--- title: "Weekly Recap | Devon Energy +1.5%, consensus target above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/298097635.md" description: "Devon Energy rose 1.5% this week to close at $48.06, outperforming the S&P 500 by about 1.41 percentage points. The week shaped up as a rally that faded into Friday. Shares opened Monday at $48.46, reached a high of $49.285 on Tuesday, touched $49.46 intraday on Thursday, and then pulled back to settle at $48.06 on Friday. Weekly volume totalled about 51.4m shares, with average daily turnover slightly below the 60-day median. The low for the week was $47.45." datetime: "2026-09-05T06:48:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298097635.md) - [en](https://longbridge.com/en/news/298097635.md) - [zh-HK](https://longbridge.com/zh-HK/news/298097635.md) generator: "portal-rs" --- # Weekly Recap | Devon Energy +1.5%, consensus target above spot ## The Week Devon Energy rose 1.5% this week to close at $48.06, outperforming the S&P 500 by about 1.41 percentage points. The week shaped up as a rally that faded into Friday. Shares opened Monday at $48.46, reached a high of $49.285 on Tuesday, touched $49.46 intraday on Thursday, and then pulled back to settle at $48.06 on Friday. Weekly volume totalled about 51.4m shares, with average daily turnover slightly below the 60-day median. The low for the week was $47.45. ## Key Events Most of the company-specific news this week centred on institutional positioning and rating changes. On Monday, Apollo Management Holdings disclosed a purchase of 220,000 Devon shares, while media coverage grouped the stock with other energy names rated strong buy as crude prices firmed. Tuesday saw some intraday volatility, with attention on Devon’s relative performance against peers. Seaport Global initiated coverage with a buy rating on Thursday, and on Friday Seaport Research Partners upgraded Devon to strong buy. Over the same stretch, Wall Street Zen downgraded the stock to hold. Heading into the weekend, Morgan Stanley highlighted dividend stocks as September trading turned choppy. ## Analyst Ratings As of this week, 28 institutions cover the stock: 22 rate it buy, 3 rate it overweight and 3 rate it hold, with no underweight or sell ratings. The consensus rating is strong buy, with a consensus target of $59.81, about 24.46% above the latest price. Target prices range from $44 to $68, pointing to a wide spread of views. Within the oil and gas exploration and production industry, Devon ranks third out of 65 names covered by analysts. ## The Week Ahead Next week’s macro calendar offers several US data points to watch. On Tuesday, the NFIB small business optimism index is due. Thursday brings initial jobless claims, PPI readings, existing home sales, wholesale sales and EIA natural gas storage. The 10-year Treasury auction is also scheduled for Thursday, with the prior high yield at 4.683 and a bid-to-cover of 2.53. For the energy sector, natural gas storage and Treasury yields could feed into sentiment, and Devon’s relative performance will likely depend on how oil prices and rates evolve. ## In Short Devon’s week carried a mix of signals. The stock edged higher and beat the market, and analyst positioning skews favourable, with a strong-buy consensus and a target above spot by roughly 24%. At the same time, the target range is wide, and at least one shop moved to hold during the week. On the latest trading day, large-lot money was a net seller while small and medium orders tilted in the other direction. Valuation sits near 16.85x earnings and 1.32x book. What comes next hinges on how oil volatility and next week’s US data feed through to sector sentiment, and whether the dispersion in analyst views narrows. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [DVN.US](https://longbridge.com/en/quote/DVN.US.md) ## Related News & Research - [Devon Energy Corporation $DVN Shares Bought by Sapient Capital LLC](https://longbridge.com/en/news/298107469.md) - [Why Devon Energy stock rallied today](https://longbridge.com/en/news/289409569.md) - [The 60/40 Portfolio Is Facing a Fresh Test. These ETFs Can Diversify Oil and Rate Risk](https://longbridge.com/en/news/297698446.md) - [The world appears to be entering a higher-rate era. Here’s who will pay the price](https://longbridge.com/en/news/297860706.md) - [Legacy Wealth Managment LLC ID Has $715,000 Position in Viper Energy Inc. $VNOM](https://longbridge.com/en/news/298024849.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**