Devon Energy (NYSE:DVN) Price Target Raised to $67.00

Devon Energy (NYSE:DVN) had its price objective lifted by Piper Sandler from $59.00 to $67.00 in a research report report published on Thursday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the energy company’s stock.

DVN has been the topic of several other research reports. Jefferies Financial Group raised their price target on shares of Devon Energy from $36.00 to $44.00 in a report on Monday, March 9th. BMO Capital Markets boosted their price objective on shares of Devon Energy from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Benchmark reissued a “buy” rating on shares of Devon Energy in a research report on Friday, January 16th. TD Cowen raised shares of Devon Energy to a “hold” rating in a research note on Monday, February 9th. Finally, Wolfe Research lifted their target price on shares of Devon Energy from $58.00 to $64.00 in a report on Monday, March 9th. Twenty-three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Devon Energy has an average rating of “Moderate Buy” and a consensus price target of $48.85.

Devon Energy Price Performance

DVN stock opened at $46.27 on Thursday. The company has a market cap of $28.69 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 4.68 and a beta of 0.56. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $41.29 and a two-hundred day moving average price of $37.24. Devon Energy has a 12-month low of $25.89 and a 12-month high of $46.41.

Devon Energy (NYSE:DVN) last released its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $17.19 billion for the quarter, compared to the consensus estimate of $3.67 billion. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business posted $1.10 EPS. As a group, research analysts predict that Devon Energy will post 4.85 EPS 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 $0.24 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.96 annualized dividend and a yield of 2.1%. Devon Energy’s dividend payout ratio (DPR) is 23.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DVN. World Investment Advisors increased its stake in Devon Energy by 54.3% during the 4th quarter. World Investment Advisors now owns 46,916 shares of the energy company’s stock worth $1,719,000 after buying an additional 16,505 shares during the period. Corient Private Wealth LLC boosted its position in Devon Energy by 12.7% in the 4th quarter. Corient Private Wealth LLC now owns 116,073 shares of the energy company’s stock valued at $4,253,000 after buying an additional 13,124 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Devon Energy in the 4th quarter valued at about $25,000. Tulsa Wealth Advisors INC acquired a new stake in shares of Devon Energy during the fourth quarter valued at about $343,000. Finally, Tobam increased its position in shares of Devon Energy by 16.4% during the fourth quarter. Tobam now owns 1,633 shares of the energy company’s stock worth $60,000 after acquiring an additional 230 shares during the last quarter. 69.72% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Piper Sandler raised its price target to $67 and upgraded Devon to “overweight,” signaling sizable analyst upside vs. the current share level — a catalyst that can attract funds and buy-side interest. Piper Sandler price target raise
• Positive Sentiment: Jim Cramer publicly praised Devon’s “great natural gas portfolio,” reinforcing a positive retail/investor narrative that the company is well positioned if gas tightness or price strength emerges. Media endorsements like this can boost retail flows. Jim Cramer on Devon Energy
• Positive Sentiment: Unusually large call-option volume (roughly 99k calls traded) indicates speculative or hedged bullish positioning by options traders, which often precedes increased directional conviction or volatility in the underlying shares. Options activity report
• Positive Sentiment: Geopolitical tensions in the Middle East and a renewed crude rally have lifted oil and gas prices, improving near‑term revenue visibility for pure‑play producers like Devon. Higher commodity realizations are directly positive for earnings and cash flow. Middle East tensions lift oil
• Neutral Sentiment: S&P 500 futures and macro moves (reports referencing $100 oil expectations) are giving energy names a lift, but broader market direction will determine whether gains persist or reverse. S&P and oil story
• Neutral Sentiment: Coverage pieces note Devon has recently underperformed some energy peers despite analyst optimism; that mixed view can limit momentum until earnings or clearer commodity direction arrives. Underperforming sector note
• Neutral Sentiment: Zacks highlighted that Devon gained while the market dipped, suggesting relative strength today but not necessarily a durable trend without follow‑through. Zacks market note
• Negative Sentiment: Analysis cautioning that U.S. supply dynamics could blunt the financial upside from crude rallies serves as a reminder Devon’s upside may be capped if global price moves prove short‑lived or if domestic production offsets gains. Fool caution on upside

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.