Zacks Research Downgrades Devon Energy (NYSE:DVN) to Strong Sell

Devon Energy (NYSE:DVN) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports. Zacks Research also issued estimates for Devon Energy’s Q1 2026 earnings at $0.96 EPS, Q3 2026 earnings at $0.96 EPS, Q4 2026 earnings at $0.87 EPS, FY2026 earnings at $3.68 EPS, Q1 2027 earnings at $1.09 EPS, Q2 2027 earnings at $1.06 EPS, Q3 2027 earnings at $1.18 EPS, Q4 2027 earnings at $1.12 EPS and FY2027 earnings at $4.45 EPS.

A number of other analysts have also recently commented on the company. Jefferies Financial Group boosted their target price on Devon Energy from $33.00 to $36.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Siebert Williams Shank boosted their price objective on Devon Energy from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company raised their target price on shares of Devon Energy from $37.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday. Johnson Rice reduced their price target on shares of Devon Energy from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, December 5th. Finally, Evercore ISI increased their price target on shares of Devon Energy from $34.00 to $37.00 and gave the stock an “in-line” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Devon Energy has an average rating of “Moderate Buy” and an average price target of $44.76.

Devon Energy Stock Up 0.2%

Shares of NYSE DVN traded up $0.09 during midday trading on Monday, hitting $39.54. 3,617,358 shares of the company’s stock were exchanged, compared to its average volume of 9,593,031. The firm’s fifty day simple moving average is $36.72 and its 200-day simple moving average is $34.88. The company has a market cap of $24.81 billion, a PE ratio of 9.34, a P/E/G ratio of 3.64 and a beta of 0.60. Devon Energy has a twelve month low of $25.89 and a twelve month high of $39.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.87.

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

Institutional Trading of Devon Energy

A number of large investors have recently made changes to their positions in DVN. Woodline Partners LP lifted its stake in shares of Devon Energy by 98.8% in the 1st quarter. Woodline Partners LP now owns 115,780 shares of the energy company’s stock valued at $4,330,000 after purchasing an additional 57,555 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Devon Energy during the 2nd quarter worth approximately $403,000. Perigon Wealth Management LLC grew its position in shares of Devon Energy by 10.9% during the second quarter. Perigon Wealth Management LLC now owns 6,937 shares of the energy company’s stock worth $221,000 after buying an additional 682 shares in the last quarter. Childress Capital Advisors LLC grew its holdings in Devon Energy by 3.5% during the 2nd quarter. Childress Capital Advisors LLC now owns 42,006 shares of the energy company’s stock worth $1,336,000 after acquiring an additional 1,401 shares in the last quarter. Finally, Lynx Investment Advisory grew its stake in Devon Energy by 3.3% in the second quarter. Lynx Investment Advisory now owns 15,165 shares of the energy company’s stock worth $482,000 after purchasing an additional 488 shares in the last quarter. Institutional investors and hedge funds 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: Siebert Williams Shank raised its price target for DVN to $50. This higher target signals bullish analyst conviction that could support further upside if adopted by other brokers. Siebert Williams Shank Boosts Devon Energy Price Target
• Neutral Sentiment: Coverage piece highlighting Devon’s 5‑year investor returns provides context on historical performance but is informational rather than a direct catalyst. If You Invested $1000 In Devon Energy Stock 5 Years Ago
• Neutral Sentiment: Article noting rising relative strength for DVN signals improving technical momentum for some traders but is not a fundamental earnings catalyst. Stocks with rising relative strength: Devon Energy
• Negative Sentiment: Zacks Research downgraded DVN from “Hold” to “Strong Sell” and revised many near‑term and FY2026/FY2027 EPS estimates lower (FY2027 reduced to $4.45 from $4.55; FY2026 to $3.68 from $3.71), while trimming several quarterly forecasts — a multi‑point cut that directly pressures sentiment and could lead some holders to reduce positions. Zacks Research Downgrade and EPS Revisions

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.