Evercore ISI Group maintains Invesco's In-Line rating with a new PT of $26.

Evercore ISI Group maintains Invesco's In-Line rating with a new PT of $26.

Evercore ISI has raised its price target for Devon Energy (NYSE: DVN) to $37, maintaining an "in-line" rating on the stock. The brokerage firm's latest research report, issued on October 6, 2025, indicates a potential upside of 7.05% from the stock's previous close. The new price target reflects Devon Energy's strong quarterly earnings and revenue growth Evercore ISI Raises Devon Energy (NYSE:DVN) Price Target to $37.00^[2].

The company reported a quarterly earnings per share (EPS) of $0.84, surpassing analysts' estimates by $0.01. Revenue for the quarter increased by 9.4% year-over-year, reaching $4.28 billion. Devon Energy's net margin was 16.57%, and its return on equity stood at 18.59%. Analysts predict that Devon Energy will post 4.85 EPS for the current fiscal year Evercore ISI Raises Devon Energy (NYSE:DVN) Price Target to $37.00^[2].

Several other research firms have also commented on Devon Energy. Siebert Williams Shank increased their price target on shares of Devon Energy from $47.00 to $52.00 and gave the company a "buy" rating. Raymond James Financial reiterated an "outperform" rating and set a $45.00 target price. Weiss Ratings reissued a "hold (c-)" rating. Tudor, Pickering, Holt & Co. upped their price objective from $42.00 to $44.00. Finally, JPMorgan Chase & Co. lifted their price objective from $40.00 to $42.00 and gave the stock a "neutral" rating Evercore ISI Raises Devon Energy (NYSE:DVN) Price Target to $37.00^[2].

Institutional investors have shown interest in Devon Energy. Invesco Ltd. grew its position in Devon Energy by 1.7% during the first quarter, owning 27,938,545 shares valued at $1,008,861,000. Boston Partners boosted its position by 37.2%, owning 13,062,423 shares valued at $471,756,000. Northern Trust Corp grew its stake by 0.3%, owning 8,598,814 shares valued at $310,503,000. Federated Hermes Inc. lifted its stake by 1.4%, owning 7,998,199 shares valued at $288,815,000. Alliancebernstein L.P. increased its stake by 3.9%, owning 7,881,695 shares worth $284,608,000 Evercore ISI Raises Devon Energy (NYSE:DVN) Price Target to $37.00^[2].

Devon Energy stock opened at $34.56 on Monday, with a fifty-two week low of $25.89 and a fifty-two week high of $43.29. The company has a market capitalization of $21.94 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 2.00, and a beta of 1.03. The stock's fifty-day moving average is $34.44, and its two-hundred day moving average is $33.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13, and a current ratio of 1.22 Evercore ISI Raises Devon Energy (NYSE:DVN) Price Target to $37.00^[2].