BMO sets USD 67 target for Devon Energy stock

Published on 10/07/2026 at 15:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BMO kept Outperform on October 6, 2026. Devon Energy stock costs EUR 43.32 on October 7, 2026 after EUR 42.68, plus 1.50 percent.

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Devon Energy (ISIN US25179M1036) was trading at EUR 43.32 at Lang & Schwarz on October 7, 2026 at 3:07 p.m. CEST, up 1.50 percent versus the prior close of EUR 42.68. On October 6, 2026, BMO Capital set a USD 67.00 price target and reiterated its Outperform rating, according to Investing.com.

BMO target meets operating pressure

The target was 40.17 percent above the USD 47.80 share price cited when the analyst view was issued. That calculation uses the same-currency USD target and share price, rather than comparing the analyst view with the German-market EUR quote.

BMO expects strong third-quarter operating results, oil volumes in the upper half of guidance and progress on merger synergies, according to Investing.com. The same report says the firm is watching Devon Energy's portfolio review and preliminary 2027 guidance.

Second-quarter numbers set the bar

Devon Energy reported USD 7.41 billion in revenue for the second quarter of 2026, up 73.10 percent from the year-ago quarter, while GAAP earnings per share reached USD 2.03, up 44.00 percent from USD 1.41. Zacks reported that adjusted earnings per share were USD 1.57 versus a USD 1.30 consensus estimate, a 20.77 percent beat.

Operating cash flow was USD 3.67 billion in the second quarter of 2026, compared with USD 1.55 billion in the year-ago quarter. The company also raised its fixed quarterly dividend by 33.00 percent to USD 0.32 per share, according to Zacks.

Next report sets the test

Devon Energy is scheduled to announce third-quarter 2026 results on November 4, 2026, according to Yahoo Finance. The upcoming report will test whether the second-quarter revenue increase and merger-related operating scale can support BMO's USD 67.00 valuation view.

Devon Energy stock gains 1.50 percent

Devon Energy stock was trading at EUR 43.32 at Lang & Schwarz on October 7, 2026 at 3:07 p.m. CEST, plus 1.50 percent versus the Lang & Schwarz prior close of EUR 42.68 on October 6, 2026. On the NYSE, the stock was last quoted at USD 48.02 on October 6, 2026 at 4:00 p.m. EDT, with a 52-week range of USD 31.47 to USD 52.71 and market capitalization of USD 52.8 billion.
The further course of trading is shown by the continuously updated real-time quote of Devon Energy stock.