Devon Energy (NYSE:DVN) Stock Price Expected to Rise, Wolfe Research Analyst Says

Devon Energy (NYSE:DVN) had its target price hoisted by investment analysts at Wolfe Research from $49.00 to $57.00 in a note issued to investors on Tuesday,MarketScreener reports. Wolfe Research’s price objective points to a potential upside of 31.40% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Barclays raised their target price on shares of Devon Energy from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Weiss Ratings upgraded shares of Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 28th. BMO Capital Markets cut their price objective on shares of Devon Energy from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. Raymond James Financial boosted their price objective on shares of Devon Energy from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Finally, Roth Mkm restated a “buy” rating and set a $42.00 target price on shares of Devon Energy in a report on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.97.

Devon Energy Price Performance

Shares of DVN stock opened at $43.38 on Tuesday. Devon Energy has a twelve month low of $25.89 and a twelve month high of $43.68. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $37.32 and a two-hundred day simple moving average of $35.21. The stock has a market capitalization of $27.21 billion, a price-to-earnings ratio of 10.21, a P/E/G ratio of 3.79 and a beta of 0.61.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the firm posted $1.10 earnings per share. On average, analysts predict that Devon Energy will post 4.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Devon Energy

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

Devon Energy News Summary

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

• Positive Sentiment: Coterra merger confirmed — the all‑stock deal to combine Devon and Coterra into a roughly $58 billion Delaware-focused shale operator is being priced as transformational for scale, cost savings and cash generation, a primary driver of investor optimism. Coterra Energy and Devon Energy Seal $58 Billion Merger Deal
• Positive Sentiment: Large analyst upgrades and higher price targets — Wolfe Research, Susquehanna and Scotiabank raised price targets (Wolfe’s move to $57 is the most bullish), lifting sentiment and providing near‑term upside catalysts. Wolfe Research adjusts price target on Devon Energy Susquehanna adjusts Devon Energy price target
• Positive Sentiment: Unusually heavy call‑option buying — intraday data show ~36,900 calls traded (≈56% above average), and options‑flow analysis points to bullish positioning that often precedes upward stock moves. This likely amplified today’s price gain. Behind the Scenes of Devon Energy’s Latest Options Trends
• Positive Sentiment: Stock reached a 12‑month high after upgrades — coverage noting a fresh 12‑month high reinforces momentum and can attract momentum/ETF flows. Devon Energy Reaches New 12-Month High After Analyst Upgrade
• Neutral Sentiment: Analyst consensus still mixed in other outlets — some coverage labels the stock “neutral,” reflecting varying views on valuation and execution even as many brokers raise targets. That keeps upside but also some analyst‑level skepticism. Analysts Are Neutral on These Energy Stocks
• Neutral Sentiment: Valuation debate — some pieces highlight a DCF vs P/E gap and ask whether current pricing fully reflects fundamentals; this signals that further moves may depend on post‑merger synergies and updated earnings outlooks. Is Devon Energy Pricing Reflect Its DCF And P/E Valuation Gap Today
• Neutral Sentiment: Sector activity/peer deals could influence expectations — related Delaware Basin deals and sector consolidation stories are reminding investors of scale benefits, but they don’t guarantee immediate accretion. Houston energy company lands massive Delaware Basin deal

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.