Devon Energy Corporation (DVN)

Devon Energy Stock Forecast

Stock Price Forecast

The 19 analysts that cover Devon Energy stock have a consensus rating of "Buy" and an average price target of $50.58, which forecasts a 10.78% increase in the stock price over the next year. The lowest target is $37 and the highest is $67.

Price Target: $50.58 (+10.78%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$37	$50.58	$50	$67
Change	-18.97%	+10.78%	+9.51%	+46.74%

Analyst Ratings

The average analyst rating for Devon Energy stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	6	6	5	6	6	5
Buy	12	10	11	11	11	11
Hold	3	4	3	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	21	20	19	21	21	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Betty Zhang Scotiabank	Scotiabank	Hold Maintains $41 → $46	Hold	Maintains	$41 → $46	+0.74%	Apr 22, 2026
Josh Silverstein UBS	UBS	Strong Buy Maintains $61 → $60	Strong Buy	Maintains	$61 → $60	+31.41%	Apr 14, 2026
Scott Gruber Citigroup	Citigroup	Strong Buy Maintains $44 → $60	Strong Buy	Maintains	$44 → $60	+31.41%	Mar 30, 2026
Devin McDermott Morgan Stanley	Morgan Stanley	Buy Maintains $46 → $59	Buy	Maintains	$46 → $59	+29.22%	Mar 27, 2026
Gabe Daoud Truist Securities	Truist Securities	Hold → Strong Buy Initiates $63	Hold → Strong Buy	Initiates	$63	+37.98%	Mar 24, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

21.52B

Increased by 34.20%

from 16.04B

Revenue Next Year

23.03B

Increased by 7.01%

from 21.52B

EPS This Year

5.44

Increased by 30.48%

from 4.17

EPS Next Year

5.34

Decreased by -1.85%

from 5.44

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	13.75B	19.83B	15.14B	15.17B	16.04B	21.52B	23.03B
Revenue Growth	194.24%	44.20%	-23.64%	0.21%	5.72%	34.20%	7.01%
EPS	4.19	9.12	5.84	4.56	4.17	5.44	5.34
EPS Growth	-	117.66%	-35.97%	-21.92%	-8.55%	30.48%	-1.85%
Forward PE	-	-	-	-	-	8.39	8.55
No. Analysts	-	-	-	-	-	30	28

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	32.8B	35.0B
Avg	21.5B	23.0B
Low	15.1B	14.7B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	104.4%	62.7%
Avg	34.2%	7.0%
Low	-5.6%	-31.6%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	7.61	7.52
Avg	5.44	5.34
Low	3.53	3.33

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	82.6%	38.2%
Avg	30.5%	-1.8%
Low	-15.4%	-38.8%

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 sources.