Devon Energy (DVN) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Devon Energy (NYSE: DVN):

• 1/23/2025 – Devon Energy had its price target raised by analysts at Raymond James from $53.00 to $54.00. They now have an “outperform” rating on the stock.
• 1/15/2025 – Devon Energy was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $45.00 price target on the stock.
• 1/14/2025 – Devon Energy was upgraded by analysts at Benchmark Co. from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock.
• 1/13/2025 – Devon Energy had its price target lowered by analysts at Truist Financial Co. from $43.00 to $42.00. They now have a “hold” rating on the stock.
• 1/10/2025 – Devon Energy had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $50.00 price target on the stock.
• 1/3/2025 – Devon Energy was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $45.00 price target on the stock.
• 1/3/2025 – Devon Energy was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/25/2024 – Devon Energy was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/17/2024 – Devon Energy had its price target lowered by analysts at Piper Sandler from $57.00 to $53.00. They now have an “overweight” rating on the stock.
• 12/17/2024 – Devon Energy had its price target lowered by analysts at Wells Fargo & Company from $49.00 to $43.00. They now have an “overweight” rating on the stock.
• 12/16/2024 – Devon Energy had its price target lowered by analysts at Mizuho from $51.00 to $47.00. They now have an “outperform” rating on the stock.
• 12/16/2024 – Devon Energy was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/5/2024 – Devon Energy was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $43.00 price target on the stock.

Devon Energy Price Performance

Shares of DVN opened at $35.33 on Tuesday. The business has a 50-day simple moving average of $35.20 and a two-hundred day simple moving average of $39.78. Devon Energy Co. has a 12-month low of $30.39 and a 12-month high of $55.09. The stock has a market cap of $23.20 billion, a PE ratio of 6.55, a PEG ratio of 1.21 and a beta of 2.00. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61.

Devon Energy (NYSE:DVN) last posted its earnings results on Tuesday, November 5th. The energy company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.09 by $0.01. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.72 billion. Devon Energy had a net margin of 21.71% and a return on equity of 24.73%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.65 EPS. Analysts anticipate that Devon Energy Co. will post 4.7 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, December 13th. Devon Energy’s payout ratio is presently 16.33%.

Institutional Trading of Devon Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Devon Energy in the 3rd quarter valued at $35,000. Future Financial Wealth Managment LLC bought a new stake in Devon Energy during the third quarter valued at $39,000. True Wealth Design LLC grew its holdings in Devon Energy by 3,889.3% during the 3rd quarter. True Wealth Design LLC now owns 1,117 shares of the energy company’s stock worth $44,000 after acquiring an additional 1,089 shares during the period. Hazlett Burt & Watson Inc. lifted its stake in shares of Devon Energy by 29.8% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock valued at $49,000 after purchasing an additional 290 shares during the period. Finally, Activest Wealth Management boosted its position in shares of Devon Energy by 60.4% during the 3rd quarter. Activest Wealth Management now owns 1,275 shares of the energy company’s stock valued at $50,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.