Devon Energy (DVN) Price Target Lowered to $42, 'Outperform' Rating Maintained

The share price of Devon Energy Corporation (NYSE:DVN) fell by 5.9% between December 31, 2025, and January 7, 2026, putting it among the Energy Stocks that Lost the Most This Week.

Devon Energy Corporation (NYSE:DVN) is a leading independent energy company engaged in finding and producing oil and natural gas, with operations focused onshore in the United States.

On January 5, Bernstein trimmed its price target on Devon Energy Corporation (NYSE:DVN) from $48 to $42, but maintained its ‘Outperform’ rating on the shares. The analyst firm has started 2026 with a balanced view for crude oil, expecting rough times in the near term but more strength later.

Devon Energy Corporation (NYSE:DVN) has also come under pressure from the recent decline in global crude oil prices, with WTI futures currently hovering only slightly above the 4-year low they reached last month. The downturn comes as traders assess the recent U.S. actions regarding Venezuela and the potential impact of Venezuelan crude entering an already oversupplied market.

Devon Energy Corporation (NYSE:DVN) was recently included among the 10 Best Natural Gas Stocks to Buy Right Now.

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READ NEXT: 10 Best Natural Gas Stocks to Buy Right Now and 11 Best Performing Energy Stocks in 2025.

Disclosure: None.