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NYSE: DVN
DEVON ENERGY CORP Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for DVN

Based on 10 analysts offering 12 month price targets for DEVON ENERGY CORP.
Min Forecast
$37.00-47.08%
Avg Forecast
$69.00-1.32%
Max Forecast
$90.00+28.72%

Should I buy or sell DVN stock?

Based on 12 analysts offering ratings for DEVON ENERGY CORP.
Buy
Strong Buy
5 analysts 41.67%
Buy
2 analysts 16.67%
Hold
5 analysts 41.67%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

DVN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Raymond James
Top 1%
100
Strong BuyMaintains$90.00+28.72%2022-05-09Find out why
RBC Capital
Top 4%
97
HoldMaintains$70.00+0.11%2022-05-04
Credit Suisse
Top 1%
100
BuyMaintains$75.00+7.27%2022-05-03
Morgan Stanley
Top 1%
100
HoldMaintains$68.00-2.75%2022-04-22
Piper Sandler
Top 4%
97
Strong BuyMaintains$80.00+14.42%2022-04-07Find out why
Mizuho
Top 1%
100
Strong BuyMaintains$89.00+27.29%2022-03-31
Wells Fargo
Top 1%
100
Strong BuyMaintains$73.00+4.41%2022-03-14
Benchmark
Top 2%
99
HoldDowngradesN/AN/A2022-03-02Find out why
Goldman Sachs
Top 8%
93
HoldDowngradesN/AN/A2022-01-21
Barclays
Top 21%
80
Strong BuyMaintains$51.00-27.06%2022-01-13

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Forecast return on equity

Is DVN forecast to generate an efficient return?
Company
37.47%
Industry
15.68%
Market
32.81%
DVN's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is DVN forecast to generate an efficient return on assets?
Company
16%
Industry
6.81%
DVN is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

DVN earnings per share forecast

What is DVN's earnings per share in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$8.49+58.69%
Avg 2 year Forecast
$9.01+68.41%
Avg 3 year Forecast
$7.68+43.55%
DVN's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

DVN revenue forecast

What is DVN's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$17.9B+28%
Avg 2 year Forecast
$17.8B+27.43%
Avg 3 year Forecast
$16.7B+19.88%
DVN's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

DVN earnings growth forecast

How is DVN forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
14.86%
Industry
19.84%
Market
15.78%
DVN's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
DVN's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
DVN's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

DVN revenue growth forecast

How is DVN forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
6.74%
Industry
8.97%
Market
9.2%
DVN's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
DVN's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

DVN vs Oil and Gas Stocks

TickerPricePrice TargetUp/downsideConsensus
DVN$69.92$69.00-1.32%Buy
HES$114.19$126.00+10.34%Strong Buy
OXY$64.30$58.53-8.97%Buy
PXD$271.08$261.93-3.37%Strong Buy
CTRA$30.69$30.55-0.47%Buy
View Top Oil and Gas Stocks

DEVON ENERGY Stock Forecast FAQ

Is DEVON ENERGY Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering (NYSE: DVN) stock is to Buy DVN stock.

Out of 12 analysts, 5 (41.67%) are recommending DVN as a Strong Buy, 2 (16.67%) are recommending DVN as a Buy, 5 (41.67%) are recommending DVN as a Hold, 0 (0%) are recommending DVN as a Sell, and 0 (0%) are recommending DVN as a Strong Sell.

What is DVN's earnings growth forecast for 2022-2024?

(NYSE: DVN) DEVON ENERGY's forecast annual earnings growth rate of 14.86% is not forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 19.84%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 15.78%.

DEVON ENERGY's earnings in 2022 is $3,589,000,000.On average, 9 Wall Street analysts forecast DVN's earnings for 2022 to be $5,603,400,000, with the lowest DVN earnings forecast at $5,035,800,000, and the highest DVN earnings forecast at $7,055,400,000. On average, 9 Wall Street analysts forecast DVN's earnings for 2023 to be $5,946,600,000, with the lowest DVN earnings forecast at $4,606,800,000, and the highest DVN earnings forecast at $9,332,400,000.

In 2024, DVN is forecast to generate $5,068,800,000 in earnings, with the lowest earnings forecast at $3,993,000,000 and the highest earnings forecast at $6,864,000,000.

What is DVN's revenue growth forecast for 2022-2024?

(NYSE: DVN) DEVON ENERGY's forecast annual revenue growth rate of 6.74% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 8.97%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.2%.

DEVON ENERGY's revenue in 2022 is $13,968,000,000.On average, 5 Wall Street analysts forecast DVN's revenue for 2022 to be $11,799,989,520,000, with the lowest DVN revenue forecast at $11,420,791,800,000, and the highest DVN revenue forecast at $12,837,660,000,000. On average, 5 Wall Street analysts forecast DVN's revenue for 2023 to be $11,747,502,360,000, with the lowest DVN revenue forecast at $11,268,054,600,000, and the highest DVN revenue forecast at $11,997,737,400,000.

In 2024, DVN is forecast to generate $11,051,779,200,000 in revenue, with the lowest revenue forecast at $10,716,208,800,000 and the highest revenue forecast at $11,462,880,000,000.

What is DVN's forecast return on assets (ROA) for 2022-2025?

(NYSE: DVN) forecast ROA is 16%, which is higher than the forecast US Oil & Gas E&P industry average of 6.81%.

What is DVN's Price Target?

According to 10 Wall Street analysts that have issued a 1 year DVN price target, the average DVN price target is $69.00, with the highest DVN stock price forecast at $90.00 and the lowest DVN stock price forecast at $37.00.

On average, Wall Street analysts predict that DEVON ENERGY's share price could fall to $69.00 by May 9, 2023. The average DEVON ENERGY stock price prediction forecasts a potential downside of 1.32% from the current DVN share price of $69.92.

What is DVN's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: DVN) DEVON ENERGY's current Earnings Per Share (EPS) is $5.35. On average, analysts forecast that DVN's EPS will be $8.49 for 2022, with the lowest EPS forecast at $7.63, and the highest EPS forecast at $10.69. On average, analysts forecast that DVN's EPS will be $9.01 for 2023, with the lowest EPS forecast at $6.98, and the highest EPS forecast at $14.14. In 2024, DVN's EPS is forecast to hit $7.68 (min: $6.05, max: $10.40).

What is DVN's forecast return on equity (ROE) for 2022-2025?

(NYSE: DVN) forecast ROE is 37.47%, which is considered strong.
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