Devon Energy Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Devon Energy stock have an average target of 43.84, with a low estimate of 35 and a high estimate of 56. The average target predicts an increase of 37.30% from the current stock price of 31.93.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$35	$43.84	$44	$56
Change	+9.61%	+37.30%	+37.80%	+75.38%

Analyst Ratings

The average analyst rating for Devon Energy stock from 20 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	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	3	4	4	4	3	3
Buy	8	10	10	10	10	10
Hold	10	7	7	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	21	21	21	21	20	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Betty Jiang Barclays	Barclays	Hold Maintains $38 → $40	Hold	Maintains	$38 → $40	+25.27%	May 7, 2025
Noah Hungness B of A Securities	B of A Securities	Strong Buy Maintains $52 → $42	Strong Buy	Maintains	$52 → $42	+31.54%	Apr 29, 2025
Betty Jiang Barclays	Barclays	Hold Maintains $44 → $38	Hold	Maintains	$44 → $38	+19.01%	Apr 23, 2025
Mark Lear Piper Sandler	Piper Sandler	Buy Maintains $54 → $56	Buy	Maintains	$54 → $56	+75.38%	Apr 23, 2025
Biju Perincheril Susquehanna	Susquehanna	Buy Maintains $52 → $41	Buy	Maintains	$52 → $41	+28.41%	Apr 22, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

16.96B

from 15.17B

11.77%

from 15.17B

Revenue Next Year

16.87B

from 16.96B

-0.51%

from 16.96B

EPS This Year

4.39

from 4.56

-3.78%

from 4.56

EPS Next Year

4.56

from 4.39

3.92%

from 4.39

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	4.67B	13.75B	19.83B	14.43B	15.17B	16.96B	16.87B	17.01B
Revenue Growth	-29.98%	194.24%	44.20%	-27.24%	5.16%	11.77%	-0.51%	0.82%
EPS	-7.12	4.19	9.12	5.84	4.56	4.39	4.56	5.08
EPS Growth	-	-	117.66%	-35.97%	-21.92%	-3.78%	3.92%	11.52%
Forward PE	-	-	-	-	-	7.28	7.00	6.28
No. Analysts	-	-	-	-	-	32	29	15

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

Revenue Forecast

Revenue	2025	2026	2027
High	18.7B	19.4B	20.8B
Avg	17.0B	16.9B	17.0B
Low	15.2B	13.6B	13.3B

Revenue Growth

Revenue Growth	2025	2026	2027
High	23.4%	14.4%	23.2%
Avg	11.8%	-0.5%	0.8%
Low	0.1%	-19.6%	-21.4%

EPS Forecast

EPS	2025	2026	2027
High	5.93	6.67	8.09
Avg	4.39	4.56	5.08
Low	2.81	2.63	2.64

EPS Growth

EPS Growth	2025	2026	2027
High	30.1%	52.0%	77.3%
Avg	-3.8%	3.9%	11.5%
Low	-38.3%	-40.1%	-42.2%

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.