Devon Energy Corporation (DVN)
NYSE: DVN · Real-Time Price · USD
42.21
-0.67 (-1.56%)
At close: Nov 6, 2026, 4:00 PM EST
42.55
+0.34 (0.81%)
After-hours: Nov 6, 2026, 7:59 PM EST

Devon Energy Stock Forecast

Stock Price Forecast

According to 27 analysts polled by S&P Global, Devon Energy stock has a consensus rating of "Strong Buy" and an average price target of $61.52. The average 1-year stock price forecast is 45.75% higher than the current stock price, while the lowest is $48 (+13.72%) and the highest is $71 (+68.21%).

Price Target: $61.52 (+45.75%)
Analyst Consensus: Strong Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$48$61.52$62$71
Change+13.72%+45.75%+46.88%+68.21%

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
RatingJun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Strong Buy212121232221
Buy443355
Hold223311
Sell000000
Strong Sell000000
Total272727292827

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Stifel Nicolaus
Stifel Nicolaus
Buy
Maintains
$61
BuyMaintains$61+44.52%Nov 6, 2026
Goldman Sachs
Goldman Sachs
Buy
Maintains
$55 → $59
BuyMaintains$55 → $59+39.78%Nov 6, 2026
Scotiabank
Scotiabank
Buy
Maintains
$61
BuyMaintains$61+44.52%Nov 6, 2026
Siebert Williams Shank & Co
Siebert Williams Shank & Co
Buy
Maintains
$71
BuyMaintains$71+68.21%Nov 6, 2026
Barclays
Barclays
Buy
Maintains
$60 → $57
BuyMaintains$60 → $57+35.04%Nov 6, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
25.63B
from 16.04B
Increased by 59.83%
Revenue Next Year
25.99B
from 25.63B
Increased by 1.37%
EPS This Year
5.32
from 3.92
Increased by 35.84%
EPS Next Year
5.35
from 5.32
Increased by 0.40%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
13.75B19.83B15.14B15.17B16.04B25.63B
Revenue Growth
194.24%44.20%-23.64%0.21%5.72%59.83%
Operating Income
3.32B8.04B4.90B4.09B3.83B6.91B
Net Income
2.81B6.02B3.75B2.89B2.64B4.85B
EPS
----3.925.32
EPS Growth
-----18.67%35.84%
Forward PE
8.437.027.367.599.517.93
Dividend / Share
1.975.172.871.450.961.22
Dividend Growth
369.05%162.44%-44.49%-49.48%-33.79%26.74%
Free Cash Flow
----3.12B6.89B
No. Analysts
-----2
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High27.2B
Avg25.6B
Low24.1B

Revenue Growth

Revenue Growth202620272028
High
69.6%
Avg
59.8%
Low
50.1%

EPS Forecast

EPS202620272028
High5.77
Avg5.32
Low3.94

EPS Growth

EPS Growth202620272028
High
47.2%
Avg
35.8%
Low
0.5%