Devon Energy (NYSE:DVN) Price Target Raised to $47.00

Devon Energy (NYSE:DVN) had its target price upped by Susquehanna from $45.00 to $47.00 in a report released on Tuesday morning, Marketbeat.com reports. Susquehanna currently has a positive rating on the energy company’s stock.

A number of other analysts have also issued reports on DVN. Royal Bank Of Canada set a $42.00 price target on shares of Devon Energy and gave the stock a “sector perform” rating in a research report on Friday, October 10th. Weiss Ratings upgraded shares of Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 28th. Wolfe Research lowered their price target on shares of Devon Energy from $53.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Zacks Research downgraded shares of Devon Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Citigroup lifted their price objective on Devon Energy from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Devon Energy presently has an average rating of “Moderate Buy” and a consensus price target of $45.97.

Devon Energy Price Performance

DVN opened at $43.21 on Tuesday. The firm has a market capitalization of $27.11 billion, a P/E ratio of 10.17, a PEG ratio of 3.80 and a beta of 0.61. The stock has a fifty day moving average of $37.45 and a 200-day moving average of $35.27. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. Devon Energy has a 12-month low of $25.89 and a 12-month high of $43.68.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The business had revenue of $0.00 million for the quarter, compared to the consensus estimate of $4.10 billion. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.During the same quarter in the previous year, the company posted $1.10 earnings per share. Equities analysts forecast that Devon Energy will post 4.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Devon Energy

Institutional investors have recently modified their holdings of the company. Caldwell Trust Co acquired a new position in Devon Energy in the 2nd quarter valued at $25,000. PFS Partners LLC bought a new stake in Devon Energy during the third quarter valued at about $25,000. First Horizon Corp acquired a new stake in shares of Devon Energy in the third quarter valued at about $26,000. Accredited Wealth Management LLC increased its stake in shares of Devon Energy by 61.6% in the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after purchasing an additional 308 shares during the period. Finally, Ameriflex Group Inc. lifted its position in shares of Devon Energy by 702.0% during the 3rd quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock worth $28,000 after purchasing an additional 702 shares during the last quarter. Institutional investors own 69.72% of the company’s stock.

More Devon Energy News

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

About Devon Energy

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.