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Devon Energy (DVN) Stock Forecast & Price Target

Devon Energy logo
$30.43 -0.87 (-2.78%)
As of 03:59 PM Eastern

Devon Energy - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
9
Buy
13

Based on 22 Wall Street analysts who have issued ratings for Devon Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 22 analysts, 9 have given a hold rating, and 13 have given a buy rating for DVN.

Consensus Price Target

$43.87
44.17% Upside
According to the 22 analysts' twelve-month price targets for Devon Energy, the average price target is $43.87. The highest price target for DVN is $54.00, while the lowest price target for DVN is $35.00. The average price target represents a forecasted upside of 44.17% from the current price of $30.43.
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DVN Analyst Ratings Over Time

TypeCurrent Forecast
4/30/24 to 4/30/25
1 Month Ago
3/31/24 to 3/31/25
3 Months Ago
1/31/24 to 1/30/25
1 Year Ago
5/1/23 to 4/30/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
13 Buy rating(s)
14 Buy rating(s)
14 Buy rating(s)
13 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
8 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$43.87$48.29$49.45$58.33
Forecasted Upside44.17% Upside28.90% Upside41.12% Upside13.98% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

DVN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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DVN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Devon Energy Stock vs. The Competition

TypeDevon EnergyEnergy CompaniesS&P 500
Consensus Rating Score
2.59
2.70
2.54
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside40.16% Upside885.84% Upside20.03% Upside
News Sentiment Rating
Positive News

See Recent DVN News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/29/2025Bank of America
3 of 5 stars
Noah Hungness
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Lower TargetBuy ➝ Buy$52.00 ➝ $42.00+34.29%
4/23/2025Barclays
3 of 5 stars
Betty Jiang
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Lower TargetEqual Weight ➝ Equal Weight$44.00 ➝ $38.00+22.26%
4/22/2025Susquehanna
2 of 5 stars
Biju Perincheril
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Lower TargetPositive ➝ Positive$52.00 ➝ $41.00+31.02%
4/22/2025Piper Sandler
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Mark Lear
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Lower TargetOverweight ➝ Overweight$55.00 ➝ $54.00+71.84%
4/21/2025Raymond James
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 Set Target$40.00+28.33%
4/14/2025Royal Bank of Canada
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Scott Hanold
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Lower TargetSector Perform ➝ Sector Perform$49.00 ➝ $40.00+40.06%
4/14/2025Wells Fargo & Company
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Roger Read
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Lower TargetOverweight ➝ Overweight$46.00 ➝ $44.00+53.88%
4/11/2025Scotiabank
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Paul Cheng
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Lower TargetSector Outperform ➝ Sector Outperform$45.00 ➝ $35.00+24.00%
4/9/2025Mizuho
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Nitin Kumar
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Lower TargetOutperform ➝ Outperform$49.00 ➝ $46.00+71.57%
4/7/2025UBS Group
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Josh Silverstein
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Lower TargetNeutral ➝ Neutral$41.00 ➝ $35.00+23.25%
4/4/2025Citigroup
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Scott Gruber
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Lower TargetBuy ➝ Buy$46.00 ➝ $43.00+43.56%
3/26/2025Morgan Stanley
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Devin McDermott
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Set TargetOverweight ➝ Overweight$51.00 ➝ $47.00+24.94%
3/13/2025JPMorgan Chase & Co.
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Arun Jayaram
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Lower TargetNeutral ➝ Neutral$48.00 ➝ $42.00+24.94%
3/5/2025Williams Trading
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 Set Target$50.00+46.31%
2/20/2025Truist Financial
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N. Dingmann
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Boost TargetHold ➝ Hold$42.00 ➝ $44.00+15.05%
2/20/2025Benchmark
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S. Chandra
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Reiterated RatingBuy ➝ Buy$44.00 ➝ $44.00+17.08%
2/18/2025Cowen
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 DowngradeHold$46.00 ➝ $45.00+27.64%
1/15/2025Sanford C. Bernstein
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Bob Brackett
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UpgradeMarket Perform ➝ Outperform$45.00 ➝ $45.00+20.90%
1/3/2025Wolfe Research
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D. Leggate
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UpgradePeer Perform ➝ Outperform$45.00+34.73%
11/5/2024TD Cowen
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 Lower TargetHold ➝ Hold$54.00 ➝ $46.00+17.02%
10/4/2024BMO Capital Markets
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P. Jungwirth
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Lower TargetOutperform ➝ Outperform$52.00 ➝ $48.00+13.29%
10/3/2024Jefferies Financial Group
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 Initiated CoverageHold$45.00+11.11%
9/30/2024Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$55.00 ➝ $50.00+27.88%
4/23/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$65.00 ➝ $66.00+25.48%
11/9/2023Pickering Energy Partners
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 UpgradeNeutral ➝ Outperform
6/13/2023The Goldman Sachs Group
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 UpgradeNeutral ➝ Buy$63.00 ➝ $58.00+17.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:37 PM ET.


Should I Buy Devon Energy Stock? DVN Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, April 29, 2025. Please send any questions or comments about these Devon Energy pros and cons to contact@marketbeat.com.

Devon Energy
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Devon Energy Co.:

  • The current stock price is around $31.55, which may present a buying opportunity for investors looking for value in the energy sector.
  • Devon Energy Co. recently reported strong earnings, with earnings per share exceeding analysts' expectations, indicating robust financial performance.
  • The company has a solid dividend yield of approximately 3.06%, providing a steady income stream for investors.
  • Institutional ownership is high, with about 69.72% of the stock held by institutional investors, suggesting confidence in the company's future prospects.
  • Analysts have a consensus rating of "Moderate Buy" with an average target price of $44.83, indicating potential for price appreciation.

Devon Energy
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Devon Energy Co. for these reasons:

  • Recent price target reductions by several analysts, including a cut from $45.00 to $35.00, may indicate concerns about future performance.
  • The company has a relatively high debt-to-equity ratio of 0.57, which could pose risks in a volatile market environment.
  • Market fluctuations in the energy sector can significantly impact stock performance, making it a potentially risky investment.
  • Despite recent positive earnings, the company's revenue growth may be challenged by fluctuating oil and gas prices.
  • Some analysts have downgraded their ratings, which could lead to decreased investor confidence and stock price volatility.

DVN Forecast - Frequently Asked Questions

According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Devon Energy is $43.87, with a high forecast of $54.00 and a low forecast of $35.00.

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 9 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DVN shares.

According to analysts, Devon Energy's stock has a predicted upside of 44.17% based on their 12-month stock forecasts.

Over the previous 90 days, Devon Energy's stock had 2 downgrades by analysts.

Analysts like Devon Energy less than other "energy" companies. The consensus rating score for Devon Energy is 2.59 while the average consensus rating score for "energy" companies is 2.69. Learn more on how DVN compares to other companies.


This page (NYSE:DVN) was last updated on 4/30/2025 by MarketBeat.com Staff
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