Devon Energy Corporation (DVN)
NYSE: DVN · Real-Time Price · USD
37.49
-1.06 (-2.75%)
At close: Feb 21, 2025, 4:00 PM
37.50
+0.01 (0.03%)
After-hours: Feb 21, 2025, 7:58 PM EST
Devon Energy Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Devon Energy stock have an average target of 49.68, with a low estimate of 43 and a high estimate of 66. The average target predicts an increase of 32.52% from the current stock price of 37.49.
Analyst Consensus: Buy
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 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 4 | 3 | 3 | 4 | 4 |
| Buy | 7 | 9 | 9 | 8 | 10 | 10 |
| Hold | 6 | 8 | 9 | 10 | 7 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 21 | 21 | 21 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Buy Maintains $50 → $52 | Buy | Maintains | $50 → $52 | +38.70% | Feb 20, 2025 |
| Truist Securities | Truist Securities | Hold Maintains $42 → $44 | Hold | Maintains | $42 → $44 | +17.36% | Feb 20, 2025 |
| Benchmark | Benchmark | Strong Buy Reiterates $44 | Strong Buy | Reiterates | $44 | +17.36% | Feb 20, 2025 |
| Barclays | Barclays | Hold Maintains $43 → $44 | Hold | Maintains | $43 → $44 | +17.36% | Feb 20, 2025 |
| Piper Sandler | Piper Sandler | Buy Maintains $53 → $54 | Buy | Maintains | $53 → $54 | +44.04% | Jan 29, 2025 |
Financial Forecast
Revenue This Year
15.88B
from 14.43B
Increased by 10.07%
Revenue Next Year
17.21B
from 15.88B
Increased by 8.37%
EPS This Year
4.83
from 5.84
Decreased by -17.36%
EPS Next Year
4.85
from 4.83
Increased by 0.49%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.7B | 18.9B | 19.2B |
| Avg | 15.9B | 17.2B | 17.7B |
| Low | 15.1B | 15.6B | 16.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.8% | 19.3% | 11.5% |
| Avg | 10.1% | 8.4% | 2.7% |
| Low | 4.9% | -1.5% | -5.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 6.47 | 6.84 | 8.07 | |||
| Avg | 4.83 | 4.85 | 5.34 | |||
| Low | 4.46 | 3.23 | 3.21 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 10.8% | 41.6% | 66.5% | |||
| Avg | -17.4% | 0.5% | 10.2% | |||
| Low | -23.6% | -33.0% | -33.7% |
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.