Devon Energy Corporation: Suitable for Purchase at Current Prices

Devon Energy Corporation (DVN) is a suitable purchase at current prices according to Argus, with a rating of "Suitable for purchase." The independent energy company engages in oil, natural gas, and NGLs exploration, development, and production in the US. The current price is $33.59, and the company is headquartered in Oklahoma. Analyst William V. Selesky covers the Basic Materials sector for Argus and has over 15 years of experience in the investment business.

Devon Energy Corporation (DVN), an independent energy company, is currently trading at $33.59 per share and is headquartered in Oklahoma City, Oklahoma. Argus, a financial research firm, has recently rated Devon Energy as "Suitable for purchase," reflecting a cautious but positive outlook on the company's stock [1]. The company engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States, operating in various basins such as Delaware, Eagle Ford, Anadarko, Williston, and Powder River.

Analyst William V. Selesky, who covers the Basic Materials sector for Argus, has over 15 years of experience in the investment business. His rating suggests that while Devon Energy may not be a top pick, it presents a reasonable opportunity for investors seeking exposure to the energy sector. The rating is based on the company's recent financial performance, including its earnings per share (EPS) and revenue growth.

In the first quarter of 2025, Devon Energy reported earnings per share (EPS) of $0.84, exceeding analysts' expectations and reflecting a 9.4% increase in revenue from the previous year. The company also announced a quarterly dividend of $0.24 per share, resulting in a dividend yield of 2.8% and a payout ratio of 21.52% [1]. This strong performance has led several institutional investors to modify their holdings in Devon Energy.

Brandywine Global Investment Management LLC, for instance, lowered its stake in Devon Energy by 5.1% during the first quarter, while Whittier Trust Co., Callan Family Office LLC, Hager Investment Management Services LLC, Private Advisor Group LLC, and Sierra Ocean LLC all increased their stakes in the company. Resona Asset Management Co. Ltd. also grew its holdings in Devon Energy by 4.6% during the same period [2].

The company's stock performance has been relatively stable, with a current ratio of 1.22, a quick ratio of 1.13, and a debt-to-equity ratio of 0.55. Devon Energy has a market capitalization of $21.39 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 1.92, and a beta of 1.07. The company's 50-day and 200-day moving averages are $33.25 and $33.16, respectively. Analysts predict that Devon Energy will post an average EPS of $4.85 for the current year [1].

Several analysts have recently issued price targets for Devon Energy. Piper Sandler, Siebert Williams Shank, Jefferies Financial Group, and The Goldman Sachs Group have all raised their price targets, with Raymond James Financial restating an "outperform" rating and setting a $45.00 price objective. Eleven analysts have rated the stock with a hold rating, while fifteen have issued a buy rating, resulting in a consensus rating of "Moderate Buy" and a consensus target price of $43.93 [1].

In conclusion, Devon Energy Corporation presents a suitable investment opportunity at current prices, according to Argus. The company's strong financial performance and positive analyst ratings suggest that it may be a reasonable choice for investors seeking exposure to the energy sector. However, investors should conduct their own research and consider their risk tolerance before making any investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-brandywine-global-investment-management-llc-decreases-stock-position-in-devon-energy-corporation-nysedvn-2025-08-16/
[2] https://www.marketbeat.com/instant-alerts/filing-resona-asset-management-co-ltd-acquires-8429-shares-of-devon-energy-corporation-nysedvn-2025-08-15/