shares of Devon Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. BMO Capital Markets reissued an “outperform” rating on shares of Devon Energy in a research report on Wednesday, June 10th. The Goldman Sachs Group reduced their price objective on shares of Devon Energy from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. UBS Group decreased their target price on shares of Devon Energy from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, Argus reaffirmed a “buy” rating and issued a $45.85 target price on shares of Devon Energy in a research note on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.23.

Get Our Latest Analysis on DVN

Devon Energy Stock Performance

Devon Energy stock opened at $48.73 on Wednesday. Devon Energy has a fifty-two week low of $31.47 and a fifty-two week high of $52.71. The company has a market capitalization of $53.60 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.35 and a beta of 0.37. The stock has a fifty day moving average of $44.67 and a two-hundred day moving average of $45.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.67 and a current ratio of 0.72.

Devon Energy (NYSE:DVN – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.17. The business had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $6.01 billion. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The business’s revenue was up 73.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 earnings per share. On average, analysts anticipate that Devon Energy will post 5.2 EPS for the current fiscal year.

Devon Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Devon Energy’s payout ratio is presently 30.40%.

Insider Buying and Selling

In related news, SVP Andrea Alexander sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total transaction of $841,320.00. Following the completion of the transaction, the senior vice president owned 138,529 shares of the company’s stock, valued at approximately $6,474,845.46. This represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.58% of the company’s stock.

Institutional Trading of Devon Energy

Several institutional investors have recently made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Devon Energy during the fourth quarter worth about $25,000. JFS Wealth Advisors LLC grew its holdings in shares of Devon Energy by 56.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company’s stock worth $28,000 after purchasing an additional 245 shares during the period. Parvin Asset Management LLC purchased a new stake in shares of Devon Energy during the 2nd quarter worth about $28,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Devon Energy during the 2nd quarter worth approximately $29,000. Finally, GoalVest Advisory LLC acquired a new stake in Devon Energy during the 2nd quarter worth approximately $30,000. 69.72% of the stock is owned by hedge funds and other institutional investors.

Devon Energy Company Profile

(Get Free Report)

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.