Devon Energy (DVN, Financial) has experienced a surge in options trading, signaling a bullish sentiment among investors. Recently, over 14,819 call options were traded, surpassing the expected volume by 20%. This heightened activity has led to a rise in implied volatility, now standing at 55.50%, which is over 2 points higher than before.
The most active options are the October 2025 $30 calls and the January 2026 $27.50 calls, with combined trading volume approaching 4,400 contracts. This increased interest in call options has resulted in a Put/Call Ratio of 0.57, indicating a preference for calls over puts.
Investors are likely positioning themselves ahead of Devon Energy's upcoming earnings report, which is anticipated on May 6th. This influx of activity suggests a positive outlook for the company as the market awaits further financial disclosure.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 29 analysts, the average target price for Devon Energy Corp (DVN, Financial) is $45.74 with a high estimate of $66.00 and a low estimate of $32.00. The average target implies an upside of 56.12% from the current price of $29.30. More detailed estimate data can be found on the Devon Energy Corp (DVN) Forecast page.
Based on the consensus recommendation from 31 brokerage firms, Devon Energy Corp's (DVN, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Devon Energy Corp (DVN, Financial) in one year is $49.84, suggesting a upside of 70.1% from the current price of $29.3. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Devon Energy Corp (DVN) Summary page.
