Devon Energy (DVN.US) Price Target 2026/2027: 40% Upside – Rating and Stock Analysis

43,16
2,53%
Price history for Devon Energy (DVN.US) – stock price at 43.16 $, August 2026
Devon Energy stock price – price development 2026. Updated Aug 6, 2026.
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Devon Energy Price Target 2026: Analysts See 38% Upside

The average price target for Devon Energy is $59.38. This price target represents the analysts' view of the stock price over the next 12 months. The stock may be undervalued, because the price target is higher than the current price. The stock is 37,60% below the target, which can point to potential returns within the next 12 months if the analysts' view proves right. Also consider the stock's valuation ratios such as P/E, P/S and P/B, plus the technical analysis further down the page, for the full picture.

Is Devon Energy overvalued or undervalued?

Devon Energy is currently undervalued with a gap of 37.6% relative to the price target.


The current price is $43.16, which places Devon Energy in the undervalued category. The stock is considered undervalued when the price is below $53.44, and overvalued when the price exceeds $65.32.


The fair value range is defined as ±10% of the price target, because price targets are estimates rather than exact values. For Devon Energy, the fair value range lies between $53.44 and $65.32.


See the full price target analysis for Devon Energy →

Analyst Ratings for Devon Energy stock in 2026: Buy

27 analysts cover Devon Energy. The majority is positive, with 70.3% recommending Buy, while 29.6% recommend Hold. The average price target is $59.38, which gives an upside of 37.6% from the current price.

Consensus: Buy (4.15/5)
Strong Buy
12 (44.4%)
Buy
7 (25.9%)
Hold
8 (29.6%)
Strong Sell Sell Hold Buy Strong Buy
4.15 out of 5 based on 27 analysts

About Devon Energy – Olie & gas | E&P

Devon Energy Corporation er et stort energiselskab, der fokuserer på at finde og producere olie, naturgas og flydende naturgas. De tjener altså deres penge på at hente fossile brændstoffer op af jorden. Devon Energy driver primært forretning i USA og er især aktive i vigtige områder som Delaware, Anadarko og Williston. Deres forretning dækker hele processen fra efterforskning til selve produktionen. Virksomheden blev grundlagt helt tilbage i 1971 og har hovedkontor i Oklahoma City. Devon Energy er et rent amerikansk selskab, som udelukkende arbejder inden for USA’s grænser. Read more about the company

Key Figures for Devon Energy

$ 51,4B Market cap
$ 16,0B Revenue
Olie & gas | E&P Industry
12.41 P/E
1.71 P/S
3.37 P/B
USA Listed on exchange
Energi Sector

What kind of stock is Devon Energy?

Dividend stock Value stock

Devon Energy is classified as a dividend stock and value stock. This means the stock combines several attractive traits, including a dividend of 2.2%.

Score Overview for Devon Energy

💰 Value Score 78/100 (High)
⭐ Quality Score 51/100 (Neutral)
🚀 Momentum Score 50/100 (Neutral)
📊 Total Score 59/100

⚠️ 1 red flag identified 1 critical

Our analysis has identified 1 potential risk factor in Devon Energy that investors should be aware of.

🚨 Falling earnings: Quarterly earnings have fallen 75% year over year – the company's profitability is under pressure.

📈 Valuation

Devon Energy trades at a P/E ratio of 12.4, which is below the market average and can point to an attractive price. The forward P/E is 8.4 (32% lower), which suggests the market expects rising earnings. The P/S ratio is 1.7. The P/B ratio is 3.4. The PEG ratio is 2.92 — above 2.0 suggests the stock is expensive relative to its growth rate.

💵 Profitability & Growth

Devon Energy has a profit margin of 14.2% (solid) and an operating margin of 6.9%. Return on equity (ROE) is 15.2% — solid return on equity. Return on assets (ROA) is 6.1%. The latest quarterly earnings grew -75.3% year over year — falling earnings.

🏦 Financial Health

The Piotroski score is 6 out of 9 — good financial health. Altman Z2 is 2.31 (middle zone — moderate). The debt-to-equity ratio (D/E) is 108.9% — moderate debt.

🚀 Momentum & Short Interest

Short interest is 2.86%.

Devon Energy Dividend 2026: 2.2% Dividend Yield

Dividend Key Figures for Devon Energy in 2026

Dividend yield
2.15%
Dividend per share
0.32 USD
Payout ratio
35.9%
Healthy
Dividend growth (6 years)
+433.3%
Avg. annual dividend (3 years)
1.53 USD

When does Devon Energy pay a dividend in 2026?

Latest ex-dividend date (traded without the dividend)
June 15, 2026
Next dividend payment
June 30, 2026
Latest payment date
June 30, 2026

How much does Devon Energy pay in dividends?

Devon Energy pays dividends to its shareholders. The most recently paid dividend was 0.32 USD per share, which corresponds to a dividend yield of 2.15%. Over the last 6 years, the annual dividend has grown by 433.3%, which shows positive dividend growth.

The payout ratio is 35.9%, which is considered healthy and sustainable. The company balances rewarding shareholders with reinvesting in growth.

Historical Dividend Payments for Devon Energy

We have registered dividend payments for Devon Energy since 2019-12-12. In that period the stock has paid a dividend 25 times, most recently on 2026-06-15. This stock qualifies as a stable dividend stock, because it has paid a dividend at least once a year for the last 5 years. That makes it attractive to investors looking for steady, regular dividend payments.

Ex-datePayment dateAmountCurrencyPeriod
2026-06-152026-06-300.32USDUnknown period
2026-03-132026-03-310.24USDUnknown period
2025-12-152025-12-300.24USDUnknown period
2025-03-142025-03-310.24USDUnknown period
2024-09-132024-09-300.44USDUnknown period
2024-06-142024-06-280.35USDUnknown period
2024-03-142024-03-280.44USDUnknown period
2023-12-142023-12-290.77USDUnknown period
2023-09-142023-09-290.49USDUnknown period
2023-06-142023-06-300.72USDUnknown period
2023-03-142023-03-310.89USDUnknown period
2022-12-092022-12-301.35USDUnknown period
2022-09-092022-09-301.55USDUnknown period
2022-06-102022-06-301.27USDUnknown period
2022-03-112022-03-311.00USDUnknown period
2021-12-092021-12-300.84USDUnknown period
2021-09-102021-09-300.49USDUnknown period
2021-06-112021-06-300.34USDUnknown period
2021-03-122021-03-310.30USDUnknown period
2020-12-102020-12-300.11USDUnknown period
2020-09-112020-09-300.11USDUnknown period
2020-08-132020-10-010.26USDUnknown period
2020-06-122020-06-300.11USDUnknown period
2020-03-122020-03-310.09USDUnknown period
2019-12-122019-12-270.09USDUnknown period

Insider Trading in Devon Energy 2026: The Signal Is negative

In 2026, insiders at Devon Energy have made 20 transactions – split into 1 purchases and 19 sales. On a net basis, insiders took 65,380,668 $ out of the stock. Active insiders include Muncrief Richard E, DEVON ENERGY CORP/DE, Alexander Andrea and others. In the short term (last 3 months), the insider signal is negative.

Short-Term Signal (3 months): Negative

Insiders have exclusively sold shares over the last 3 months.

Over the last 3 months: 0 purchases and 4 sales. A net 58,001,038 $ out of the stock.

Long-Term Signal (all transactions): Mostly negative

Insiders have sold considerably more than they have bought. At large companies this can be due to planned sales (10b5-1 plans) and is not necessarily a negative signal.

Across the last 20 transactions: 1 purchases and 19 sales. A net 65,380,668 $ out of the stock.

Latest purchase: Muncrief Richard E bought 15,000 shares at 44 $ each on 2024-03-04. The stock has since fallen 5.2%.

Latest sale: DEVON ENERGY CORP/DE sold 1,755,174 shares at 30 $ each on 2026-06-22.

Who is buying: Muncrief Richard E.

Who is selling: DEVON ENERGY CORP/DE, Alexander Andrea, Vela Adam M, Ritenour Jeffrey L, KINDICK KELT and others.

Latest Insider Trades in Devon Energy (2026)

The table shows the last 20 reported insider transactions in Devon Energy. Green rows are purchases, red rows are sales. The data is based on official filings.

Transaction date Name Type Number of shares Price per share ($) Total amount ($)
2026-06-22 DEVON ENERGY CORP/DE Sell 1,755,174 30 52,742,979
2026-06-10 Alexander Andrea Sell 18,000 47 841,320
2026-05-14 Vela Adam M Sell 24,342 47 1,149,186
2026-05-11 Ritenour Jeffrey L Sell 70,029 47 3,267,553
2025-08-11 KINDICK KELT Sell 7,685 33 257,140
2025-08-11 Kelt Kindick Sell 7,685 33 257,140
2025-04-10 Sherrer John Bennett Sell 400 28 11,100
2025-04-10 Raines John David Sell 1,213 28 33,661
2025-02-10 Muncrief Richard E Sell 33,253 34 1,139,248
2025-02-10 Harris David Gerard Sell 12,162 34 416,670

Who is buying and selling Devon Energy shares in 2026?

The following insiders have bought shares in Devon Energy: Muncrief Richard E. In total, 666,300 $ was bought across 1 transactions. The following insiders have sold shares: DEVON ENERGY CORP/DE, Alexander Andrea, Vela Adam M, Ritenour Jeffrey L, KINDICK KELT and others. In total, 66,046,968 $ was sold across 19 transactions. Insider trades are legal transactions in which executives and board members buy or sell shares of their own company. These transactions are reported to the SEC and are publicly available.

Devon Energy Short Selling 2026: 2.9% Sold Short

Moderate short interest: 2.9% of the free float
Short % of free float
2.9%
Assessment
Moderate short interest
Short squeeze risk
Low
Data source
SEC
Updated daily
The stock has a moderate share of short selling. Between 2-5% of the freely traded shares are sold short, which is within the normal range for most stocks.

Data is updated daily based on official filings with the SEC.
Short Interest Scale
0% 2% 5% 10% 20%+
Low Moderate High Very High Extreme
2.9%

When Does Devon Energy Report Earnings?

The next earnings date for Devon Energy is not yet available. Check the company's investor calendar for more information.



Technical Analysis of Devon Energy 2026 – Signal: Buy

Overall Technical Signal: Buy

Based on trend analysis (SMA50/SMA200) and MACD trend (positive/negative on a daily + weekly basis). Updated August 6, 2026.

Technical analysis of Devon Energy (DVN.US) – RSI 42, MACD positive (bullish), daily candlestick chart August 2026
Devon Energy technical analysis – candlestick chart with RSI and MACD. Updated Aug 6, 2026.

Trend Analysis of Devon Energy Corporation

Devon Energy Corporation is in a short-term downtrend. The price of $42.09 is 3.7% below the 20-day average ($43.73). Medium term, the picture is negative: the price is 3.4% below the 50-day average ($43.56). Long term, the stock is 1.2% above the 200-day average ($41.61), which confirms a long-term uptrend.

Golden Cross: The 50-day average (43.56) is above the 200-day average (41.61), which is a classic bullish signal for Devon Energy Corporation.

Is Devon Energy Corporation overbought or oversold?

Devon Energy Corporation has an RSI of 42.4. The stock sits in the lower part of the neutral zone, which points to weak momentum without being oversold.

MACD Analysis for Devon Energy Corporation

Daily MACD: MACD is positive (0.097), which means the short-term trend is bullish (the 12-day EMA is above the 26-day EMA). MACD is below the signal line (0.152) by 0.055, which suggests the positive momentum is fading – the trend could be turning.

Weekly MACD: MACD5 is positive (0.672), which indicates a broader bullish long-term trend. MACD5 is below the signal line (1.387) by 0.715, which suggests the long-term momentum is fading – the positive trend could come under pressure.

Overall MACD assessment: Both the daily and weekly trend are bullish (MACD positive). However, momentum shows signs of weakening on a daily basis. Watch whether the trend holds.

Risk Profile for Devon Energy Corporation

Devon Energy Corporation has an annual standard deviation of 34.1%, which classifies the stock as moderately low risk. There is some volatility, but the price is relatively stable.

Overall Technical Conclusion for Devon Energy Corporation

Trend: Neutral/mixed.

MACD trend (zero line): Daily bullish (0.097). Weekly bullish (0.672).

MACD momentum (signal): Daily falling. Weekly falling.

RSI: 42.4 – neutral.

Technical signal: Buy

The broader trend is positive and MACD supports the picture. Consider buying with a stop-loss below the nearest support level.

Frequently Asked Questions About Devon Energy stock in 2026

Should you buy Devon Energy stock now?
Yes, the technical signal for Devon Energy is currently BUY. Devon Energy trades at $43.16 as of 8/6/2026. The overall technical signal is: Buy. The technical analysis shows the following: MACD is positive (bullish trend) at 0.097 with falling momentum (signal: 0.152); RSI is at 42.4 (neutral zone); the stock is in a short-term downtrend (price below the 20-day average); the analyst price target of $59.38 points to 37.6% upside. This is a technical observation based on current data, not investment advice.
What is the price target for Devon Energy stock?
The average analyst price target for Devon Energy is $59.38. The current price is $43.16, which gives an upside of 37.6%. Based on this, the stock is considered undervalued. The fair value range (±10% of the price target) is between $53.44 and $65.32.
Is Devon Energy a dividend stock?
Yes, Devon Energy is a dividend stock with a dividend yield of 2.15%. The latest dividend was $0.32 per share. The latest ex-dividend date (traded without the dividend) was 6/15/2026. The payout ratio is 35.9%, which is considered sustainable. The next dividend payment is scheduled for 6/30/2026.
When does Devon Energy pay a dividend in 2026?
Devon Energy pays its next dividend on 6/30/2026. The latest dividend was $0.32 per share with an ex-dividend date of 6/15/2026. The dividend yield is 2.15%. The payout ratio of 35.9% points to a sustainable dividend with room to grow.
What is the risk of Devon Energy stock?
Devon Energy is rated as a stock with moderately low risk. the annual standard deviation is 34.1%, which classifies the stock as moderately low risk.
Is Devon Energy overvalued?
No, Devon Energy is considered undervalued based on the analyst price target (37.6% upside). Devon Energy has the following valuation ratios: a P/E ratio of 12.4 (moderately valued), a P/S ratio of 1.7, a P/B ratio of 3.4. The analyst price target suggests that the stock is undervalued by 37.6%.
Is Devon Energy overbought?
No, Devon Energy is not overbought. RSI is at 42.4 (neutral zone). The technical indicators show: RSI is at 42.4 (neutral zone between 30-70), which signals neither overbought nor oversold. In addition, the price is 1.3% below the 20-day average (short-term downtrend). In addition, MACD is positive, but momentum is falling.
When is the next Devon Energy earnings report?
The date of the next earnings report for Devon Energy has not been published yet. Check the company's investor calendar for updates.
Is Devon Energy shorted?
Yes, Devon Energy is shorted with 2.9% of the free float sold short. This is a moderate level of short selling, within the normal range for most stocks. Data is updated daily based on official filings with the SEC.
Are insiders buying Devon Energy stock?
No, insiders are not buying Devon Energy shares – they are net sellers. Over the last 3 months, insiders have made 0 purchases and 4 sales. On a net basis, 58,001,038 $ worth of shares were sold. Across the last 20 reported transactions, the split is 1 purchases and 19 sales, with a net 65,380,668 $ sold. Active sellers include DEVON ENERGY CORP/DE, Alexander Andrea, Vela Adam M and others. Insider selling can have several explanations (e.g. planned 10b5-1 sales, portfolio diversification or taxes), but sustained selling by several insiders is worth watching closely.
Is Devon Energy a good stock?
Based on our total score, Devon Energy is rated as a good stock with a total score of 60 out of 100. The stock scores above average on value, quality and momentum – it is among the top 40% in our database. The score is made up of Value: 78/100, Quality: 51/100, Momentum: 50/100. In addition: analysts see 37.6% upside to the price target; a dividend of 2.15%; technical signal: Buy. Whether Devon Energy is a good investment depends on your time horizon, risk profile and portfolio. This is a data-driven observation, not investment advice.
What is the outlook for Devon Energy stock?
The outlook for Devon Energy based on current data: the average analyst price target is $59.38 (+37.6%); the P/E ratio is 12.4 (low – a possible value stock). Keep in mind that stock prices are affected by many factors, including earnings reports, the economy and market sentiment. Past returns are no guarantee of future returns.
Why is Devon Energy stock moving?
Devon Energy is stable right now. The technical indicators show: the price is close to the 20-day average; insiders have mostly been selling the stock recently. For the latest context, see our technical analysis, insider section and news overview above.
How high can Devon Energy go?
The average analyst price target for Devon Energy is $59.38, which corresponds to a potential gain of 37.6% from the current price of $43.16. Keep in mind that price targets are estimates, not guarantees. Actual price moves depend on earnings, market conditions and unexpected events.
How low can Devon Energy fall?
We lack enough history to give a specific floor for Devon Energy. Remember: past price swings are no guarantee for the future — a stock can fall further than the last 52 weeks suggest, especially on profit warnings, sector crises or a market crash. Use stop-loss orders and spread your portfolio to limit losses in single stocks.
What does Devon Energy do?
Devon Energy Corporation er et stort energiselskab, der fokuserer på at finde og producere olie, naturgas og flydende naturgas. De tjener altså deres penge på at hente fossile brændstoffer op af jorden. Devon Energy driver primært forretning i USA og er især aktive i vigtige ... The company belongs to the Energi sector, more specifically the Olie & gas | E&P industry, is headquartered in USA, and is traded on the USA Stocks. See the key figures, earnings history and price development above to evaluate Devon Energy as an investment.
Did Devon Energy raise or lower its guidance?
Over the last 60 days we have not registered a guidance raise or cut from Devon Energy. The company can still adjust its guidance at quarterly reports or between reports — see the earnings history and the news overview above.
Is Devon Energy making money or losing money?
Yes, Devon Energy is making money, not losing it. The company has a profit margin (the share of revenue left over as profit) of 14.2% — which is solid. The operating margin (profit before interest and taxes) is 6.9%. At a P/E ratio of 12.4, you currently pay 12.4 dollars for every dollar of the company's annual earnings. A consistently profitable company is usually more resilient than growth stocks that are not yet making money.
Can Devon Energy go bankrupt?
The bankruptcy risk of Devon Energy is rated as moderate. Altman Z2 (a model for assessing financial distress) is 2.31 — that places the company in the middle zone. The Piotroski score (financial health 0-9, higher is better) is 6 — which is average. Debt relative to equity is 109% (moderate). Remember: models like Altman Z2 are statistical — unexpected shocks (fraud, a sector collapse, lawsuits) can always happen. Spread your portfolio.
Does Devon Energy have a lot of debt?
Devon Energy has moderate debt relative to equity. The debt-to-equity ratio (D/E — interest-bearing debt to equity) is 109%. For the energi sector, 80-150% counts as a typical level. Note: D/E levels are highly sector-specific — a bank at 300% debt is normal, a tech stock at 300% is extremely leveraged. Always compare with similar companies in the same sector. Can Devon Energy service its debt? Can service its debt without problems — the interest coverage ratio (how many times earnings can cover interest payments) is 17.8x, and net debt equals 1.6 years of earnings (EBITDA).