Evercore ISI Reaffirms Their Buy Rating on Devon Energy (DVN)

Evercore ISI analyst Chris Baker maintained a Buy rating on Devon Energy today and set a price target of $54.00.

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Baker covers the Energy sector, focusing on stocks such as Devon Energy, Gulfport Energy, and APA. According to TipRanks, Baker has an average return of 46.1% and a 76.67% success rate on recommended stocks.

In a report released today, Barclays also maintained a Buy rating on the stock with a $62.00 price target.

Based on Devon Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.81 billion and a net profit of $120 million. In comparison, last year the company earned a revenue of $4.45 billion and had a net profit of $494 million

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DVN in relation to earlier this year. Most recently, in June 2026, Alexander Andrea, the SVP & CHIEF ADMIN OFFICER of DVN sold 18,000.00 shares for a total of $841,320.00.