Devon Energy (NYSE:DVN) Stock Price Expected to Rise, Piper Sandler Analyst Says

Devon Energy (NYSE:DVN) had its price objective hoisted by stock analysts at Piper Sandler from $59.00 to $67.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the energy company’s stock. Piper Sandler’s price target would suggest a potential upside of 44.81% from the company’s current price.

Several other research analysts have also recently issued reports on DVN. Sanford C. Bernstein decreased their target price on shares of Devon Energy from $48.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Roth Mkm reiterated a “buy” rating and set a $50.00 price target on shares of Devon Energy in a report on Thursday, February 19th. Benchmark reissued a “buy” rating on shares of Devon Energy in a research report on Friday, January 16th. UBS Group boosted their price objective on shares of Devon Energy from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Scotiabank lowered their price objective on Devon Energy from $45.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Monday, February 23rd. Twenty-three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.85.

Devon Energy Price Performance

Shares of NYSE:DVN opened at $46.27 on Thursday. Devon Energy has a 1-year low of $25.89 and a 1-year high of $46.41. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.90. The business has a fifty day moving average price of $41.29 and a 200-day moving average price of $37.23. The company has a market capitalization of $28.69 billion, a PE ratio of 11.10, a PEG ratio of 4.68 and a beta of 0.56.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tobam raised its stake in Devon Energy by 16.4% during the 4th quarter. Tobam now owns 1,633 shares of the energy company’s stock worth $60,000 after acquiring an additional 230 shares during the period. TD Private Client Wealth LLC lifted its holdings in Devon Energy by 3.4% during the fourth quarter. TD Private Client Wealth LLC now owns 7,152 shares of the energy company’s stock valued at $262,000 after purchasing an additional 236 shares in the last quarter. Catalyst Financial Partners LLC boosted its position in shares of Devon Energy by 3.9% in the fourth quarter. Catalyst Financial Partners LLC now owns 6,712 shares of the energy company’s stock worth $246,000 after purchasing an additional 254 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in shares of Devon Energy by 21.0% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,480 shares of the energy company’s stock worth $54,000 after purchasing an additional 257 shares during the period. Finally, Zions Bancorporation National Association UT increased its stake in shares of Devon Energy by 7.9% in the fourth quarter. Zions Bancorporation National Association UT now owns 3,527 shares of the energy company’s stock worth $129,000 after purchasing an additional 258 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Piper Sandler raised its price target to $67 and upgraded Devon to “overweight,” signaling sizable analyst upside vs. the current share level — a catalyst that can attract funds and buy-side interest. Piper Sandler price target raise
• Positive Sentiment: Jim Cramer publicly praised Devon’s “great natural gas portfolio,” reinforcing a positive retail/investor narrative that the company is well positioned if gas tightness or price strength emerges. Media endorsements like this can boost retail flows. Jim Cramer on Devon Energy
• Positive Sentiment: Unusually large call-option volume (roughly 99k calls traded) indicates speculative or hedged bullish positioning by options traders, which often precedes increased directional conviction or volatility in the underlying shares. Options activity report
• Positive Sentiment: Geopolitical tensions in the Middle East and a renewed crude rally have lifted oil and gas prices, improving near‑term revenue visibility for pure‑play producers like Devon. Higher commodity realizations are directly positive for earnings and cash flow. Middle East tensions lift oil
• Neutral Sentiment: S&P 500 futures and macro moves (reports referencing $100 oil expectations) are giving energy names a lift, but broader market direction will determine whether gains persist or reverse. S&P and oil story
• Neutral Sentiment: Coverage pieces note Devon has recently underperformed some energy peers despite analyst optimism; that mixed view can limit momentum until earnings or clearer commodity direction arrives. Underperforming sector note
• Neutral Sentiment: Zacks highlighted that Devon gained while the market dipped, suggesting relative strength today but not necessarily a durable trend without follow‑through. Zacks market note
• Negative Sentiment: Analysis cautioning that U.S. supply dynamics could blunt the financial upside from crude rallies serves as a reminder Devon’s upside may be capped if global price moves prove short‑lived or if domestic production offsets gains. Fool caution on upside

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.