Susquehanna Forecasts Strong Price Appreciation for Devon Energy (NYSE:DVN) Stock

Devon Energy (NYSE:DVN) had its price target hoisted by investment analysts at Susquehanna from $45.00 to $47.00 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “positive” rating on the energy company’s stock. Susquehanna’s target price would indicate a potential upside of 8.34% from the company’s current price.

Several other equities analysts also recently weighed in on DVN. Mizuho set a $51.00 price target on Devon Energy in a report on Tuesday. Roth Mkm reiterated a “buy” rating and issued a $42.00 price target on shares of Devon Energy in a research note on Wednesday, December 31st. Wells Fargo & Company raised their price objective on shares of Devon Energy from $37.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, January 27th. Zacks Research cut shares of Devon Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Finally, Capital One Financial dropped their target price on shares of Devon Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. One 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 given a Sell rating to the company. Based on data from MarketBeat, Devon Energy presently has a consensus rating of “Moderate Buy” and an average price target of $45.97.

Devon Energy Price Performance

Shares of NYSE DVN opened at $43.38 on Tuesday. The company has a 50 day simple moving average of $37.32 and a two-hundred day simple moving average of $35.21. Devon Energy has a fifty-two week low of $25.89 and a fifty-two week high of $43.68. The company 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. 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 (NYSE:DVN) last posted its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. The company 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 business posted $1.10 EPS. Analysts expect that Devon Energy will post 4.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Devon Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Asset Management Inc raised its stake in Devon Energy by 6.4% during the 2nd quarter. TD Asset Management Inc now owns 267,322 shares of the energy company’s stock worth $8,504,000 after acquiring an additional 16,106 shares during the period. Greatmark Investment Partners Inc. increased its stake in shares of Devon Energy by 5.6% in the third quarter. Greatmark Investment Partners Inc. now owns 571,925 shares of the energy company’s stock worth $20,052,000 after purchasing an additional 30,435 shares in the last quarter. Natixis increased its stake in shares of Devon Energy by 101.4% in the second quarter. Natixis now owns 73,902 shares of the energy company’s stock worth $2,351,000 after purchasing an additional 37,211 shares in the last quarter. RPG Investment Advisory LLC raised its position in shares of Devon Energy by 11.0% during the 3rd quarter. RPG Investment Advisory LLC now owns 287,110 shares of the energy company’s stock valued at $10,063,000 after purchasing an additional 28,532 shares during the period. Finally, CWM LLC lifted its stake in shares of Devon Energy by 70.0% during the 3rd quarter. CWM LLC now owns 336,861 shares of the energy company’s stock valued at $11,810,000 after buying an additional 138,717 shares in the last quarter. Hedge funds and other institutional investors 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: 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.