Mizuho cuts target for Devon Energy stock from USD 68.00 to USD 65.00

Published on 10/19/2026 at 10:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Devon Energy agreed to sell Eagle Ford assets for USD 4.20 billion on October 8, 2026. Devon Energy stock costs EUR 44.76 on October 19, 2026.

Investor reference points

Mizuho reduced 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 traded at EUR 44.76 at 10:08 a.m. CEST at Lang & Schwarz on October 19, 2026.

Makro-Aufnahme von schwarzem Rohöl auf einem verrosteten Metallrohr — Devon Energy US25179M1036 Makro-Aufnahme von schwarzem Rohöl das über ein verrostetes Stahlleitungsrohr fließt, Illustration mit AI erstellt.

Mizuho cut its price target for Devon Energy from USD 68.00 to USD 65.00 in a research note dated October 16, 2026, according to Transcript Daily. The analyst house kept an outperform rating, putting the latest target decision against Devon's portfolio reshaping and upcoming results.

Target cut meets portfolio reset

The target reduction was the latest dated analyst action cited for Devon Energy. The same report listed UBS raising its target from USD 63.00 to USD 65.00 on October 7, 2026, while Wells Fargo cut its target from USD 65.00 to USD 64.00 on September 28, 2026.

Devon's most important corporate catalyst remains its planned Eagle Ford divestment. The company announced on October 8, 2026, that it had agreed to sell the assets to Crescent Energy for USD 4.20 billion in cash, a transaction described by Devon Energy as a portfolio high-grading move that should improve financial flexibility.

Three dated Devon milestones

On August 4, 2026, Devon reported second-quarter revenue of USD 7.42 billion and adjusted earnings per share of USD 1.57, versus a USD 1.40 consensus estimate, according to Transcript Daily. On October 7, 2026, Devon scheduled its third-quarter results for November 5. On October 8, 2026, the company announced the USD 4.20 billion Eagle Ford sale.

Which dates come next?

The next reporting date is November 5, 2026, after the close of US financial markets, according to Devon Energy. The related conference call is scheduled for November 6, 2026, at 11:00 a.m. ET, according to the company's events page.

What does the target cut mean?

The USD 3.00 reduction leaves Mizuho's target above the latest US market quote, but the divergent analyst actions show that valuation and portfolio execution are being weighed together. Devon's second-quarter revenue of USD 7.42 billion was 73.10 percent above the comparable prior-year figure cited by Transcript Daily.

Euro quote and US market context

Devon Energy stock was trading at EUR 44.76 at Lang & Schwarz on October 19, 2026 at 10:08 a.m. CEST. On the NYSE, it last stood at USD 50.73 on October 16, 2026 at 4:00 p.m. ET.

The further course of trading is shown by the continuously updated real-time quote of Devon Energy stock.