Devon Energy (DVN) Stock Forecast, Price Target & Predictions
DVN Stock Forecast
Devon Energy stock forecast is as follows: an average price target of $64.04 (represents a 62.33% upside from DVN’s last price of $39.45) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.
DVN Price Target
The average price target for Devon Energy (DVN) is $64.04 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $115.00 to $35.00. This represents a potential 62.33% upside from DVN's last price of $39.45.
DVN Analyst Ratings
According to 18 Wall Street analysts, Devon Energy's rating consensus is 'Buy'. The analyst rating breakdown for DVN stock is 1 'Strong Buy' (5.56%), 12 'Buy' (66.67%), 5 'Hold' (27.78%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Devon Energy Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 13, 2024 | Roger Read | Wells Fargo | $55.00 | $44.64 | 23.21% | 39.42% |
| Jul 12, 2024 | Paul Cheng | Scotiabank | $60.00 | $46.42 | 29.25% | 52.09% |
| Jun 17, 2024 | Bill Selesky | Argus Research | $71.00 | $45.61 | 55.67% | 79.97% |
| May 24, 2024 | Devin McDermott | Morgan Stanley | $52.00 | $48.42 | 7.38% | 31.81% |
| May 20, 2024 | Phillip Jungwirth | BMO Capital | $57.00 | $49.62 | 14.87% | 44.49% |
| May 14, 2024 | Mark Lear | Piper Sandler | $61.00 | $49.90 | 22.24% | 54.63% |
| May 09, 2024 | Scott Hanold | RBC Capital | $57.00 | $50.56 | 12.74% | 44.49% |
| Apr 19, 2024 | Mark Lear | Piper Sandler | $60.00 | $51.43 | 16.66% | 52.09% |
| Apr 11, 2024 | Paul Cheng | Scotiabank | $67.00 | $54.51 | 22.91% | 69.84% |
| Apr 10, 2024 | Josh Silverstein | UBS | $57.00 | $53.60 | 6.34% | 44.49% |
The latest Devon Energy stock forecast, released on Aug 13, 2024 by Roger Read from Wells Fargo, set a price target of $55.00, which represents a 23.21% increase from the stock price at the time of the forecast ($44.64), and a 39.42% increase from DVN last price ($39.45).
Devon Energy Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 12 |
| Avg Price Target | - | $62.00 | $60.08 |
| Last Closing Price | $39.45 | $39.45 | $39.45 |
| Upside/Downside | -100.00% | 57.16% | 52.29% |
In the current month, the average price target of Devon Energy stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Devon Energy's last price of $39.45. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 03, 2024 | Wells Fargo | Sector Perform | Sector Perform | Hold |
| Sep 03, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Aug 16, 2024 | Scotiabank | Sector Outperform | Sector Outperform | Hold |
| Aug 14, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Aug 14, 2024 | Susquehanna | Underperform | Underperform | Hold |
| Aug 13, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Aug 01, 2024 | Zacks Investment Research | Positive | Positive | Hold |
| Jul 17, 2024 | Wolfe Research | - | Peer Perform | Initialise |
| Jul 12, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Jul 09, 2024 | Truist Financial | Sector Perform | Sector Perform | Hold |
Devon Energy's last stock rating was published by Wells Fargo on Sep 03, 2024. The company gave DVN a "Sector Perform" rating, the same as its previous rate.
Devon Energy Financial Forecast
Devon Energy Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.84M | $3.45M | $3.82B | $4.30B | $5.43B | - | $3.81B | $4.27B | $3.47B | $2.42B | $1.76B | $1.28B | $1.07B | $394.00M | $2.09B | $1.22B | $1.85B |
| Avg Forecast | $4.07B | $4.07B | $4.07B | $4.06B | $4.40B | $4.38B | $4.37B | $4.22B | $4.26B | $3.83B | $3.90B | $3.64B | $3.88B | $3.96B | $3.16B | $3.26B | $3.84B | $4.15B | $4.15B | $4.05B | $3.72B | $3.23B | $2.36B | $2.05B | $1.22B | $1.06B | $1.09B | $1.13B | $1.54B | $1.39B |
| High Forecast | $4.28B | $4.28B | $4.28B | $4.28B | $4.64B | $4.62B | $4.60B | $4.45B | $4.49B | $3.92B | $4.11B | $3.83B | $3.94B | $4.17B | $3.33B | $3.44B | $4.04B | $4.38B | $4.15B | $4.13B | $3.80B | $3.30B | $2.41B | $2.09B | $1.25B | $1.08B | $1.12B | $1.16B | $1.57B | $1.42B |
| Low Forecast | $3.89B | $3.89B | $3.89B | $3.88B | $4.21B | $4.19B | $4.17B | $4.04B | $4.08B | $3.78B | $3.73B | $3.48B | $3.83B | $3.78B | $3.02B | $3.12B | $3.67B | $3.97B | $4.15B | $3.96B | $3.64B | $3.16B | $2.31B | $2.01B | $1.19B | $1.03B | $1.07B | $1.11B | $1.50B | $1.36B |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.00% | 1.17% | 1.12% | 1.31% | - | 0.94% | 1.15% | 1.07% | 1.02% | 0.86% | 1.05% | 1.01% | 0.36% | 1.84% | 0.80% | 1.33% |
Devon Energy's average Quarter revenue forecast for Dec 23 based on 6 analysts is $3.88B, with a low forecast of $3.83B, and a high forecast of $3.94B. DVN's average Quarter revenue forecast represents a 100955.58% increase compared to the company's last Quarter revenue of $3.84M (Sep 23).
Devon Energy EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.71M | $1.53M | $1.93B | $2.23B | $3.12B | - | $1.84B | $2.33B | $1.63B | $933.00M | $537.00M | $221.00M | $183.00M | $-309.00M | $-2.17B | $-623.00M | $229.00M |
| Avg Forecast | $1.62B | $1.62B | $1.62B | $1.62B | $1.76B | $1.75B | $1.75B | $1.69B | $1.70B | $1.53B | $1.56B | $2.06B | $1.55B | $1.58B | $1.26B | $1.87B | $1.53B | $1.70B | $1.66B | $1.70B | $1.98B | $1.35B | $809.77M | $341.73M | $487.53M | $263.52M | $-404.08M | $-5.06B | $-545.13M | $129.02M |
| High Forecast | $1.71B | $1.71B | $1.71B | $1.71B | $1.85B | $1.85B | $1.84B | $1.78B | $1.79B | $1.57B | $1.64B | $2.47B | $1.57B | $1.67B | $1.33B | $2.24B | $1.62B | $2.04B | $1.66B | $2.04B | $2.37B | $1.61B | $971.73M | $410.07M | $498.00M | $316.22M | $-323.26M | $-4.04B | $-436.10M | $154.83M |
| Low Forecast | $1.55B | $1.55B | $1.55B | $1.55B | $1.68B | $1.67B | $1.67B | $1.61B | $1.63B | $1.51B | $1.49B | $1.65B | $1.53B | $1.51B | $1.21B | $1.50B | $1.47B | $1.36B | $1.66B | $1.36B | $1.58B | $1.08B | $647.82M | $273.38M | $477.17M | $210.82M | $-484.89M | $-6.07B | $-654.15M | $103.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.00% | 1.03% | 1.45% | 1.83% | - | 1.08% | 1.17% | 1.21% | 1.15% | 1.57% | 0.45% | 0.69% | 0.76% | 0.43% | 1.14% | 1.77% |
6 analysts predict DVN's average Quarter EBITDA for Dec 23 to be $1.55B, with a high of $1.57B and a low of $1.53B. This is 90319.21% upper than Devon Energy's previous annual EBITDA (Sep 23) of $1.71M.
Devon Energy Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $910.00K | $690.00K | $995.00M | $1.20B | $1.89B | - | $989.00M | $1.51B | $838.00M | $256.00M | $213.00M | $-102.00M | $-92.00M | $-670.00M | $-1.82B | $-642.00M | $109.00M |
| Avg Forecast | $1.05B | $1.01B | $958.15M | $965.36M | $954.37M | $943.14M | $892.93M | $883.80M | $873.16M | $778.53M | $793.77M | $1.11B | $866.34M | $983.25M | $738.26M | $1.01B | $1.10B | $875.71M | $1.46B | $915.53M | $1.28B | $692.26M | $222.19M | $135.55M | $-1.01B | $-132.48M | $-876.15M | $-4.23B | $-561.75M | $61.41M |
| High Forecast | $1.12B | $1.08B | $1.02B | $1.03B | $1.02B | $1.01B | $955.04M | $945.27M | $933.89M | $862.38M | $848.98M | $1.33B | $916.21M | $1.05B | $789.61M | $1.21B | $1.18B | $1.05B | $1.46B | $1.10B | $1.54B | $830.71M | $266.63M | $162.65M | $-807.84M | $-105.98M | $-700.92M | $-3.39B | $-449.40M | $73.69M |
| Low Forecast | $988.28M | $948.85M | $903.11M | $909.90M | $899.55M | $888.95M | $841.64M | $833.03M | $822.99M | $706.67M | $748.17M | $886.23M | $841.41M | $926.76M | $695.85M | $805.67M | $1.04B | $700.57M | $1.46B | $732.43M | $1.03B | $553.81M | $177.75M | $108.44M | $-1.21B | $-158.98M | $-1.05B | $-5.08B | $-674.10M | $49.13M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.00% | 0.99% | 1.09% | 2.16% | - | 1.08% | 1.18% | 1.21% | 1.15% | 1.57% | 0.10% | 0.69% | 0.76% | 0.43% | 1.14% | 1.77% |
Devon Energy's average Quarter net income forecast for Dec 23 is $866.34M, with a range of $841.41M to $916.21M. DVN's average Quarter net income forecast represents a 95102.73% increase compared to the company's last Quarter net income of $910.00K (Sep 23).
Devon Energy SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.25M | $1.13M | $106.00M | $122.00M | $95.00M | - | $94.00M | $95.00M | $95.00M | $94.00M | $630.00M | $82.00M | $75.00M | $79.00M | $680.00M | $784.00M | $791.00M |
| Avg Forecast | $183.80M | $183.75M | $183.71M | $183.66M | $199.06M | $198.15M | $197.40M | $190.91M | $192.69M | $172.97M | $176.27M | $105.29M | $175.19M | $178.92M | $142.92M | $95.72M | $173.45M | $99.27M | $187.65M | $87.02M | $80.87M | $78.48M | $81.58M | $400.91M | $811.80M | $108.00M | $103.31M | $51.12M | $686.00M | $445.66M |
| High Forecast | $193.63M | $193.58M | $193.54M | $193.49M | $209.71M | $208.75M | $207.96M | $201.12M | $203.00M | $177.34M | $185.70M | $126.35M | $177.90M | $188.49M | $150.57M | $114.86M | $182.73M | $119.13M | $187.65M | $104.42M | $97.04M | $94.17M | $97.90M | $481.09M | $974.16M | $129.60M | $123.97M | $52.22M | $823.20M | $534.79M |
| Low Forecast | $175.68M | $175.63M | $175.59M | $175.55M | $190.27M | $189.40M | $188.67M | $182.47M | $184.18M | $170.79M | $168.48M | $84.23M | $172.93M | $171.01M | $136.60M | $76.58M | $165.79M | $79.42M | $187.65M | $69.61M | $64.69M | $62.78M | $65.27M | $320.73M | $649.44M | $86.40M | $82.65M | $50.04M | $548.80M | $356.53M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.01% | 0.01% | 1.11% | 0.70% | 0.96% | - | 1.08% | 1.17% | 1.21% | 1.15% | 1.57% | 0.10% | 0.69% | 0.76% | 13.30% | 1.14% | 1.77% |
Devon Energy's average Quarter SG&A projection for Dec 23 is $175.19M, based on 6 Wall Street analysts, with a range of $172.93M to $177.90M. The forecast indicates a 13948.81% rise compared to DVN last annual SG&A of $1.25M (Sep 23).
Devon Energy EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.43 | $1.08 | $1.53 | $1.84 | $2.89 | - | $1.48 | $2.25 | $1.24 | $0.38 | $0.33 | $-0.27 | $-0.25 | $-1.78 | $-4.82 | $-1.70 | $0.27 |
| Avg Forecast | $1.67 | $1.60 | $1.53 | $1.54 | $1.52 | $1.50 | $1.42 | $1.41 | $1.39 | $1.24 | $1.26 | $1.12 | $1.38 | $1.57 | $1.18 | $1.38 | $1.75 | $2.12 | $2.31 | $1.75 | $1.24 | $0.93 | $0.52 | $0.33 | $0.03 | $-0.09 | $-0.28 | $-0.24 | $0.32 | $0.16 |
| High Forecast | $1.79 | $1.71 | $1.63 | $1.64 | $1.63 | $1.61 | $1.52 | $1.51 | $1.49 | $1.37 | $1.35 | $1.20 | $1.46 | $1.67 | $1.26 | $1.48 | $1.87 | $2.27 | $2.31 | $1.80 | $1.27 | $0.95 | $0.54 | $0.34 | $0.03 | $-0.09 | $-0.27 | $-0.23 | $0.33 | $0.17 |
| Low Forecast | $1.57 | $1.51 | $1.44 | $1.45 | $1.43 | $1.42 | $1.34 | $1.33 | $1.31 | $1.13 | $1.19 | $1.05 | $1.34 | $1.48 | $1.11 | $1.31 | $1.65 | $2.00 | $2.31 | $1.70 | $1.20 | $0.90 | $0.51 | $0.32 | $0.03 | $-0.09 | $-0.29 | $-0.25 | $0.32 | $0.16 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 0.92% | 1.10% | 1.05% | 1.36% | - | 0.85% | 1.82% | 1.34% | 0.73% | 1.00% | -7.95% | 2.79% | 6.41% | 20.05% | -5.24% | 1.66% |
According to 6 Wall Street analysts, Devon Energy's projected average Quarter EPS for Dec 23 is $1.38, with a low estimate of $1.34 and a high estimate of $1.46. This represents a -3.53% decrease compared to DVN previous annual EPS of $1.43 (Sep 23).
Devon Energy Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DVN | Devon Energy | $39.45 | $64.04 | 62.33% | Buy |
| PR | Permian Resources | $13.49 | $18.25 | 35.29% | Buy |
| CTRA | Coterra Energy | $22.78 | $29.53 | 29.63% | Buy |
| EQT | EQT | $33.19 | $41.00 | 23.53% | Buy |
| COP | ConocoPhillips | $103.50 | $123.86 | 19.67% | Buy |
| MRO | Marathon Oil | $26.13 | $29.32 | 12.21% | Buy |
| EOG | EOG Resources | $119.37 | $131.79 | 10.40% | Buy |
| FANG | Diamondback Energy | $172.42 | $182.38 | 5.78% | Buy |
DVN Forecast FAQ
Is Devon Energy a good buy?
Yes, according to 18 Wall Street analysts, Devon Energy (DVN) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 12 'Buy' recommendations, accounting for 72.22% of DVN's total ratings.
What is DVN's price target?
Devon Energy (DVN) average price target is $64.04 with a range of $35 to $115, implying a 62.33% from its last price of $39.45. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Devon Energy stock go up soon?
According to Wall Street analysts' prediction for DVN stock, the company can go up by 62.33% (from the last price of $39.45 to the average price target of $64.04), up by 191.51% based on the highest stock price target, and down by -11.28% based on the lowest stock price target.
Can Devon Energy stock reach $60?
DVN's average twelve months analyst stock price target of $64.04 supports the claim that Devon Energy can reach $60 in the near future.
What are Devon Energy's analysts' financial forecasts?
Devon Energy's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $17.38B (high $18.31B, low $16.61B), average EBITDA is $6.94B (high $7.32B, low $6.64B), average net income is $3.67B (high $3.93B, low $3.46B), average SG&A $785.52M (high $827.54M, low $750.81M), and average EPS is $5.85 (high $6.26, low $5.51). DVN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $16.26B (high $17.13B, low $15.54B), average EBITDA is $6.5B (high $6.85B, low $6.21B), average net income is $3.98B (high $4.26B, low $3.75B), average SG&A $734.92M (high $774.24M, low $702.44M), and average EPS is $6.34 (high $6.78, low $5.97).
Did the DVN's actual financial results beat the analysts' financial forecasts?
Based on Devon Energy's last annual report (Dec 2023), the company's revenue was $15.26B, beating the average analysts forecast of $14.26B by 6.98%. Apple's EBITDA was $7.14B, beating the average prediction of $6.26B by 14.00%. The company's net income was $3.75B, beating the average estimation of $3.59B by 4.23%. Apple's SG&A was $4.76B, beating the average forecast of $592.75M by 702.53%. Lastly, the company's EPS was $5.86, beating the average prediction of $5.51 by 6.44%. In terms of the last quarterly report (Sep 2023), Devon Energy's revenue was $3.84M, missing the average analysts' forecast of $3.96B by -99.90%. The company's EBITDA was $1.71M, missing the average prediction of $1.58B by -99.89%. Devon Energy's net income was $910K, missing the average estimation of $983.25M by -99.91%. The company's SG&A was $1.25M, missing the average forecast of $178.92M by -99.30%. Lastly, the company's EPS was $1.43, missing the average prediction of $1.57 by -8.67%