BMO Capital Markets Cuts Devon Energy (NYSE:DVN) Price Target to $45.00

Devon Energy (NYSE:DVN) had its target price cut by BMO Capital Markets from $48.00 to $45.00 in a research note published on Monday morning,MarketScreener reports. They currently have an outperform rating on the energy company’s stock.

DVN has been the subject of a number of other research reports. Barclays dropped their price target on Devon Energy from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Roth Capital restated a “buy” rating and issued a $42.00 target price on shares of Devon Energy in a research report on Wednesday, December 31st. Morgan Stanley upped their price target on shares of Devon Energy from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Siebert Williams Shank reduced their price target on shares of Devon Energy from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Wolfe Research lowered their price objective on shares of Devon Energy from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.41.

Devon Energy Price Performance

Shares of NYSE DVN traded down $1.56 during midday trading on Monday, reaching $36.36. The company’s stock had a trading volume of 22,427,349 shares, compared to its average volume of 11,314,007. 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 company has a market cap of $22.81 billion, a P/E ratio of 8.56, a P/E/G ratio of 3.12 and a beta of 0.60. The business’s 50 day moving average price is $36.21 and its two-hundred day moving average price is $34.62. Devon Energy has a fifty-two week low of $25.89 and a fifty-two week high of $38.88.

Devon Energy (NYSE:DVN) last posted its quarterly earnings data on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. The firm had revenue of $0.00 million for the quarter, compared to analyst estimates 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 last year, the company earned $1.10 EPS. On average, analysts forecast that Devon Energy will post 4.85 EPS for the current fiscal year.

Devon Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.96 annualized dividend and a yield of 2.6%. Devon Energy’s dividend payout ratio is presently 22.59%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Aprio Wealth Management LLC lifted its stake in shares of Devon Energy by 4.1% in the third quarter. Aprio Wealth Management LLC now owns 7,521 shares of the energy company’s stock worth $264,000 after acquiring an additional 297 shares during the period. Accredited Wealth Management LLC lifted its position in shares of Devon Energy by 61.6% in the 3rd quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after purchasing an additional 308 shares during the period. Lindenwold Advisors INC boosted its stake in shares of Devon Energy by 1.2% in the 3rd quarter. Lindenwold Advisors INC now owns 27,094 shares of the energy company’s stock valued at $950,000 after purchasing an additional 314 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Devon Energy by 2.6% during the third quarter. OneDigital Investment Advisors LLC now owns 12,620 shares of the energy company’s stock worth $442,000 after buying an additional 318 shares during the period. Finally, Yousif Capital Management LLC increased its position in shares of Devon Energy by 0.4% during the second quarter. Yousif Capital Management LLC now owns 87,272 shares of the energy company’s stock worth $2,776,000 after buying an additional 321 shares during the period. 69.72% of the stock is currently owned by institutional investors and hedge funds.

More Devon Energy News

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.