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

Devon Energy Corporation (NYSE:DVN) has been given an average rating of “Moderate Buy” by the thirty research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $44.3103.

A number of equities research analysts have weighed in on the company. BMO Capital Markets lowered their target price on Devon Energy from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Barclays upped their price objective on shares of Devon Energy from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Scotiabank downgraded shares of Devon Energy from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $47.00 to $41.00 in a research report on Thursday, January 15th. The Goldman Sachs Group upped their price target on shares of Devon Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Devon Energy in a research note on Monday, December 29th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Caldwell Trust Co purchased a new position in shares of Devon Energy in the 2nd quarter valued at approximately $25,000. PFS Partners LLC purchased a new position in shares of Devon Energy in the third quarter worth $25,000. First Horizon Corp acquired a new stake in shares of Devon Energy during the third quarter worth $26,000. Accredited Wealth Management LLC grew 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 valued at $28,000 after buying an additional 308 shares during the last quarter. Finally, Ameriflex Group Inc. grew its holdings in shares of Devon Energy by 702.0% during the third quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock valued at $28,000 after buying an additional 702 shares during the last quarter. 69.72% of the stock is owned by institutional investors.

Devon Energy News Summary

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

• Positive Sentiment: BofA raised its price target to $46 and kept a Buy rating, citing Devon’s resilient portfolio — a clear vote of confidence that can support further upside. BofA Lifts Devon Energy (DVN) PT to $46, Favoring Its Resilient Portfolio
• Positive Sentiment: Barclays analyst commentary flagged upside for DVN and said the stock is expected to rise, adding momentum to the bullish narrative. Devon Energy (NYSE:DVN) Stock Price Expected to Rise, Barclays Analyst Says
• Positive Sentiment: Investor’s Business Daily upgraded DVN’s relative price strength, a technical endorsement that often attracts momentum-focused traders. IBD rating upgrades: Devon Energy shows improved relative price strength
• Neutral Sentiment: Seeking Alpha published a bullish take noting “continued room to grow,” but this is an analytic view rather than a concrete catalyst. Devon Energy Has Continued Room To Grow
• Neutral Sentiment: Zacks noted DVN outperformed the market in the recent session (stock moved higher), but this is observational and not a fresh fundamental driver. Devon Energy (DVN) Surpasses Market Returns: Some Facts Worth Knowing
• Neutral Sentiment: Two analyst roundups (The Globe and Mail) discussed Devon alongside peers — useful context but no major new catalyst. Analysts Offer Insights on Energy Companies: Devon Energy (DVN) and Kinder Morgan (KMI)
• Neutral Sentiment: An American Banking News note raised a price target to $36 (a raise from prior levels but below current trading), which limits perceived upside relative to other higher PTs. Devon Energy (NYSE:DVN) Price Target Raised to $36.00
• Negative Sentiment: A Yahoo/Finance piece questioned whether investors should “reconsider” DVN after mixed share performance, flagging that some caution remains amid variable flows and market conditions. Is It Time To Reconsider Devon Energy (DVN) After Mixed Share Price Performance?

Devon Energy Stock Performance

Shares of NYSE:DVN opened at $38.63 on Friday. The firm’s 50 day simple moving average is $36.57 and its 200-day simple moving average is $34.81. 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 has a one year low of $25.89 and a one year high of $39.19. The firm has a market cap of $24.23 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 3.44 and a beta of 0.60.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $0.00 million during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. As a group, equities analysts predict that Devon Energy will post 4.85 EPS for the current year.

Devon Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, December 15th. Devon Energy’s dividend payout ratio (DPR) is 22.59%.

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.