Devon Energy (NYSE:DVN) Downgraded by Zacks Research to “Strong Sell”

Devon Energy (NYSE:DVN) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports. Zacks Research also issued estimates for Devon Energy’s Q1 2026 earnings at $0.96 EPS, Q3 2026 earnings at $0.96 EPS, Q4 2026 earnings at $0.87 EPS, FY2026 earnings at $3.68 EPS, Q1 2027 earnings at $1.09 EPS, Q2 2027 earnings at $1.06 EPS, Q3 2027 earnings at $1.18 EPS, Q4 2027 earnings at $1.12 EPS and FY2027 earnings at $4.45 EPS.

A number of other equities research analysts have also recently weighed in on the company. Roth Mkm reiterated a “buy” rating and issued a $42.00 price objective on shares of Devon Energy in a research note on Wednesday, December 31st. Evercore ISI boosted their target price on Devon Energy from $34.00 to $37.00 and gave the company an “in-line” rating in a report on Monday, October 6th. Johnson Rice reduced their target price on Devon Energy from $70.00 to $62.00 and set a “buy” rating for the company in a report on Friday, December 5th. Scotiabank downgraded shares of Devon Energy from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $47.00 to $41.00 in a report on Thursday, January 15th. Finally, 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 report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Devon Energy presently has a consensus rating of “Moderate Buy” and an average target price of $44.76.

Devon Energy Stock Performance

Shares of DVN stock opened at $39.58 on Monday. 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 firm has a market cap of $24.83 billion, a P/E ratio of 9.30, a P/E/G ratio of 3.64 and a beta of 0.60. The firm’s 50 day moving average price is $36.72 and its 200-day moving average price is $34.88. Devon Energy has a one year low of $25.89 and a one year high of $39.74.

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

Hedge Funds Weigh In On Devon Energy

A number of hedge funds have recently bought and sold shares of DVN. Caldwell Trust Co acquired a new position in Devon Energy during the 2nd quarter worth $25,000. PFS Partners LLC acquired a new stake in shares of Devon Energy during the third quarter valued at approximately $25,000. First Horizon Corp acquired a new position in Devon Energy in the 3rd quarter worth approximately $26,000. Accredited Wealth Management LLC grew its position in Devon Energy by 61.6% during 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 in the last quarter. Finally, Ameriflex Group Inc. grew its position in Devon Energy by 702.0% during the 3rd quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock worth $28,000 after purchasing an additional 702 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Devon Energy News Roundup

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

• Positive Sentiment: Siebert Williams Shank raised its price target to $50 (from $46) and kept a Buy rating — a ~26.7% implied upside from the ~ $39.47 reference level; this upgrade is likely supporting upside momentum in the stock. Read More.
• Neutral Sentiment: Coverage/market commentary highlighting Devon’s relative strength and multi-year returns may attract momentum or retail interest, but these are descriptive pieces rather than new fundamentals. Read More.
• Neutral Sentiment: Longer-term performance write-up showing historical returns (e.g., hypothetical $1,000 over 5 years) provides context for investor sentiment but is unlikely to move the stock materially on its own. Read More.
• Neutral Sentiment: Small upward tweaks from Zacks on isolated quarters (e.g., Q1 2026 and Q2 2027 nudged higher) are mixed and do not offset broader downward revisions; treated as neutral in isolation.
• Negative Sentiment: Zacks Research cut several quarterly and full‑year EPS forecasts and lowered FY2027 (4.55 → 4.45) and FY2026 (3.71 → 3.68) estimates, while maintaining a “Strong Sell” rating — this is a negative catalyst that can pressure the stock by reducing near‑term earnings expectations and signaling analyst pessimism.

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.