Devon Energy (NYSE:DVN) Sets New 52-Week High – Still a Buy?

Devon Energy Corporation (NYSE:DVN)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $39.99 and last traded at $39.85, with a volume of 8869903 shares. The stock had previously closed at $39.45.

More Devon Energy News

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

• Positive Sentiment: Siebert Williams Shank raised its price target on Devon to $50, a bullish signal that can attract buyers and support further upside if investors follow the upgraded target. Read More.
• Positive Sentiment: Within Zacks’ package of revisions there were small upward tweaks to a couple quarters (Q1 2026 to $0.96 from $0.95 and Q2 2027 to $1.06 from $1.03), which slightly offsets the negatives by nudging near-term EPS expectations higher for those periods. Read More.
• Neutral Sentiment: A Benzinga piece highlighting Devon’s five‑year share performance may help longer‑term sentiment and retail interest, but it is unlikely to move the stock materially on its own. Read More.
• Negative Sentiment: Zacks Research downgraded Devon from “Hold” to a firm “Strong Sell” — a reputational negative that tends to pressure flows and could prompt some portfolio managers to reduce exposure. Read More.
• Negative Sentiment: Zacks cut multiple earnings forecasts across FY2026 and FY2027 (FY2026 to $3.68 from $3.71; FY2027 to $4.45 from $4.55) and trimmed several quarterly EPS forecasts. The net effect is lower analyst earnings expectations, which is bearish for the stock’s near‑term valuation. Read More.

Analysts Set New Price Targets

DVN has been the topic of several analyst reports. Argus raised shares of Devon Energy to a “strong-buy” rating in a report on Wednesday, November 26th. UBS Group raised shares of Devon Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $46.00 in a report on Friday, December 12th. Barclays lifted 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 note on Wednesday, January 21st. Benchmark restated a “buy” rating on shares of Devon Energy in a research report on Friday, January 16th. Finally, Capital One Financial dropped their price target on Devon Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.76.

Devon Energy Stock Up 1.0%

The firm’s 50-day moving average is $36.81 and its two-hundred day moving average is $34.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96. The stock has a market cap of $25.00 billion, a P/E ratio of 9.38, a PEG ratio of 3.61 and a beta of 0.60.

Devon Energy (NYSE:DVN) last released its 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. The company had revenue of $0.00 million during the quarter, compared to analysts’ expectations of $4.10 billion. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.During the same period last year, the firm earned $1.10 EPS. On average, equities research analysts anticipate that Devon Energy Corporation will post 4.85 earnings per share for the current year.

Devon Energy Announces Dividend

The firm 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. The ex-dividend date was Monday, December 15th. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. Devon Energy’s dividend payout ratio is presently 22.59%.

Institutional Investors Weigh In On Devon Energy

A number of institutional investors and hedge funds have recently modified their holdings of DVN. Geode Capital Management LLC boosted its stake in Devon Energy by 1.2% in the second quarter. Geode Capital Management LLC now owns 18,595,683 shares of the energy company’s stock valued at $589,399,000 after acquiring an additional 218,034 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Devon Energy by 5.0% in the 3rd quarter. Victory Capital Management Inc. now owns 11,845,958 shares of the energy company’s stock worth $415,319,000 after purchasing an additional 560,652 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Devon Energy by 6.3% during the third quarter. Dimensional Fund Advisors LP now owns 9,353,062 shares of the energy company’s stock worth $327,938,000 after purchasing an additional 552,068 shares during the period. AQR Capital Management LLC increased its holdings in Devon Energy by 29.3% in the third quarter. AQR Capital Management LLC now owns 8,223,219 shares of the energy company’s stock valued at $288,306,000 after purchasing an additional 1,862,720 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Devon Energy by 1.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,784,270 shares of the energy company’s stock valued at $152,188,000 after purchasing an additional 77,433 shares during the last quarter. 69.72% of the stock is owned by institutional investors.

Devon Energy Company Profile

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.