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

Devon Energy (NYSE:DVN) had its price objective boosted by equities researchers at Wolfe Research from $57.00 to $58.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the energy company’s stock. Wolfe Research’s price objective points to a potential upside of 29.77% from the company’s previous close.

Several other research firms also recently weighed in on DVN. Susquehanna raised their target price on Devon Energy from $45.00 to $47.00 and gave the company a “positive” rating in a research report on Tuesday, February 3rd. Siebert Williams Shank raised their price target on shares of Devon Energy from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. UBS Group set a $50.00 price objective on shares of Devon Energy in a research note on Wednesday, February 4th. Barclays raised shares of Devon Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $42.00 to $50.00 in a research note on Wednesday, February 4th. Finally, Raymond James Financial upped their price target on Devon Energy from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.81.

Devon Energy Stock Performance

DVN opened at $44.69 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. The company has a market cap of $28.04 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 4.04 and a beta of 0.61. Devon Energy has a 52-week low of $25.89 and a 52-week high of $46.15. The firm’s fifty day simple moving average is $38.78 and its two-hundred day simple moving average is $36.03.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, February 17th. The energy company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 earnings per share. Equities analysts anticipate that Devon Energy will post 4.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mcguire Capital Advisors Inc. acquired a new stake in Devon Energy during the fourth quarter worth $745,000. Invesco Ltd. grew its holdings in shares of Devon Energy by 3.6% during the 4th quarter. Invesco Ltd. now owns 7,749,113 shares of the energy company’s stock worth $283,850,000 after purchasing an additional 266,666 shares during the period. Michels Family Financial LLC increased its position in shares of Devon Energy by 2.5% during the 4th quarter. Michels Family Financial LLC now owns 11,098 shares of the energy company’s stock worth $407,000 after purchasing an additional 270 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Devon Energy by 26.5% during the 4th quarter. Corient Private Wealth LLC now owns 130,198 shares of the energy company’s stock worth $4,769,000 after purchasing an additional 27,249 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its holdings in Devon Energy by 59.4% in the 4th quarter. Beacon Pointe Advisors LLC now owns 10,238 shares of the energy company’s stock valued at $375,000 after buying an additional 3,817 shares during the period. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: Q4 results beat expectations — EPS came in roughly $0.82 and revenue/production topped estimates, with costs down; the result and accompanying commentary emphasized strong cash flow generation. Devon Q4 Earnings & Revenues Beat Estimates, Production Increases
• Positive Sentiment: All-stock merger with Coterra announced — management frames the deal as reshaping Devon’s shale scale and return profile, which could boost operational scale and free cash flow per share over time. Devon Energy Coterra All Stock Merger Reshapes Shale Scale And Returns
• Positive Sentiment: Dividend increased — company announced a meaningful raise to its dividend (reported ~31% to $0.315/share), supporting yield and shareholder return narrative. Income-focused investors will view this favorably. Devon Energy raises dividend by 31% to $0.315 per share
• Positive Sentiment: Analyst upgrade/price-target lift — Wolfe Research raised its price target to $58 and maintained an outperform rating, signaling upside potential from current levels. Wolfe Research adjusts price target on Devon Energy to $58 from $57, maintains outperform rating
• Positive Sentiment: Earnings call flagged a “cash-rich” outlook — management emphasized strong free-cash-flow potential and capital allocation flexibility (supports buybacks/dividends or M&A tailwinds). Devon Energy Earnings Call Flags Cash-Rich Future
• Neutral Sentiment: Analyst opinions remain mixed overall — while some firms rate DVN a buy, coverage shows varying views on valuation and the merger/strategy impact, so sentiment isn’t unanimous. Wall Street Analysts See Devon Energy (DVN) as a Buy: Should You Invest? Analysts Conflicted on These Energy Names: Devon Energy (DVN) and Select Energy Services (WTTR)
• Negative Sentiment: New AI/technology risk disclosure — Devon disclosed increased use of AI and emerging tech, flagging heightened regulatory, cybersecurity and performance risks that could create operational or compliance exposure. Devon Energy’s AI Push Brings Efficiency Hopes but Heightened Regulatory, Cybersecurity and Performance Risks

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.