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Devon Energy Corporation ($DVN) Stock Forecast: Up 5.0% Today

Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.

What is Devon Energy Corporation?

Devon Energy (DVN) is an independent energy company that explores and produces oil, natural gas, and natural gas liquids in the US. Today, DVN experienced a strong bullish movement in the stock market.

Why is Devon Energy Corporation going up?

DVN stock is up 5.0% on Jan 23, 2026 15:00

  • An increase in DVN's price target to $46 by Bank of America, due to its resilient portfolio and low breakeven points, while maintaining a Buy rating, could have been a factor in today's positive stock movement.
  • Talks about a potential merger between Devon Energy and Coterra Energy may have boosted investor confidence in the creation of one of the largest independent shale producers in the U.S.
  • Despite overall caution in the oil market, DVN's growth potential and strong portfolio set it apart from other oil and gas companies facing downgrades due to anticipated lower prices. This contrast potentially highlighted DVN's appeal to investors.

DVN Price Chart

DVN Technical Analysis

DVN News

BofA Lifts Devon Energy (DVN) PT to $46, Favoring Its Resilient Portfolio

Bank of America raised its price target for Devon Energy (DVN) to $46 from $45, maintaining a Buy rating due to the company's resilient portfolio and low breakeven points, despite a cautious stance on the broader oil market. In contrast, Scotiabank downgraded DVN to Sector Perform from Sector Outperform, lowering its price target to $41, attributing the valuation shift to the stock's significant outperformance in 2025. The article also notes that while DVN has growth potential, some AI stocks are seen as holding greater promise for higher returns with limited downside risk.

https://www.insidermonkey.com/blog/bofa-lifts-devon-energy-dvn-pt-to-46-favoring-its-resilient-portfolio-1678759/

0 News Article Image BofA Lifts Devon Energy (DVN) PT to $46, Favoring Its Resilient Portfolio

BofA Lifts Devon Energy (DVN) PT to $46, Favoring Its Resilient Portfolio

Bank of America raised its price target for Devon Energy (DVN) to $46 from $45, reiterating a Buy rating due to the company's resilient portfolio and low breakeven points. This positive outlook from BofA stands in contrast to Scotiabank's recent downgrade of DVN from Sector Outperform to Sector Perform, with a reduced price target of $41, attributing the change to the stock's significant 2025 outperformance and a shift in valuation. Devon Energy, an independent energy company, explores and produces oil, natural gas, and natural gas liquids in the US.

https://finviz.com/news/284851/bofa-lifts-devon-energy-dvn-pt-to-46-favoring-its-resilient-portfolio

1 News Article Image BofA Lifts Devon Energy (DVN) PT to $46, Favoring Its Resilient Portfolio

ConocoPhillips execs urge water reuse in the Permian Basin

ConocoPhillips executives, including Permian region president Aaron Hunter and executive vice president Nick Olds, emphasized the immense potential of the Permian Basin. They advocated for increased water reuse in the region to manage the significant quantities of water produced alongside oil, urging state agencies to collaborate on beneficial reuse standards. Additionally, they called for state facilitation in building new transmission lines to support the Permian Basin's rising electricity demands.

https://www.mrt.com/business/oil/article/permian-conocophillips-water-reuse-21307692.php

2 Missing News Article Image ConocoPhillips execs urge water reuse in the Permian Basin

Advanced merger talks between Devon Energy and Coterra Energy

Devon Energy and Coterra Energy are reportedly in advanced merger talks, which could create one of the largest independent shale producers in the U.S. While leadership has not publicly commented, reports indicate significant progress in discussions. Both companies have substantial operations in key U.S. basins, and a merger would follow a trend of major oil and gas industry consolidations seen in recent years.

https://www.okenergytoday.com/2026/01/advanced-merger-talks-between-devon-energy-and-coterra-energy/

3 News Article Image Advanced merger talks between Devon Energy and Coterra Energy

Barclays cuts APA Corp, CNX as it sees lower oil and gas prices

Barclays has downgraded APA Corporation (NASDAQ:APA) and CNX Resources to Underweight, citing expectations of lower oil and gas prices. The firm cut its Henry Hub gas price forecast for 2026 and 2027, and its 2026 WTI oil forecast, while noting concerns about a potential global oil supply overhang and easing gas momentum. Barclays also reinstated Occidental (NYSE:OXY) at Equal Weight following its OxyChem divestiture, acknowledging accelerated debt reduction but continued constraints on cash returns until preferred share redemptions begin in 2029.

https://www.investing.com/news/stock-market-news/barclays-cuts-apa-corp-cnx-as-it-sees-lower-oil-and-gas-prices-4460740

4 Missing News Article Image Barclays cuts APA Corp, CNX as it sees lower oil and gas prices

Devon Energy Corporation Price History

09.09.2025 - DVN Stock was up 0.8%

  • Factors contributing to the recent decline in DVN's stock price include:
  • Investors taking profits following a recent increase in stock price.
  • Worries about how fluctuating oil prices could affect the company's earnings.
  • Internal happenings at the company that might have unfavorably impacted investor confidence.
  • Market turbulence causing DVN's stock performance to diverge from the general market trend.

11.10.2025 - DVN Stock was up 5.3%

  • Devon Energy (DVN) has witnessed a positive movement today following the announcement of their Q3 earnings.
  • The company has exceeded earnings and revenue expectations, reflecting robust financial performance and promising growth opportunities.
  • Investor sentiment appears upbeat regarding Devon Energy's future prospects, as illustrated by the stock's upward trend.
  • Devon Energy's consistent market outperformance over the past five years further solidifies investor trust in the company's capacity to generate returns.

05.00.2026 - DVN Stock was down 5.3%

  • DVN experienced a bearish movement today amidst a bullish trend in the oil and gas sector, driven by various factors:
  • The surge in US oil company stocks like Chevron and Exxon Mobil following the US-Venezuela conflict may have diverted investor attention away from DVN.
  • Occidental Petroleum's strategic divestment of its OxyChem unit to Berkshire Hathaway, strengthening its balance sheet and focus on oil and gas, could have highlighted DVN's position in the market.
  • Despite Allspring Global Investments Holdings LLC reducing its stake in DVN, institutional ownership remains high, indicating continued confidence in the company's performance.
  • The overall market sentiment towards oil and gas stocks, influenced by geopolitical events and strategic business decisions, likely contributed to DVN's bearish movement today.

10.09.2025 - DVN Stock was down 5.7%

  • Devon Energy (DVN) experienced a significant bearish movement, declining by -1.77%.
  • The negative market sentiment could be attributed to broader concerns about the energy sector or a decrease in oil prices.
  • Investors may have reacted to specific news related to Devon Energy, prompting the sell-off.
  • It's essential for investors to stay informed about developments in the energy sector and company-specific news to make well-informed decisions regarding DVN's stock.

08.00.2026 - DVN Stock was up 5.2%

  • Despite the overall bearish sentiment in the energy sector, Devon Energy (DVN) experienced a strong bullish movement today.
  • The bullish trend can be attributed to a 'Buy' rating on DVN by Roth Capital, with a price target of $42, emphasizing the company's strong free cash flow generation and compelling valuation.
  • Additionally, Devon Energy's success in the recent BLM lease sale in the Delaware Basin, where they set new records, could have boosted investor confidence in the company's growth prospects.
  • The company's strategic initiatives such as exploring hydrogen as part of its energy transition efforts and maintaining profitability even at low WTI crude prices might have also contributed to the positive market sentiment surrounding DVN.

23.00.2026 - DVN Stock was up 5.0%

  • An increase in DVN's price target to $46 by Bank of America, due to its resilient portfolio and low breakeven points, while maintaining a Buy rating, could have been a factor in today's positive stock movement.
  • Talks about a potential merger between Devon Energy and Coterra Energy may have boosted investor confidence in the creation of one of the largest independent shale producers in the U.S.
  • Despite overall caution in the oil market, DVN's growth potential and strong portfolio set it apart from other oil and gas companies facing downgrades due to anticipated lower prices. This contrast potentially highlighted DVN's appeal to investors.

07.00.2026 - DVN Stock was down 5.1%

  • RPG Investment Advisory LLC raised its DVN holdings by 11% in Q3, now owning 287,110 shares valued around $10.06 million. This notable increase in holdings could have prompted some investors to take profits, contributing to the stock's decline.
  • Analysts have mixed views on energy companies, including DVN, which was given a "Moderate Buy" rating with a target price of $44.62. Uncertainty in the energy sector may have led traders to sell DVN shares.
  • Although Wolfe Research reduced DVN's target price to $48.00 with a potential upside of 30.19%, the general energy market sentiment, reflected in HighPeak Energy Inc.'s stock volatility due to falling crude prices, likely spurred a broader sell-off in energy stocks, including DVN.
  • DVN's underperformance compared to the S&P 500 and its industry in the past month, along with the company's Zacks Rank #3 (Hold), may have further fueled negative sentiment among investors, driving today's downward movement in the stock price.

17.11.2025 - DVN Stock was up 5.2%

  • A notable investment firm significantly increased its stake in Devon Energy Corporation, signaling strong confidence in the company's future prospects.
  • Devon Energy reported strong Q3 earnings, surpassing market expectations, and declared a quarterly dividend, enhancing investor sentiment.
  • The reduction in the price of Venezuelan oil by another energy company may have positively impacted Devon Energy, potentially leading to improved margins and profitability.
  • The overall bullish movement in the energy sector, as evidenced by recent share price gains and strategic growth initiatives of other companies, could have also contributed to the positive momentum in Devon Energy's stock.

14.00.2026 - DVN Stock was up 5.1%

  • Devon Energy (DVN) experienced a strong bullish movement today, likely driven by positive analyst sentiment and outlook for its 2026 production.
  • Analysts' optimism regarding DVN's production outlook, despite short-term oil price pressure concerns, has boosted investor confidence in the company's future prospects.
  • The selling of DVN shares by the New York State Teachers Retirement System did not seem to deter overall market sentiment, as the company's strong fundamentals and strategic initiatives continue to attract investor interest.
  • The market movement may also have been influenced by the broader positive sentiment in the oil and gas sector, as highlighted by the performance of other energy companies like Baytex Energy and the Principal U.S. Mega-Cap ETF.

15.00.2026 - DVN Stock was down 5.2%

  • DVN experienced a bearish movement today despite positive analyst outlook and insider buying activity in the energy sector.
  • The reduction in stake by Sumitomo Mitsui Trust Group Inc. might have influenced market sentiment, leading to a sell-off in DVN shares.
  • Analysts are optimistic about DVN's 2026 production outlook, but short-term price pressure concerns in the oil market could have contributed to the bearish trend.
  • Insider selling activity in Kosmos Energy Ltd. and identified warning signs by Simply Wall St could have added to the negative sentiment in the energy sector, impacting DVN's stock performance.

15.00.2026 - DVN Stock was down 5.2%

  • DVN's stock price declined due to discussions about a possible merger with Coterra Energy.
  • Despite Coterra Energy's stock reacting positively to the news, DVN shareholders may have concerns about the merger's uncertainties and its impact on the company's future.
  • The sale of DVN shares by Sumitomo Mitsui Trust Group Inc. may have also added to the downward pressure on the stock price.
  • Investors are likely monitoring the merger talks closely and analyzing the possible implications on DVN's market position and future growth prospects.

06.10.2025 - DVN Stock was down 2.0%

  • Devon Energy (DVN) outperformed Q3 earnings and revenue estimates but witnessed a significant bearish movement.
  • The discrepancy between higher revenues and lower earnings in the third-quarter results likely influenced the market's negative response.
  • Concerns about how fluctuating oil prices and general market volatility could impact Devon Energy's future profitability drove the stock's bearish movement.
  • Strong cost control measures underscored as positive indicators in recent discussions could support the company's long-term financial outlook. However, short-term market dynamics overshadowed this potential, contributing to the bearish trend.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.