Devon Energy Corporation (DVN)
NYSE: DVN · Real-Time Price · USD
30.47
-0.64 (-2.06%)
May 30, 2025, 3:15 PM - Market open
Devon Energy Stock Forecast
Stock Price Forecast
According to 20 professional analysts, the 12-month price target for Devon Energy stock ranges from a low of $35 to a high of $53. The average analyst price target of $43.45 forecasts a 42.60% increase in the stock price over the next year.
Price Target: $43.45 (+42.60%)
Analyst Consensus: Buy
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 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 4 | 3 | 4 |
| Buy | 8 | 10 | 10 | 10 | 10 | 10 |
| Hold | 10 | 7 | 7 | 7 | 7 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 21 | 21 | 21 | 21 | 20 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $42 → $44 | Buy | Maintains | $42 → $44 | +44.40% | May 23, 2025 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $38 → $43 | Strong Buy | Maintains | $38 → $43 | +41.12% | May 15, 2025 |
| Wells Fargo | Wells Fargo | Buy Maintains $44 → $46 | Buy | Maintains | $44 → $46 | +50.97% | May 14, 2025 |
| Piper Sandler | Piper Sandler | Buy Maintains $56 → $53 | Buy | Maintains | $56 → $53 | +73.94% | May 13, 2025 |
| Mizuho | Mizuho | Buy Maintains $46 → $43 | Buy | Maintains | $46 → $43 | +41.12% | May 13, 2025 |
Financial Forecast
Revenue This Year
16.68B
from 15.17B
Increased by 9.93%
Revenue Next Year
16.63B
from 16.68B
Decreased by -0.27%
EPS This Year
4.02
from 4.56
Decreased by -11.87%
EPS Next Year
4.24
from 4.02
Increased by 5.40%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 18.5B | 19.1B | 20.8B |
| Avg | 16.7B | 16.6B | 17.1B |
| Low | 14.9B | 14.0B | 13.6B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 22.0% | 14.4% | 25.3% |
| Avg | 9.9% | -0.3% | 3.0% |
| Low | -1.6% | -16.2% | -18.2% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 6.03 | 6.67 | 7.90 | ||
| Avg | 4.02 | 4.24 | 5.06 | ||
| Low | 2.71 | 2.59 | 2.40 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 32.3% | 65.9% | 86.4% | ||
| Avg | -11.9% | 5.4% | 19.6% | ||
| Low | -40.5% | -35.6% | -43.3% |
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.