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

Zacks Research downgraded shares of Devon Energy (NYSE:DVN) from a hold rating to a strong sell rating in a report published 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.

DVN has been the subject of several other research reports. Scotiabank cut shares of Devon Energy from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $47.00 to $41.00 in a report on Thursday, January 15th. 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. Jefferies Financial Group increased their price objective on Devon Energy from $33.00 to $36.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Capital One Financial lowered their price target on Devon Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Finally, Mizuho raised their price objective on shares of Devon Energy from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.76.

Devon Energy Trading Up 0.7%

Devon Energy stock traded up $0.28 during midday trading on Monday, reaching $39.73. 3,484,626 shares of the stock traded hands, compared to its average volume of 9,578,281. The firm has a market cap of $24.92 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 3.64 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 simple moving average of $36.72 and a two-hundred day simple moving average of $34.88. Devon Energy has a 12-month low of $25.89 and a 12-month high of $39.81.

Devon Energy (NYSE:DVN) last posted its quarterly earnings data on Wednesday, November 5th. The energy company reported $1.04 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 analyst estimates of $4.10 billion. During the same quarter last year, the firm posted $1.10 earnings per share. Research analysts expect that Devon Energy will post 4.85 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, December 15th. Devon Energy’s payout ratio is 22.59%.

Institutional Trading of Devon Energy

Large investors have recently modified their holdings of the business. Aprio Wealth Management LLC grew its position 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 buying an additional 297 shares during the last quarter. Accredited Wealth Management LLC boosted its stake in shares of Devon Energy by 61.6% in the 3rd 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 last quarter. Lindenwold Advisors INC raised its stake in Devon Energy by 1.2% during the third quarter. Lindenwold Advisors INC now owns 27,094 shares of the energy company’s stock worth $950,000 after buying an additional 314 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in Devon Energy by 2.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,620 shares of the energy company’s stock worth $442,000 after acquiring an additional 318 shares during the period. Finally, Yousif Capital Management LLC raised its position in shares of Devon Energy by 0.4% in the 2nd quarter. Yousif Capital Management LLC now owns 87,272 shares of the energy company’s stock worth $2,776,000 after acquiring an additional 321 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Key Devon Energy News

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

• Positive Sentiment: Siebert Williams Shank raised its price target for DVN to $50. This higher target signals bullish analyst conviction that could support further upside if adopted by other brokers. Siebert Williams Shank Boosts Devon Energy Price Target
• Neutral Sentiment: Coverage piece highlighting Devon’s 5?year investor returns provides context on historical performance but is informational rather than a direct catalyst. If You Invested $1000 In Devon Energy Stock 5 Years Ago
• Neutral Sentiment: Article noting rising relative strength for DVN signals improving technical momentum for some traders but is not a fundamental earnings catalyst. Stocks with rising relative strength: Devon Energy
• Negative Sentiment: Zacks Research downgraded DVN from “Hold” to “Strong Sell” and revised many near?term and FY2026/FY2027 EPS estimates lower (FY2027 reduced to $4.45 from $4.55; FY2026 to $3.68 from $3.71), while trimming several quarterly forecasts — a multi?point cut that directly pressures sentiment and could lead some holders to reduce positions. Zacks Research Downgrade and EPS Revisions

Devon Energy Company Profile

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.