Barclays keeps USD 60.00 target for Devon Energy stock
Published on 10/13/2026 at 16:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Barclays maintained a USD 60.00 target for Devon Energy on October 9, 2026.
- Devon Energy will report third-quarter results on November 5, 2026.
- Devon Energy stock costs EUR 44.36 at Lang & Schwarz on October 13, 2026 at 4:41 p.m. CEST, up 1.23 percent versus the Tradegate close of October 12, 2026.
- Devon Energy trades at a P/E ratio of 11.82 and has a USD 54.7 billion market capitalization.
Barclays maintained a Buy rating and a USD 60.00 price target for Devon Energy stock on October 9, 2026, according to Gekko. Against the USD 49.77 NYSE quote at 10:53 a.m. EDT on October 13, 2026, that target stands 20.56 percent higher. Devon Energy was trading at EUR 44.36 at Lang & Schwarz on October 13, 2026 at 4:41 p.m. CEST, up 1.23 percent versus the Tradegate close of EUR 43.82 on October 12, 2026.
Results arrive November 5
Devon Energy will report third-quarter 2026 results on November 5, 2026, after the close of US financial markets, with its conference call scheduled for November 6. GlobeNewswire published the company announcement on October 7, 2026.
Price remains below the yearly high
The current euro quote is EUR 8.35 below the USD 52.71 52-week high only as a separate currency comparison is not valid, so the home-market range remains a distinct reference: USD 31.47 to USD 52.71 as of October 13, 2026. The NYSE quote of USD 49.77 is 5.57 percent below that high, while the euro quote remains within the German trading range reported by Tradegate.
Quarterly scale meets valuation
Devon Energy reported USD 7.42 billion of revenue and USD 1.91 billion of net income for the second quarter of 2026, compared with USD 4.28 billion and USD 899.0 million a year earlier. Revenue increased 73.10 percent and net income increased 112.57 percent on that basis, according to EarningsStory. The same report identified a USD 530.0 million hedge valuation gain, making earnings quality an important issue for the next update.
Comparison with peers
Devon Energy: plus 1.23 percent, P/E 11.82, market capitalization USD 54.7 billion
EOG Resources (USD): plus 1.23 percent, P/E 11.85, market capitalization USD 81.2 billion
Occidental Petroleum (USD): minus 0.25 percent, P/E 9.37, market capitalization USD 60.7 billion
Analyst target sets the market frame
Barclays' USD 60.00 target gives the stock a measurable valuation reference, while the November reporting date supplies the next scheduled company event. The combination of a 20.56 percent target distance and a 1.23 percent euro move leaves the next earnings release as the clearest date for testing whether merger-related scale is translating into recurring performance.
The further course of trading is shown by the continuously updated real-time quote of Devon Energy stock.
Devon Energy stock facts
- Company: Devon Energy Corporation
- ISIN: US25179M1036
- Ticker: DVN
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 13, 2026 at 4:41 p.m. CEST: EUR 44.36
- Change versus Tradegate close: plus 1.23 percent
- Tradegate close October 12, 2026: EUR 43.82
- Market capitalization: USD 54.7 billion as of October 13, 2026
- 52-week range: USD 31.47-USD 52.71 as of October 13, 2026
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
