Devon Energy stock reports 73.1 percent revenue growth
Published on 10/06/2026 at 17:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Devon Energy stock was trading at USD 47.84 on the NYSE on October 6, 2026 at 11:36 a.m. ET, down 0.28 percent from the prior close. The current market picture follows second-quarter adjusted EPS of USD 1.57 and revenue of USD 7.42 billion, reported for the quarter ended June 30, 2026.
Revenue rises 73.1 percent
According to MarketBeat on October 1, 2026, Devon Energy delivered quarterly EPS of USD 1.57 against a USD 1.40 consensus estimate, a beat of USD 0.17. Revenue reached USD 7.42 billion versus USD 6.01 billion expected, and increased 73.1 percent from the comparable quarter.
The result gives the enlarged oil and gas producer a stronger earnings base after its Coterra combination. The company operates U.S. onshore oil, natural gas and natural gas liquids assets, including the Delaware Basin, according to the company profile carried by MarketBeat.
JPMorgan raises target to USD 65
JPMorgan raised its Devon Energy price target from USD 60 to USD 65 and retained an Overweight rating on October 2, 2026, as Markets Insider reported. The firm cited higher strip pricing and expected another solid operating quarter.
At the October 6 price, JPMorgan's USD 65 target lies 35.9 percent above the stock. BMO Capital also reiterated an Outperform rating with a USD 67 target on October 6, according to Investing.com, which highlighted portfolio review progress and merger synergies as key monitoring points.
Analysts see room above USD 47.84
MarketBeat reported a Moderate Buy consensus from 30 analysts on October 1, 2026, with 23 Buy ratings, two Strong Buy ratings and five Hold ratings. The average 12-month target stood at USD 59.72, placing it 24.8 percent above the October 6 price.
Devon Energy's 52-week range is USD 31.47 to USD 52.71, putting the current quote 9.2 percent below the yearly high. The company has a market capitalization of USD 52.6 billion and traded 1,679,118 shares at the October 6, 2026 timestamp.
Stock remains below its yearly high
Devon Energy stock was last at USD 47.84 on the NYSE on October 6, 2026 at 11:36 a.m. ET. The next reported earnings date is November 4, 2026, as listed by ToAlpha.
Devon Energy stock facts
- Company: Devon Energy Corporation
- ISIN: US25179M1036
- Ticker: DVN
- Trading venue: NYSE
- Price (as of October 6, 2026, 11:36 a.m. ET): USD 47.84
- Market capitalization: USD 52.6 billion (as of October 6, 2026)
- 52-week range: USD 31.47-52.71 (as of October 6, 2026)
- Sector / Industry: Energy / Oil and gas exploration and production
Upcoming dates for Devon Energy stock
- November 4, 2026: Third-quarter earnings report
