Weekly Research Analysts’ Ratings Updates for Devon Energy (DVN)

A number of firms have modified their ratings and price targets on shares of Devon Energy (NYSE: DVN) recently:

• 9/10/2026 – Devon Energy is now covered by Stifel Nicolaus. They set a “buy” rating and a $61.00 price target on the stock.
• 9/9/2026 – Devon Energy was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 9/5/2026 – Devon Energy was downgraded by Wall Street Zen from “buy” to “hold”.
• 9/3/2026 – Devon Energy is now covered by Seaport Research Partners. They set a “buy” rating and a $65.00 price target on the stock.
• 9/2/2026 – Devon Energy is now covered by Seaport Research Partners. They set a “buy” rating and a $65.00 price target on the stock.
• 8/31/2026 – Devon Energy had its price target raised by Citigroup Inc. from $65.00 to $67.00. They now have a “buy” rating on the stock.
• 8/25/2026 – Devon Energy was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
• 8/17/2026 – Devon Energy had its price target lowered by Barclays PLC from $62.00 to $58.00. They now have an “overweight” rating on the stock.
• 8/17/2026 – Devon Energy had its “buy” rating reaffirmed by Argus. They now have a $45.85 price target on the stock.
• 8/15/2026 – Devon Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 8/13/2026 – Devon Energy had its price target lowered by Wells Fargo & Company from $68.00 to $65.00. They now have an “overweight” rating on the stock.
• 8/11/2026 – Devon Energy was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 8/6/2026 – Devon Energy had its price target raised by Truist Financial Corporation from $61.00 to $65.00. They now have a “buy” rating on the stock.
• 7/21/2026 – Devon Energy had its price target raised by Susquehanna from $57.00 to $63.00. They now have a “positive” rating on the stock.
• 7/16/2026 – Devon Energy had its price target lowered by Raymond James Financial, Inc. from $66.00 to $64.00. They now have a “strong-buy” rating on the stock.
• 7/15/2026 – Devon Energy had its price target lowered by UBS Group AG from $58.00 to $54.00. They now have a “buy” rating on the stock.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 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 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Devon Energy’s dividend payout ratio is currently 30.40%.

Devon Energy Corporation is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company also gathers, processes and transports hydrocarbons through related midstream infrastructure and markets its production to customers in the United States.

Devon’s operations are concentrated in U.S. onshore basins, including the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.