Devon Energy (DVN) News Today

Devon Energy Corporation (DVN) is trading lower today after mixed analyst activity: several firms raised earnings forecasts (supportive) while a few major brokers trimmed price targets or issued cautious notes (pressure). The net effect is muted — upside remains from broker targets around $37–$42, but some cuts and a pessimistic Morgan Stanley note are weighing on sentiment. Key near‑term drivers: updated analyst earnings/price‑target changes and broader oil price moves.

• Positive Sentiment: Capital One raised multiple EPS forecasts for Q3, Q4 and FY2025–2027 (improved earnings outlook), signaling stronger near‑term profitability expectations. Q3 EPS Estimates for Devon Energy Raised by Analyst
• Positive Sentiment: Roth Capital reiterated a Buy and maintained a $42 target while publishing upbeat quarterly and FY estimates — supports upside versus the current price if energy fundamentals hold. Q3 Earnings Forecast for Devon Energy Issued By Roth Capital
• Positive Sentiment: Consensus analyst view remains constructive: MarketBeat shows a "Moderate Buy" from covering brokers, indicating broad analyst support despite some recent target trims. Devon Energy Receives Consensus Recommendation of "Moderate Buy"
• Neutral Sentiment: Goldman Sachs trimmed its price target slightly to $40 (from $41) but kept a Buy rating — a modest downgrade to upside but still implies ~mid‑20% upside from current levels. Goldman Sachs Trims Devon Energy Price Target to $40
• Neutral Sentiment: Wells Fargo cut its target to $37 (from $43) but kept an Overweight rating — reduces the magnitude of bullish price targets but does not convert to a sell view. Wells Fargo Lowers Price Target
• Negative Sentiment: Morgan Stanley issued a pessimistic forecast for DVN's stock price, introducing downside risk if their macro/energy assumptions play out. Morgan Stanley Issues Pessimistic Forecast for Devon Energy
• Negative Sentiment: Market coverage and headlines note the stock has recently underperformed the broader market, reflecting near‑term selling pressure. Here's Why Devon Energy Fell More Than Broader Market

Investor takeaway: the earnings‑estimate upgrades are the biggest near‑term positive catalyst; offsetting that are trimmed price targets and at least one bearish institutional note. Watch upcoming production/earnings reports and oil price moves — further analyst revisions could swing sentiment quickly.