Investment Analysts’ Weekly Ratings Updates for Devon Energy (DVN)

A number of firms have modified their ratings and price targets on shares of Devon Energy (NYSE: DVN) recently:

• 4/8/2026 – Devon Energy had its price target raised by Royal Bank Of Canada from $46.00 to $59.00. They now have a “sector perform” rating on the stock.
• 4/7/2026 – Devon Energy had its price target raised by BMO Capital Markets from $55.00 to $60.00. They now have an “outperform” rating on the stock.
• 4/6/2026 – Devon Energy had its price target raised by Wolfe Research from $64.00 to $65.00. They now have an “outperform” rating on the stock.
• 3/30/2026 – Devon Energy had its price target raised by Citigroup Inc. from $44.00 to $60.00. They now have a “buy” rating on the stock.
• 3/27/2026 – Devon Energy was upgraded by Scotiabank to “hold”.
• 3/27/2026 – Devon Energy had its price target raised by Morgan Stanley from $46.00 to $59.00. They now have an “overweight” rating on the stock.
• 3/26/2026 – Devon Energy had its price target raised by Capital One Financial Corporation from $50.00 to $64.00. They now have an “overweight” rating on the stock.
• 3/24/2026 – Devon Energy is now covered by Truist Financial Corporation. They set a “buy” rating and a $63.00 price target on the stock.
• 3/23/2026 – Devon Energy was upgraded by Truist Financial Corporation to “strong-buy”.
• 3/17/2026 – Devon Energy had its price target raised by Mizuho from $51.00 to $62.00. They now have an “outperform” rating on the stock.
• 3/17/2026 – Devon Energy had its price target raised by TD Cowen from $46.00 to $50.00. They now have a “hold” rating on the stock.
• 3/16/2026 – Devon Energy had its price target raised by Barclays PLC from $52.00 to $54.00. They now have an “overweight” rating on the stock.
• 3/12/2026 – Devon Energy had its price target raised by Piper Sandler from $59.00 to $67.00. They now have an “overweight” rating on the stock.
• 3/9/2026 – Devon Energy had its price target raised by Wolfe Research from $58.00 to $64.00.
• 3/9/2026 – Devon Energy had its price target raised by Jefferies Financial Group Inc. from $36.00 to $44.00.
• 3/5/2026 – Devon Energy had its price target raised by Piper Sandler from $55.00 to $59.00. They now have an “overweight” rating on the stock.
• 3/5/2026 – Devon Energy had its price target raised by UBS Group AG from $50.00 to $55.00. They now have a “buy” rating on the stock.
• 3/4/2026 – Devon Energy was upgraded by Zacks Research from “strong sell” to “hold”.
• 3/3/2026 – Devon Energy had its price target raised by BMO Capital Markets from $45.00 to $55.00. They now have an “outperform” rating on the stock.
• 2/26/2026 – Devon Energy had its price target raised by Argus from $41.00 to $51.00. They now have a “buy” rating on the stock.
• 2/23/2026 – Devon Energy had its price target raised by Barclays PLC from $50.00 to $52.00. They now have an “overweight” rating on the stock.
• 2/23/2026 – Devon Energy had its price target lowered by Scotiabank from $45.00 to $41.00. They now have a “sector perform” rating on the stock.
• 2/20/2026 – Devon Energy had its price target raised by Wells Fargo & Company from $43.00 to $51.00. They now have an “overweight” rating on the stock.
• 2/20/2026 – Devon Energy had its price target raised by Susquehanna from $47.00 to $52.00. They now have a “positive” rating on the stock.
• 2/19/2026 – Devon Energy had its “buy” rating reaffirmed by Roth Mkm. They now have a $50.00 price target on the stock.
• 2/18/2026 – Devon Energy had its price target raised by Wolfe Research from $57.00 to $58.00. They now have an “outperform” rating on the stock.
• 2/11/2026 – Devon Energy had its price target raised by Raymond James Financial, Inc. from $44.00 to $52.00. They now have an “outperform” rating on the stock.
• 2/9/2026 – Devon Energy was upgraded by TD Cowen to “hold”.

Devon Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.96 annualized dividend and a dividend yield of 2.0%. Devon Energy’s dividend payout ratio is 23.02%.

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.