Capital One Financial Lowers Devon Energy (NYSE:DVN) Price Target to $63.00

Devon Energy (NYSE:DVN) had its target price lowered by equities researchers at Capital One Financial from $64.00 to $63.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage presently has an “overweight” rating on the energy company’s stock. Capital One Financial‘s price objective would suggest a potential upside of 39.29% from the company’s previous close.

A number of other equities analysts have also commented on DVN. Siebert Williams Shank boosted their price target on shares of Devon Energy from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Wolfe Research lifted their target price on shares of Devon Energy from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Morgan Stanley boosted their target price on Devon Energy from $46.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. BMO Capital Markets increased their price target on Devon Energy from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Finally, Sanford C. Bernstein lifted their price objective on Devon Energy from $42.00 to $59.00 and gave the company an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.25.

Devon Energy Stock Performance

Devon Energy stock opened at $45.23 on Tuesday. The firm has a market capitalization of $28.11 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.88 and a beta of 0.47. The stock has a fifty day moving average price of $46.31 and a two-hundred day moving average price of $39.43. Devon Energy has a 52-week low of $28.61 and a 52-week high of $52.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.90.

Devon Energy (NYSE:DVN) last issued its earnings results on Tuesday, February 17th. The energy company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.67 billion. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. As a group, analysts anticipate that Devon Energy will post 4.85 EPS for the current fiscal year.

Institutional Trading of Devon Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Wedge Capital Management L L P NC bought a new stake in shares of Devon Energy in the fourth quarter valued at about $9,931,000. Allianz Asset Management GmbH boosted its position in shares of Devon Energy by 4.3% during the third quarter. Allianz Asset Management GmbH now owns 833,155 shares of the energy company’s stock worth $29,210,000 after buying an additional 33,974 shares during the period. Investors Research Corp grew its holdings in shares of Devon Energy by 13,787.5% during the fourth quarter. Investors Research Corp now owns 27,775 shares of the energy company’s stock worth $1,017,000 after buying an additional 27,575 shares in the last quarter. Philip James Wealth Mangement LLC raised its position in Devon Energy by 43.8% in the 4th quarter. Philip James Wealth Mangement LLC now owns 161,368 shares of the energy company’s stock valued at $5,911,000 after buying an additional 49,115 shares during the last quarter. Finally, Greatmark Investment Partners Inc. lifted its stake in Devon Energy by 5.6% in the 3rd quarter. Greatmark Investment Partners Inc. now owns 571,925 shares of the energy company’s stock valued at $20,052,000 after acquiring an additional 30,435 shares in the last quarter. 69.72% of the stock is owned by institutional investors.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Capital One trimmed its price target only slightly (from $64 to $63) and maintained an Overweight rating, implying ~39% upside from current levels — a vote of confidence from a major shop. Capital One adjusts price target on Devon Energy to $63 from $64; maintains overweight rating
• Positive Sentiment: Jefferies published a bullish note saying Devon’s stock is expected to rise, supporting near‑term investor optimism. Devon Energy Stock Price Expected to Rise, Jefferies Says
• Positive Sentiment: Unusual options activity: investors bought ~37,050 call options (≈41% above typical daily call volume), which can signal speculative bullish positioning or hedging ahead of catalysts (earnings). No link provided
• Neutral Sentiment: Devon appears on a Seeking Alpha “Undercovered Dozen” list — increased visibility but no direct fundamental change. Undercovered Dozen: Zscaler, Aeluma, Devon Energy And More
• Negative Sentiment: Analysts expect Devon’s Q1 2026 results to show a double‑digit EPS decline versus a year ago, creating downward earnings pressure ahead of the May 5 release. What to Expect From Devon Energy’s Q1 2026 Earnings Report
• Negative Sentiment: Oil prices pulled back amid shifting Middle East headlines and hopes of renewed U.S.–Iran talks, pressuring E&P names; Susquehanna cut its Devon target to $41 (from $52) citing a weaker oil outlook, adding selling pressure. Devon Energy falls as crude prices pull back and an analyst cuts its price target
• Negative Sentiment: Market coverage noted a recent intraday pullback (~‑4.3%), reflecting the combination of weaker crude, analyst note flows and pre‑earnings caution. Devon Energy (DVN) Stock Dips While Market Gains: Key Facts

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.