Devon Energy (NYSE:DVN) Given New $47.00 Price Target at Susquehanna

Devon Energy (NYSE:DVN) had its target price raised by Susquehanna from $45.00 to $47.00 in a research report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has a positive rating on the energy company’s stock.

DVN has been the topic of a number of other research reports. Johnson Rice lowered their target price on Devon Energy from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, December 5th. Zacks Research downgraded shares of Devon Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Weiss Ratings upgraded shares of Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein reduced their target price on shares of Devon Energy from $48.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Devon Energy from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.55.

Devon Energy Stock Up 2.3%

DVN opened at $41.05 on Tuesday. Devon Energy has a one year low of $25.89 and a one year high of $41.54. The company has a market cap of $25.75 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 3.66 and a beta of 0.61. The business’s fifty day moving average is $37.18 and its two-hundred day moving average is $35.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96.

Devon Energy (NYSE:DVN) last released its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.The company had revenue of $0.00 million during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. Analysts anticipate that Devon Energy will post 4.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Devon Energy

Institutional investors have recently bought and sold shares of the stock. NewEdge Wealth LLC acquired a new position in shares of Devon Energy in the 4th quarter worth approximately $14,640,000. Denali Advisors LLC boosted its holdings in Devon Energy by 33.4% during the fourth quarter. Denali Advisors LLC now owns 11,392 shares of the energy company’s stock worth $417,000 after buying an additional 2,855 shares in the last quarter. Chesapeake Capital Corp IL acquired a new position in Devon Energy in the fourth quarter worth approximately $545,000. Ballentine Partners LLC grew its position in Devon Energy by 5.6% in the fourth quarter. Ballentine Partners LLC now owns 10,754 shares of the energy company’s stock worth $394,000 after buying an additional 568 shares during the last quarter. Finally, Connable Office Inc. bought a new position in shares of Devon Energy in the fourth quarter valued at $326,000. Institutional investors and hedge funds own 69.72% of the company’s stock.

More Devon Energy News

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

• Positive Sentiment: Merger creates scale, cost-savings and a Delaware Basin leader — The all‑stock agreement to combine Devon and Coterra is being pitched as a scale-driven move that builds a premier Delaware Basin operator with potential synergies, cash‑flow improvement and a stronger footprint to allocate capital. This is the core reason investor interest and buying pressure have increased. Business Wire: Devon and Coterra to Combine
• Positive Sentiment: Analysts raise targets and outlook on deal rationale — Several sell‑side firms bumped price targets (Wolfe Research to $57, Susquehanna to $47, Scotiabank to $45) and reiterated constructive views, signaling upside to consensus and supporting the rally. These upgrades make the stock more attractive to institutional buyers. Wolfe Research Price Target Susquehanna Price Target Scotiabank Note
• Positive Sentiment: Major shareholders publicly supportive — Kimmeridge, a notable holder of both companies, issued a supportive statement saying the combination can unlock value, which reduces deal execution risk in investors’ eyes. Kimmeridge Statement
• Neutral Sentiment: Analyst/market writeups are parsing value and risks — Coverage from outlets (Zacks, Forbes, Fortune, Seeking Alpha) is raising investor awareness and debate over valuation, pro forma metrics and integration plans; helpful for investors but not a direct catalyst. Zacks: Merger Redraws 2026 Playbook
• Negative Sentiment: Regulatory and shareholder litigation risk — Two shareholder‑rights firms have launched investigations into whether the merger is fair to Devon holders, and class‑action filings or proxy disputes could add execution risk or delay the deal. That legal overhang can weigh on the stock until resolved. Halper Sadeh Investigation Monteverde/PR Newswire (investigation note)
• Negative Sentiment: Short-term selloff after announcement highlights investor uncertainty — Some reports noted initial stock weakness on deal news as investors assessed dilution, integration risk and all‑stock consideration; volatility may continue as details and shareholder votes unfold. TipRanks: Stocks Slide on Merger

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.