Argus Issues Positive Forecast for Devon Energy (NYSE:DVN) Stock Price

Devon Energy (NYSE:DVN) had its target price hoisted by Argus from $41.00 to $51.00 in a research note released on Thursday morning,MarketScreener reports. The brokerage currently has a buy rating on the energy company’s stock.

Several other equities analysts also recently commented on the stock. Zacks Research downgraded shares of Devon Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Weiss Ratings upgraded shares of Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 28th. Capital One Financial dropped their price target on shares of Devon Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Morgan Stanley cut their price target on Devon Energy from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Finally, Johnson Rice lowered their price objective on Devon Energy from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Twenty-three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.37.

Devon Energy Trading Up 0.0%

Shares of NYSE:DVN opened at $42.64 on Thursday. The stock has a market cap of $26.44 billion, a PE ratio of 10.23, a P/E/G ratio of 4.04 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. Devon Energy has a 12-month low of $25.89 and a 12-month high of $46.15. The business has a 50 day moving average of $39.48 and a 200-day moving average of $36.41.

Devon Energy (NYSE:DVN) last released its quarterly earnings results on Tuesday, February 17th. The energy company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The business had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period last year, the firm posted $1.10 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Devon Energy will post 4.85 earnings per share for the current year.

Devon Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, March 13th. Devon Energy’s payout ratio is currently 23.02%.

Institutional Investors Weigh In On Devon Energy

A number of large investors have recently modified their holdings of the business. TD Private Client Wealth LLC lifted its position in shares of Devon Energy by 3.4% during the 4th quarter. TD Private Client Wealth LLC now owns 7,152 shares of the energy company’s stock worth $262,000 after buying an additional 236 shares during the last quarter. Catalyst Financial Partners LLC raised its position in Devon Energy by 3.9% in the fourth quarter. Catalyst Financial Partners LLC now owns 6,712 shares of the energy company’s stock valued at $246,000 after purchasing an additional 254 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Devon Energy by 21.0% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,480 shares of the energy company’s stock valued at $54,000 after purchasing an additional 257 shares in the last quarter. Zions Bancorporation National Association UT boosted its stake in shares of Devon Energy by 7.9% during the fourth quarter. Zions Bancorporation National Association UT now owns 3,527 shares of the energy company’s stock valued at $129,000 after purchasing an additional 258 shares in the last quarter. Finally, Michels Family Financial LLC grew its holdings in shares of Devon Energy by 2.5% during the fourth quarter. Michels Family Financial LLC now owns 11,098 shares of the energy company’s stock worth $407,000 after purchasing an additional 270 shares during the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Merger-linked capital returns — Devon plans a 31% increase in its quarterly dividend after the proposed merger with Coterra and is considering a new share-repurchase authorization of more than $5 billion, which supports higher shareholder yield and buyback-driven EPS accretion expectations. Devon Energy Merger Plans Signal Higher Cash Returns And Key Tradeoffs
• Positive Sentiment: Analyst upgrade — Argus raised its price target on DVN to $51 (from $41) and kept a Buy rating, implying roughly 19% upside from recent levels; that provides fresh upside validation for bulls. Argus adjusts price target on Devon Energy to $51
• Positive Sentiment: Coterra’s dividend and results — Coterra (the merger partner) declared a quarterly dividend of $0.22 and issued 2026 guidance; a stable dividend from Coterra supports the combined entity’s ability to sustain elevated distributions. Coterra Energy Reports 2025 Results, Provides 2026 Guidance, and Announces Quarterly Dividend
• Neutral Sentiment: Q4 2025 results were mixed — Devon’s quarter showed a small EPS beat (reported $0.82 vs. $0.81 estimate) but revenue trends and commodity exposure leave some execution questions; results alone are unlikely to be a major re-rating driver. Devon Energy (DVN) Announces Results for Q4 2025
• Neutral Sentiment: Momentum and valuation commentary — Several analysts and outlets are re-assessing DVN after recent share gains (momentum/valuation pieces highlight improved investor attention but also mixed fundamental signals). This keeps volatility likely as investors price in merger outcomes and commodity moves. Assessing Devon Energy (DVN) Valuation After Recent Share Price Momentum
• Negative Sentiment: Scotiabank trims target — Scotiabank cut its price target to $41 from $45 and kept a Sector Perform rating, signaling a more cautious near-term outlook and highlighting balanced risk/reward after Q4 results. Scotiabank Lowers Devon Energy (DVN) Price Target
• Negative Sentiment: Persistent caution from some analysts — Coverage calling the stock “pessimistic” or warning on price targets underscores that not all firms see clear upside until merger details, commodity prices and capital allocation are finalized. Scotiabank Issues Pessimistic Forecast for Devon Energy (NYSE:DVN) Stock Price

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.