J.P. Morgan Keeps Their Buy Rating on Devon Energy (DVN)

In a report released yesterday, Arun Jayaram from J.P. Morgan maintained a Buy rating on Devon Energy, with a price target of $60.00. The company’s shares closed yesterday at $43.11.

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Jayaram covers the Energy sector, focusing on stocks such as Baker Hughes Company, Devon Energy, and Exxon Mobil. According to TipRanks, Jayaram has an average return of 7.6% and a 57.29% success rate on recommended stocks.

Currently, the analyst consensus on Devon Energy is a Strong Buy with an average price target of $60.32, a 39.92% upside from current levels. In a report released yesterday, Truist Financial also reiterated a Buy rating on the stock with a $65.00 price target.

Based on Devon Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $7.42 billion and a net profit of $1.91 billion. In comparison, last year the company earned a revenue of $4.28 billion and had a net profit of $899 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.