Devon Energy Corporation (DVN)
NYSE: DVN · IEX Real-Time Price · USD
50.18
+0.72 (1.46%)
At close: Mar 28, 2024, 4:00 PM
49.95
-0.23 (-0.46%)
After-hours: Mar 28, 2024, 7:59 PM EDT
Devon Energy Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Devon Energy stock have an average target of 56.21, with a low estimate of 48 and a high estimate of 65. The average target predicts an increase of 12.02% from the current stock price of 50.18.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Devon Energy stock from 15 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 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 8 | 6 | 5 | 5 | 5 | 5 |
Buy | 2 | 2 | 5 | 5 | 5 | 5 |
Hold | 7 | 7 | 6 | 5 | 5 | 5 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 17 | 15 | 16 | 15 | 15 | 15 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Morgan Stanley | Morgan Stanley | Buy Maintains $48 → $49 | Buy | Maintains | $48 → $49 | -2.35% | Mar 28, 2024 |
Stifel | Stifel | Strong Buy Maintains $75 → $65 | Strong Buy | Maintains | $75 → $65 | +29.53% | Mar 22, 2024 |
Citigroup | Citigroup | Strong Buy Maintains $52 → $55 | Strong Buy | Maintains | $52 → $55 | +9.61% | Mar 18, 2024 |
RBC Capital | RBC Capital | Hold Reiterates $55 | Hold | Reiterates | $55 | +9.61% | Mar 7, 2024 |
Raymond James | Raymond James | Buy Maintains $53 → $52 | Buy | Maintains | $53 → $52 | +3.63% | Jan 24, 2024 |
Financial Forecast
Revenue This Year
15.05B
from 15.26B
Decreased by -1.38%
Revenue Next Year
15.54B
from 15.05B
Increased by 3.26%
EPS This Year
5.32
from 5.84
Decreased by -8.86%
EPS Next Year
5.65
from 5.32
Increased by 6.10%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
High | 16.1B | 17.6B | 18.1B |
Avg | 15.0B | 15.5B | 15.9B |
Low | 14.0B | 13.8B | 13.9B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 5.8% | 16.7% | 16.3% |
Avg | -1.4% | 3.3% | 2.1% |
Low | -8.2% | -8.2% | -10.5% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 7.70 | 7.71 | 8.19 | 6.30 | 6.98 |
Avg | 5.32 | 5.65 | 6.04 | 5.63 | 6.72 |
Low | 4.05 | 3.94 | 4.38 | 5.05 | 6.52 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 31.8% | 44.8% | 45.0% | 4.3% | 24.0% |
Avg | -8.9% | 6.1% | 7.0% | -6.8% | 19.3% |
Low | -30.7% | -26.0% | -22.4% | -16.5% | 15.7% |
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.