Devon Energy (NYSE:DVN) Raised to Hold at TD Cowen

Devon Energy (NYSE:DVN) was upgraded by equities research analysts at TD Cowen to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other research firms have also weighed in on DVN. Barclays upgraded Devon Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $42.00 to $50.00 in a research note on Wednesday, February 4th. Citigroup boosted their price target on Devon Energy from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Sanford C. Bernstein dropped their price objective on Devon Energy from $48.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Jefferies Financial Group lifted their price objective on Devon Energy from $33.00 to $36.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group boosted their target price on shares of Devon Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.97.

Devon Energy Stock Performance

Shares of Devon Energy stock opened at $43.48 on Monday. The firm has a market capitalization of $27.28 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 3.80 and a beta of 0.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.87. The company’s fifty day moving average price is $37.83 and its two-hundred day moving average price is $35.52. Devon Energy has a 52-week low of $25.89 and a 52-week high of $44.01.

Institutional Trading of Devon Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in DVN. Caldwell Trust Co bought a new stake in Devon Energy during the 2nd quarter worth about $25,000. PFS Partners LLC acquired a new position in shares of Devon Energy during the third quarter worth approximately $25,000. First Horizon Corp bought a new stake in shares of Devon Energy during the third quarter valued at approximately $26,000. Accredited Wealth Management LLC increased its holdings in shares of Devon Energy by 61.6% in the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock valued at $28,000 after purchasing an additional 308 shares in the last quarter. Finally, Ameriflex Group Inc. raised its position in Devon Energy by 702.0% in the 3rd quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock worth $28,000 after purchasing an additional 702 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

More Devon Energy News

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

• Positive Sentiment: Short interest fell materially in January (down ~12.6% to 19.33M shares, ~3.1% of float; days-to-cover ~2.1), which reduces immediate bearish pressure and can support upside if buying interest resumes.
• Positive Sentiment: Devon’s announced all-stock merger with Coterra creates a combined ~$58B energy company — scale and cash-flow diversification could support the dividend and valuation over time, though integration risk remains. The Devon-Coterra Merger: 7 Key Questions Answered
• Neutral Sentiment: TD Cowen moved its rating to a “hold,” a modestly supportive but non‑bullish signal that may limit fresh buying from broker-driven flows. Zacks.com
• Neutral Sentiment: Zacks highlights increased investor attention on DVN, which can amplify price moves but doesn’t itself indicate direction. Devon Energy Corporation (DVN) is Attracting Investor Attention
• Neutral Sentiment: Market calendars flag that Devon is projected to report quarterly results soon; investors should watch the release and guidance for near-term volatility. Devon Energy (DVN) Projected to Post Quarterly Earnings on Tuesday
• Neutral Sentiment: Coverage is mixed — some analysts are conflicted on Devon’s outlook versus peers, which could sustain choppy trading around newsflow. Analysts Conflicted on These Energy Names
• Negative Sentiment: Zacks’ earnings preview warns Devon lacks the setup for an earnings beat and expects Q4 earnings to decline, a headline that could pressure the stock on the actual release if results or guidance underperform. Earnings Preview: Devon Energy (DVN) Q4 Earnings Expected to Decline

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.