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
Target Low Average Median High
Price $48 $56.21 $58 $65
Change -4.34% +12.02% +15.58% +29.53%

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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 865555
Buy 225555
Hold 776555
Sell 000000
Strong Sell 000000
Total 171516151515

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
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
6.22B4.83B12.21B19.17B15.26B15.05B15.54B15.86B--
Revenue Growth
-30.08%-22.38%152.82%57.05%-20.40%-1.38%3.26%2.07%--
EPS
-0.89-7.124.199.125.845.325.656.045.636.72
EPS Growth
---117.66%-35.96%-8.86%6.10%6.98%-6.80%19.28%
No. Analysts -----2923832
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
5.8%
16.7%
16.3%
Avg
-1.4%
3.3%
2.1%
Low
-8.2%
-8.2%
-10.5%

EPS Forecast

EPS 20242025202620272028
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 20242025202620272028
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.