Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on Devon Energy (NYSE:DVN) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 7 | 1 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 4 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $44.27, along with a high estimate of $55.00 and a low estimate of $40.00. A decline of 1.43% from the prior average price target is evident in the current average.
Exploring Analyst Ratings: An In-Depth Overview
In examining recent analyst actions, we gain insights into how financial experts perceive Devon Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Paul Cheng | Scotiabank | Lowers | Sector Perform | $41.00 | $47.00 |
| Bob Brackett | Bernstein | Lowers | Outperform | $42.00 | $48.00 |
| Nick Pope | Roth Capital | Maintains | Buy | $42.00 | $42.00 |
| Scott Gruber | Citigroup | Raises | Buy | $44.00 | $43.00 |
| Josh Silverstein | UBS | Raises | Buy | $46.00 | $40.00 |
| Nitin Kumar | Mizuho | Raises | Outperform | $43.00 | $40.00 |
| Devin McDermott | Morgan Stanley | Raises | Overweight | $48.00 | $47.00 |
| Arun Jayaram | JP Morgan | Lowers | Overweight | $44.00 | $49.00 |
| Mark Lear | Piper Sandler | Lowers | Overweight | $55.00 | $57.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $42.00 | $40.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $40.00 | $41.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Devon Energy. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Devon Energy compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Devon Energy's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Devon Energy's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Devon Energy analyst ratings.
Delving into Devon Energy's Background
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two-thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
Devon Energy: A Financial Overview
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Devon Energy's revenue growth over a period of 3M has been noteworthy. As of 30 September, 2025, the company achieved a revenue growth rate of approximately 7.63%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Devon Energy's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 15.86%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.52%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Devon Energy's ROA stands out, surpassing industry averages. With an impressive ROA of 2.19%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Devon Energy's debt-to-equity ratio is below the industry average. With a ratio of 0.56, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
What Are Analyst Ratings?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
