Devon Energy (DVN) Stock Forecast & Price Target

Q: What analysts cover Devon Energy?

Devon Energy has been rated by research analysts at Argus , Barclays , BMO Capital Markets , Citigroup , JPMorgan Chase & Co. , Mizuho , Morgan Stanley , Raymond James Financial , Scotiabank , Stifel Nicolaus , Susquehanna , Truist Financial , UBS Group , Weiss Ratings , and Wells Fargo & Company in the past 90 days.

$50.67 +1.43 (+2.91%)

Closing price 10/16/2026 03:59 PM Eastern

Extended Trading

$50.67 +0.00 (+0.00%)

As of 10/16/2026 07:59 PM Eastern

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Devon Energy - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 30 Analyst Ratings

Sell
0

Hold
3

Buy
27

Based on 30 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 30 analysts, 3 have given a hold rating, 25 have given a buy rating, and 2 have given a strong buy rating for DVN.

Consensus Price Target

$60.73
19.84% Upside

According to the 30 analysts' twelve-month price targets for Devon Energy, the average price target is $60.73. The highest price target for DVN is $67.00, while the lowest price target for DVN is $45.85. The average price target represents a forecasted upside of 19.84% from the current price of $50.67.

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.

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DVN Analyst Ratings Over Time

Type	Current Forecast 10/18/25 to 10/18/26	1 Month Ago 9/18/25 to 9/18/26	3 Months Ago 7/20/25 to 7/20/26	1 Year Ago 10/18/24 to 10/18/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	25 Buy rating(s)	23 Buy rating(s)	23 Buy rating(s)	16 Buy rating(s)
Hold	3 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$60.73	$59.76	$59.32	$43.04
Forecasted Upside	19.84% Upside	23.09% Upside	35.42% Upside	35.62% 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.

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.

Devon Energy Stock vs. The Competition

Type	Devon Energy	Energy Companies	Broader Market
Consensus Rating Score	2.97	2.45	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	19.84% Upside	48.47% Upside	18.02% Upside
News Sentiment Rating	Positive News See Recent DVN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/16/2026	Mizuho 3 of 5 stars	Nitin Kumar 5 of 5 stars	Lower Target	Outperform	$68.00 ➝ $65.00	+31.94%
10/15/2026	Morgan Stanley 3 of 5 stars	Devin McDermott 4 of 5 stars	Boost Target	Overweight	$63.00 ➝ $65.00	+32.79%
10/14/2026	Scotiabank 4 of 5 stars	Betty Zhang Not Rated	Initiated Coverage	Sector Perform ➝ Sector Outperform	$61.00	+22.08%
10/9/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Betty Jiang Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$58.00 ➝ $60.00	+22.68%
10/8/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold (C+) ➝ Buy (B-)
10/7/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Josh Silverstein Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$63.00 ➝ $65.00	+35.34%
10/7/2026	Truist Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Gabe Daoud Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$65.00 ➝ $61.00	+27.89%
10/6/2026	BMO Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings	Phillip Jungwirth Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Outperform	$67.00	+40.18%
10/2/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Arun Jayaram Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$60.00 ➝ $65.00	+36.96%
9/28/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Sam Margolin Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$65.00 ➝ $64.00	+35.88%
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9/14/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	John Freeman Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Strong-Buy	$64.00 ➝ $67.00	+31.10%
9/10/2026	Stifel Nicolaus Subscribe to MarketBeat All Access to unlock brokerage rankings	David Deckelbaum Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Buy	$61.00	+24.45%
8/31/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Scott Gruber Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$65.00 ➝ $67.00	+41.29%
8/17/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings	Bill Selesky Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$45.85	-1.43%
7/21/2026	Susquehanna Subscribe to MarketBeat All Access to unlock brokerage rankings	Biju Perincheril Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Positive	$57.00 ➝ $63.00	+43.83%
6/30/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Neil Mehta Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$54.00 ➝ $53.00	+25.60%
6/22/2026	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Doug Leggate Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target	Outperform	$67.00	+56.40%
6/10/2026	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	In-Line ➝ Outperform	$54.00	+22.73%
6/2/2026	Capital One Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Overweight	$63.00 ➝ $61.00	+32.09%
5/27/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Strong-Buy ➝ Hold
5/18/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$62.00 ➝ $63.00	+29.14%
4/28/2026	Roth Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy	$57.00	+15.23%
4/20/2026	Tudor Pickering Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Strong-Buy
4/13/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Outperform	$42.00 ➝ $59.00	+23.30%
4/8/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Sector Perform	$46.00 ➝ $59.00	+18.22%
3/17/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	Robert Hodges Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Hold	$46.00 ➝ $50.00	+6.37%
3/12/2026	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings	Mark Lear Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$59.00 ➝ $67.00	+45.32%
1/26/2026	Siebert Williams Shank Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$46.00 ➝ $50.00	+28.58%
1/16/2026	Benchmark Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy
12/5/2025	Johnson Rice Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Buy	$70.00 ➝ $62.00	+63.53%
8/25/2025	William Blair Subscribe to MarketBeat All Access to unlock brokerage rankings	Neal Dingmann Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Outperform
7/7/2025	Bernstein Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Outperform	$45.00 ➝ $43.00	+31.42%
4/29/2025	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Noah Hungness Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$52.00 ➝ $42.00	+34.29%
3/5/2025	Williams Trading Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$50.00	+46.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:56 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 Thursday, October 15, 2026. Please send any questions or comments about these Devon Energy pros and cons to contact@marketbeat.com.

Devon Energy
Bull Case

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

Devon Energy Co. recently agreed to sell its Eagle Ford assets to Crescent Energy for $4.2 billion in cash, a move that allows the company to streamline its portfolio and focus on its core high-margin operations while generating significant liquidity to support its balance sheet and shareholder returns.
The company demonstrated strong financial performance in its most recent quarter, reporting earnings per share of $1.57, which significantly exceeded the analyst consensus estimate of $1.40, while revenue surged 73.1% year-over-year to $7.42 billion, indicating robust operational efficiency and demand for its energy products.
With a current stock price of $49.27, Devon Energy Co. offers a compelling valuation with a P/E ratio of 11.17, which is attractive for value-oriented investors seeking exposure to the energy sector at a price point that reflects reasonable earnings multiples relative to its growth trajectory.
Institutional confidence in the stock is high, as evidenced by Viking Fund Management LLC increasing its stake by 76.7% in the third quarter, and the stock currently holds a consensus rating of Moderate Buy with a price target of $60.76, suggesting analysts see substantial upside potential from current levels.
Investors can benefit from a consistent income stream through the company's dividend, which currently offers a yield of 2.56% with a sustainable payout ratio of 30.40%, providing a cushion of regular cash returns while the company maintains a low debt-to-equity ratio of 0.24.

Devon Energy
Bear Case

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

Recent insider activity shows a trend of selling, with EVP Robert Ferrall Lowe III selling 6,756 shares and SVP Andrea Alexander selling 18,000 shares in recent months, which may signal that company executives are taking advantage of current price levels to reduce their personal exposure to the stock.
The company's liquidity position is somewhat constrained, with a current ratio of 0.72 and a quick ratio of 0.67, both of which are below 1.0, indicating that Devon Energy Co. may face challenges in covering its short-term liabilities with its most liquid assets if cash flow tightens unexpectedly.
Short interest in the stock has been fluctuating and remains a notable factor, with 28.4 million shares shorted as of the latest record date, representing a short percentage of float that suggests a portion of the market is actively betting against the stock's price appreciation.
Despite recent earnings beats, the stock has experienced periods of underperformance relative to the broader market, as noted in recent trading sessions where Devon Energy Co. dropped despite general market gains, highlighting potential volatility and sensitivity to sector-specific headwinds.
The company's beta of 0.49 indicates lower volatility than the market, but this also means that in a strong bull market, Devon Energy Co. may lag behind higher-beta peers, potentially limiting upside participation for investors seeking aggressive growth during market rallies.

DVN Forecast - Frequently Asked Questions

According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Devon Energy is $60.73, with a high forecast of $67.00 and a low forecast of $45.85.

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 3 hold ratings, 25 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DVN shares.

According to analysts, Devon Energy's stock has a predicted upside of 19.84% based on their 12-month stock forecasts.

Over the previous 90 days, Devon Energy's stock had 3 upgrades and 1 downgrade by analysts.

Devon Energy has been rated by research analysts at Argus, Barclays, BMO Capital Markets, Citigroup, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Raymond James Financial, Scotiabank, Stifel Nicolaus, Susquehanna, Truist Financial, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Devon Energy more than other "energy" companies. The consensus rating for Devon Energy is Moderate Buy while the average consensus rating for "energy" companies is Hold. Learn more on how DVN compares to other companies.

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MarketBeat monitors more than a dozen sources for Devon Energy analyst ratings, with the most recent rating issued on 10/16/2026.

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Devon Energy (DVN) Stock Forecast & Price Target