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NYSE: DVN
Devon Energy Corp Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsRevenueDividendOwnership

Analyst price target for DVN

Based on 18 analysts offering 12 month price targets for Devon Energy Corp.
Min Forecast
$43.00+1.37%
Avg Forecast
$53.89+27.04%
Max Forecast
$66.00+55.59%

Should I buy or sell DVN stock?

Based on 18 analysts offering ratings for Devon Energy Corp.
Strong Buy
Strong Buy
10 analysts 55.56%
Buy
2 analysts 11.11%
Hold
6 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their DVN stock forecasts and price targets.

DVN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-10-04
lockedlocked$00.00+00.00%2024-10-03
lockedlocked$00.00+00.00%2024-10-03
lockedlocked$00.00+00.00%2024-10-01
lockedlocked$00.00+00.00%2024-09-30
Truist Securities
Top 1%
100
Strong BuyMaintains$49.00+15.51%2024-09-30
UBS
Top 23%
78
HoldMaintains$47.00+10.80%2024-09-18
Morgan Stanley
Top 3%
98
Strong BuyMaintains$51.00+20.23%2024-09-16
JP Morgan
Top 15%
86
Strong BuyMaintains$51.00+20.23%2024-09-12
Susquehanna
Bottom 3%
3
Strong BuyMaintains$63.00+48.51%2024-09-04

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Forecast return on equity

Is DVN forecast to generate an efficient return?
Company
N/A
Industry
9.79%
Market
49.24%

Forecast return on assets

Is DVN forecast to generate an efficient return on assets?
Company
N/A
Industry
5.54%

DVN earnings per share forecast

What is DVN's earnings per share in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$5.00-9.75%
Avg 2 year Forecast
$5.39-2.65%
Avg 3 year Forecast
$5.26-5.02%
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 6 analysts?
Avg 1 year Forecast
$15.5B-0.16%
Avg 2 year Forecast
$16.8B+8.52%
Avg 3 year Forecast
$17.0B+9.85%
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
-0.89%
Industry
12.87%
Market
18.7%
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
3.63%
Industry
4.54%
Market
9.63%
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$42.42$53.89+27.04%Strong Buy
TPL$981.37$917.00-6.56%Buy
WDS$18.25N/AN/A
FANG$194.61$217.11+11.56%Strong Buy
CTRA$24.87$31.46+26.51%Strong Buy
View Top Oil and Gas Stocks

Devon Energy Stock Forecast FAQ

Is Devon Energy Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 18 Wall Street analysts covering (NYSE: DVN) stock is to Strong Buy DVN stock.

Out of 18 analysts, 10 (55.56%) are recommending DVN as a Strong Buy, 2 (11.11%) are recommending DVN as a Buy, 6 (33.33%) are recommending DVN as a Hold, 0 (0%) are recommending DVN as a Sell, and 0 (0%) are recommending DVN as a Strong Sell.

If you're new to stock investing, here's how to buy Devon Energy stock.

What is DVN's earnings growth forecast for 2024-2026?

(NYSE: DVN) Devon Energy's forecast annual earnings growth rate of -0.89% is not forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 12.87%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.7%.

Devon Energy's earnings in 2024 is $3,502,000,000.On average, 10 Wall Street analysts forecast DVN's earnings for 2024 to be $3,131,000,000, with the lowest DVN earnings forecast at $2,630,040,000, and the highest DVN earnings forecast at $3,475,410,000. On average, 10 Wall Street analysts forecast DVN's earnings for 2025 to be $3,377,096,600, with the lowest DVN earnings forecast at $2,341,988,000, and the highest DVN earnings forecast at $3,976,370,000.

In 2026, DVN is forecast to generate $3,294,876,540 in earnings, with the lowest earnings forecast at $2,310,678,000 and the highest earnings forecast at $4,283,208,000.

What is DVN's revenue growth forecast for 2024-2026?

(NYSE: DVN) Devon Energy's forecast annual revenue growth rate of 3.63% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 4.54%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.63%.

Devon Energy's revenue in 2024 is $15,494,000,000.On average, 6 Wall Street analysts forecast DVN's revenue for 2024 to be $9,687,195,022,000, with the lowest DVN revenue forecast at $9,404,021,120,000, and the highest DVN revenue forecast at $10,042,225,374,000. On average, 6 Wall Street analysts forecast DVN's revenue for 2025 to be $10,529,310,660,600, with the lowest DVN revenue forecast at $10,024,528,962,000, and the highest DVN revenue forecast at $10,951,054,482,000.

In 2026, DVN is forecast to generate $10,658,242,109,600 in revenue, with the lowest revenue forecast at $9,978,089,970,000 and the highest revenue forecast at $11,480,750,800,000.

What is DVN's forecast return on assets (ROA) for 2024-2027?

(NYSE: DVN) forecast ROA is N/A, which is lower than the forecast US Oil & Gas E&P industry average of 5.54%.

What is DVN's Price Target?

According to 18 Wall Street analysts that have issued a 1 year DVN price target, the average DVN price target is $53.89, with the highest DVN stock price forecast at $66.00 and the lowest DVN stock price forecast at $43.00.

On average, Wall Street analysts predict that Devon Energy's share price could reach $53.89 by Oct 4, 2025. The average Devon Energy stock price prediction forecasts a potential upside of 27.04% from the current DVN share price of $42.42.

What is DVN's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: DVN) Devon Energy's current Earnings Per Share (EPS) is $5.54. On average, analysts forecast that DVN's EPS will be $5.00 for 2024, with the lowest EPS forecast at $4.20, and the highest EPS forecast at $5.55. On average, analysts forecast that DVN's EPS will be $5.39 for 2025, with the lowest EPS forecast at $3.74, and the highest EPS forecast at $6.35. In 2026, DVN's EPS is forecast to hit $5.26 (min: $3.69, max: $6.84).

What is DVN's forecast return on equity (ROE) for 2024-2027?

(NYSE: DVN) forecast ROE is N/A, which is considered weak.
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