Devon Energy (DVN) – Research Analysts’ Weekly Ratings Changes

Devon Energy (NYSE: DVN) recently received a number of ratings updates from brokerages and research firms:

• 11/13/2026 – Devon Energy had its price target raised by Barclays from $57.00 to $59.00. They now have an “overweight” rating on the stock.
• 11/11/2026 – Devon Energy was downgraded by Sanford C. Bernstein from “outperform” to “market perform”. They now have a $44.00 price target on the stock, down from $49.00.
• 11/10/2026 – Devon Energy had its price target lowered by UBS Group from $65.00 to $62.00. They now have a “buy” rating on the stock.
• 11/9/2026 – Devon Energy was downgraded by Weiss Ratings from “buy (b-)” to “hold (c)”.
• 11/9/2026 – Devon Energy had its price target raised by JPMorgan Chase & Co. from $65.00 to $68.00. They now have an “overweight” rating on the stock.
• 11/9/2026 – Devon Energy had its price target lowered by Morgan Stanley from $65.00 to $64.00. They now have an “overweight” rating on the stock.
• 11/9/2026 – Devon Energy had its price target raised by Truist Financial from $61.00 to $62.00. They now have a “buy” rating on the stock.
• 11/9/2026 – Devon Energy had its price target lowered by Susquehanna from $63.00 to $60.00. They now have a “positive” rating on the stock.
• 11/6/2026 – Devon Energy had its price target lowered by Barclays from $60.00 to $57.00. They now have an “overweight” rating on the stock.
• 10/16/2026 – Devon Energy had its price target lowered by Mizuho from $68.00 to $65.00. They now have an “outperform” rating on the stock.
• 10/15/2026 – Devon Energy had its price target raised by Morgan Stanley from $63.00 to $65.00. They now have an “overweight” rating on the stock.
• 10/14/2026 – Devon Energy is now covered by Scotiabank. They set a “sector outperform” rating and a $61.00 price target on the stock.
• 10/9/2026 – Devon Energy had its price target raised by Barclays from $58.00 to $60.00. They now have an “overweight” rating on the stock.
• 10/8/2026 – Devon Energy was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 10/7/2026 – Devon Energy had its price target raised by UBS Group from $63.00 to $65.00. They now have a “buy” rating on the stock.
• 10/7/2026 – Devon Energy had its price target lowered by Truist Financial from $65.00 to $61.00. They now have a “buy” rating on the stock.
• 10/6/2026 – Devon Energy had its “outperform” rating reaffirmed by BMO Capital Markets. They now have a $67.00 price target on the stock.
• 10/3/2026 – Devon Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 10/2/2026 – Devon Energy had its price target raised by JPMorgan Chase & Co. from $60.00 to $65.00. They now have an “overweight” rating on the stock.
• 9/28/2026 – Devon Energy had its price target lowered by Wells Fargo & Company from $65.00 to $64.00. They now have an “overweight” rating on the stock.
• 9/14/2026 – Devon Energy had its price target raised by Raymond James Financial from $64.00 to $67.00. They now have a “strong-buy” rating on the stock.
• 9/14/2026 – Devon Energy had its price target raised by UBS Group from $55.00 to $63.00. They now have a “buy” rating on the stock.

Devon Energy Price Performance

Shares of NYSE:DVN traded up $0.28 during trading on Friday, reaching $46.51. 3,200,446 shares of the company’s stock traded hands, compared to its average volume of 12,830,827. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.23. Devon Energy Corporation has a fifty-two week low of $34.23 and a fifty-two week high of $52.71. The company has a 50-day simple moving average of $48.30 and a 200-day simple moving average of $46.16. The firm has a market cap of $53.01 billion, a PE ratio of 11.63, a P/E/G ratio of 1.01 and a beta of 0.43.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results on Thursday, November 5th. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Devon Energy had a return on equity of 14.86% and a net margin of 16.22%. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same quarter in the prior year, the business posted $1.04 earnings per share. Devon Energy’s revenue for the quarter was up 66.5% on a year-over-year basis. As a group, analysts predict that Devon Energy Corporation will post 5.56 earnings per share for the current year.

Devon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, December 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.8%. Devon Energy’s dividend payout ratio (DPR) is 32.00%.

Insider Buying and Selling at Devon Energy

In related news, CEO Clay Gaspar purchased 3,913 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was bought at an average price of $51.08 per share, with a total value of $199,876.04. Following the acquisition, the chief executive officer owned 619,152 shares in the company, valued at $31,626,284.16. The trade was a 0.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $50.95, for a total transaction of $344,218.20. Following the transaction, the executive vice president directly owned 72,720 shares in the company, valued at approximately $3,705,084. The trade was a 8.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.58% of the stock is currently owned by insiders.

Devon Energy Corporation is an independent energy company focused on exploring for and producing oil, natural gas and natural gas liquids. Its activities include developing and operating producing properties and managing the infrastructure needed to bring its products to market. Founded in 1971, Devon is headquartered in Oklahoma City. Its operations are concentrated in U.S. onshore basins, including the Delaware Basin, Eagle Ford, Anadarko, Williston and Powder River basins. The company’s portfolio has evolved through acquisitions and asset sales over its history.