UBS has upgraded Devon Energy Corp (DVN) to a Buy rating from Neutral, reflecting a more optimistic outlook on the company's future prospects. This upgrade, dated December 11, 2025, comes as Devon Energy continues to engage in the exploration, development, and production of oil and natural gas properties, primarily in the Delaware Basin, Rockies, Eagle Ford, and Anadarko Basin.
As of now, Devon Energy's stock is priced at $36.40, with a market capitalization of $22.4 billion. The company has a trailing twelve-month price-to-earnings (P/E) ratio of 8.22 and an impressive earnings per share (EPS) of 4.25. Additionally, Devon offers a notable dividend yield of 267.2%.
The upgrade underscores improved fundamentals or better-than-expected business performance, signaling increased confidence in the company’s strategic direction. Analyst ratings provide valuable insights based on extensive research and financial modeling, though they are not guarantees of future performance. Investors are encouraged to consider various factors, including company fundamentals, competitive positioning, and industry trends, when making investment decisions.
Looking ahead, Devon Energy is set to report its next earnings on August 3, 2026, with an estimated EPS of $0.93 and revenue expectations of $4.1 billion. This follows a recent strong performance in Q3 2025, where the company reported an EPS of $1.04, surpassing estimates by 11.2%. Analyst consensus remains positive, with 9 Strong Buy, 16 Buy, and 11 Hold ratings as of December 1, 2025.