Devon Energy stock: Mizuho cuts target to USD 65.00
Published on 10/23/2026 at 16:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Mizuho cut its Devon Energy target from USD 68.00 to USD 65.00 on October 16, 2026.
- Devon Energy will report third-quarter 2026 results on November 5, 2026.
- Devon Energy stock costs EUR 45.30 at Lang & Schwarz on October 23, 2026 at 4:01 p.m. CEST.
- Second-quarter revenue reached USD 7.42 billion, up 73.10 percent year over year.
Devon Energy (US25179M1036) stock is priced at EUR 45.30 at Lang & Schwarz on October 23, 2026 at 4:01 p.m. CEST. On October 16, 2026, Mizuho lowered its target from USD 68.00 to USD 65.00 while keeping an outperform rating, as MarketBeat reported. The target stands 28.66 percent above the USD 50.53 primary-exchange price.
Results date is November 5
Devon Energy will publish its third-quarter 2026 results after the close of U.S. financial markets on November 5, 2026. The company will hold its earnings call on November 6 at 11:00 a.m. EDT, according to its Devon Energy release dated October 7, 2026.
What does the target imply?
In the second quarter of 2026, revenue reached USD 7.42 billion, compared with USD 6.01 billion expected by analysts, while adjusted earnings per share came to USD 1.57 versus USD 1.40 expected. Those figures represented a 73.10 percent year-over-year revenue increase and a USD 0.17 earnings-per-share beat, according to MarketBeat.
Stock stays below its yearly high
The primary exchange is the NYSE, where Devon Energy was trading at USD 50.53 on October 23, 2026 at 10:05 a.m. ET. Its 52-week range was USD 31.65 to USD 52.71, placing the stock 4.13 percent below the high. Trading volume stood at 2,237,955 shares, against an average of 10,744,151 shares.
Valuation and shareholder dates
Market capitalization stood at USD 55.6 billion on October 23, 2026, while the price-to-earnings ratio was 11.70 on the latest quoted market overview. Devon Energy's second-quarter call also highlighted USD 1.7 billion in adjusted free cash flow and a quarterly dividend of USD 0.32 per share, as Fortune reported on August 5, 2026.
Investor view
The immediate test is the November reporting date. Mizuho's USD 65.00 target and the recent revenue comparison give investors two measurable benchmarks, while the 52-week position leaves the stock below its recent peak.
Price and next date
Devon Energy stock was trading at EUR 45.30 at Lang & Schwarz on October 23, 2026 at 4:01 p.m. CEST. The next scheduled company event is the third-quarter results release on November 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Devon Energy stock.
Devon Energy stock at a glance
- Company: Devon Energy Corporation
- ISIN: US25179M1036
- Ticker: DVN
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 23, 2026, 4:01 p.m. CEST): EUR 45.30
- Market capitalization: USD 55.6 billion (as of October 23, 2026)
- 52-week range: USD 31.65-52.71 (as of October 23, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
Market context: Market report S&P 500.
