Devon Energy Corporation (NYSE:DVN) Given Consensus Rating of “Moderate Buy” by Analysts

Devon Energy Corporation (NYSE:DVN) has been assigned an average rating of “Moderate Buy” from the thirty analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, twenty have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $44.3103.

Several research firms have commented on DVN. Morgan Stanley lowered their price objective on shares of Devon Energy from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday. The Goldman Sachs Group increased their price target on shares of Devon Energy from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Sanford C. Bernstein reduced their price objective on Devon Energy from $48.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Wells Fargo & Company lowered their price objective on Devon Energy from $43.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Devon Energy in a report on Monday, December 29th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DVN. Bridgewater Advisors Inc. raised its holdings in shares of Devon Energy by 11.3% in the fourth quarter. Bridgewater Advisors Inc. now owns 9,362 shares of the energy company’s stock worth $353,000 after buying an additional 947 shares during the period. Farther Finance Advisors LLC grew its position in Devon Energy by 22.1% in the 4th quarter. Farther Finance Advisors LLC now owns 21,229 shares of the energy company’s stock valued at $778,000 after acquiring an additional 3,846 shares during the last quarter. Freestone Capital Holdings LLC purchased a new stake in Devon Energy in the fourth quarter worth $306,000. Patton Fund Management Inc. bought a new stake in shares of Devon Energy during the fourth quarter worth $245,000. Finally, Chronos Wealth Management LLC bought a new stake in shares of Devon Energy during the fourth quarter worth $209,000. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Stock Performance

Shares of NYSE DVN opened at $38.63 on Friday. The company has a market cap of $24.23 billion, a P/E ratio of 9.09, a P/E/G ratio of 3.44 and a beta of 0.60. Devon Energy has a 52-week low of $25.89 and a 52-week high of $39.19. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96. The firm’s fifty day moving average is $36.57 and its two-hundred day moving average is $34.81.

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

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, December 15th. Devon Energy’s payout ratio is presently 22.59%.

More Devon Energy News

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

• Positive Sentiment: BofA raised its price target to $46 and kept a Buy rating, citing Devon’s resilient portfolio — a clear vote of confidence that can support further upside. BofA Lifts Devon Energy (DVN) PT to $46, Favoring Its Resilient Portfolio
• Positive Sentiment: Barclays analyst commentary flagged upside for DVN and said the stock is expected to rise, adding momentum to the bullish narrative. Devon Energy (NYSE:DVN) Stock Price Expected to Rise, Barclays Analyst Says
• Positive Sentiment: Investor’s Business Daily upgraded DVN’s relative price strength, a technical endorsement that often attracts momentum-focused traders. IBD rating upgrades: Devon Energy shows improved relative price strength
• Neutral Sentiment: Seeking Alpha published a bullish take noting “continued room to grow,” but this is an analytic view rather than a concrete catalyst. Devon Energy Has Continued Room To Grow
• Neutral Sentiment: Zacks noted DVN outperformed the market in the recent session (stock moved higher), but this is observational and not a fresh fundamental driver. Devon Energy (DVN) Surpasses Market Returns: Some Facts Worth Knowing
• Neutral Sentiment: Two analyst roundups (The Globe and Mail) discussed Devon alongside peers — useful context but no major new catalyst. Analysts Offer Insights on Energy Companies: Devon Energy (DVN) and Kinder Morgan (KMI)
• Neutral Sentiment: An American Banking News note raised a price target to $36 (a raise from prior levels but below current trading), which limits perceived upside relative to other higher PTs. Devon Energy (NYSE:DVN) Price Target Raised to $36.00
• Negative Sentiment: A Yahoo/Finance piece questioned whether investors should “reconsider” DVN after mixed share performance, flagging that some caution remains amid variable flows and market conditions. Is It Time To Reconsider Devon Energy (DVN) After Mixed Share Price Performance?

Devon Energy Company Profile

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.