Devon Energy stock: BMO cuts target to USD 65.00 from USD 67.00 for Devon Energy stock
Published on 10/20/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBMO target lowered
- BMO Capital lowered its Devon Energy target from USD 67.00 to USD 65.00 on October 19, 2026.
- Second-quarter revenue reached USD 7.42 billion, up 73.10 percent year over year.
- Devon Energy stock costs EUR 44.32 at Lang & Schwarz on October 20, 2026 at 5:00 p.m. CEST, 1.80 percent below the Tradegate close of October 16, 2026.
BMO Capital lowered its Devon Energy target from USD 67.00 to USD 65.00 on October 19, 2026, according to MarketScreener. Devon Energy was trading at EUR 44.32 at Lang & Schwarz on October 20, 2026 at 5:00 p.m. CEST, down 1.80 percent versus the Tradegate close of October 16, 2026 at EUR 45.13.
Second-quarter revenue reached USD 7.42 billion
Devon Energy's second-quarter revenue was USD 7.42 billion, up 73.10 percent from USD 4.28 billion in the same quarter a year earlier. Net income reached USD 1.91 billion, compared with USD 899.00 million a year earlier, while diluted earnings per share rose to USD 2.03 from USD 1.41. The figures come from the company's second-quarter filing as summarized by GreekSoup.
Stock remains below USD 52.71 high
On the NYSE, Devon Energy last traded at USD 49.86 on October 20, 2026 at 11:02 a.m. EDT. Its same-day change was minus 2.08 percent, with 2,605,369 shares traded. The 52-week range was USD 31.47 to USD 52.71, placing the stock below its yearly high while its market capitalization stood at USD 54.8 billion.
Earnings date is November 5
Devon Energy will report third-quarter 2026 results on November 5, 2026, after the close of US financial markets, and will hold its conference call on November 6. The company announced the schedule on October 7 through Devon Energy. Its recent quarterly revenue growth gives the November report a clear numerical benchmark.
Comparison with peers
Devon Energy: down 1.80 percent versus the Tradegate close, P/E 11.83, market capitalization USD 54.8 billion.
Diamondback Energy (NYSE, USD): down 1.75 percent, P/E 38.96, market capitalization USD 55.9 billion.
Occidental Petroleum (NYSE, USD): down 1.27 percent, P/E 9.50, market capitalization USD 61.9 billion.
Euro quote and investor view
The analyst revision leaves Devon Energy's USD 65.00 target 30.36 percent above the USD 49.86 NYSE price. The November 5 report will test whether the second-quarter revenue step-up continues into the next period. The further course of trading is shown by the continuously updated real-time quote of Devon Energy stock.
Devon Energy at a glance
- Company: Devon Energy Corporation
- ISIN: US25179M1036
- Ticker: DVN
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 20, 2026, 5:00 p.m. CEST): EUR 44.32
- Change versus Tradegate close: minus 1.80 percent
- Tradegate close (October 16, 2026): EUR 45.13
- Market capitalization: USD 54.8 billion (as of October 20, 2026)
- 52-week range: USD 31.47-52.71 (as of October 20, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
