Devon Energy Corporation (DVN)
NYSE: DVN · Real-Time Price · USD
47.36
+0.25 (0.53%)
May 22, 2026, 12:12 PM EDT - Market open
Devon Energy Stock Forecast
Stock Price Forecast
According to 26 analysts polled by S&P Global, Devon Energy stock has a consensus rating of "Strong Buy" and an average price target of $60.56. The average 1-year stock price forecast is 27.87% higher than the current stock price, while the lowest is $44 (-7.09%) and the highest is $72 (+52.03%).
Price Target: $60.56 (+27.87%)
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Devon Energy stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 5 | 6 | 6 | 4 |
| 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 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $60 → $65 | Strong Buy | Maintains | $60 → $65 | +37.25% | May 20, 2026 |
| Wells Fargo | Wells Fargo | Buy Maintains $66 → $68 | Buy | Maintains | $66 → $68 | +43.58% | May 18, 2026 |
| Scotiabank | Scotiabank | Hold Maintains $41 → $46 | Hold | Maintains | $41 → $46 | -2.87% | Apr 22, 2026 |
| UBS | UBS | Strong Buy Maintains $61 → $60 | Strong Buy | Maintains | $61 → $60 | +26.69% | Apr 14, 2026 |
| Citigroup | Citigroup | Strong Buy Maintains $44 → $60 | Strong Buy | Maintains | $44 → $60 | +26.69% | Mar 30, 2026 |
Financial Forecast
Revenue This Year
22.14B
from 16.04B
Increased by 38.05%
Revenue Next Year
25.18B
from 22.14B
Increased by 13.74%
EPS This Year
5.48
from 4.17
Increased by 31.53%
EPS Next Year
5.28
from 5.48
Decreased by -3.70%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 32.8B | 39.0B | |||
| Avg | 22.1B | 25.2B | |||
| Low | 11.2B | 14.8B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 104.4% | 76.2% | |||
| Avg | 38.0% | 13.7% | |||
| Low | -30.3% | -33.3% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 8.11 | 8.35 | |||
| Avg | 5.48 | 5.28 | |||
| Low | 3.40 | 2.45 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 94.4% | 52.2% | |||
| Avg | 31.5% | -3.7% | |||
| Low | -18.5% | -55.3% |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.