Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
IPO Year: 1985
Exchange: NYSE
Website: devonenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/10/2026 | $54.00 | In-line → Outperform | Evercore ISI |
| 6/8/2026 | $62.00 | Overweight | Analyst |
| 5/15/2026 | $54.00 | In-line | Evercore ISI |
| 5/8/2026 | $62.00 | Hold → Buy | Jefferies |
| 5/5/2026 | $72.00 | Outperform → Strong Buy | Raymond James |
| 3/24/2026 | $63.00 | Buy | Truist |
| 2/4/2026 | $50.00 | Equal Weight → Overweight | Barclays |
| 1/16/2026 | $41.00 | Sector Outperform → Sector Perform | Scotiabank |
| 12/12/2025 | Neutral → Buy | UBS | |
| 12/8/2025 | $44.00 | Neutral → Overweight | Analyst |
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OKLAHOMA CITY, July 01, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report second-quarter 2026 results on Tuesday, August 4, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2026 results will be available on the company’s website at www.devonenergy.com. On Wednesday, August 5, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the website following the call. ABOUT DEVON ENER
HOUSTON, June 24, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE:DVN) ("Devon") today announced the final results of its previously announced offers to Eligible Holders (as defined herein) to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by Coterra Energy Inc., a direct, wholly owned subsidiary of Devon ("Coterra"), as set forth in the table below (the "Existing Coterra Notes") for (1) new notes issued by Devon (the "New Devon Notes") and (2) cash. The following table sets forth the aggregate principal amount of each series of Existing Coterra Notes that were validly tendered (and not validly withdrawn) at or bef
NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, June 23, 2026 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Ashley Mastronardi delivers the pre-market update on June 23rdTraders monitor new developments across the AI trade and the conflict in the Middle East.Disney (NYSE:DIS) releases the result of its latest 'Generation Stream' study at Cannes Lions:84% of streamers say they feel streaming is the original social network.87% say it's important for streaming events to happen live or
HOUSTON, June 16, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced Clay Gaspar, President and CEO will participate in a fireside chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference. The fireside chat is scheduled for 8:45 a.m. Central time (9:45 a.m. Eastern time) on Tuesday, June 23, 2026 and will be webcast live on Devon's website at www.devonenergy.com. A replay of the webcast will be available for 30 days following the event. ABOUT DEVON ENERGYDevon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio anchored by our world-class position in the Delaware Basin, as well as high quality assets in the Anadarko B
HOUSTON, June 09, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today provided an updated outlook for the combined company following the recent completion of its transformative merger with Coterra Energy. Supplemental guidance tables for the combined entity are included below and a presentation is available on the company's website at www.devonenergy.com. KEY HIGHLIGHTS Combined Production Outlook: Production is expected to average 1.380 million barrels of oil equivalent per day for 2026, including oil volumes of 500,000 barrels per day.Capital Investment Plan: Full year 2026 capital spending is expected to total approximately $4.9 billion, with more than 60% allocated to the Pe
HOUSTON, June 08, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE:DVN) ("Devon") today announced that, in connection with the previously announced offers to Eligible Holders (as defined herein) to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by Coterra Energy Inc., a direct, wholly owned subsidiary of Devon ("Coterra"), as set forth in the table below (the "Existing Coterra Notes") for (1) new notes issued by Devon (the "New Devon Notes") and (2) cash, and solicitations of consents by Coterra from Eligible Holders (each, a "Consent Solicitation" and, collectively, the "Consent Solicitations") to adopt certain prop
Collective Bids Top $4 Billion as Permian Basin Demand Reaches Historic Peak The United States Bureau of Land Management (BLM) New Mexico State Office today concluded its May 20, 2026 federal oil and gas competitive lease sale, which set new records for per-acre high bids and generated total competitive bids of approximately $4.008 billion — an unprecedented result reflecting surging operator confidence in the Delaware Basin and broader New Mexico Permian play. The sale drew participation from major public companies, well-capitalized private operators, and emerging independents. Industry observers noted that bidding intensity exceeded even the most bullish pre-sale forecasts, with sever
HOUSTON, May 22, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE:DVN) ("Devon") and Coterra Energy Inc. (NYSE:CTRA) ("Coterra") today announced that, in connection with the completed merger of Coterra, with Coterra surviving as a direct, wholly owned subsidiary of Devon, Devon has commenced offers to Eligible Holders (as defined herein) to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by Coterra as set forth in the table below (the "Existing Coterra Notes") for (1) new notes issued by Devon (the "New Devon Notes") and (2) cash. The following table sets forth the Exchange Consideration and Total Exchange Considerat
Delaware Basin Lease Sale Underscores Strong Demand for US Shale Investment Efficient Markets is pleased to announce the results of yesterday's Bureau of Land Management's (BLM) online federal oil and gas lease sale in New Mexico and Texas for 74 parcels covering 33,529 acres. Multiple all-time high records were achieved, including the substantial aggregate high bids of $4,007,609,288, as well as the highest per-acre bid record at $357,129. Bidding activity remained highly competitive throughout the sale, with 100 percent of parcels receiving multiple bids. A total of 61 unique, financially vetted bidders placed a combined 1,072 bids, with the highest per-parcel bid reaching $405,761,28
HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE:DVN) announced the successful acquisition of 16,300 net undeveloped acres in the core of the Delaware Basin in Lea and Eddy Counties, New Mexico, for approximately $2.6 billion, or approximately $161,500 per net acre, through the Bureau of Land Management ("BLM") Oil and Gas Lease Sale. This acquisition bolsters the premier Delaware Basin positions in the industry, extends inventory life, and is accretive to net asset value per share. KEY HIGHLIGHTS Acquisition adds approximately 400 net locations normalized to 2-mile laterals, with expected strong well economics and low breakevens supported by: High Net Revenue
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4 - DEVON ENERGY CORP/DE (0001090012) (Issuer)
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Evercore ISI upgraded Devon Energy from In-line to Outperform and set a new price target of $54.00
Analyst resumed coverage of Devon Energy with a rating of Overweight and set a new price target of $62.00
Evercore ISI initiated coverage of Devon Energy with a rating of In-line and set a new price target of $54.00
Jefferies upgraded Devon Energy from Hold to Buy and set a new price target of $62.00
Raymond James upgraded Devon Energy from Outperform to Strong Buy and set a new price target of $72.00
Truist initiated coverage of Devon Energy with a rating of Buy and set a new price target of $63.00
Barclays upgraded Devon Energy from Equal Weight to Overweight and set a new price target of $50.00
Scotiabank downgraded Devon Energy from Sector Outperform to Sector Perform and set a new price target of $41.00
Analyst upgraded Devon Energy from Neutral to Overweight and set a new price target of $44.00
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Live Leadership Updates
NEW YORK, April 30, 2026 /PRNewswire/ -- Veeva Systems Inc. (NYSE:VEEV) will replace Coterra Energy Inc. (NYSE:CTRA) in the S&P 500 effective prior to the opening of trading on Thursday, May 7. S&P 500 constituent Devon Energy Corp. (NYSE:DVN) is acquiring Coterra Energy in a deal expected to close soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date:Effective DateIndex Name ActionCompany NameTickerGICS SectorMay 7, 2026S&P 500AdditionVeeva SystemsVEEVHealth CareMay 7, 2026S&P 500DeletionCoterra EnergyCTRAEnergyABOUT S&P DOW JONES INDICESS&P Dow Jones Indices is the largest global resource
OKLAHOMA CITY, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that Brent J. Smolik has joined its Board of Directors effective Oct. 1. Mr. Smolik is the former president and chief operating officer of Noble Energy and president, CEO and chairman of the board of EP Energy Corporation. "We are pleased to welcome Brent Smolik to our Board of Directors," said Clay Gaspar, president and CEO. "His leadership and strategic insight will be instrumental as we continue to deliver value to our shareholders." "Brent's extensive experience, combined with his operational and technical expertise in the oil and gas industry, will be valuable as we guide the company into
HOUSTON, May 27, 2025 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the "Company" or "KYN") announced today the appointments of Holli C. Ladhani and Michael N. Mears as independent directors of the Company, effective immediately. Following the retirements of Anne K. Costin and Albert L. Richey earlier this year, the appointments of Ms. Ladhani and Mr. Mears return the Company's Board to eight members, seven of whom are independent. Holli C. Ladhani is an experienced executive and board director in the energy, chemicals, power, and infrastructure sectors. Ms. Ladhani most recently served as President, Chief Executive Officer, and a member of the board of directors of
OKLAHOMA CITY, June 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that the company's board of directors has appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon's board in 2014 following his retirement from Chevron's executive team. He currently chairs the board's reserves committee while also serving on the board's compensation committee. Bethancourt succeeds Barbara Baumann, who will remain on the board and join the compensation committee and governance, environmental, and public policy committee. Baumann was recently named chair of the independent board of trustees of the Putnam Mutual Funds, effecti
OKLAHOMA CITY, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that Michael Mears and Gennifer Kelly have joined its board of directors. Michael Mears is the former chairman, president and CEO of Magellan Midstream Partners. Gennifer Kelly previously held the role of chief operating officer and SVP of Western Midstream Partners. "I am excited about the opportunity to work closely with Michael and Gennifer," said Rick Muncrief, president and CEO. "Their industry insights and proven leadership will be invaluable for Devon as we continue to build long-term shareholder value." "Michael and Gennifer will bring a diverse range of perspectives and backgrounds to
OKLAHOMA CITY and TULSA, Okla., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the successful completion of their previously announced all-stock merger of equals, creating a leading energy producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin. The combined company will operate under the name Devon Energy and be headquartered in Oklahoma City. “This transformational merger enhances the scale of our operations, builds a dominant position in the Delaware Basin and accelerates our cash-return business model that prioritizes free cas
OKLAHOMA CITY, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2021. The dividend is payable on March 31, 2021, at a rate of $0.11 per share based on a record date of March 15, 2021. About Devon EnergyDevon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and included in the S&P 500, Devon operates in several of the most prolific oil and natural gas plays in the U.S. with an emphasis on achieving strong returns and capital-efficient cash-flow growth. For more informati
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Live finance-specific insights
OKLAHOMA CITY, July 01, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report second-quarter 2026 results on Tuesday, August 4, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2026 results will be available on the company’s website at www.devonenergy.com. On Wednesday, August 5, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the website following the call. ABOUT DEVON ENER
HOUSTON, June 09, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today provided an updated outlook for the combined company following the recent completion of its transformative merger with Coterra Energy. Supplemental guidance tables for the combined entity are included below and a presentation is available on the company's website at www.devonenergy.com. KEY HIGHLIGHTS Combined Production Outlook: Production is expected to average 1.380 million barrels of oil equivalent per day for 2026, including oil volumes of 500,000 barrels per day.Capital Investment Plan: Full year 2026 capital spending is expected to total approximately $4.9 billion, with more than 60% allocated to the Pe
HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE:DVN) announced the successful acquisition of 16,300 net undeveloped acres in the core of the Delaware Basin in Lea and Eddy Counties, New Mexico, for approximately $2.6 billion, or approximately $161,500 per net acre, through the Bureau of Land Management ("BLM") Oil and Gas Lease Sale. This acquisition bolsters the premier Delaware Basin positions in the industry, extends inventory life, and is accretive to net asset value per share. KEY HIGHLIGHTS Acquisition adds approximately 400 net locations normalized to 2-mile laterals, with expected strong well economics and low breakevens supported by: High Net Revenue
HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation ("Devon") (NYSE:DVN) today announced a series of capital return actions following the successful completion of its previously announced all-stock merger with Coterra Energy Inc. ("Coterra") earlier today. The actions reflect the board's confidence in the combined company's free cash flow generation and its commitment to delivering differentiated returns to shareholders through commodity cycles. "Today's actions demonstrate our unwavering commitment to returning meaningful capital to shareholders and maintaining a disciplined, investment-grade balance sheet," said Clay Gaspar, Devon's President and Chief Executive Officer.
OKLAHOMA CITY and HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation ("Devon") (NYSE:DVN) and Coterra Energy Inc. ("Coterra") (NYSE:CTRA) today announced the successful completion of their previously announced all-stock merger (the "Transaction"), creating a premier large-cap shale operator with a high-quality asset base anchored by a leading position in the economic core of the Delaware Basin. The Transaction was approved by stockholders of both companies at special meetings held on May 4, 2026. The combined company will operate under the name Devon Energy and will continue to trade on the New York Stock Exchange under the ticker symbol "DVN." The combined company will be
OKLAHOMA CITY, May 05, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today reported financial and operational results for the first-quarter 2026. The company also provided a second-quarter 2026 outlook. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's first-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, May 6, 2026, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in t
OKLAHOMA CITY and HOUSTON, May 04, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation ("Devon") (NYSE:DVN) and Coterra Energy Inc. ("Coterra") (NYSE:CTRA) today announced that shareholders of both companies approved all proposals required to complete the previously announced all-stock merger between Devon and Coterra. The merger is expected to close on or around May 7, 2026. At the special meeting of Devon shareholders held today, more than 76 percent of the shares of Devon common stock were represented, and more than 98 percent of the votes cast were in favor of the transaction. At the special meeting of Coterra shareholders held today, more than 82 percent of the shares of Coterra common
OKLAHOMA CITY, April 08, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report first-quarter 2026 results on Tuesday, May 5, after the close of U.S. financial markets. The earnings release and presentation for the first-quarter 2026 results will be available on the company's website at www.devonenergy.com. On Wednesday, May 6, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon's website at www.devonenergy.com. A replay will be available on the website following the call. ABOUT DEVON ENERGY Dev
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today reported fourth-quarter and full-year 2025 results, provided full-year 2026 guidance, and declared a quarterly dividend of $0.22 per share. Tom Jorden, Chairman, CEO and President of Coterra, noted, "Coterra's strong fourth-quarter and full-year 2025 results were driven by efficient capital allocation and strong execution, and are a testament to the quality of our assets and the dedication and professionalism of our employees. Prioritizing safety, financial strength, and shareholder value creation, Coterra is well positioned for a highly capital efficient 2026. We are excited about the announced merger with Devon Energy
OKLAHOMA CITY, Okla., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today reported financial and operational results for the fourth-quarter and full-year 2025. The company also declared its quarterly dividend and provided a 2026 outlook. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's fourth-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, Feb. 18, 2026, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devo