Devon Energy Corporation (DVN)
NYSE: DVN · Real-Time Price · USD
38.30
+0.39 (1.03%)
At close: Nov 20, 2024, 4:00 PM
38.61
+0.31 (0.81%)
Pre-market: Nov 21, 2024, 7:39 AM EST
Devon Energy Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Devon Energy stock have an average target of 52.21, with a low estimate of 43 and a high estimate of 66. The average target predicts an increase of 36.32% from the current stock price of 38.30.
Analyst Consensus: Buy
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 4 | 3 |
| Buy | 7 | 7 | 7 | 7 | 9 | 9 |
| Hold | 4 | 5 | 5 | 6 | 8 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 17 | 17 | 18 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $56 → $57 | Buy | Maintains | $56 → $57 | +48.83% | Nov 18, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $50 → $49 | Buy | Maintains | $50 → $49 | +27.94% | Nov 7, 2024 |
| Truist Securities | Truist Securities | Strong Buy → Hold Downgrades $49 → $43 | Strong Buy → Hold | Downgrades | $49 → $43 | +12.27% | Nov 7, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $63 → $62 | Buy | Maintains | $63 → $62 | +61.88% | Oct 18, 2024 |
| Benchmark | Benchmark | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Oct 15, 2024 |
Financial Forecast
Revenue This Year
15.66B
from 14.43B
Increased by 8.57%
Revenue Next Year
17.02B
from 15.66B
Increased by 8.62%
EPS This Year
4.96
from 5.84
Decreased by -15.01%
EPS Next Year
4.94
from 4.96
Decreased by -0.40%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.7B | 19.1B | 19.6B |
| Avg | 15.7B | 17.0B | 17.7B |
| Low | 14.4B | 15.3B | 16.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.8% | 22.1% | 15.1% |
| Avg | 8.6% | 8.6% | 4.0% |
| Low | -0.1% | -2.1% | -3.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.18 | 8.38 | 7.84 | ||
| Avg | 4.96 | 4.94 | 5.21 | ||
| Low | 4.23 | 3.19 | 3.46 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.9% | 68.8% | 58.7% | ||
| Avg | -15.0% | -0.4% | 5.3% | ||
| Low | -27.5% | -35.8% | -30.0% |
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.