Devon Energy Stock Forecast

Stock Price Forecast

The 20 analysts that cover Devon Energy stock have a consensus rating of "Buy" and an average price target of $49.6, which forecasts a 0.22% increase in the stock price over the next year. The lowest target is $37 and the highest is $67.

Price Target: $49.6 (+0.22%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$37	$49.6	$50	$67
Change	-25.24%	+0.22%	+1.03%	+35.38%

Analyst Ratings

The average analyst rating for Devon Energy stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	5	6	6	5	6	6
Buy	11	12	10	11	11	11
Hold	5	3	4	3	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	21	21	20	19	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Scott Gruber Citigroup	Citigroup	Strong Buy Maintains $44 → $60	Strong Buy	Maintains	$44 → $60	+21.24%	Mar 30, 2026
Devin McDermott Morgan Stanley	Morgan Stanley	Buy Maintains $46 → $59	Buy	Maintains	$46 → $59	+19.22%	Mar 27, 2026
Gabe Daoud Truist Securities	Truist Securities	Hold → Strong Buy Initiates $63	Hold → Strong Buy	Initiates	$63	+27.30%	Mar 24, 2026
Nitin Kumar Mizuho	Mizuho	Buy Maintains $51 → $62	Buy	Maintains	$51 → $62	+25.28%	Mar 17, 2026
Robert Hodges TD Cowen	TD Cowen	Hold Maintains $46 → $50	Hold	Maintains	$46 → $50	+1.03%	Mar 17, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

18.34B

from 16.04B

14.33%

from 16.04B

Revenue Next Year

18.53B

from 18.34B

1.07%

from 18.34B

EPS This Year

3.20

from 4.17

-23.22%

from 4.17

EPS Next Year

3.89

from 3.20

21.45%

from 3.20

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	13.75B	19.83B	15.14B	15.17B	16.04B	18.34B	18.53B
Revenue Growth	194.24%	44.20%	-23.64%	0.21%	5.72%	14.33%	1.07%
EPS	4.19	9.12	5.84	4.56	4.17	3.20	3.89
EPS Growth	-	117.66%	-35.97%	-21.92%	-8.55%	-23.22%	21.45%
Forward PE	-	-	-	-	-	15.46	12.73
No. Analysts	-	-	-	-	-	30	26

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

Revenue Forecast

Revenue	2026	2027
High	23.6B	27.0B
Avg	18.3B	18.5B
Low	15.1B	14.8B

Revenue Growth

Revenue Growth	2026	2027
High	47.1%	47.3%
Avg	14.3%	1.1%
Low	-5.6%	-19.2%

EPS Forecast

EPS	2026	2027
High	4.33	5.43
Avg	3.20	3.89
Low	2.16	2.70

EPS Growth

EPS Growth	2026	2027
High	3.7%	69.5%
Avg	-23.2%	21.5%
Low	-48.3%	-15.8%

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.