Devon Energy (NYSE:DVN) Stock Price Target Raised at JPMorgan Chase & Co.

Posted by Brenda Bartman on Oct 2nd, 2026

Devon Energy (NYSE:DVN – Get Free Report) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $60.00 to $65.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the energy company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 37.14% from the company’s current price.

Several other equities analysts also recently issued reports on DVN. Susquehanna upped their price objective on shares of Devon Energy from $57.00 to $63.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st. Stifel Nicolaus assumed coverage on Devon Energy in a research report on Thursday, September 10th. They set a “buy” rating and a $61.00 price target on the stock. Evercore upgraded shares of Devon Energy from an “in-line” rating to an “outperform” rating and set a $54.00 target price on the stock in a research report on Wednesday, June 10th. Citigroup upped their price target on shares of Devon Energy from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Finally, Raymond James Financial lifted their price objective on shares of Devon Energy from $64.00 to $67.00 and gave the company a “strong-buy” rating in a research note on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.11.

View Our Latest Stock Report on DVN

Devon Energy Stock Up 0.5%

Shares of DVN stock traded up $0.24 during trading hours on Friday, reaching $47.40. 2,412,053 shares of the stock were exchanged, compared to its average volume of 13,265,343. Devon Energy has a 12-month low of $31.47 and a 12-month high of $52.71. The business’s fifty day moving average is $46.94 and its two-hundred day moving average is $46.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a market capitalization of $52.14 billion, a P/E ratio of 11.27, a P/E/G ratio of 1.25 and a beta of 0.49.

Devon Energy (NYSE:DVN – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.17. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The company had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the previous year, the business earned $0.84 EPS. Devon Energy’s revenue for the quarter was up 73.1% on a year-over-year basis. As a group, research analysts expect that Devon Energy will post 5.27 EPS for the current fiscal year.

Insider Transactions at Devon Energy

In other Devon Energy news, CEO Clay Gaspar purchased 3,913 shares of the stock in a transaction on Monday, September 14th. The stock was bought at an average price of $51.08 per share, for a total transaction of $199,876.04. Following the acquisition, the chief executive officer directly owned 619,152 shares of the company’s stock, valued at $31,626,284.16. This represents a 0.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $50.95, for a total transaction of $344,218.20. Following the transaction, the executive vice president owned 72,720 shares in the company, valued at approximately $3,705,084. The trade was a 8.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.58% of the stock is currently owned by company insiders.

Institutional Trading of Devon Energy

A number of institutional investors and hedge funds have recently made changes to their positions in DVN. BlackRock Inc. boosted its holdings in Devon Energy by 57.6% in the second quarter. BlackRock Inc. now owns 95,378,854 shares of the energy company’s stock valued at $3,941,054,000 after acquiring an additional 34,871,366 shares during the last quarter. State Street Corp grew its holdings in shares of Devon Energy by 89.8% during the 2nd quarter. State Street Corp now owns 73,179,266 shares of the energy company’s stock worth $3,023,767,000 after purchasing an additional 34,615,088 shares during the period. Wellington Management Group LLP grew its holdings in shares of Devon Energy by 418.3% during the 2nd quarter. Wellington Management Group LLP now owns 51,522,376 shares of the energy company’s stock worth $2,128,905,000 after purchasing an additional 41,581,435 shares during the period. Victory Capital Management Inc. increased its position in Devon Energy by 17.5% during the 4th quarter. Victory Capital Management Inc. now owns 13,916,979 shares of the energy company’s stock worth $509,779,000 after purchasing an additional 2,071,021 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in Devon Energy during the 2nd quarter worth approximately $421,226,000. 69.72% of the stock is currently owned by institutional investors and hedge funds.

About Devon Energy

(Get Free Report)

Devon Energy Corporation (NYSE: DVN) is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company operates in the United States and focuses on onshore properties with oil- and liquids-rich resources.

Devon’s operations are concentrated in several major U.S. producing regions, including the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.