Devon Energy (DVN) Stock Forecast & Price Target

$37.22 +0.45 (+1.22%)

As of 01/14/2025 03:58 PM Eastern

Devon Energy - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 22 Analyst Ratings

Sell
0

Hold
9

Buy
13

Based on 22 Wall Street analysts who have issued ratings for Devon Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 22 analysts, 9 have given a hold rating, and 13 have given a buy rating for DVN.

Consensus Price Target

$49.18
32.14% Upside

According to the 22 analysts' twelve-month price targets for Devon Energy, the average price target is $49.18. The highest price target for DVN is $66.00, while the lowest price target for DVN is $42.00. The average price target represents a forecasted upside of 32.14% from the current price of $37.22.

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DVN Analyst Ratings Over Time

Type	Current Forecast 1/16/24 to 1/15/25	1 Month Ago 12/17/23 to 12/16/24	3 Months Ago 10/18/23 to 10/17/24	1 Year Ago 1/16/23 to 1/16/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	11 Buy rating(s)	14 Buy rating(s)	11 Buy rating(s)
Hold	9 Hold rating(s)	11 Hold rating(s)	8 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$49.18	$50.55	$52.58	$56.94
Forecasted Upside	32.14% Upside	55.18% Upside	29.60% Upside	36.62% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

DVN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DVN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Devon Energy Stock vs. The Competition

Type	Devon Energy	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.59	2.61	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	32.14% Upside	1,862.85% Upside	14.85% Upside
News Sentiment Rating	Positive News See Recent DVN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/14/2025	Benchmark 2 of 5 stars	Subash Chandra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$44.00 ➝ $44.00	+19.44%
1/13/2025	Truist Financial 2 of 5 stars	N. Dingmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$43.00 ➝ $42.00	+14.35%
1/10/2025	Royal Bank of Canada 4 of 5 stars	Scott Hanold Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform ➝ Sector Perform	$50.00 ➝ $50.00	+39.04%
1/3/2025	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$45.00	+34.73%
12/17/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$57.00 ➝ $53.00	+66.04%
12/17/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$49.00 ➝ $43.00	+33.91%
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12/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$51.00 ➝ $47.00	+38.72%
12/5/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$43.00	+18.49%
11/26/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$55.00 ➝ $48.00	+27.46%
11/5/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$58.00 ➝ $51.00	+29.74%
11/5/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$54.00 ➝ $46.00	+17.02%
10/18/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$63.00 ➝ $62.00	+52.82%
10/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$60.00 ➝ $48.00	+12.12%
10/4/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Jungwirth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$52.00 ➝ $48.00	+13.29%
10/3/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$55.00 ➝ $46.00	+11.84%
10/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$45.00	+11.11%
9/30/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$55.00 ➝ $50.00	+27.88%
9/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$53.00 ➝ $47.00	+17.15%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$55.00 ➝ $51.00	+29.15%
7/17/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$48.00 ➝ $43.00	-11.58%
6/14/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$64.00	+41.62%
4/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$65.00 ➝ $66.00	+25.48%
11/9/2023	Pickering Energy Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
6/13/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$63.00 ➝ $58.00	+17.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 02:18 AM ET.

Should I Buy Devon Energy Stock? DVN Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, January 5, 2025. Please send any questions or comments about these Devon Energy pros and cons to contact@marketbeat.com.

Devon Energy
Bull Case

Here are some ways that investors could benefit from investing in Devon Energy Co.:

Devon Energy Co. recently reported earnings per share (EPS) of $1.10, exceeding analysts' expectations, which indicates strong financial performance and effective management.
The company has a solid revenue stream, with reported revenue of $4.02 billion, surpassing expectations of $3.72 billion, showcasing its ability to generate income even in fluctuating market conditions.
Devon Energy Co. has a favorable market capitalization of $21.40 billion, which reflects its size and stability in the energy sector, making it a potentially safer investment.
The current stock price is $32.58, which may present a buying opportunity for investors looking for value in the energy market.
With a return on equity of 24.73%, Devon Energy Co. demonstrates effective use of shareholders' equity to generate profits, which is a positive indicator for potential investors.

Devon Energy
Bear Case

Investors should be bearish about investing in Devon Energy Co. for these reasons:

The stock has recently experienced a decline of 3.9%, which may indicate volatility and potential risks associated with investing in the company.
Analysts have lowered price targets for Devon Energy Co., with some estimates dropping to as low as $46.00, suggesting a bearish outlook from market experts.
The company has a debt-to-equity ratio of 0.61, which, while not excessively high, indicates that it does carry some debt, potentially impacting its financial flexibility.
Devon Energy Co. operates in a highly competitive and volatile energy market, which can lead to unpredictable revenue and profit margins.
Despite a strong EPS, the year-over-year earnings have decreased from $1.65, indicating potential challenges in maintaining profitability in the future.

DVN Forecast - Frequently Asked Questions

: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Devon Energy is $49.18, with a high forecast of $66.00 and a low forecast of $42.00.
: 22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 9 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DVN shares.
: According to analysts, Devon Energy's stock has a predicted upside of 32.14% based on their 12-month stock forecasts.
: Over the previous 90 days, Devon Energy's stock had 2 upgrades and 2 downgrades by analysts.
: Devon Energy has been rated by research analysts at Benchmark, Citigroup, JPMorgan Chase & Co., Mizuho, Piper Sandler, Raymond James, Royal Bank of Canada, Susquehanna, TD Cowen, Truist Financial, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Devon Energy less than other "oils/energy" companies. The consensus rating score for Devon Energy is 2.59 while the average consensus rating score for "oils/energy" companies is 2.61. Learn more on how DVN compares to other companies.

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This page (NYSE:DVN) was last updated on 1/15/2025 by MarketBeat.com Staff

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Devon Energy (DVN) Stock Forecast & Price Target