Devon Energy Corporation (DVN)
NYSE: DVN · Real-Time Price · USD
50.92
+0.19 (0.37%)
At close: Oct 19, 2026, 4:00 PM EDT
50.90
-0.02 (-0.04%)
After-hours: Oct 19, 2026, 6:26 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 $60.93. The average 1-year stock price forecast is 19.66% higher than the current stock price, while the lowest is $44 (-13.59%) and the highest is $67 (+31.58%).

Price Target: $60.93 (+19.66%)
Analyst Consensus: Strong Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$44$60.93$62$67
Change-13.59%+19.66%+21.76%+31.58%

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
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy192121212322
Buy344335
Hold422332
Sell000000
Strong Sell000000
Total262727272929

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Siebert Williams Shank & Co
Siebert Williams Shank & Co
Buy
Maintains
$64 → $71
BuyMaintains$64 → $71+39.43%Oct 19, 2026
Mizuho Securities
Mizuho Securities
Buy
Maintains
$68 → $65
BuyMaintains$68 → $65+27.65%Oct 16, 2026
Morgan Stanley
Morgan Stanley
Buy
Reiterates
$65 → $63
BuyReiterates$65 → $63+23.72%Oct 15, 2026
Scotiabank
Scotiabank
Buy
Initiates
$61
BuyInitiates$61+19.80%Oct 14, 2026
Wells Fargo
Wells Fargo
Buy
Maintains
$64
BuyMaintains$64+25.69%Oct 14, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
25.49B
from 16.04B
Increased by 58.93%
Revenue Next Year
26.47B
from 25.49B
Increased by 3.86%
EPS This Year
5.45
from 3.92
Increased by 38.94%
EPS Next Year
5.36
from 5.45
Decreased by -1.64%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
13.75B19.83B15.14B15.17B16.04B25.49B
Revenue Growth
194.24%44.20%-23.64%0.21%5.72%58.93%
Operating Income
3.32B8.04B4.90B4.09B3.83B6.93B
Net Income
2.81B6.02B3.75B2.89B2.64B5.19B
EPS
----3.925.45
EPS Growth
-----18.67%38.94%
Forward PE
8.437.027.367.599.519.35
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
----3.12B6.92B
No. Analysts
-----7
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High27.8B
Avg25.5B
Low23.2B

Revenue Growth

Revenue Growth202620272028
High
73.5%
Avg
58.9%
Low
44.6%

EPS Forecast

EPS202620272028
High6.89
Avg5.45
Low4.46

EPS Growth

EPS Growth202620272028
High
75.8%
Avg
38.9%
Low
13.8%