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Devon Energy (DVN) Stock Forecast & Price Target

Devon Energy logo
$31.34 +0.18 (+0.58%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$31.36 +0.02 (+0.06%)
As of 07:44 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
9
Buy
14

Based on 23 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 23 analysts, 9 have given a hold rating, and 14 have given a buy rating for DVN.

Consensus Price Target

$43.71
39.47% Upside
According to the 23 analysts' twelve-month price targets for Devon Energy, the average price target is $43.71. The highest price target for DVN is $53.00, while the lowest price target for DVN is $35.00. The average price target represents a forecasted upside of 39.47% from the current price of $31.34.
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DVN Analyst Ratings Over Time

TypeCurrent Forecast
5/28/24 to 5/28/25
1 Month Ago
4/28/24 to 4/28/25
3 Months Ago
2/28/24 to 2/27/25
1 Year Ago
5/29/23 to 5/28/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
14 Buy rating(s)
13 Buy rating(s)
14 Buy rating(s)
13 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
9 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$43.71$44.83$48.87$58.83
Forecasted Upside39.47% Upside42.08% Upside36.34% Upside20.29% 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
2.61
2.69
2.54
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside39.47% Upside984.28% Upside14.18% Upside
News Sentiment Rating
Positive News

See Recent DVN News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/23/2025Morgan Stanley
3 of 5 stars
Devin McDermott
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Boost TargetOverweight ➝ Overweight$42.00 ➝ $44.00+42.16%
5/15/2025The Goldman Sachs Group
3 of 5 stars
Neil Mehta
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Boost TargetBuy ➝ Buy$38.00 ➝ $43.00+28.73%
5/14/2025Wells Fargo & Company
3 of 5 stars
Roger Read
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Boost TargetOverweight ➝ Overweight$44.00 ➝ $46.00+34.96%
5/13/2025Piper Sandler
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Mark Lear
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Lower TargetOverweight ➝ Overweight$56.00 ➝ $53.00+54.93%
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
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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%
4/11/2025Scotiabank
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Paul Cheng
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Lower TargetSector Outperform ➝ Sector Outperform$45.00 ➝ $35.00+24.00%
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%
3/13/2025JPMorgan 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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:48 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 Sunday, May 25, 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 $31.15, which may present a buying opportunity for investors looking for value in the energy sector.
  • Devon Energy Co. has shown strong revenue growth, with a reported increase of 23.8% compared to the same quarter last year, indicating robust operational performance.
  • Institutional ownership is high, with approximately 69.72% of the stock held by hedge funds and other institutional investors, suggesting confidence in the company's future prospects.
  • Analysts have a consensus rating of "Moderate Buy" for Devon Energy Co., with several firms issuing buy ratings and price targets that reflect potential upside.
  • The company has a solid return on equity of 22.52%, which indicates effective management and profitability relative to shareholder equity.

Devon Energy
Bear Case

red Wall Street bear icon

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

  • Recent earnings reports showed that the company missed consensus EPS estimates, which could raise concerns about its ability to meet investor expectations.
  • Price targets from analysts have been cut recently, with some firms reducing their outlook for the stock, indicating potential headwinds in the near term.
  • The stock has experienced volatility, with a 1-year high of $49.35 and a low of $25.89, suggesting uncertainty in its price stability.
  • Devon Energy Co. has a debt-to-equity ratio of 0.57, which, while manageable, indicates that the company does carry some level of debt that could impact financial flexibility.
  • Market conditions in the energy sector can be unpredictable, influenced by factors such as oil prices and regulatory changes, which may affect the company's performance.

DVN Forecast - Frequently Asked Questions

According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Devon Energy is $43.71, with a high forecast of $53.00 and a low forecast of $35.00.

23 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 14 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 39.47% based on their 12-month stock forecasts.

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

Analysts like Devon Energy less than other "energy" companies. The consensus rating score for Devon Energy is 2.61 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 5/28/2025 by MarketBeat.com Staff
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