​
​

Devon Energy (DVN) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

DVN Stock Forecast

Devon Energy stock forecast is as follows: an average price target of $58.88 (represents a 50.55% upside from DVN’s last price of $39.11) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.

DVN Price Target

The average price target for Devon Energy (DVN) is $58.88 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $91.00 to $35.00. This represents a potential 50.55% upside from DVN's last price of $39.11.

DVN Analyst Ratings

Buy

According to 19 Wall Street analysts, Devon Energy's rating consensus is 'Buy'. The analyst rating breakdown for DVN stock is 1 'Strong Buy' (5.26%), 14 'Buy' (73.68%), 4 'Hold' (21.05%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Devon Energy Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 15, 2024Gabriele SorbaraWilliams Trading$54.00$42.8725.96%38.07%
Oct 10, 2024Paul ChengScotiabank$48.00$41.9614.39%22.73%
Oct 02, 2024Betty JiangBarclays$46.00$39.7615.69%17.62%
Sep 30, 2024Neal DingmannTruist Financial$49.00$38.9625.77%25.29%
Sep 16, 2024Devin McDermottMorgan Stanley$51.00$39.4529.28%30.40%
Aug 13, 2024Roger ReadWells Fargo$55.00$44.6423.21%40.63%
Jul 12, 2024Paul ChengScotiabank$60.00$46.4229.25%53.41%
Jun 17, 2024Bill SeleskyArgus Research$71.00$45.6155.67%81.54%
May 24, 2024Devin McDermottMorgan Stanley$52.00$48.427.38%32.96%
May 20, 2024Phillip JungwirthBMO Capital$57.00$49.6214.87%45.74%
Row per page
Go to

The latest Devon Energy stock forecast, released on Oct 15, 2024 by Gabriele Sorbara from Williams Trading, set a price target of $54.00, which represents a 25.96% increase from the stock price at the time of the forecast ($42.87), and a 38.07% increase from DVN last price ($39.11).

Devon Energy Price Target by Period

1M3M12M
# Anlaysts1517
Avg Price Target$54.00$49.60$57.00
Last Closing Price$39.11$39.11$39.11
Upside/Downside38.07%26.82%45.74%

In the current month, the average price target of Devon Energy stock is $54.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 38.07% increase as opposed to Devon Energy's last price of $39.11. This month's average price target is up 8.87% compared to last quarter, and down -5.26% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 18, 2024Wells FargoSector OutperformSector OutperformHold
Oct 18, 2024SusquehannaPositivePositiveHold
Oct 10, 2024ScotiabankOutperformOutperformHold
Oct 02, 2024BarclaysEqual-WeightEqual-WeightHold
Sep 30, 2024Wells FargoSector PerformSector PerformHold
Sep 30, 2024UBSUnderperformUnderperformHold
Sep 16, 2024Morgan StanleyOverweightOverweightHold
Sep 03, 2024Wells FargoSector PerformSector PerformHold
Sep 03, 2024RBC CapitalSector PerformSector PerformHold
Aug 16, 2024ScotiabankSector OutperformSector OutperformHold
Row per page
Go to

Devon Energy's last stock rating was published by Wells Fargo on Oct 18, 2024. The company gave DVN a "Sector Outperform" rating, the same as its previous rate.

Devon Energy Financial Forecast

Devon Energy Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$3.84M$3.45M$3.82B$4.30B$5.43B$5.63B$3.81B$4.27B$3.47B$2.42B$1.76B$1.28B$1.07B$394.00M$2.09B$1.22B$1.85B
Avg Forecast$4.13B$4.13B$4.14B$4.15B$4.32B$4.28B$4.17B$4.16B$4.17B$3.72B$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$4.19B$4.20B$4.21B$4.21B$4.38B$4.34B$4.24B$4.22B$4.25B$3.81B$3.90B$3.64B$3.94B$3.96B$3.21B$3.31B$3.90B$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
Low Forecast$4.01B$4.02B$4.02B$4.03B$4.19B$4.16B$4.05B$4.12B$4.02B$3.63B$3.90B$3.64B$3.83B$3.95B$3.07B$3.17B$3.73B$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
# Analysts222211145433633344443333545443
Surprise %-------------0.00%0.00%1.17%1.12%1.31%1.35%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211145433633344443333545443
EBITDA-------------$1.71M$1.53M$1.93B$2.23B$3.12B$3.10B$1.84B$2.33B$1.63B$933.00M$537.00M$221.00M$183.00M$-309.00M$-2.17B$-623.00M$229.00M
Avg Forecast$1.65B$1.65B$1.65B$1.66B$1.72B$1.71B$1.67B$1.66B$1.66B$1.49B$1.56B$2.06B$1.55B$1.58B$1.26B$1.87B$2.18B$1.66B$1.66B$1.70B$1.49B$1.29B$942.57M$341.73M$487.53M$421.93M$437.29M$-5.06B$613.45M$555.79M
High Forecast$1.67B$1.68B$1.68B$1.68B$1.75B$1.74B$1.69B$1.69B$1.70B$1.52B$1.56B$2.47B$1.57B$1.58B$1.28B$2.24B$2.61B$1.66B$1.66B$2.04B$1.49B$1.29B$942.57M$410.07M$487.53M$421.93M$437.29M$-4.04B$613.45M$555.79M
Low Forecast$1.60B$1.60B$1.61B$1.61B$1.68B$1.66B$1.62B$1.65B$1.60B$1.45B$1.56B$1.65B$1.53B$1.58B$1.23B$1.50B$1.74B$1.66B$1.66B$1.36B$1.49B$1.29B$942.57M$273.38M$487.53M$421.93M$437.29M$-6.07B$613.45M$555.79M
Surprise %-------------0.00%0.00%1.03%1.02%1.88%1.87%1.08%1.56%1.26%0.99%1.57%0.45%0.43%-0.71%0.43%-1.02%0.41%

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211145433633344443333545443
Net Income-------------$910.00K$690.00K$995.00M$1.20B$1.89B$1.93B$989.00M$1.51B$838.00M$256.00M$213.00M$-102.00M$-92.00M$-670.00M$-1.82B$-642.00M$109.00M
Avg Forecast$831.57M$808.38M$775.34M$791.90M$732.91M$712.62M$676.35M$693.04M$662.60M$677.86M$787.45M$1.11B$859.45M$975.42M$732.39M$1.01B$1.41B$1.33B$1.45B$915.53M$775.78M$583.05M$327.21M$135.55M$21.32M$-56.20M$-174.34M$-4.23B$203.75M$102.03M
High Forecast$848.13M$824.47M$790.77M$807.66M$747.49M$726.80M$689.82M$847.04M$744.70M$691.35M$811.94M$1.33B$908.91M$979.99M$737.59M$1.21B$1.69B$1.33B$1.45B$1.10B$775.78M$583.05M$327.21M$162.65M$21.32M$-56.20M$-174.34M$-3.39B$203.75M$102.03M
Low Forecast$800.81M$778.48M$746.66M$762.60M$705.80M$686.25M$651.33M$550.88M$492.56M$652.78M$762.96M$886.23M$834.71M$970.85M$727.18M$805.67M$1.13B$1.33B$1.45B$732.43M$775.78M$583.05M$327.21M$108.44M$21.32M$-56.20M$-174.34M$-5.08B$203.75M$102.03M
Surprise %-------------0.00%0.00%0.99%0.85%1.42%1.33%1.08%1.95%1.44%0.78%1.57%-4.78%1.64%3.84%0.43%-3.15%1.07%

Devon Energy's average Quarter net income forecast for Dec 23 is $859.45M, with a range of $834.71M to $908.91M. DVN's average Quarter net income forecast represents a 94344.75% increase compared to the company's last Quarter net income of $910.00K (Sep 23).

Devon Energy SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211145433633344443333545443
SG&A-------------$1.25M$1.13M$106.00M$122.00M$95.00M$84.00M$94.00M$95.00M$95.00M$94.00M$630.00M$82.00M$75.00M$79.00M$680.00M$784.00M$791.00M
Avg Forecast$186.51M$186.83M$187.19M$187.55M$195.05M$193.29M$188.54M$187.97M$188.30M$168.22M$176.27M$105.29M$175.19M$178.92M$142.92M$95.72M$88.95M$187.77M$187.65M$87.02M$168.23M$145.85M$106.61M$400.91M$55.14M$47.72M$49.46M$51.12M$69.38M$62.86M
High Forecast$189.37M$189.69M$190.05M$190.42M$198.04M$196.24M$191.43M$190.73M$191.94M$172.40M$176.27M$126.35M$177.90M$179.18M$145.11M$114.86M$106.75M$187.77M$187.65M$104.42M$168.23M$145.85M$106.61M$481.09M$55.14M$47.72M$49.46M$51.12M$69.38M$62.86M
Low Forecast$181.20M$181.51M$181.86M$182.21M$189.50M$187.78M$183.17M$186.12M$181.48M$164.04M$176.27M$84.23M$172.93M$178.66M$138.85M$76.58M$71.16M$187.77M$187.65M$69.61M$168.23M$145.85M$106.61M$320.73M$55.14M$47.72M$49.46M$51.12M$69.38M$62.86M
Surprise %-------------0.01%0.01%1.11%1.37%0.51%0.45%1.08%0.56%0.65%0.88%1.57%1.49%1.57%1.60%13.30%11.30%12.58%

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211145433633344443333545443
EPS-------------$1.43$1.08$1.53$1.84$2.89$2.94$1.48$2.25$1.24$0.38$0.33$-0.27$-0.25$-1.78$-4.82$-1.70$0.27
Avg Forecast$1.33$1.30$1.24$1.27$1.18$1.14$1.09$1.11$1.06$1.09$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$1.36$1.32$1.27$1.30$1.20$1.17$1.11$1.36$1.20$1.11$1.30$1.12$1.46$1.57$1.18$1.41$1.79$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
Low Forecast$1.29$1.25$1.20$1.22$1.13$1.10$1.05$0.88$0.79$1.05$1.22$1.12$1.34$1.56$1.17$1.36$1.69$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
Surprise %-------------0.91%0.92%1.10%1.05%1.36%1.27%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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DVNDevon Energy$39.11$58.8850.55%Buy
PRPermian Resources$15.13$17.9218.44%Buy
CTRACoterra Energy$25.61$29.6815.89%Buy
COPConocoPhillips$111.82$122.719.74%Buy
FANGDiamondback Energy$182.24$191.605.14%Buy
MROMarathon Oil$28.62$29.001.33%Buy
EOGEOG Resources$134.35$132.29-1.53%Buy
EQTEQT$43.31$41.53-4.11%Buy

DVN Forecast FAQ

Is Devon Energy a good buy?

Yes, according to 19 Wall Street analysts, Devon Energy (DVN) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 14 'Buy' recommendations, accounting for 78.95% of DVN's total ratings.

What is DVN's price target?

Devon Energy (DVN) average price target is $58.88 with a range of $35 to $91, implying a 50.55% from its last price of $39.11. The data is based on 19 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 50.55% (from the last price of $39.11 to the average price target of $58.88), up by 132.68% based on the highest stock price target, and down by -10.51% based on the lowest stock price target.

Can Devon Energy stock reach $60?

DVN's highest twelve months analyst stock price target of $91 supports the claim that Devon Energy can reach $60 in the near future.

What is Devon Energy's current price target trend?

1 Wall Street analyst forecast a $54 price target for Devon Energy (DVN) this month, up 38.07% from its last price of $39.11. Compared to the last 3 and 12 months, the average price target increased by 26.82% and increased by 45.74%, respectively.

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 $16.92B (high $17.18B, low $16.52B), average EBITDA is $6.76B (high $6.86B, low $6.6B), average net income is $2.81B (high $3.01B, low $2.59B), average SG&A $764.84M (high $776.44M, low $746.58M), and average EPS is $4.52 (high $4.83, low $4.16). DVN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $16.55B (high $16.81B, low $16.08B), average EBITDA is $6.61B (high $6.72B, low $6.43B), average net income is $3.21B (high $3.27B, low $3.09B), average SG&A $748.07M (high $759.53M, low $726.78M), and average EPS is $5.15 (high $5.25, low $4.96).

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 $3.57B by 4.83%. 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 $975.42M 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%