DVN Devon Energy Corporation

bullish · high conviction track record → $44.49 +0.38 (+0.9%)
Mkt Cap $54B P/E 13.2 fwd 8.9 52wk $30.24 - $52.71 8h ago
Insider selling: $4,416,739 sold by 12 insiders (30d)
Est. revisions: -4.6% (3 up, 7 down in 30d)
Factor Model (net -2.5)

Factor Model

net -2.5 6.4 / 10
Est. Revisions
-0.3
Insider Activity
+0.0
Momentum
-0.8
Analyst Rev.
-0.7
Narrative Gap
-0.5

Mizuho lifts Devon Energy target to $68

Watch: Watch Devon's Q2 post-merger results for synergy realization and free cash flow to validate valuation moves.

Mizuho raised Devon Energy's price target to $68 from $62 citing sustained Iran crisis effects on oil prices and refining margins. It increased 2026 oil price forecasts by 25% and refining cracks by 61%. Barclays also raised its target to $62 and maintained Overweight due to tightening oil markets. Analyst consensus is mixed but predominantly positive with several upgrades recently.

Higher oil price and refining margin forecasts support Devon's revenue and margin outlook, reinforcing its attractiveness amid a tighter oil environment.

Evidence

9h ago Mizuho Raises Devon Energy (DVN) Price Target as Higher Oil Prices Support Outlook yahoo-finance
4d ago Mizuho main DVN: Outperform → Outperform
5d ago Barclays main DVN: Overweight → Overweight
6d ago Don't Expect Oil Prices to Drop Until 2027. Here Are 2 Stocks to Buy for This Exact Scenario. yahoo-finance
8d ago Devon Spends $2.6 Billion to Expand Delaware Basin Footprint yahoo-finance
9d ago Morgan Stanley main DVN: Overweight → Overweight
10d ago Jim Cramer on SOLV Energy: “That’s a Great Niche Company” yahoo-finance
11d ago Citigroup main DVN: Buy → Buy
7 older signals
11d ago Jefferies Sees Multiple Catalysts Driving Devon Energy (DVN) Higher after Coterra Deal
12d ago Short interest surged 22% to 36,960,689 shares
12d ago Wells Fargo main DVN: Overweight → Overweight
13d ago Devon Energy vs. Chevron: Here's the Better Oil Stock to Own Right Now
14d ago U.S. Upstream Mergers Hit $38B As M&A Rebounds
24d ago Devon Misses Q1 Profit Estimates Ahead of Coterra Merger
39d ago Scotiabank main DVN: Sector Perform → Sector Perform
Fundamentals & Data ▾
Devon Energy Corporation Energy · Oil & Gas E&P
Mkt Cap
$54B
P/E
13.2 fwd 8.9
Beta
0.48
Div Yield
220.00%
52w Range
$30.24 - $52.71
Short Interest
37.0M 5.97%
Days to Cover
2.9 +12%
Technicals downtrend
vs 20d MA
-6.1%
from 52w Hi
-13.4%
Vol (20d)
43%
1w return
-5.6%
1m return
-12.9%
Vol ratio
0.8x
Insiders
selling 0B / 2S
Analysts
mixed
EPS Estimate
$1.61 -4.6% 30d 3up / 7dn
Est. Dispersion
99% 18 analysts
Analyst Target
$61 $44 - $72
Options P/C
0.32 2C / 0P unusual
Insider Cluster
sell cluster 0B / 2S
Fund Convergence
strong Citadel, Bridgewater, D.E. Shaw, Renaissance
Financials
Revenue
$3.8B -14% YoY
FCF
$626M
Gross Margin
12%
Op Margin
8%
Momentum: decelerating
Top Holders
Citadel $247M
Bridgewater $43M
D.E. Shaw $40M
Renaissance $23M
Recent Filings & Data
insider trade 14
net selling · $4,416,739 sold
12 insiders · 14 transactions (30d)
Recent transactions
WATTS MARCUS A · award
JORDEN THOMAS E · award
BROCK AMANDA M. · award
CONAWAY GREGORY F · award
YOUNG SHANNON E. III · award
SIRGO BLAKE A · award
DESHAZER MICHAEL D · award
ALEXANDER ANDREA · award
HERNANDEZ JACINTO J. · award
VELA ADAM M · award
SHELLEBARGER JEFFREY EARLE · award
RITENOUR JEFFREY L. · sell · $3,267,553
VELA ADAM M · sell · $1,149,186
JORDEN THOMAS E · other
Track Record (0/1 correct) ▾

Direction History

0/1 correct at 5 days
2026-05-17 bullish -4.6% ✗
Full track record across all stocks →
15 signals · latest 9h ago

Keep reading the market

Direction shifts, insider clusters, filing red flags, and earnings call changes stay published on the site.

All stocks → Track record → How it works →