JP Morgan has upgraded Devon Energy Corp (DVN) from Neutral to Overweight as of December 7, 2025. This adjustment reflects a more optimistic outlook on the company's prospects, which may suggest improved fundamentals or a stronger business performance.
Devon Energy Corp, headquartered in Oklahoma City, Oklahoma, engages in the exploration, development, and production of oil and natural gas properties. The company operates primarily in the Delaware Basin, Rockies, Eagle Ford, and Anadarko Basin, employing approximately 2,300 full-time staff. As of November 25, 2025, Devon boasts a market capitalisation of $22.4 billion, a trailing twelve-month price-to-earnings ratio of 8.22, and an earnings per share figure of 4.25. The company also offers a notable dividend yield of 267.2%.
Upcoming earnings reports are scheduled for August 3, 2026, with an estimated EPS of $0.93 and revenue of $4.1 billion, and May 4, 2026, with an estimated EPS of $0.99 and revenue of $4.2 billion.
The analyst consensus currently stands at 36 ratings, with 9 Strong Buy, 16 Buy, and 11 Hold ratings, indicating a general preference for the stock. Recent analyst actions also include Piper Sandler maintaining its Overweight rating and Susquehanna reaffirming its Positive outlook.
Analyst ratings serve as professional insights based on extensive research and financial models, but they should not be the sole basis for investment decisions. It is advisable to consider a range of factors, including company fundamentals and industry trends, before making investment choices. Analyst views can evolve as new information emerges, and differing opinions may exist among analysts regarding the same company.