Devon Energy Corporation (DVN)
NYSE: DVN · Real-Time Price · USD
30.77
+0.25 (0.82%)
At close: Dec 20, 2024, 4:00 PM
30.93
+0.16 (0.52%)
After-hours: Dec 20, 2024, 7:58 PM EST
Devon Energy Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Devon Energy stock have an average target of 50.72, with a low estimate of 43 and a high estimate of 66. The average target predicts an increase of 64.84% from the current stock price of 30.77.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 4 | 3 | 3 |
| Buy | 7 | 7 | 7 | 9 | 9 | 8 |
| Hold | 5 | 5 | 6 | 8 | 9 | 10 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 17 | 18 | 21 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $57 → $53 | Buy | Maintains | $57 → $53 | +72.25% | Dec 17, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $49 → $43 | Buy | Maintains | $49 → $43 | +39.75% | Dec 17, 2024 |
| Mizuho | Mizuho | Buy Maintains $51 → $47 | Buy | Maintains | $51 → $47 | +52.75% | Dec 16, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Dec 4, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $55 → $48 | Strong Buy | Maintains | $55 → $48 | +56.00% | Nov 26, 2024 |
Financial Forecast
Revenue This Year
15.84B
from 14.43B
Increased by 9.80%
Revenue Next Year
17.16B
from 15.84B
Increased by 8.31%
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 | 15.8B | 17.2B | 17.7B |
| Low | 14.9B | 15.9B | 16.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.8% | 19.4% | 11.7% |
| Avg | 9.8% | 8.3% | 3.4% |
| Low | 3.3% | 0.1% | -4.4% |
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.