WallStreetZenWallStreetZen

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

OverviewForecast
EarningsDividendOwnership

Analyst price target for DVN

Based on 18 analysts offering 12 month price targets for Devon Energy Corp.
Min Forecast
$61.00+1.43%
Avg Forecast
$81.17+34.96%
Max Forecast
$115.00+91.22%

Should I buy or sell DVN stock?

Based on 19 analysts offering ratings for Devon Energy Corp.
Buy
Strong Buy
8 analysts 42.11%
Buy
1 analysts 5.26%
Hold
10 analysts 52.63%
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
Raymond James
Top 1%
100
Strong BuyMaintains$80.00+33.02%2023-01-26
Wells Fargo
Top 4%
97
HoldInitiates Coverage On$70.00+16.40%2023-01-25Find out why
Morgan Stanley
Top 1%
100
HoldMaintains$61.00+1.43%2023-01-24
Barclays
Top 23%
78
HoldMaintains$82.00+36.35%2023-01-23
Piper Sandler
Top 9%
92
Strong BuyMaintains$96.00+59.63%2023-01-13
Mizuho
Top 1%
100
Strong BuyAssumes$82.00+36.35%2023-01-10
Argus Research
Top 13%
88
Strong BuyMaintains$90.00+49.65%2022-11-17Find out why
Mizuho
Top 6%
95
Strong BuyMaintains$86.00+43.00%2022-10-24
Goldman Sachs
Top 10%
91
HoldMaintains$73.00+21.38%2022-10-19
Jefferies
Top 1%
100
HoldInitiates Coverage On$75.00+24.71%2022-10-19Find out why

1 of 2

Forecast return on equity

Is DVN forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
13.26%

Forecast return on assets

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

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
$10.03+4.92%
Avg 2 year Forecast
$8.21-14.12%
Avg 3 year Forecast
$5.28-44.77%
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
$19.0B-0.49%
Avg 2 year Forecast
$17.6B-8.25%
Avg 3 year Forecast
$8.4B-56.1%
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
-14.84%
Industry
-15.05%
Market
21.89%
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
-14.55%
Industry
-11.85%
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$60.14$81.17+34.96%Buy
HES$137.30$159.33+16.05%Buy
WDS$25.06N/AN/AStrong Buy
PXD$218.40$272.20+24.63%Buy
FANG$137.12$180.88+31.92%Strong Buy
View Top Oil and Gas Stocks

Devon Energy Stock Forecast FAQ

Is Devon Energy Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 19 Wall Street analysts covering (NYSE: DVN) stock is to Buy DVN stock.

Out of 19 analysts, 8 (42.11%) are recommending DVN as a Strong Buy, 1 (5.26%) are recommending DVN as a Buy, 10 (52.63%) 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 2023-2025?

(NYSE: DVN) Devon Energy's forecast annual earnings growth rate of -14.84% is forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of -15.05%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 21.89%.

Devon Energy's earnings in 2023 is $6,320,000,000.On average, 9 Wall Street analysts forecast DVN's earnings for 2023 to be $6,556,611,000, with the lowest DVN earnings forecast at $5,020,416,000, and the highest DVN earnings forecast at $10,321,923,000. On average, 6 Wall Street analysts forecast DVN's earnings for 2024 to be $5,366,877,000, with the lowest DVN earnings forecast at $4,353,642,000, and the highest DVN earnings forecast at $7,726,734,000.

In 2025, DVN is forecast to generate $3,451,536,000 in earnings, with the lowest earnings forecast at $3,451,536,000 and the highest earnings forecast at $3,451,536,000.

What is DVN's revenue growth forecast for 2023-2025?

(NYSE: DVN) Devon Energy's forecast annual revenue growth rate of -14.55% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of -11.85%, 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 2023 is $19,143,000,000.On average, 6 Wall Street analysts forecast DVN's revenue for 2023 to be $12,452,835,956,400, with the lowest DVN revenue forecast at $11,238,410,400,000, and the highest DVN revenue forecast at $14,210,784,300,000. On average, 4 Wall Street analysts forecast DVN's revenue for 2024 to be $11,481,180,198,600, with the lowest DVN revenue forecast at $10,994,580,300,000, and the highest DVN revenue forecast at $12,253,573,815,000.

In 2025, DVN is forecast to generate $5,493,041,100,000 in revenue, with the lowest revenue forecast at $5,493,041,100,000 and the highest revenue forecast at $5,493,041,100,000.

What is DVN's forecast return on assets (ROA) for 2023-2026?

(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 18 Wall Street analysts that have issued a 1 year DVN price target, the average DVN price target is $81.17, with the highest DVN stock price forecast at $115.00 and the lowest DVN stock price forecast at $61.00.

On average, Wall Street analysts predict that Devon Energy's share price could reach $81.17 by Jan 26, 2024. The average Devon Energy stock price prediction forecasts a potential upside of 34.96% from the current DVN share price of $60.14.

What is DVN's Earnings Per Share (EPS) forecast for 2023-2025?

(NYSE: DVN) Devon Energy's current Earnings Per Share (EPS) is $9.56. On average, analysts forecast that DVN's EPS will be $10.03 for 2023, with the lowest EPS forecast at $7.68, and the highest EPS forecast at $15.79. On average, analysts forecast that DVN's EPS will be $8.21 for 2024, with the lowest EPS forecast at $6.66, and the highest EPS forecast at $11.82. In 2025, DVN's EPS is forecast to hit $5.28 (min: $5.28, max: $5.28).

What is DVN's forecast return on equity (ROE) for 2023-2026?

(NYSE: DVN) forecast ROE is N/A, which is considered weak.
©2023 WallStreetZen
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTube
Stock Tools
Top Performing AnalystsStock ScreenerStock ForecastTrending StocksStrong Buy StocksHighest Earnings StocksBest Dividend Paying StocksStatisticsStock Market SectorsStock Market IndustriesHow to Buy Stocks Online
Stock Ideas
Buy The DipBiggest Stock Gainers TodayBiggest Stock Losers Today52 Week High Stocks52 Week Low StocksMost Active Stocks TodayMost Undervalued StocksBest Penny Stocks to Buy NowBest Stocks Under $5Best Stocks Under $10
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.