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

Analyst price target for DVN

Based on 12 analysts offering 12 month price targets for Devon Energy Corp.
Min Forecast
$48.00+8.94%
Avg Forecast
$56.83+28.99%
Max Forecast
$75.00+70.22%

Should I buy or sell DVN stock?

Based on 12 analysts offering ratings for Devon Energy Corp.
Strong Buy
Strong Buy
8 analysts 66.67%
Buy
1 analysts 8.33%
Hold
3 analysts 25%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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DVN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-01-24
lockedlocked$00.00+00.00%2024-01-24Find Out Why
lockedlocked$00.00+00.00%2024-01-23
lockedlocked$00.00+00.00%2024-01-11Find Out Why
lockedlocked$00.00+00.00%2023-12-14
Morgan Stanley
Top 3%
98
Strong BuyUpgrades$52.00+18.02%2023-12-11Find out why
JP Morgan
Top 14%
87
Strong BuyUpgrades$58.00+31.64%2023-12-06Find out why
Wells Fargo
Top 4%
97
HoldMaintains$48.00+8.94%2023-11-22
RBC Capital
Top 6%
95
HoldMaintains$55.00+24.83%2023-11-15
Truist Securities
Top 2%
99
Strong BuyMaintains$65.00+47.53%2023-11-09

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Forecast return on equity

Is DVN forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
35.47%

Forecast return on assets

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

DVN revenue forecast

What is DVN's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$14.9B-2.04%
Avg 2 year Forecast
$15.3B+0.31%
Avg 3 year Forecast
$17.5B+14.43%
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
25.76%
Industry
27.66%
Market
22.38%
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
2.6%
Industry
5.47%
Market
10.79%
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$44.06$56.83+28.99%Strong Buy
FANG$182.52$187.27+2.60%Strong Buy
CTRA$25.78$33.30+29.17%Strong Buy
WDS$19.72N/AN/A
EQT$37.15$43.75+17.77%Strong Buy

Devon Energy Stock Forecast FAQ

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

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

Out of 12 analysts, 8 (66.67%) are recommending DVN as a Strong Buy, 1 (8.33%) are recommending DVN as a Buy, 3 (25%) 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 revenue growth forecast for 2024-2026?

(NYSE: DVN) Devon Energy's forecast annual revenue growth rate of 2.6% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 5.47%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.79%.

Devon Energy's revenue in 2024 is $15,258,000,000.On average, 6 Wall Street analysts forecast DVN's revenue for 2024 to be $9,490,908,755,000, with the lowest DVN revenue forecast at $9,294,221,950,000, and the highest DVN revenue forecast at $9,770,745,000,000. On average, 6 Wall Street analysts forecast DVN's revenue for 2025 to be $9,719,177,920,000, with the lowest DVN revenue forecast at $9,193,587,150,000, and the highest DVN revenue forecast at $10,763,885,000,000.

In 2026, DVN is forecast to generate $11,086,465,000,000 in revenue, with the lowest revenue forecast at $11,086,465,000,000 and the highest revenue forecast at $11,086,465,000,000.

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 N/A.

What is DVN's Price Target?

According to 12 Wall Street analysts that have issued a 1 year DVN price target, the average DVN price target is $56.83, with the highest DVN stock price forecast at $75.00 and the lowest DVN stock price forecast at $48.00.

On average, Wall Street analysts predict that Devon Energy's share price could reach $56.83 by Jan 24, 2025. The average Devon Energy stock price prediction forecasts a potential upside of 28.99% from the current DVN share price of $44.06.

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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