Devon Energy Corporation ($DVN) Stock Forecast: Up 5.2% Today

What is Devon Energy Corporation?

Devon Energy (DVN) is a leading independent energy company involved in the exploration, development, and production of oil, natural gas, and natural gas liquids. The company primarily operates in the United States.

Why is Devon Energy Corporation going up?

DVN stock is up 5.2% on May 8, 2025 14:22

• Devon Energy (DVN) reported Q1 earnings that slightly missed estimates but witnessed a bullish movement in the stock, indicating underlying strength.
• Despite a slight underperformance compared to the market, DVN closed the trading day with a 0.9% increase, demonstrating positive momentum.
• Investors appear optimistic about Devon Energy's upcoming Q1 earnings, anticipating gains from robust production volumes and strategic hedges, which could be fueling the bullish sentiment.
• The consistent outperformance of DVN relative to the market over the past 5 years may also be contributing to the positive investor sentiment and bullish movement observed today.

DVN Price Chart

DVN Technical Analysis

DVN News

Devon Energy ( DVN ) Lags Q1 Earnings Estimates

Devon Energy (DVN) delivered earnings and revenue surprises of -4.72% and 2.05%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2463410/devon-energy-dvn-lags-q1-earnings-estimates

$100 Invested In Devon Energy 5 Years Ago Would Be Worth This Much Today - Devon Energy ( NYSE:DVN )

Devon Energy DVN has outperformed the market over the past 5 years by 8.33% on an annualized basis producing an average annual return of 22.97%. Currently, Devon Energy has a market capitalization of $20.23 billion.

https://www.benzinga.com/insights/news/25/05/45181190/100-invested-in-devon-energy-5-years-ago-would-be-worth-this-much-today

Devon Energy ( DVN ) Advances But Underperforms Market: Key Facts

Devon Energy (DVN) closed the most recent trading day at $31.44, moving +0.9% from the previous trading session.

https://www.zacks.com/stock/news/2461580/devon-energy-dvn-advances-but-underperforms-market-key-facts

Unlocking Q1 Potential of Devon Energy ( DVN ) : Exploring Wall Street Estimates for Key Metrics

Evaluate the expected performance of Devon Energy (DVN) for the quarter ended March 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

https://www.zacks.com/stock/news/2461083/unlocking-q1-potential-of-devon-energy-dvn-exploring-wall-street-estimates-for-key-metrics

Devon Energy's Q1 Earnings Coming Up: How Should You Play the Stock?

DVN stock's first-quarter earnings are expected to gain from strong production volumes from multi-basin domestic assets. Systematic hedges also protect its production volumes.

https://www.zacks.com/stock/news/2460489/devon-energys-q1-earnings-coming-up-how-should-you-play-the-stock

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Devon Energy Corporation Price History

03.03.2025 - DVN Stock was down 11.7%

• Despite the positive performance of the energy sector, Devon Energy (DVN) experienced a bearish movement recently.
• The bearish trend could be attributed to the overall market turmoil caused by external factors, which has rattled the markets.
• Investors might be taking profits after DVN's strong performance over the past several years, leading to a temporary dip in the stock price.
• It's important to monitor how DVN reacts to market fluctuations in the coming days to assess its resilience amidst broader market challenges.

07.02.2025 - DVN Stock was up 5.3%

• Retirement of John Krenicki Jr. from Devon Energy's board of directors may have been seen positively by investors, hinting at potential strategic changes or new directions for the company.
• Departure of a key figure could have sparked optimism among shareholders, resulting in increased buying activity and driving the bullish movement in DVN's stock price.
• Investors may view this move as a proactive step by Devon Energy to improve corporate governance or streamline decision-making processes, contributing to the favorable market sentiment surrounding the stock.

26.08.2024 - DVN Stock was down 5.1%

• The bearish movement in Devon Energy (DVN) stock could be attributed to:
• Options traders showing bearish sentiment, indicating a possible negative outlook on the stock.
• Despite a market uptick, DVN stock closed lower, suggesting specific company-related factors influencing the downward movement.
• The upcoming third-quarter earnings release and conference call announcement may have raised concerns or uncertainty among investors, leading to a sell-off of the stock.

22.03.2025 - DVN Stock was up 7.7%

• Devon Energy has unveiled a strategic plan to enhance its operations with the goal of increasing pre-tax free cash flow significantly.
• The company's announcement of a $1 billion annual optimization plan, which focuses on capital efficiency, production optimization, commercial gains, and corporate cost reductions, has boosted investor confidence and driven up the stock price.
• The market has positively responded to Devon Energy's proactive efforts to improve efficiency and profitability, resulting in increased demand for its shares and the observed bullish movement.

26.08.2024 - DVN Stock was down 5.1%

• DVN stock experienced a bearish movement likely due to:
• Being traded at a discounted valuation to its industry, prompting investors to wait for a better entry point.
• Options market movements indicating potential concerns or uncertainties among traders.
• A slight decrease in stock price amidst a market uptick, possibly leading to profit-taking.
• The upcoming third-quarter earnings release and conference call scheduled by Devon Energy could be contributing to investor caution and anticipation, leading to the bearish market movement as investors wait for further insights into the company's financial performance.

04.03.2025 - DVN Stock was down 10.9%

• The recent bearish movement in Devon Energy (DVN) could be attributed to the unusual options activity indicating a bearish position taken by investors.
• Despite the positive performance over the past 5 years, DVN might be experiencing a temporary setback due to the overall market conditions influenced by external factors.
• The slight decline in DVN's stock price in the last trading session could be a reflection of the broader market sentiment impacting energy stocks, including DVN.

08.03.2025 - DVN Stock was down 5.1%

• Devon Energy (DVN) experienced a bearish trend today, closing at $37.57, marking a -0.45% shift from the previous trading day.
• Noteworthy bearish options activity in DVN implies that investors with substantial capital are taking a pessimistic view on the stock.
• While Devon Energy has a history of surprising earnings, it may be encountering obstacles reflected in the recent bearish market behavior.
• Market uncertainties, such as the impacts of Trump's tariffs on markets, are likely contributing to the negative sentiment seen in energy stocks like Devon Energy.

19.01.2025 - DVN Stock was up 7.7%

• Strong Q4 earnings were recently reported by Devon Energy, surpassing both earnings and revenue estimates, which resulted in a bullish market movement.
• Analysts and investors have positively reacted to the company's improved efficiency, higher volumes forecast, and lower capex.
• Investor confidence in Devon Energy has been further strengthened by the company's decision to raise its quarterly dividend and provide strong FY25 guidance.
• Despite some bearish options trading, overall market sentiment towards Devon Energy remains positive, driven by its solid financial performance and strategic decisions.

08.04.2025 - DVN Stock was up 5.2%

• Devon Energy (DVN) reported Q1 earnings that slightly missed estimates but witnessed a bullish movement in the stock, indicating underlying strength.
• Despite a slight underperformance compared to the market, DVN closed the trading day with a 0.9% increase, demonstrating positive momentum.
• Investors appear optimistic about Devon Energy's upcoming Q1 earnings, anticipating gains from robust production volumes and strategic hedges, which could be fueling the bullish sentiment.
• The consistent outperformance of DVN relative to the market over the past 5 years may also be contributing to the positive investor sentiment and bullish movement observed today.

17.03.2025 - DVN Stock was up 5.0%

• Devon Energy (DVN) displayed a bullish movement despite trading at a discount to its industry peers.
• The notable stock purchases by Rep. Marjorie Taylor Greene before Trump's tariff pause announcement could have positively impacted market sentiment, influencing DVN's stock price.
• Investors could have responded positively to the news, resulting in increased buying pressure on DVN shares.
• Despite downward earnings estimates, external factors like tariff announcements can still provoke short-term bullish movements in the stock.

03.02.2025 - DVN Stock was down 5.0%

• The downward movement in DVN today may be linked to investors taking profits following a period of significant outperformance.
• Concerns among investors about the company's value relative to EOG Resources could have contributed to the sell-off in DVN shares.
• Despite mostly positive recommendations from brokers, the varied nature of these suggestions may have caused uncertainty among investors, prompting some to divest their DVN holdings.
• In conclusion, the bearish trend in DVN appears to stem from a combination of profit-taking, comparisons with industry peers, and the differing broker recommendations.

19.01.2025 - DVN Stock was up 9.3%

• Devon Energy (DVN) witnessed a significant upward trend in the market today.
• This upward movement is thought to stem from the company's strong performance in the fourth quarter, with revenue exceeding expectations.
• Furthermore, the company's decision to increase its quarterly dividend from 15 cents to 24 cents per share is likely to have instilled greater confidence among investors.
• Positive market sentiment towards DVN was also driven by anticipated robust production from lucrative domestic assets and effective initiatives to reduce debt.