Devon Energy (NYSE:DVN) Price Target Lowered to $41.00 at JPMorgan Chase & Co.

Devon Energy (NYSE:DVN) had its target price reduced by stock analysts at JPMorgan Chase & Co. from $44.00 to $41.00 in a research note issued on Thursday,MarketScreener reports. The brokerage presently has an “overweight” rating on the energy company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 12.76% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Wolfe Research lowered their price objective on Devon Energy from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Susquehanna raised their price target on shares of Devon Energy from $40.00 to $42.00 and gave the stock a “positive” rating in a research report on Wednesday, November 12th. Piper Sandler dropped their target price on Devon Energy from $57.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 18th. Wells Fargo & Company lowered their price objective on Devon Energy from $43.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, October 17th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Devon Energy in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.41.

Devon Energy Trading Down 4.1%

Shares of DVN traded down $1.56 during trading hours on Thursday, reaching $36.36. 22,427,349 shares of the company traded hands, compared to its average volume of 11,314,007. The firm has a market cap of $22.81 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 3.12 and a beta of 0.60. The stock’s fifty day moving average price is $36.21 and its 200 day moving average price is $34.62. Devon Energy has a 12-month low of $25.89 and a 12-month high of $38.88. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48.

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

Hedge Funds Weigh In On Devon Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in Devon Energy by 78.7% in the second quarter. AQR Capital Management LLC now owns 6,360,499 shares of the energy company’s stock valued at $202,327,000 after buying an additional 2,802,137 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Devon Energy by 83.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 4,568,092 shares of the energy company’s stock worth $145,311,000 after buying an additional 2,083,600 shares during the period. Sourcerock Group LLC lifted its position in shares of Devon Energy by 2,132.3% in the 2nd quarter. Sourcerock Group LLC now owns 1,751,276 shares of the energy company’s stock valued at $55,708,000 after acquiring an additional 1,672,824 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Devon Energy by 446.7% during the fourth quarter. SG Americas Securities LLC now owns 1,236,301 shares of the energy company’s stock worth $45,286,000 after purchasing an additional 1,010,170 shares during the period. Finally, Wellington Management Group LLP boosted its position in Devon Energy by 704.3% during the third quarter. Wellington Management Group LLP now owns 975,114 shares of the energy company’s stock worth $34,187,000 after purchasing an additional 853,875 shares during the period. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Key Devon Energy News

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

• Positive Sentiment: Analysts remain constructive on Devon’s operational outlook for 2026 — Barclays and other coverage highlight upside to production and a $40 price target on DVN, which supports longer‑term investor confidence. Analysts Optimistic on Devon Energy’s (DVN) 2026 Production Outlook
• Positive Sentiment: Unusual call option activity has been reported, which market participants interpret as bets on a dividend increase or other shareholder-friendly action around the Feb. 17 earnings release — a potential positive catalyst if realized. Devon Energy Unusual Call Option Activity – Investors Expecting a Dividend Hike?
• Positive Sentiment: DVN showed bullish intraday momentum on Jan. 14, indicating there remains buyer interest ahead of earnings and any corporate developments. Devon Energy (DVN) Rises As Market Takes a Dip: Key Facts
• Neutral Sentiment: Broader analyst commentary and coverage on DVN’s valuation and Wall Street ratings continue to matter to investors, but they don’t appear to be the immediate driver of today’s move. Is It Worth Investing in Devon Energy (DVN) Based on Wall Street’s Bullish Views?
• Negative Sentiment: Multiple outlets report Devon and Coterra are in merger talks to form one of the largest independent U.S. shale producers — markets appear uncertain about who would lead the combined company, potential dilution, regulatory hurdles and integration risks, which is weighing on Devon shares today. Exclusive: US shale producers Devon Energy and Coterra Energy in merger talks, sources say
• Negative Sentiment: Additional reports (Bloomberg/MSN/Financial Post) describe Coterra exploring a potential deal and frame this as a possible “megadeal” in oil & gas — the headlines have pushed Coterra shares higher while Devon trades lower on deal uncertainty. Devon Energy, Coterra Energy reportedly hold merger talks Coterra Energy exploring potential merger deal with Devon Energy – Bloomberg Coterra Considers Combining With Devon Energy in Oil Megadeal
• Negative Sentiment: Market reaction is confirmed by coverage noting Coterra’s stock rising as Devon falls — the immediate impact is sentiment-driven until any formal deal terms are announced. Coterra stock rises, Devon falls following report on merger talks

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.