Devon Energy (DVN) Stock Forecast & Price Target

$28.23 +0.48 (+1.72%)

Closing price 04/11/2025 03:59 PM Eastern

Extended Trading

$28.32 +0.10 (+0.35%)

As of 04/11/2025 07:58 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 23 Analyst Ratings

Sell
0

Hold
9

Buy
14

Based on 23 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 23 analysts, 9 have given a hold rating, and 14 have given a buy rating for DVN.

Consensus Price Target

$47.08
66.81% Upside

According to the 23 analysts' twelve-month price targets for Devon Energy, the average price target is $47.08. The highest price target for DVN is $66.00, while the lowest price target for DVN is $35.00. The average price target represents a forecasted upside of 66.81% from the current price of $28.23.

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DVN Analyst Ratings Over Time

Type	Current Forecast 4/13/24 to 4/13/25	1 Month Ago 3/14/24 to 3/14/25	3 Months Ago 1/14/24 to 1/13/25	1 Year Ago 4/14/23 to 4/13/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	13 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$47.08	$48.54	$49.43	$57.83
Forecasted Upside	66.81% Upside	40.72% Upside	34.17% Upside	8.26% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	Energy Companies	S&P 500
Consensus Rating Score	2.61	2.70	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	66.81% Upside	961.81% Upside	27.84% Upside
News Sentiment Rating	Positive News See Recent DVN News	Positive News	Positive News

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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
4/11/2025	Scotiabank 5 of 5 stars	Paul Cheng Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Outperform ➝ Sector Outperform	$45.00 ➝ $35.00	+24.00%
4/9/2025	Mizuho 3 of 5 stars	Nitin Kumar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$49.00 ➝ $46.00	+71.57%
4/7/2025	UBS Group 3 of 5 stars	Josh Silverstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$41.00 ➝ $35.00	+23.25%
4/4/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Scott Gruber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$46.00 ➝ $43.00	+43.56%
3/26/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Devin McDermott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Overweight ➝ Overweight	$51.00 ➝ $47.00	+24.94%
3/13/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Arun Jayaram Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$48.00 ➝ $42.00	+24.94%
3/10/2025	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	John Freeman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$54.00 ➝ $46.00	+33.75%
3/5/2025	Williams Trading Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target		$50.00	+46.31%
2/24/2025	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Lear Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$54.00 ➝ $55.00	+47.28%
2/20/2025	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Biju Perincheril Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Positive ➝ Positive	$50.00 ➝ $52.00	+34.83%
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2/20/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Dingmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$42.00 ➝ $44.00	+15.05%
2/20/2025	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Chandra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$44.00 ➝ $44.00	+17.08%
2/20/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Betty Jiang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$43.00 ➝ $44.00	+17.08%
2/18/2025	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold	$46.00 ➝ $45.00	+27.64%
1/15/2025	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Bob Brackett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$45.00 ➝ $45.00	+20.90%
1/10/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	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	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$49.00 ➝ $43.00	+33.91%
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%
10/4/2024	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	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%
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 Sunday at 01:36 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, April 6, 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 strong quarterly earnings, with earnings per share of $1.16, exceeding analysts' expectations of $1.00. This indicates robust financial performance and effective management.
The company has increased its quarterly dividend from $0.22 to $0.24, reflecting a commitment to returning value to shareholders. This results in an annualized dividend yield of 3.28%, which can be attractive for income-focused investors.
Devon Energy Co. has a market capitalization of $19.01 billion, indicating a stable and significant presence in the energy sector, which can provide a sense of security for investors.
Analysts have a consensus rating of "Moderate Buy" for Devon Energy Co., with an average target price of $48.17, suggesting potential for price appreciation in the near future.
The current stock price is $29.30, which is significantly lower than its 12-month high of $55.09, indicating a potential buying opportunity for investors looking for undervalued stocks.

Devon Energy
Bear Case

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

The stock has recently traded down by 11.7%, which may indicate volatility and uncertainty in the market, potentially leading to further declines.
Devon Energy Co. has a P/E ratio of 6.42, which, while low, may suggest that the market has concerns about the company's future growth prospects compared to its peers.
Analysts have varied opinions on the stock, with some reducing their price targets, such as Wells Fargo lowering theirs from $49.00 to $43.00, which could signal caution among investors.
The company operates in a highly competitive and fluctuating energy market, which can expose it to risks related to oil and gas price volatility.
With a beta of 1.50, Devon Energy Co. is more volatile than the market, meaning that its stock price may experience larger swings, which can be a risk for conservative investors.

DVN Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Devon Energy is $47.08, with a high forecast of $66.00 and a low forecast of $35.00.
: 23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 9 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DVN shares.
: According to analysts, Devon Energy's stock has a predicted upside of 66.81% 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 Barclays, Benchmark, Citigroup, Cowen, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Raymond James, Sanford C. Bernstein, Scotiabank, Susquehanna, Truist Financial, UBS Group, and Williams Trading in the past 90 days.
: Analysts like Devon Energy less than other "energy" companies. The consensus rating score for Devon Energy is 2.61 while the average consensus rating score for "energy" companies is 2.70. Learn more on how DVN compares to other companies.

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This page (NYSE:DVN) was last updated on 4/13/2025 by MarketBeat.com Staff

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Devon Energy (DVN) Stock Forecast & Price Target