BMO Capital Markets Issues Pessimistic Forecast for Devon Energy (NYSE:DVN) Stock Price

Devon Energy (NYSE:DVN) had its price objective decreased by investment analysts at BMO Capital Markets from $48.00 to $45.00 in a research report issued on Monday,MarketScreener reports. The brokerage presently has an “outperform” rating on the energy company’s stock. BMO Capital Markets’ price target suggests a potential upside of 23.76% from the stock’s previous close.

Several other brokerages have also recently issued reports on DVN. Raymond James Financial upped their price objective on Devon Energy from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group boosted 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. Morgan Stanley increased their price objective on shares of Devon Energy from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Sanford C. Bernstein dropped their price objective on shares of Devon Energy from $48.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Barclays decreased their target price on shares of Devon Energy from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.41.

Devon Energy Price Performance

DVN traded down $1.56 during trading on Monday, hitting $36.36. 22,427,349 shares of the company traded hands, compared to its average volume of 11,314,007. 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 company has a market cap of $22.81 billion, a PE ratio of 8.56, a P/E/G ratio of 3.12 and a beta of 0.60. The stock’s 50-day simple moving average is $36.21 and its two-hundred day simple moving average is $34.62. Devon Energy has a 1 year low of $25.89 and a 1 year high of $38.88.

Devon Energy (NYSE:DVN) last released its quarterly earnings data on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.93 by $0.11. The business had revenue of $0.00 million during the quarter, compared to the consensus estimate of $4.10 billion. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. During the same quarter in the prior year, the firm earned $1.10 EPS. As a group, sell-side analysts anticipate that Devon Energy will post 4.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Devon Energy

Several institutional investors have recently made changes to their positions in DVN. Opal Wealth Advisors LLC purchased a new position in Devon Energy during the second quarter valued at approximately $25,000. Caldwell Trust Co bought a new stake in Devon Energy during the 2nd quarter valued at $25,000. PFS Partners LLC acquired a new position in shares of Devon Energy during the third quarter worth $25,000. First Horizon Corp acquired a new stake in shares of Devon Energy in the 3rd quarter worth $26,000. Finally, Accredited Wealth Management LLC increased its position in Devon Energy by 61.6% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Analysts remain constructive on Devon’s operational outlook for 2026 — Barclays and other coverage highlight upside to production and a $40 price target on DVN, which supports longer‑term investor confidence. Analysts Optimistic on Devon Energy’s (DVN) 2026 Production Outlook
• Positive Sentiment: Unusual call option activity has been reported, which market participants interpret as bets on a dividend increase or other shareholder-friendly action around the Feb. 17 earnings release — a potential positive catalyst if realized. Devon Energy Unusual Call Option Activity – Investors Expecting a Dividend Hike?
• Positive Sentiment: DVN showed bullish intraday momentum on Jan. 14, indicating there remains buyer interest ahead of earnings and any corporate developments. Devon Energy (DVN) Rises As Market Takes a Dip: Key Facts
• Neutral Sentiment: Broader analyst commentary and coverage on DVN’s valuation and Wall Street ratings continue to matter to investors, but they don’t appear to be the immediate driver of today’s move. Is It Worth Investing in Devon Energy (DVN) Based on Wall Street’s Bullish Views?
• Negative Sentiment: Multiple outlets report Devon and Coterra are in merger talks to form one of the largest independent U.S. shale producers — markets appear uncertain about who would lead the combined company, potential dilution, regulatory hurdles and integration risks, which is weighing on Devon shares today. Exclusive: US shale producers Devon Energy and Coterra Energy in merger talks, sources say
• Negative Sentiment: Additional reports (Bloomberg/MSN/Financial Post) describe Coterra exploring a potential deal and frame this as a possible “megadeal” in oil & gas — the headlines have pushed Coterra shares higher while Devon trades lower on deal uncertainty. Devon Energy, Coterra Energy reportedly hold merger talks Coterra Energy exploring potential merger deal with Devon Energy – Bloomberg Coterra Considers Combining With Devon Energy in Oil Megadeal
• Negative Sentiment: Market reaction is confirmed by coverage noting Coterra’s stock rising as Devon falls — the immediate impact is sentiment-driven until any formal deal terms are announced. Coterra stock rises, Devon falls following report on merger talks

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.