Devon Energy Stock Forecast

Stock Price Forecast

The 20 analysts with 12-month price forecasts for Devon Energy stock have an average target of 46.75, with a low estimate of 35 and a high estimate of 66. The average target predicts an increase of 54.29% from the current stock price of 30.30.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$35	$46.75	$45	$66
Change	+15.51%	+54.29%	+48.51%	+117.82%

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	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	3	3	4	4	4	4
Buy	9	8	10	10	10	10
Hold	9	10	7	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	21	21	21	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Scott Hanold RBC Capital	RBC Capital	Hold Maintains $49 → $40	Hold	Maintains	$49 → $40	+32.01%	Apr 14, 2025
Roger Read Wells Fargo	Wells Fargo	Buy Maintains $46 → $44	Buy	Maintains	$46 → $44	+45.21%	Apr 14, 2025
Paul Cheng Scotiabank	Scotiabank	Buy Maintains $45 → $35	Buy	Maintains	$45 → $35	+15.51%	Apr 11, 2025
Nitin Kumar Mizuho	Mizuho	Buy Maintains $49 → $46	Buy	Maintains	$49 → $46	+51.82%	Apr 9, 2025
Josh Silverstein UBS	UBS	Hold Maintains $41 → $35	Hold	Maintains	$41 → $35	+15.51%	Apr 7, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

17.30B

from 15.17B

14.02%

from 15.17B

Revenue Next Year

17.42B

from 17.30B

0.68%

from 17.30B

EPS This Year

4.81

from 4.56

5.40%

from 4.56

EPS Next Year

5.20

from 4.81

8.12%

from 4.81

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	4.67B	13.75B	19.83B	14.43B	15.17B	17.30B	17.42B	16.63B
Revenue Growth	-29.98%	194.24%	44.20%	-27.24%	5.16%	14.02%	0.68%	-4.52%
EPS	-7.12	4.19	9.12	5.84	4.56	4.81	5.20	4.97
EPS Growth	-	-	117.66%	-35.97%	-21.92%	5.40%	8.12%	-4.29%
Forward PE	-	-	-	-	-	6.30	5.83	6.09
No. Analysts	-	-	-	-	-	32	27	12

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

Revenue Forecast

Revenue	2025	2026	2027
High	18.7B	19.4B	18.8B
Avg	17.3B	17.4B	16.6B
Low	16.1B	15.5B	14.1B

Revenue Growth

Revenue Growth	2025	2026	2027
High	23.4%	12.1%	8.2%
Avg	14.0%	0.7%	-4.5%
Low	5.9%	-10.2%	-18.8%

EPS Forecast

EPS	2025	2026	2027
High	6.24	7.89	6.53
Avg	4.81	5.20	4.97
Low	3.82	3.50	3.40

EPS Growth

EPS Growth	2025	2026	2027
High	36.8%	64.1%	25.7%
Avg	5.4%	8.1%	-4.3%
Low	-16.2%	-27.2%	-34.6%

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.