Mizuho cuts Devon Energy stock target to USD 65 from USD 68
Published on 10/26/2026 at 11:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and asset sale
- Mizuho lowered its Devon Energy target from USD 68.00 to USD 65.00 on October 16, 2026.
- Devon Energy agreed to sell Eagle Ford assets for USD 4.20 billion on October 8, 2026.
- Devon Energy stock trades at EUR 45.40 at 11:29 a.m. CEST at Lang & Schwarz on October 26, 2026.
Devon Energy (ISIN US25179M1036) saw Mizuho cut its price target from USD 68.00 to USD 65.00 on October 16, 2026, according to Markets Insider. The change was part of a third-quarter earnings preview, while the company is reshaping its portfolio through the Eagle Ford sale.
Why Mizuho cut its target
Mizuho kept an Outperform rating while reducing the target by USD 3.00, a 4.41 percent cut from the previous USD 68.00 level. The adjustment gives investors a concrete counterpoint to the broader analyst picture: MarketBeat reported an average one-year price objective of USD 60.72 from 30 analysts on October 26, 2026.
What the Eagle Ford sale changes
Devon announced on October 8, 2026, that it agreed to sell its Eagle Ford assets to Crescent Energy for USD 4.20 billion in cash. The company said the package covers 90,000 net acres and represents 4.00 percent of total production, with proceeds intended for share repurchases and debt reduction, according to Devon Energy.
Three dated Devon milestones
On August 4, 2026, Devon reported second-quarter revenue of USD 7.42 billion, up 73.10 percent year over year, according to MarketBeat. On October 7, 2026, Devon scheduled its third-quarter results for November 5, 2026. On October 8, 2026, it announced the USD 4.20 billion Eagle Ford transaction.
Next dates for Devon investors
Devon will publish third-quarter 2026 results after the close of U.S. financial markets on November 5, 2026, followed by a conference call on November 6, 2026, according to Devon Energy. The results should clarify how management incorporates the asset sale into production, capital allocation and balance-sheet plans.
Stock price and company scale
Devon Energy stock was trading at EUR 45.40 at Lang & Schwarz on October 26, 2026 at 11:29 a.m. CEST. The primary listing is on the NYSE, where the stock closed at USD 51.39 on October 23, 2026; the company reported a market capitalization of USD 56.5 billion and a 52-week range of USD 31.65 to USD 52.71 on that date.
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 26, 2026, 11:29 a.m. CEST): EUR 45.40
- Market capitalization: USD 56.5 billion (as of October 23, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
