Devon Energy (NYSE:DVN) Trading Up 5.4% – Still a Buy?

Devon Energy Corporation (NYSE:DVN) shares rose 5.4% on Wednesday . The stock traded as high as $36.81 and last traded at $36.9850. Approximately 6,345,686 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 8,532,611 shares. The stock had previously closed at $35.09.

More Devon Energy News

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

• Positive Sentiment: Citigroup reiterated a Buy on Devon, reinforcing institutional confidence in the company’s cash-generation and capital-return profile; that vote of confidence likely supported the stock’s uptick. Article Title
• Positive Sentiment: Zacks Research raised near-term estimates: small upward revisions to Q4 2025 and Q1 2026 EPS and a slight lift to FY2025 forecast (now reflected in its model), signaling modestly improved short-term earnings momentum. Article Title
• Neutral Sentiment: Zacks also boosted Q1 2027 estimates (small increase), showing mixed adjustments across periods — near-term upgrades balanced by later-year revisions, so immediate impact is limited. Article Title
• Negative Sentiment: Offsetting the positives, Zacks trimmed several 2027 estimates (Q2 and Q3 cuts and a modest reduction to FY2027), which could weigh on longer-term earnings expectations and cap upside if the trend continues. Article Title

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Evercore ISI raised their target price on Devon Energy from $34.00 to $37.00 and gave the stock an “in-line” rating in a report on Monday, October 6th. Royal Bank Of Canada set a $42.00 target price on shares of Devon Energy and gave the stock a “sector perform” rating in a research note on Friday, October 10th. Piper Sandler dropped their price target on shares of Devon Energy from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Roth Capital assumed coverage on shares of Devon Energy in a research note on Monday, October 13th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, BMO Capital Markets lowered their target price on shares of Devon Energy from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.86.

Devon Energy Stock Up 0.4%

The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $22.50 billion, a P/E ratio of 8.44, a PEG ratio of 2.71 and a beta of 0.62. The company has a fifty day moving average price of $34.81 and a 200-day moving average price of $34.22.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.The company had revenue of $0.00 million during the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the company earned $1.10 earnings per share. As a group, research analysts forecast that Devon Energy Corporation will post 4.85 EPS for the current fiscal year.

Devon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, December 15th. Devon Energy’s payout ratio is currently 22.59%.

Hedge Funds Weigh In On Devon Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Aprio Wealth Management LLC lifted its holdings in shares of Devon Energy by 4.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 7,521 shares of the energy company’s stock valued at $264,000 after acquiring an additional 297 shares during the last quarter. Accredited Wealth Management LLC raised its position in Devon Energy by 61.6% during the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock valued at $28,000 after purchasing an additional 308 shares during the period. Lindenwold Advisors INC lifted 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 lifted its stake in shares of Devon Energy by 2.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,620 shares of the energy company’s stock valued at $442,000 after purchasing an additional 318 shares during the last quarter. Finally, SVB Wealth LLC boosted its holdings in shares of Devon Energy by 4.1% in the 1st quarter. SVB Wealth LLC now owns 8,131 shares of the energy company’s stock worth $304,000 after purchasing an additional 321 shares during the period. 69.72% of the stock is owned by hedge funds and other institutional investors.

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.