Devon Energy (NYSE:DVN) Price Target Raised to $47.00 at Susquehanna

Devon Energy (NYSE:DVN) had its target price upped by investment analysts at Susquehanna from $45.00 to $47.00 in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has a “positive” rating on the energy company’s stock. Susquehanna’s price target indicates a potential upside of 16.11% from the company’s current price.

A number of other brokerages have also recently commented on DVN. Weiss Ratings upgraded Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein reduced their target price on Devon Energy from $48.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Siebert Williams Shank upped their price objective on Devon Energy from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Zacks Research downgraded Devon Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Evercore ISI raised their price target on shares of Devon Energy from $34.00 to $37.00 and gave the company an “in-line” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.55.

Devon Energy Stock Up 0.8%

Shares of Devon Energy stock traded up $0.34 on Tuesday, reaching $40.48. 2,776,908 shares of the company were exchanged, compared to its average volume of 10,292,954. The company has a market capitalization of $25.39 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 3.66 and a beta of 0.60. 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 50-day moving average of $37.07 and a 200 day moving average of $35.09. Devon Energy has a one year low of $25.89 and a one year high of $41.31.

Devon Energy (NYSE:DVN) last issued its earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. The business had revenue of $0.00 million during the quarter, compared to the consensus estimate of $4.10 billion. During the same period last year, the business posted $1.10 EPS. On average, equities research analysts forecast that Devon Energy will post 4.85 earnings per share for the current year.

Institutional Trading of Devon Energy

Several hedge funds have recently bought and sold shares of DVN. Geode Capital Management LLC grew its stake in shares of Devon Energy by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 18,595,683 shares of the energy company’s stock worth $589,399,000 after acquiring an additional 218,034 shares during the period. Victory Capital Management Inc. lifted its holdings in Devon Energy by 5.0% during the third quarter. Victory Capital Management Inc. now owns 11,845,958 shares of the energy company’s stock valued at $415,319,000 after purchasing an additional 560,652 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in 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 raised its position in shares of 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 period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Devon Energy by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,784,270 shares of the energy company’s stock valued at $152,188,000 after buying an additional 77,433 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy News Summary

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

• Positive Sentiment: Scotiabank raised its price target on Devon from $41 to $45 (sector perform), implying roughly a mid‑teens upside from the recent open; that analyst action is providing fresh buy‑side momentum. Benzinga: Scotiabank raises PT
• Positive Sentiment: The announced $58B all‑stock merger with Coterra is being pitched as creating a top U.S. shale operator with scale, a stronger Delaware Basin position and potential cost synergies—fundamental drivers that can support a higher multi‑year valuation. BusinessWire: Devon & Coterra combine
• Neutral Sentiment: Major business press is broadly covering the deal (WSJ, Forbes, Seeking Alpha), which increases visibility and may attract longer‑term investors even as short‑term trading remains choppy. Forbes: Merge coverage
• Negative Sentiment: Several shareholder‑rights firms have opened investigations into whether the merger is fair to Devon holders; that litigation and governance scrutiny can introduce deal risk, legal costs and uncertainty. PR Newswire: Kimmeridge comment
• Negative Sentiment: Investor‑rights firms (Halper Sadeh, Monteverde & Associates) separately announced probes into the transaction’s fairness; these announcements have been cited by traders as a reason for early selling pressure. BusinessWire: Halper Sadeh investigation
• Negative Sentiment: Market reaction to the deal was mixed: some coverage and data services reported that DVN and CTRA shares initially slid on the announcement as investors assessed share‑exchange terms and near‑term dilution. That early weakness is contributing to volatility today. TipRanks: Stocks slide on merger

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.