Devon Energy Corporation (DVN)
NYSE: DVN · Real-Time Price · USD
37.95
-0.47 (-1.22%)
Jan 17, 2025, 4:00 PM EST - Market closed
Devon Energy Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Devon Energy stock have an average target of 50.05, with a low estimate of 42 and a high estimate of 66. The average target predicts an increase of 31.88% from the current stock price of 37.95.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Devon Energy stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 4 | 3 | 3 | 4 |
| Buy | 7 | 7 | 9 | 9 | 8 | 10 |
| Hold | 5 | 6 | 8 | 9 | 10 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 18 | 21 | 21 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Bernstein | Bernstein | Hold → Buy Upgrades $45 | Hold → Buy | Upgrades | $45 | +18.58% | Jan 15, 2025 |
| Benchmark | Benchmark | Hold → Strong Buy Upgrades $44 | Hold → Strong Buy | Upgrades | $44 | +15.94% | Jan 14, 2025 |
| Truist Securities | Truist Securities | Hold Maintains $43 → $42 | Hold | Maintains | $43 → $42 | +10.67% | Jan 13, 2025 |
| RBC Capital | RBC Capital | Hold Reiterates $50 | Hold | Reiterates | $50 | +31.75% | Jan 10, 2025 |
| Wolfe Research | Wolfe Research | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Jan 3, 2025 |
Financial Forecast
Revenue This Year
15.88B
from 14.43B
Increased by 10.05%
Revenue Next Year
17.13B
from 15.88B
Increased by 7.89%
EPS This Year
4.82
from 5.84
Decreased by -17.49%
EPS Next Year
4.68
from 4.82
Decreased by -2.84%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.7B | 18.9B | 19.2B |
| Avg | 15.9B | 17.1B | 17.8B |
| Low | 15.3B | 15.7B | 16.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.8% | 19.2% | 11.9% |
| Avg | 10.1% | 7.9% | 3.7% |
| Low | 6.0% | -1.3% | -4.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 6.49 | 6.53 | 7.05 | |||
| Avg | 4.82 | 4.68 | 5.27 | |||
| Low | 4.23 | 3.23 | 3.46 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 11.1% | 35.5% | 50.5% | |||
| Avg | -17.5% | -2.8% | 12.6% | |||
| Low | -27.5% | -33.0% | -26.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.