Devon Energy Corporation (DVN)
NYSE: DVN · Real-Time Price · USD
48.61
-0.11 (-0.23%)
At close: Sep 18, 2026, 4:00 PM EDT
48.60
-0.01 (-0.03%)
After-hours: Sep 18, 2026, 7:59 PM EDT

Devon Energy Stock Forecast

Stock Price Forecast

According to 29 analysts polled by S&P Global, Devon Energy stock has a consensus rating of "Strong Buy" and an average price target of $60.07. The average 1-year stock price forecast is 23.58% higher than the current stock price, while the lowest is $44 (-9.48%) and the highest is $68 (+39.89%).

Price Target: $60.07 (+23.58%)
Analyst Consensus: Strong Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$44$60.07$60.5$68
Change-9.48%+23.58%+24.46%+39.89%

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

Chart
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy181921212123
Buy334433
Hold542233
Sell000000
Strong Sell000000
Total262627272729

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Raymond James
Raymond James
Buy
Maintains
$64$67
BuyMaintains$64$67+37.83%Sep 14, 2026
UBS
UBS
Buy
Maintains
$55$63
BuyMaintains$55$63+29.60%Sep 14, 2026
Barclays
Barclays
Buy
Maintains
$58
BuyMaintains$58+19.32%Sep 10, 2026
Stifel Nicolaus
Stifel Nicolaus
Buy
Initiates
$61
BuyInitiates$61+25.49%Sep 9, 2026
Unknown Analyst
Seaport Global
No rating
Seaport Global
Buy
Initiates
$65
BuyInitiates$65+33.72%Sep 3, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
25.20B
from 16.04B
Increased by 57.12%
Revenue Next Year
26.33B
from 25.20B
Increased by 4.47%
EPS This Year
5.37
from 3.92
Increased by 37.07%
EPS Next Year
5.36
from 5.37
Decreased by -0.23%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
13.75B19.83B15.14B15.17B16.04B25.20B
Revenue Growth
194.24%44.20%-23.64%0.21%5.72%57.12%
Operating Income
3.32B8.04B4.90B4.09B3.83B6.80B
Net Income
2.81B6.02B3.75B2.89B2.64B5.08B
EPS
----3.925.37
EPS Growth
-----18.67%37.07%
Forward PE
8.437.027.367.599.519.05
Dividend / Share
1.975.172.871.450.961.11
Dividend Growth
369.05%162.44%-44.49%-49.48%-33.79%15.72%
Free Cash Flow
----3.12B6.72B
No. Analysts
-----7
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High27.2B
Avg25.2B
Low22.3B

Revenue Growth

Revenue Growth202620272028
High
69.6%
Avg
57.1%
Low
39.1%

EPS Forecast

EPS202620272028
High6.89
Avg5.37
Low4.13

EPS Growth

EPS Growth202620272028
High
75.8%
Avg
37.1%
Low
5.4%