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Devon Energy (DVN) Stock Forecast & Price Target

Devon Energy logo
$35.87 +0.31 (+0.87%)
Closing price 03:59 PM Eastern
Extended Trading
$35.88 +0.01 (+0.01%)
As of 04:12 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

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

Consensus Rating

Sell
0
Hold
10
Buy
16

Based on 26 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 26 analysts, 10 have given a hold rating, and 16 have given a buy rating for DVN.

Consensus Price Target

$44.15
23.08% Upside
According to the 26 analysts' twelve-month price targets for Devon Energy, the average price target is $44.15. The highest price target for DVN is $57.00, while the lowest price target for DVN is $33.00. The average price target represents a forecasted upside of 23.08% from the current price of $35.87.
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

TypeCurrent Forecast
8/28/24 to 8/28/25
1 Month Ago
7/29/24 to 7/29/25
3 Months Ago
5/30/24 to 5/30/25
1 Year Ago
8/29/23 to 8/28/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
16 Buy rating(s)
15 Buy rating(s)
14 Buy rating(s)
13 Buy rating(s)
Hold
10 Hold rating(s)
10 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$44.15$43.85$43.68$58.75
Forecasted Upside23.08% Upside28.09% Upside44.25% Upside31.77% 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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Devon Energy Stock vs. The Competition

TypeDevon EnergyEnergy CompaniesS&P 500
Consensus Rating Score
2.62
2.63
2.53
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside23.79% Upside50.13% Upside10.65% Upside
News Sentiment Rating
Positive News

See Recent DVN News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/25/2025William Blair
2 of 5 stars
Neal Dingmann
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Initiated CoverageOutperform
8/20/2025UBS Group
3 of 5 stars
Josh Silverstein
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Boost TargetNeutral ➝ Neutral$37.00 ➝ $40.00+18.08%
8/18/2025Morgan Stanley
3 of 5 stars
Devin McDermott
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Boost TargetOverweight ➝ Overweight$46.00 ➝ $49.00+45.40%
8/14/2025Piper Sandler
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Mark Lear
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Lower TargetOverweight ➝ Overweight$58.00 ➝ $57.00+70.33%
8/12/2025Wells Fargo & Company
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Hanwen Chang
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Boost TargetOverweight ➝ Overweight$42.00 ➝ $43.00+30.83%
8/6/2025Barclays
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Betty Jiang
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Boost TargetEqual Weight ➝ Equal Weight$40.00 ➝ $42.00+25.79%
7/22/2025Raymond James Financial
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John Freeman
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Reiterated RatingOutperform ➝ Outperform$40.00 ➝ $45.00+36.91%
7/14/2025BMO Capital Markets
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 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
7/8/2025JPMorgan 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%
7/3/2025Tudor, 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%
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%
4/14/2025Royal 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 Thursday at 04:14 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 Wednesday, August 27, 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 $35.43, which may present a buying opportunity for investors looking for value in the energy sector.
  • Devon Energy Co. reported a quarterly earnings per share (EPS) of $0.84, exceeding analysts' expectations, indicating strong financial performance.
  • The company has shown a revenue increase of 9.4% compared to the same quarter last year, suggesting growth potential in its operations.
  • Devon Energy Co. has a solid return on equity of 18.59%, reflecting effective management and profitability relative to shareholder equity.
  • The company recently announced a quarterly dividend of $0.24 per share, providing a yield of 2.7%, which can be attractive for income-focused investors.

Devon Energy
Bear Case

red Wall Street bear icon

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

  • Despite recent growth, the stock has experienced fluctuations, with a twelve-month high of $46.04 and a low of $25.89, indicating potential volatility.
  • Insider selling activity has been noted, with a director recently selling shares, which may raise concerns about the company's future outlook.
  • Analysts have varied opinions on the stock, with some reducing target prices, suggesting uncertainty in future performance.
  • The company's debt-to-equity ratio of 0.55 indicates a moderate level of debt, which could pose risks if market conditions change.
  • Hedge funds and institutional investors own a significant portion of the stock, which can lead to increased volatility based on their trading activities.

DVN Forecast - Frequently Asked Questions

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Devon Energy is $44.15, with a high forecast of $57.00 and a low forecast of $33.00.

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 10 hold ratings and 16 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 23.08% based on their 12-month stock forecasts.

Analysts like Devon Energy less than other "energy" companies. The consensus rating score for Devon Energy is 2.62 while the average consensus rating score for "energy" companies is 2.63. Learn more on how DVN compares to other companies.


This page (NYSE:DVN) was last updated on 8/28/2025 by MarketBeat.com Staff
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