Morgan Stanley lifts target for Devon Energy stock to USD 65.00

Published on 10/16/2026 at 16:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley set a USD 65.00 target on October 15, 2026. Devon Energy stock costs EUR 44.09 on October 16, 2026 at 4:03 p.m. CEST.

Target and trading date

On October 15, 2026, Morgan Stanley raised its Devon Energy target from USD 63.00 to USD 65.00.
Second-quarter revenue reached USD 7.42 billion, up 73.10 percent year over year.
Devon Energy stock costs EUR 44.09 at Lang & Schwarz on October 16, 2026 at 4:03 p.m. CEST.
Devon Energy will report third-quarter results on November 5, 2026.

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Morgan Stanley raised its Devon Energy price target from USD 63.00 to USD 65.00 on October 15, 2026, while keeping an Overweight rating. The target stands 30.63 percent above the USD 49.76 NYSE price cited for October 16, 2026. At Lang & Schwarz, Devon Energy stock was trading at EUR 44.09 on October 16, 2026 at 4:03 p.m. CEST.

Revenue sets the operating baseline

Devon Energy's latest reported quarter provides the fundamental counterweight to the target revision. In the second quarter ended June 30, 2026, revenue reached USD 7.42 billion, up 73.10 percent from the year-ago quarter, while quarterly earnings per share came to USD 1.57, according to MarketBeat.

Range leaves room for movement

The NYSE price of USD 49.76 sat between Devon Energy's USD 31.47 52-week low and USD 52.71 high as of October 16, 2026. That places the stock 5.59 percent below its high. Trading volume was 973,394 shares against an average of 10,794,039 shares in the finance quote, so the intraday snapshot was lighter than the recent average.

Valuation and next reporting date

Devon Energy carried a market capitalization of USD 54.7 billion and a price-to-earnings ratio of 11.82 as of October 16, 2026. The company has scheduled its third-quarter 2026 results for November 5, 2026, after the close of US financial markets, according to Devon Energy. The conference call is scheduled for November 6, 2026.

On October 8, 2026, Devon Energy announced an agreement to sell its Eagle Ford assets, with closing expected around year-end subject to approvals, according to Devon Energy.

Comparison with peers

Devon Energy (NYSE, USD): P/E 11.82, market capitalization USD 54.7 billion

EOG Resources (NYSE, USD): plus 1.94 percent, P/E 11.99, market capitalization USD 81.1 billion

Occidental Petroleum (NYSE, USD): plus 0.88 percent, P/E 9.39, market capitalization USD 61.2 billion

Price and reporting calendar

The analyst target, the June quarter's revenue growth and the November reporting date give investors three separate reference points for the stock. The target revision is the freshest valuation signal, while the scheduled results will provide the next company-specific test of production, cash flow and capital allocation.

Devon Energy stock was trading at EUR 44.09 at Lang & Schwarz on October 16, 2026 at 4:03 p.m. CEST.

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