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Devon Energy (DVN) Stock Forecast, Price Target & Predictions

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DVN Stock Forecast

Devon Energy (DVN) stock forecast, based on 63 Wall Street analysts, predicts a 12-month average price target of $43.20, with a high of $46.00 and a low of $41.00. This represents a 11.83% increase from the last price of $38.63.

$30 $35 $40 $45 $50 $55 High: $46 Avg: $43.2 Low: $41 Last Closed Price: $38.63

DVN Stock Rating

Devon Energy stock's rating consensus is Buy, based on 63 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 43 Buy (68.25%), 20 Hold (31.75%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 63 0 20 43 Strong Sell Sell Hold Buy Strong Buy

DVN Price Target Upside V Benchmarks

TypeNameUpside
StockDevon Energy11.83%
SectorEnergy Stocks 13.79%
IndustryOil & Gas Exploration & Production Stocks23.86%

Price Target Trends

1M3M12M
# Anlaysts5919
Avg Price Target$43.20$43.89$44.26
Last Closing Price$38.63$38.63$38.63
Upside/Downside11.83%13.62%14.57%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 267177--31
Dec, 256169--31
Nov, 256169--31
Oct, 256159--30
Sep, 256159--30
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 26, 2026Charles MinervinoSusquehanna$45.00$38.5416.76%16.49%
Jan 23, 2026Devin McDermottMorgan Stanley$46.00$38.9917.98%19.08%
Jan 21, 2026Barclays$42.00$38.0310.44%8.72%
Jan 15, 2026Paul ChengScotiabank$41.00$36.3212.89%6.14%
Jan 05, 2026Bernstein$42.00$38.0110.50%8.72%
Dec 12, 2025Nitin KumarMizuho Securities$43.00$37.5514.51%11.31%
Dec 12, 2025Josh SilversteinUBS$46.00$37.5522.50%19.08%
Dec 11, 2025Morgan Stanley$48.00$38.0226.25%24.26%
Nov 12, 2025Susquehanna$42.00$35.1619.45%8.72%
Oct 20, 2025Susquehanna$41.00$31.7429.17%6.14%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jan 27, 2026Wells FargoOverweightOverweighthold
Jan 26, 2026SusquehannaPositivePositivehold
Jan 23, 2026Morgan StanleyOverweightOverweighthold
Jan 16, 2026BenchmarkBuyBuyhold
Jan 15, 2026ScotiabankOutperformSector Performdowngrade
Jan 15, 2026RBC CapitalSector PerformSector Performhold
Dec 31, 2025Roth CapitalBuyBuyhold
Dec 17, 2025CitigroupBuyBuyhold
Dec 12, 2025UBSUnderperformBuyupgrade
Dec 11, 2025Morgan StanleyOverweightOverweighthold

Financial Forecast

EPS Forecast

$3 $4 $5 $6 $7 $8 $9 $10 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$4.20$9.15$5.86$4.58----
Avg Forecast$3.39$8.55$5.66$4.71$4.76$5.07$5.48$4.63
High Forecast$3.53$8.78$5.71$4.80$6.39$7.60$5.57$4.85
Low Forecast$3.23$8.29$5.62$4.62$3.84$3.24$5.39$4.40
Surprise %23.89%7.02%3.53%-2.76%----

Revenue Forecast

$12B $13B $15B $17B $18B $20B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$12.21B$19.17B$15.14B$15.94B----
Avg Forecast$12.01B$19.35B$14.89B$15.53B$16.92B$17.26B$17.36B$16.17B
High Forecast$12.40B$19.76B$15.07B$15.61B$17.63B$17.48B$17.97B$16.74B
Low Forecast$11.58B$18.91B$14.76B$15.42B$16.44B$17.04B$16.68B$15.54B
Surprise %1.65%-0.96%1.68%2.62%----

Net Income Forecast

$2B $3B $4B $5B $6B $7B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.81B$6.01B$3.75B$2.89B----
Avg Forecast$2.33B$4.96B$3.75B$3.02B$2.96B$3.13B$3.52B$2.97B
High Forecast$2.80B$5.96B$4.50B$3.08B$4.10B$4.88B$3.57B$3.11B
Low Forecast$1.87B$3.97B$3.00B$2.96B$2.46B$2.08B$3.46B$2.82B
Surprise %20.63%21.20%--4.34%----

DVN Forecast FAQ

Is Devon Energy stock a buy?

Devon Energy stock has a consensus rating of Buy, based on 63 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 43 Buy, 20 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Devon Energy is a favorable investment for most analysts.

What is Devon Energy's price target?

Devon Energy's price target, set by 63 Wall Street analysts, averages $43.2 over the next 12 months. The price target range spans from $41 at the low end to $46 at the high end, suggesting a potential 11.83% change from the previous closing price of $38.63.

How does Devon Energy stock forecast compare to its benchmarks?

Devon Energy's stock forecast shows a 11.83% upside, underperforming the average forecast for the energy stocks sector (13.79%) and underperforming the oil & gas exploration & production stocks industry (23.86%).

What is the breakdown of analyst ratings for Devon Energy over the past three months?

  • January 2026: 22.58% Strong Buy, 54.84% Buy, 22.58% Hold, 0% Sell, 0% Strong Sell.
  • December 2025: 19.35% Strong Buy, 51.61% Buy, 29.03% Hold, 0% Sell, 0% Strong Sell.
  • November 2025: 19.35% Strong Buy, 51.61% Buy, 29.03% Hold, 0% Sell, 0% Strong Sell.

What is Devon Energy’s EPS forecast?

Devon Energy's average annual EPS forecast for its fiscal year ending in December 2025 is $4.76, marking a 3.93% increase from the reported $4.58 in 2024. Estimates for the following years are $5.07 in 2026, $5.48 in 2027, and $4.63 in 2028.

What is Devon Energy’s revenue forecast?

Devon Energy's average annual revenue forecast for its fiscal year ending in December 2025 is $16.92B, reflecting a 6.16% increase from the reported $15.94B in 2024. The forecast for 2026 is $17.26B, followed by $17.36B for 2027, and $16.17B for 2028.

What is Devon Energy’s net income forecast?

Devon Energy's net income forecast for the fiscal year ending in December 2025 stands at $2.96B, representing an 2.40% increase from the reported $2.89B in 2024. Projections indicate $3.13B in 2026, $3.52B in 2027, and $2.97B in 2028.