**Seaport Global Initiates Coverage of Devon Energy with a “Buy” Recommendation**
On September 3, 2026, Seaport Global officially began coverage of Devon Energy (NYSE:DVN), issuing a “Buy” recommendation. Devon, a U.S.-based oil and natural gas exploration firm, saw its stock close at $48.80 on the same day, slightly down from $49.03 on September 2. This reflects a 3.57% increase over the previous week and a 9.49% rise over the past month.
As of August 28, 2026, analysts had a consensus target price for Devon Energy at $59.73, signifying a 22.40% potential increase from current levels. The aggregate analyst sentiment included 33 recommendations, with 87.9% positive ratings: 11 strong buy, 18 buy, 3 hold, and 1 sell. Prior recommendations showed a stable outlook, maintaining high confidence among analysts. Devon’s Q2 2026 results, reported on August 4, indicated earnings per share of $1.57, surpassing estimates, with revenues reaching $7.4 billion.
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