Devon Energy (NYSE:DVN) Stock Price Target Lowered at Barclays

Posted by George Bondi on Nov 7th, 2026

Devon Energy (NYSE:DVN – Free Report) had its price target cut by Barclays from $60.00 to $57.00 in a research report released on Friday morning,Benzinga reports. They currently have an overweight rating on the energy company’s stock.

A number of other equities research analysts also recently weighed in on DVN. UBS Group lifted their target price on Devon Energy from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Wells Fargo & Company decreased their price target on shares of Devon Energy from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Monday, September 28th. Susquehanna raised their price target on shares of Devon Energy from $57.00 to $63.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Scotiabank began coverage on shares of Devon Energy in a research note on Wednesday, October 14th. They issued a “sector outperform” rating and a $61.00 price objective for the company. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $67.00 price objective on shares of Devon Energy in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.61.

Check Out Our Latest Research Report on Devon Energy

Devon Energy Stock Performance

Shares of NYSE DVN traded down $0.66 during trading hours on Friday, reaching $42.22. 19,155,887 shares of the stock were exchanged, compared to its average volume of 8,706,947. The firm has a market capitalization of $46.45 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 1.27 and a beta of 0.43. The stock’s fifty day simple moving average is $48.64 and its 200 day simple moving average is $46.04. 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 has a 52 week low of $32.49 and a 52 week high of $52.71.

Devon Energy (NYSE:DVN – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The energy company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.57 billion. During the same period in the previous year, the company posted $1.04 EPS. The firm’s quarterly revenue was up 66.5% on a year-over-year basis. Sell-side analysts predict that Devon Energy will post 5.49 EPS for the current year.

Devon Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, December 15th. Devon Energy’s dividend payout ratio is presently 30.40%.

Insider Buying and Selling at Devon Energy

In other news, EVP Robert Ferrall Lowe III sold 6,756 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $50.95, for a total transaction of $344,218.20. Following the sale, the executive vice president directly owned 72,720 shares of the company’s stock, valued at approximately $3,705,084. This represents a 8.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Clay Gaspar purchased 3,913 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 619,152 shares of the company’s stock, valued at $31,626,284.16. This trade represents a 0.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 4.58% of the company’s stock.

Institutional Investors Weigh In On Devon Energy

Large investors have recently bought and sold shares of the company. Sigma Planning Corp raised its position in shares of Devon Energy by 3.5% in the 2nd quarter. Sigma Planning Corp now owns 6,902 shares of the energy company’s stock valued at $285,000 after buying an additional 233 shares in the last quarter. Retirement Planning Group LLC boosted its position in shares of Devon Energy by 4.5% during the 2nd quarter. Retirement Planning Group LLC now owns 5,647 shares of the energy company’s stock worth $233,000 after acquiring an additional 243 shares in the last quarter. JFS Wealth Advisors LLC boosted its position 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 acquiring an additional 245 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in Devon Energy by 32.4% in the third quarter. Physician Wealth Advisors Inc. now owns 1,062 shares of the energy company’s stock valued at $49,000 after acquiring an additional 260 shares during the last quarter. Finally, 71 West Capital Partners increased its stake in Devon Energy by 2.5% in the third quarter. 71 West Capital Partners now owns 11,004 shares of the energy company’s stock valued at $507,000 after acquiring an additional 268 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Devon Energy

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

Positive Sentiment: Devon reported Q3 adjusted earnings of $1.42 per share, ahead of analyst expectations. Production benefited from the Coterra merger, and the company generated about $2 billion in free cash flow. Management also raised expected merger synergies and plans to accelerate share repurchases. Devon Energy Posts $2 Billion in Free Cash Flow as Buybacks Accelerate
Positive Sentiment: Devon declared a quarterly dividend of $0.32 per share, payable December 30 to shareholders of record December 15. Devon Energy Reports Third-Quarter 2026 Results
Neutral Sentiment: Unusually high call-option activity suggests some traders are positioning for potential gains, but options volume alone does not establish the direction of future shares.
Neutral Sentiment: Barclays lowered its price target to $57 from $60 but kept an Overweight rating, leaving the analyst’s view positive while trimming its valuation outlook.
Negative Sentiment: Despite the earnings beat and strong year-over-year growth, Q3 revenue missed some analyst estimates—an offset to the production and cash-flow positives. Devon Q3 Earnings Outpace Estimates on Higher Output, Revenues Miss
Negative Sentiment: Activist investor TOMS Capital renewed calls for a strategic transaction, saying it was disappointed by Devon’s decision against an asset sale while expressing willingness to engage with interested acquirers. The pressure may add uncertainty around the company’s strategy and capital allocation. TCIM Issues Statement Regarding Devon Energy’s Strategic Review

About Devon Energy

(Get Free Report)

Devon Energy Corporation is an independent energy company focused on exploring for and producing oil, natural gas and natural gas liquids. Its activities include developing and operating producing properties and managing the infrastructure needed to bring its products to market.

Founded in 1971, Devon is headquartered in Oklahoma City. Its operations are concentrated in U.S. onshore basins, including the Delaware Basin, Eagle Ford, Anadarko, Williston and Powder River basins.

The company’s portfolio has evolved through acquisitions and asset sales over its history.