Devon Energy Corporation (DVN)

Devon Energy Stock Forecast

Stock Price Forecast

The 20 analysts with 12-month price forecasts for Devon Energy stock have an average target of 48.65, with a low estimate of 42 and a high estimate of 66. The average target predicts an increase of 32.34% from the current stock price of 36.76.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$42	$48.65	$47	$66
Change	+14.25%	+32.34%	+27.86%	+79.54%

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	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	4	3	3	4	4	4
Buy	9	9	8	10	10	10
Hold	8	9	10	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	21	21	21	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Devin McDermott Morgan Stanley	Morgan Stanley	Buy Maintains $51 → $47	Buy	Maintains	$51 → $47	+27.86%	Mar 27, 2025
Scott Gruber Citigroup	Citigroup	Strong Buy Maintains $48 → $46	Strong Buy	Maintains	$48 → $46	+25.14%	Mar 17, 2025
Arun Jayaram JP Morgan	JP Morgan	Hold Maintains $48 → $42	Hold	Maintains	$48 → $42	+14.25%	Mar 13, 2025
John Freeman Raymond James	Raymond James	Buy Maintains $54 → $46	Buy	Maintains	$54 → $46	+25.14%	Mar 10, 2025
Mark Lear Piper Sandler	Piper Sandler	Buy Maintains $54 → $55	Buy	Maintains	$54 → $55	+49.62%	Feb 24, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

17.52B

Increased by 15.46%

from 15.17B

Revenue Next Year

17.78B

Increased by 1.50%

from 17.52B

EPS This Year

4.81

Increased by 5.40%

from 4.56

EPS Next Year

5.20

Increased by 8.12%

from 4.81

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	17.52B	17.78B	16.62B
Revenue Growth	-29.98%	194.24%	44.20%	-27.24%	5.16%	15.46%	1.50%	-6.50%
EPS	-7.12	4.19	9.12	5.84	4.56	4.81	5.20	4.97
EPS Growth	-	-	117.66%	-35.97%	-21.92%	5.40%	8.12%	-4.29%
Forward PE	-	-	-	-	-	7.65	7.07	7.39
No. Analysts	-	-	-	-	-	32	27	12

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

Revenue Forecast

Revenue	2025	2026	2027
High	18.8B	19.6B	17.9B
Avg	17.5B	17.8B	16.6B
Low	16.1B	16.4B	15.5B

Revenue Growth

Revenue Growth	2025	2026	2027
High	23.9%	11.9%	0.8%
Avg	15.5%	1.5%	-6.5%
Low	6.3%	-6.3%	-12.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	6.24	7.89	6.53
Avg	4.81	5.20	4.97
Low	3.82	3.50	3.40

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	36.8%	64.1%	25.7%
Avg	5.4%	8.1%	-4.3%
Low	-16.2%	-27.2%	-34.6%

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.