Devon Energy (DVN) Stock Forecast & Price Target

$44.51 +0.24 (+0.54%)

As of 12:22 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 31 Analyst Ratings

Sell
0

Hold
5

Buy
26

Based on 31 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 31 analysts, 5 have given a hold rating, 22 have given a buy rating, and 4 have given a strong buy rating for DVN.

Consensus Price Target

$57.85
29.97% Upside

According to the 31 analysts' twelve-month price targets for Devon Energy, the average price target is $57.85. The highest price target for DVN is $72.00, while the lowest price target for DVN is $41.00. The average price target represents a forecasted upside of 29.97% from the current price of $44.51.

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 5/28/25 to 5/28/26	1 Month Ago 4/28/25 to 4/28/26	3 Months Ago 2/27/25 to 2/27/26	1 Year Ago 5/28/24 to 5/28/25
Strong Buy	4 Strong Buy rating(s)	3 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	22 Buy rating(s)	23 Buy rating(s)	23 Buy rating(s)	14 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$57.85	$54.14	$47.37	$43.58
Forecasted Upside	29.97% Upside	9.45% Upside	8.69% Upside	41.00% 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	2.40	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	30.56% Upside	35.48% Upside	14.88% Upside
News Sentiment Rating	Positive News See Recent DVN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
5/27/2026	Mizuho 3 of 5 stars	Nitin Kumar 5 of 5 stars	Boost Target	Outperform	$62.00 ➝ $68.00	+50.41%
5/26/2026	Barclays 3 of 5 stars	Betty Jiang 4 of 5 stars	Boost Target	Overweight	$54.00 ➝ $62.00	+31.11%
5/21/2026	Morgan Stanley 3 of 5 stars	Devin McDermott 5 of 5 stars	Boost Target	Overweight	$59.00 ➝ $66.00	+36.75%
5/20/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Scott Gruber Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$60.00 ➝ $65.00	+30.65%
5/18/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$62.00 ➝ $63.00	+29.14%
5/18/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Hanwen Chang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$66.00 ➝ $68.00	+39.39%
5/15/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	In-Line	$54.00	+14.29%
5/13/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$60.00 ➝ $65.00	+40.39%
5/5/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Outperform ➝ Strong-Buy	$72.00	+40.35%
4/28/2026	Roth Mkm Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy	$57.00	+15.23%
Get the Latest News and Ratings for DVN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Devon Energy and its competitors with MarketBeat's FREE daily newsletter.
4/28/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
4/22/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Betty Zhang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$41.00 ➝ $46.00	-1.21%
4/21/2026	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Positive	$52.00 ➝ $57.00	+26.02%
4/20/2026	Tudor Pickering Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
4/14/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Josh Silverstein Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$61.00 ➝ $60.00	+27.20%
4/14/2026	Capital One Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Overweight	$64.00 ➝ $63.00	+39.20%
4/13/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$42.00 ➝ $59.00	+23.30%
4/8/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Sector Perform	$46.00 ➝ $59.00	+18.22%
4/6/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$64.00 ➝ $65.00	+31.32%
3/24/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gabe Daoud Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Hold ➝ Buy	$63.00	+29.92%
3/17/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Robert Hodges Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$46.00 ➝ $50.00	+6.37%
3/12/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mark Lear Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$59.00 ➝ $67.00	+45.32%
2/26/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$41.00 ➝ $51.00	+20.87%
1/28/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Sell (D+) ➝ Hold (C-)
1/26/2026	Siebert Williams Shank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$46.00 ➝ $50.00	+28.58%
1/16/2026	Benchmark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
1/15/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Arun Jayaram Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$44.00 ➝ $41.00	+12.76%
12/5/2025	Johnson Rice Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Buy	$70.00 ➝ $62.00	+63.53%
11/13/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$40.00 ➝ $42.00	+21.07%
8/25/2025	William Blair Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Neal Dingmann Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Outperform
7/7/2025	Bernstein Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$45.00 ➝ $43.00	+31.42%
4/29/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Noah Hungness Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$52.00 ➝ $42.00	+34.29%
3/5/2025	Williams Trading Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		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 Thursday at 12:22 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, May 26, 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.:

The current stock price is around $47, which reflects a stable position in the market and may present a buying opportunity for investors looking for value.
Devon Energy Co. has shown resilience with a market capitalization of approximately $29.38 billion, indicating a strong presence in the energy sector.
The company reported a return on equity of 15.22%, suggesting effective management and profitability, which can be attractive to investors seeking growth.
Recent acquisitions and strategic moves, such as the focus on onshore resource plays, position Devon Energy Co. for potential growth in production and revenue.
With 69.72% of the stock owned by institutional investors, there is a level of confidence from large financial entities, which can be reassuring for individual investors.

Devon Energy
Bear Case

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

The company recently reported earnings that missed consensus estimates, indicating potential challenges in meeting market expectations.
Revenue for the last quarter was down 14.5% compared to the same period last year, which may raise concerns about the company's growth trajectory.
Insider trading activity shows a decrease in positions among executives, which could signal a lack of confidence in the company's short-term performance.
The stock has experienced fluctuations, with a 12-month high of $52.71 and a low of $30.24, indicating volatility that may deter risk-averse investors.
The company's debt-to-equity ratio of 0.48 suggests a moderate level of debt, which could be a concern if market conditions worsen or if interest rates rise.

DVN Forecast - Frequently Asked Questions

According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Devon Energy is $57.85, with a high forecast of $72.00 and a low forecast of $41.00.

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 5 hold ratings, 22 buy ratings and 4 strong 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 29.97% based on their 12-month stock forecasts.

Over the previous 90 days, Devon Energy's stock had 6 upgrades by analysts.

Devon Energy has been rated by research analysts at Barclays, BMO Capital Markets, Capital One Financial, Citigroup, Evercore, Jefferies Financial Group, Mizuho, Morgan Stanley, Piper Sandler, Raymond James Financial, Roth Mkm, Royal Bank Of Canada, Sanford C. Bernstein, Scotiabank, Susquehanna, TD Cowen, Truist Financial, Tudor Pickering, UBS Group, Wells Fargo & Company, Wolfe Research, and Zacks Research 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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This page (NYSE:DVN) was last updated on 5/28/2026 by MarketBeat.com Staff.

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Devon Energy (DVN) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

DVN Analyst Ratings Over Time

DVN Analyst Recommendations By Month

DVN Price Targets by Month

Devon Energy Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

Devon Energy
Bull Case

Devon Energy
Bear Case

DVN Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Devon Energy Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

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Devon Energy (DVN) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

DVN Analyst Ratings Over Time

DVN Analyst Recommendations By Month

DVN Price Targets by Month

Devon Energy Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

Devon Energy Bull Case

Devon Energy Bear Case

DVN Forecast - Frequently Asked Questions

What is Devon Energy's forecast for 2026?

Should I buy or sell Devon Energy stock right now?

Does Devon Energy's stock price have much upside?

Has Devon Energy been upgraded by Wall Street analysts recently?

What analysts cover Devon Energy?

Do Wall Street analysts like Devon Energy more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Devon Energy Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Devon Energy
Bull Case

Devon Energy
Bear Case