Brokerages Set Devon Energy Corporation (NYSE:DVN) Target Price at $52.18

Devon Energy Corporation (NYSE:DVN) has received an average recommendation of “Moderate Buy” from the thirty-one research firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $53.25.

A number of analysts have recently commented on the company. Jefferies Financial Group upped their price target on Devon Energy from $44.00 to $53.00 and gave the company a “hold” rating in a research note on Monday. Capital One Financial dropped their price objective on Devon Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday. Susquehanna raised their price target on Devon Energy from $47.00 to $52.00 and gave the stock a “positive” rating in a research report on Friday, February 20th. Raymond James Financial upped their price target on shares of Devon Energy from $44.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. Finally, Wolfe Research lifted their price target on Devon Energy from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, April 6th.

Devon Energy Trading Down 0.0%

Shares of NYSE DVN opened at $45.23 on Thursday. Devon Energy has a fifty-two week low of $28.61 and a fifty-two week high of $52.71. The firm has a market capitalization of $28.11 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.88 and a beta of 0.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.90. The company’s 50 day simple moving average is $46.31 and its 200 day simple moving average is $39.43.

Devon Energy (NYSE:DVN) last issued its earnings results on Tuesday, February 17th. The energy company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the company posted $1.10 EPS. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, analysts predict that Devon Energy will post 4.85 EPS for the current year.

Devon Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $0.24 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. Devon Energy’s dividend payout ratio (DPR) is presently 23.02%.

Devon Energy News Roundup

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

• Positive Sentiment: Capital One trimmed its price target only slightly (from $64 to $63) and maintained an Overweight rating, implying ~39% upside from current levels — a vote of confidence from a major shop. Capital One adjusts price target on Devon Energy to $63 from $64; maintains overweight rating
• Positive Sentiment: Jefferies published a bullish note saying Devon’s stock is expected to rise, supporting near?term investor optimism. Devon Energy Stock Price Expected to Rise, Jefferies Says
• Positive Sentiment: Unusual options activity: investors bought ~37,050 call options (?41% above typical daily call volume), which can signal speculative bullish positioning or hedging ahead of catalysts (earnings). No link provided
• Neutral Sentiment: Devon appears on a Seeking Alpha “Undercovered Dozen” list — increased visibility but no direct fundamental change. Undercovered Dozen: Zscaler, Aeluma, Devon Energy And More
• Negative Sentiment: Analysts expect Devon’s Q1 2026 results to show a double?digit EPS decline versus a year ago, creating downward earnings pressure ahead of the May 5 release. What to Expect From Devon Energy’s Q1 2026 Earnings Report
• Negative Sentiment: Oil prices pulled back amid shifting Middle East headlines and hopes of renewed U.S.–Iran talks, pressuring E&P names; Susquehanna cut its Devon target to $41 (from $52) citing a weaker oil outlook, adding selling pressure. Devon Energy falls as crude prices pull back and an analyst cuts its price target
• Negative Sentiment: Market coverage noted a recent intraday pullback (~?4.3%), reflecting the combination of weaker crude, analyst note flows and pre?earnings caution. Devon Energy (DVN) Stock Dips While Market Gains: Key Facts

Hedge Funds Weigh In On Devon Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caldwell Trust Co bought a new stake in shares of Devon Energy in the 2nd quarter valued at about $25,000. PFS Partners LLC acquired a new stake in Devon Energy during the 3rd quarter valued at $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Devon Energy in the fourth quarter valued at $25,000. First Horizon Corp bought a new stake in shares of Devon Energy during the 3rd quarter worth about $26,000. Finally, Accredited Wealth Management LLC grew its stake in Devon Energy by 61.6% in the 3rd quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock valued at $28,000 after buying an additional 308 shares during the last quarter. 69.72% of the stock is owned by institutional investors.

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.