Devon Energy shares seen rising 40% as analyst sets $67 price target amid asset sale pressures.

An analyst from BMO Capital set a $67 price target for Devon Energy, suggesting a 40% upside from its current share price of around $48. The oil and gas producer has consistently beaten earnings estimates recently, showing strong financial health. However, the company faces strategic challenges after a failed $4.5 billion asset sale to BP and pressure from a major shareholder to sell more assets or consider a full business sale. Investors are watching how Devon Energy will respond to these pressures amid a complex portfolio following its merger with Coterra Energy.

As of Oct 07, 2026 00:13 WIB, Devon Energy (DVN) trades at USD 48.06 on Pluang with a slight 1-day increase of 0.17%. The stock shows moderate investor activity with 68% of orders to sell and 32% to buy, reflecting some caution despite the analyst's $67 target. Devon Energy's market capitalization stands at $52.78 billion, highlighting its significant presence in the energy sector.