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

Zacks Research lowered shares of Devon Energy (NYSE:DVN) from a hold rating to a strong sell rating in a report released 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.

Several other research analysts also recently commented on DVN. BMO Capital Markets decreased their price objective on Devon Energy from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. Sanford C. Bernstein decreased their price target 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. Argus raised Devon Energy to a “strong-buy” rating in a research note on Wednesday, November 26th. Capital One Financial decreased their target price on shares of Devon Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Finally, Johnson Rice dropped 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. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Devon Energy has an average rating of “Moderate Buy” and an average price target of $44.76.

Devon Energy Stock Up 1.0%

Shares of NYSE DVN opened at $39.85 on Monday. The stock has a market capitalization of $25.00 billion, a P/E ratio of 9.38, a PEG ratio of 3.61 and a beta of 0.60. Devon Energy has a one year low of $25.89 and a one year high of $39.99. The firm’s 50 day simple moving average is $36.81 and its two-hundred day simple moving average is $34.92. 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 data on Wednesday, November 5th. The energy company reported $1.04 earnings per share (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 net margin of 15.56% and a return on equity of 18.14%. During the same quarter in the prior year, the company earned $1.10 EPS. As a group, analysts expect that Devon Energy will post 4.85 EPS for the current fiscal year.

Devon Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, December 15th. Devon Energy’s dividend payout ratio (DPR) is currently 22.59%.

Hedge Funds Weigh In On Devon Energy

A number of institutional investors have recently bought and sold shares of the stock. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Devon Energy in the 4th quarter worth approximately $95,000. Kerusso Capital Management LLC raised its holdings in Devon Energy by 169.4% in the fourth quarter. Kerusso Capital Management LLC now owns 136,278 shares of the energy company’s stock worth $4,992,000 after purchasing an additional 85,691 shares in the last quarter. waypoint wealth counsel lifted its position in Devon Energy by 4.1% during the fourth quarter. waypoint wealth counsel now owns 12,201 shares of the energy company’s stock valued at $447,000 after buying an additional 476 shares during the period. West Michigan Advisors LLC boosted its holdings in shares of Devon Energy by 3.0% during the 4th quarter. West Michigan Advisors LLC now owns 47,376 shares of the energy company’s stock valued at $1,735,000 after buying an additional 1,373 shares in the last quarter. Finally, M&T Bank Corp grew its position in shares of Devon Energy by 1,243.2% in the 4th quarter. M&T Bank Corp now owns 245,868 shares of the energy company’s stock worth $9,006,000 after buying an additional 227,563 shares during the period. 69.72% of the stock is owned by institutional investors.

More Devon Energy News

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

• Positive Sentiment: Siebert Williams Shank raised its price target on Devon to $50, a bullish signal that can attract buyers and support further upside if investors follow the upgraded target. Read More.
• Positive Sentiment: Within Zacks’ package of revisions there were small upward tweaks to a couple quarters (Q1 2026 to $0.96 from $0.95 and Q2 2027 to $1.06 from $1.03), which slightly offsets the negatives by nudging near-term EPS expectations higher for those periods. Read More.
• Neutral Sentiment: A Benzinga piece highlighting Devon’s five‑year share performance may help longer‑term sentiment and retail interest, but it is unlikely to move the stock materially on its own. Read More.
• Negative Sentiment: Zacks Research downgraded Devon from “Hold” to a firm “Strong Sell” — a reputational negative that tends to pressure flows and could prompt some portfolio managers to reduce exposure. Read More.
• Negative Sentiment: Zacks cut multiple earnings forecasts across FY2026 and FY2027 (FY2026 to $3.68 from $3.71; FY2027 to $4.45 from $4.55) and trimmed several quarterly EPS forecasts. The net effect is lower analyst earnings expectations, which is bearish for the stock’s near‑term valuation. Read More.

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.