Devon Energy Corporation (DVN)
NYSE: DVN · IEX Real-Time Price · USD
47.74
-0.72 (-1.49%)
At close: Jul 19, 2024, 4:00 PM
47.56
-0.18 (-0.38%)
Pre-market: Jul 22, 2024, 7:17 AM EDT
Devon Energy Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Devon Energy stock have an average target of 59.25, with a low estimate of 43 and a high estimate of 66. The average target predicts an increase of 24.11% from the current stock price of 47.74.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Devon Energy stock from 17 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 5 | 5 | 7 | 7 | 7 | 7 |
| Hold | 5 | 5 | 5 | 4 | 4 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 17 | 16 | 16 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Jul 18, 2024 |
| Bernstein | Bernstein | Hold Maintains $48 → $43 | Hold | Maintains | $48 → $43 | -9.93% | Jul 17, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $67 → $60 | Buy | Maintains | $67 → $60 | +25.68% | Jul 12, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $65 | Buy | Maintains | $65 | +36.15% | Jul 9, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $67 → $64 | Strong Buy | Maintains | $67 → $64 | +34.06% | Jul 9, 2024 |
Financial Forecast
Revenue This Year
15.39B
from 15.26B
Increased by 0.86%
Revenue Next Year
16.10B
from 15.39B
Increased by 4.59%
EPS This Year
5.38
from 5.84
Decreased by -7.82%
EPS Next Year
5.77
from 5.38
Increased by 7.21%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.4B | 17.8B | 18.3B |
| Avg | 15.4B | 16.1B | 16.2B |
| Low | 14.4B | 14.5B | 14.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.4% | 15.9% | 13.7% |
| Avg | 0.9% | 4.6% | 0.7% |
| Low | -5.6% | -5.8% | -11.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.70 | 7.57 | 8.20 | 5.29 | 5.13 |
| Avg | 5.38 | 5.77 | 5.68 | 4.83 | 4.86 |
| Low | 4.14 | 4.60 | 3.63 | 4.44 | 4.65 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 31.8% | 40.6% | 42.1% | -6.8% | 6.2% |
| Avg | -7.8% | 7.2% | -1.6% | -14.9% | 0.6% |
| Low | -29.2% | -14.6% | -37.2% | -21.8% | -3.9% |
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.