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Devon Energy (DVN) Stock Forecast & Price Target

Devon Energy logo
$32.84 +0.06 (+0.18%)
Closing price 07/18/2025 03:59 PM Eastern
Extended Trading
$33.01 +0.17 (+0.52%)
As of 04:01 AM Eastern
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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
10
Buy
15

Based on 25 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 25 analysts, 10 have given a hold rating, and 15 have given a buy rating for DVN.

Consensus Price Target

$43.67
32.97% Upside
According to the 25 analysts' twelve-month price targets for Devon Energy, the average price target is $43.67. The highest price target for DVN is $58.00, while the lowest price target for DVN is $33.00. The average price target represents a forecasted upside of 32.97% from the current price of $32.84.
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DVN Analyst Ratings Over Time

TypeCurrent Forecast
7/21/24 to 7/21/25
1 Month Ago
6/21/24 to 6/21/25
3 Months Ago
4/22/24 to 4/22/25
1 Year Ago
7/22/23 to 7/21/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
15 Buy rating(s)
14 Buy rating(s)
14 Buy rating(s)
13 Buy rating(s)
Hold
10 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$43.67$43.48$45.96$59.25
Forecasted Upside32.97% Upside26.93% Upside47.44% Upside24.11% 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
2.60
2.66
2.53
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside32.97% Upside52.34% Upside11.45% Upside
News Sentiment Rating
Positive News

See Recent DVN News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2025Piper Sandler
2 of 5 stars
Mark Lear
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Reiterated RatingOverweight ➝ Overweight$53.00 ➝ $58.00+82.60%
7/15/2025Morgan Stanley
3 of 5 stars
 Reiterated RatingOverweight ➝ Overweight$44.00 ➝ $46.00+41.16%
7/14/2025BMO Capital Markets
4 of 5 stars
 Boost TargetOutperform$48.00 ➝ $51.00+56.51%
7/14/2025Jefferies Financial Group
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 Boost TargetHold$31.00 ➝ $33.00+1.27%
7/11/2025Scotiabank
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 Reiterated RatingOutperform ➝ Outperform
7/11/2025UBS Group
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Josh Silverstein
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Boost TargetNeutral ➝ Neutral$35.00 ➝ $37.00+8.37%
7/8/2025JPMorgan Chase & Co.
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 Boost TargetNeutral$40.00 ➝ $42.00+20.34%
7/7/2025Bernstein Bank
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 Lower TargetOutperform$45.00 ➝ $43.00+31.42%
7/3/2025Wells Fargo & Company
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 Boost TargetOverweight$41.00 ➝ $42.00+26.51%
7/3/2025Tudor, Pickering, Holt & Co.
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 Boost Target$42.00 ➝ $44.00+32.53%
6/23/2025Wolfe Research
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 Boost TargetOutperform$47.00 ➝ $49.00+49.21%
6/23/2025Siebert Williams Shank
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 Boost TargetBuy$47.00 ➝ $52.00+58.34%
5/15/2025The Goldman Sachs Group
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Neil Mehta
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Boost TargetBuy ➝ Buy$38.00 ➝ $43.00+28.73%
5/13/2025Mizuho
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Nitin Kumar
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Lower TargetOutperform ➝ Outperform$46.00 ➝ $43.00+26.86%
5/7/2025Barclays
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Betty Jiang
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Boost TargetEqual Weight ➝ Equal Weight$38.00 ➝ $40.00+30.28%
4/29/2025Bank of America
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Noah Hungness
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Lower TargetBuy ➝ Buy$52.00 ➝ $42.00+34.29%
4/22/2025Susquehanna
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Biju Perincheril
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Lower TargetPositive ➝ Positive$52.00 ➝ $41.00+31.02%
4/21/2025Raymond James Financial
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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%
4/4/2025Citigroup
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Scott Gruber
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Lower TargetBuy ➝ Buy$46.00 ➝ $43.00+43.56%
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%
11/5/2024TD Cowen
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 Lower TargetHold ➝ Hold$54.00 ➝ $46.00+17.02%
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:02 AM 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 Friday, July 11, 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 $32.72, which may present a buying opportunity for investors looking for value in the energy sector.
  • Devon Energy Co. has a strong market presence, operating in key oil and gas regions, which supports its revenue generation capabilities.
  • The company reported a year-over-year revenue increase of approximately 23.8%, indicating robust growth potential.
  • With a dividend yield of about 2.93%, Devon Energy Co. offers a steady income stream for investors, reflecting its commitment to returning value to shareholders.
  • The stock has received a consensus rating of "Moderate Buy" from analysts, suggesting positive sentiment and 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:

  • The company recently missed earnings expectations, reporting $1.21 EPS compared to the consensus estimate of $1.27, which may raise concerns about its profitability.
  • Devon Energy Co. has a relatively high price-to-earnings (P/E) ratio of around 7.45, which could indicate that the stock is overvalued compared to its earnings.
  • Market volatility in the energy sector can impact stock performance, and Devon Energy Co. is not immune to fluctuations in oil and gas prices.
  • The company's debt-to-equity ratio of 0.57 suggests a moderate level of debt, which could pose risks if market conditions worsen.
  • Analysts have varied opinions on the stock, with some recent price target reductions indicating uncertainty about its future performance.

DVN Forecast - Frequently Asked Questions

According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Devon Energy is $43.67, with a high forecast of $58.00 and a low forecast of $33.00.

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 10 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DVN shares.

According to analysts, Devon Energy's stock has a predicted upside of 32.97% based on their 12-month stock forecasts.

Analysts like Devon Energy less than other "energy" companies. The consensus rating score for Devon Energy is 2.60 while the average consensus rating score for "energy" companies is 2.66. Learn more on how DVN compares to other companies.


This page (NYSE:DVN) was last updated on 7/21/2025 by MarketBeat.com Staff
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