Barclays raised target for Devon Energy stock to USD 60.00
Published on 10/13/2026 at 11:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Barclays raised its Devon Energy price target from USD 58.00 to USD 60.00 on October 9, 2026.
- Devon Energy agreed to sell Eagle Ford assets to Crescent Energy for USD 4.20 billion on October 8, 2026.
- Devon Energy stock was at EUR 43.90 at Lang & Schwarz on October 13, 2026 at 11:35 a.m. CEST.
- Third-quarter 2026 results are scheduled for November 5, 2026, followed by a conference call on November 6, 2026.
Devon Energy (ISIN US25179M1036) was trading at EUR 43.90 at Lang & Schwarz on October 13, 2026 at 11:35 a.m. CEST. On October 9, 2026, Barclays analyst Betty Jiang raised the target for Devon Energy stock from USD 58.00 to USD 60.00 while keeping an Overweight rating, according to Markets Insider.
Analyst target follows portfolio sale
The target increase followed Devon's October 8 agreement to sell its Eagle Ford assets to Crescent Energy for USD 4.20 billion in cash. Devon Energy said the assets cover 90,000 net acres and represent 4.00 percent of total production.
The company plans to use after-tax proceeds to accelerate share repurchases and reduce debt, while the transaction remains subject to regulatory approvals and customary closing conditions. Barclays described the divestiture as evidence of portfolio rationalization and said it cleared a 10.00 percent premium to its valuation, according to Markets Insider.
Three dated milestones shape the story
On August 5, 2026, Devon reported second-quarter revenue of USD 7.42 billion and net income of USD 1.91 billion, according to MarketBeat. On October 8, Devon announced the USD 4.20 billion Eagle Ford transaction, and on October 9, Barclays lifted its target from USD 58.00 to USD 60.00.
What dates matter next?
Devon is scheduled to publish third-quarter 2026 results on November 5, 2026, after the close of U.S. markets. The conference call is scheduled for November 6, 2026, at 11:00 a.m. ET, according to Yahoo Finance.
Price stays below the yearly high
Devon Energy's primary listing is on the NYSE, where the stock's reported 52-week range was USD 31.47 to USD 52.71 as of October 12, 2026. The same quote showed a market capitalization of USD 53.9 billion and volume of 5,373,375 shares, while the Lang & Schwarz euro quote stood at EUR 43.90 on October 13, 2026 at 11:35 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Devon Energy stock.
Devon Energy stock facts
- Company: Devon Energy Corporation
- ISIN: US25179M1036
- Ticker: DVN
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 13, 2026, 11:35 a.m. CEST): EUR 43.90
- Market capitalization: USD 53.9 billion (as of October 12, 2026)
- 52-week range: USD 31.47-52.71 (as of October 12, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
