Devon Energy Corporation (DVN)

Devon Energy Stock Forecast

Stock Price Forecast

The 19 analysts that cover Devon Energy stock have a consensus rating of "Buy" and an average price target of $44.26, which forecasts a -0.90% decrease in the stock price over the next year. The lowest target is $37 and the highest is $55.

Price Target: $44.26 (-0.90%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$37	$44.26	$44	$55
Change	-17.15%	-0.90%	-1.48%	+23.15%

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	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	4	5	5	6	6	6
Buy	11	11	11	12	10	11
Hold	6	5	5	3	4	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	21	21	21	21	20	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Betty Jiang Barclays	Barclays	Hold → Buy Upgrades $42 → $50	Hold → Buy	Upgrades	$42 → $50	+11.96%	Feb 4, 2026
Biju Perincheril Susquehanna	Susquehanna	Buy Maintains $45 → $47	Buy	Maintains	$45 → $47	+5.24%	Feb 3, 2026
Paul Cheng Scotiabank	Scotiabank	Hold Maintains $41 → $45	Hold	Maintains	$41 → $45	+0.76%	Feb 3, 2026
Hanwen Chang Wells Fargo	Wells Fargo	Buy Maintains $37 → $43	Buy	Maintains	$37 → $43	-3.72%	Jan 27, 2026
Biju Perincheril Susquehanna	Susquehanna	Buy Maintains $42 → $45	Buy	Maintains	$42 → $45	+0.76%	Jan 26, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

17.15B

Increased by 13.04%

from 15.17B

Revenue Next Year

16.18B

Decreased by -5.66%

from 17.15B

EPS This Year

3.98

Decreased by -12.64%

from 4.56

EPS Next Year

3.50

Decreased by -12.02%

from 3.98

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	4.67B	13.75B	19.83B	14.43B	15.17B	17.15B	16.18B
Revenue Growth	-29.98%	194.24%	44.20%	-27.24%	5.16%	13.04%	-5.66%
EPS	-7.12	4.19	9.12	5.84	4.56	3.98	3.50
EPS Growth	-	-	117.66%	-35.97%	-21.92%	-12.64%	-12.02%
Forward PE	-	-	-	-	-	11.21	12.74
No. Analysts	-	-	-	-	-	30	30

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	18.1B	18.4B
Avg	17.2B	16.2B
Low	16.4B	14.5B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	19.6%	7.2%
Avg	13.0%	-5.7%
Low	7.9%	-15.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029	2030
High	4.40	4.70
Avg	3.98	3.50
Low	3.77	2.16

EPS Growth

EPS Growth	2025	2026	2027	2028	2029	2030
High	-3.5%	18.1%
Avg	-12.6%	-12.0%
Low	-17.3%	-45.9%

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.