Devon Energy Corporation (NYSE:DVN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Devon Energy Corporation (NYSE:DVN) have been given an average recommendation of “Moderate Buy” by the thirty-one analysts that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, twenty-three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $52.1786.

DVN has been the topic of a number of analyst reports. Citigroup increased their target price on Devon Energy from $44.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 30th. Susquehanna increased their target price on Devon Energy from $47.00 to $52.00 and gave the company a “positive” rating in a report on Friday, February 20th. UBS Group increased their target price on Devon Energy from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, March 5th. TD Cowen increased their target price on Devon Energy from $46.00 to $50.00 and gave the company a “hold” rating in a report on Tuesday, March 17th. Finally, Morgan Stanley increased their target price on Devon Energy from $46.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, March 27th.

Institutional Investors Weigh In On Devon Energy

Several hedge funds have recently made changes to their positions in DVN. Caldwell Trust Co acquired a new stake in shares of Devon Energy during the second quarter worth $25,000. PFS Partners LLC acquired a new stake in shares of Devon Energy during the third quarter worth $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Devon Energy during the fourth quarter worth $25,000. First Horizon Corp acquired a new stake in shares of Devon Energy during the third quarter worth $26,000. Finally, Accredited Wealth Management LLC boosted its holdings in shares of Devon Energy by 61.6% during the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after purchasing an additional 308 shares during the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: Analysts raised targets — BMO bumped its price target to $60 and kept an Outperform rating, implying meaningful upside versus current levels. BMO raises PT to $60
• Positive Sentiment: RBC raised its price target to $59 (sector perform), providing additional analyst support for the stock’s upside thesis. RBC raises PT to $59
• Positive Sentiment: Regulatory progress on the Coterra acquisition: the Hart‑Scott‑Rodino waiting period has expired, advancing the merger and the potential scale/production benefits if the deal closes. Merger clearance article
• Positive Sentiment: Commodity tailwind — oil has surged sharply amid Middle East tensions, supporting higher revenue potential for producers like Devon. Oil surge article
• Positive Sentiment: Technicals look constructive: DVN trading above its 50- and 200-day moving averages, which can attract momentum-oriented buying. Technical breakout article
• Neutral Sentiment: Scheduled catalyst — Devon will report Q1 2026 results on May 5 after the close; the release and conference call present a near-term event that could swing the stock. Earnings date article
• Negative Sentiment: Short-term selling pressure/sector rotation — commentators flagged that energy stocks are lagging on days when broader markets rally, which can pressure DVN despite company-specific positives. Sector weakness article
• Negative Sentiment: Shareholder scrutiny on the Coterra deal — a law firm is investigating whether Devon’s proposed exchange terms for the Coterra acquisition are fair, adding legal/transaction risk and potential distraction. Investor alert article
• Negative Sentiment: Immediate reaction: headlines noted DVN’s share price dipped amid a market uptick, reflecting profit-taking and sector rotation even as company fundamentals remain supported. Price action article

Devon Energy Price Performance

Shares of NYSE:DVN opened at $47.90 on Thursday. The business’s fifty day moving average price is $45.74 and its two-hundred day moving average price is $39.03. The stock has a market cap of $29.77 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.97 and a beta of 0.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.90 and a current ratio of 0.98. Devon Energy has a one year low of $25.89 and a one year high of $52.71.

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

Devon Energy Announces Dividend

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

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.