Devon Energy (NYSE:DVN) Sets New 1-Year High – Still a Buy?

Devon Energy Corporation (NYSE:DVN)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $39.19 and last traded at $38.9350, with a volume of 1038076 shares traded. The stock had previously closed at $37.98.

Trending Headlines about Devon Energy

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?

Analysts Set New Price Targets

DVN has been the subject of several analyst reports. Scotiabank cut shares of Devon Energy from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $47.00 to $41.00 in a research note on Thursday, January 15th. The Goldman Sachs Group raised their target price on Devon Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Devon Energy in a research note on Monday, December 29th. Evercore ISI increased their price target on Devon Energy from $34.00 to $37.00 and gave the stock an “in-line” rating in a report on Monday, October 6th. Finally, Royal Bank Of Canada set a $42.00 price objective on shares of Devon Energy and gave the company a “sector perform” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.31.

Devon Energy Price Performance

The company has a fifty day moving average of $36.57 and a 200-day moving average of $34.81. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The stock has a market cap of $24.23 billion, a PE ratio of 9.09, a P/E/G ratio of 3.50 and a beta of 0.60.

Devon Energy (NYSE:DVN) last announced its earnings results on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The company had revenue of $0.00 million during the quarter, compared to analysts’ expectations of $4.10 billion. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.During the same period last year, the business posted $1.10 EPS. Sell-side analysts expect that Devon Energy Corporation will post 4.85 EPS for the current fiscal year.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a $0.24 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.5%. Devon Energy’s payout ratio is 22.59%.

Hedge Funds Weigh In On Devon Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DVN. Bridgewater Advisors Inc. grew its stake 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 acquiring an additional 947 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Devon Energy by 22.1% during the 4th quarter. Farther Finance Advisors LLC now owns 21,229 shares of the energy company’s stock worth $778,000 after purchasing an additional 3,846 shares in the last quarter. Freestone Capital Holdings LLC purchased a new stake in Devon Energy during the 4th quarter worth about $306,000. Patton Fund Management Inc. acquired a new stake in Devon Energy in the 4th quarter valued at about $245,000. Finally, Chronos Wealth Management LLC purchased a new position in shares of Devon Energy in the 4th quarter valued at about $209,000. Hedge funds and other institutional investors own 69.72% of the company’s stock.

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.