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NVDA   434.99 (+0.95%)
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BABA   86.75 (+1.41%)
AMD   102.82 (+0.06%)
T   15.03 (+0.13%)
F   12.42 (-1.11%)
MU   68.03 (+4.34%)
CGC   0.78 (-3.69%)
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NYSE:DVN

Devon Energy (DVN) Price Target & Analyst Ratings

$47.70
-1.11 (-2.27%)
(As of 09/29/2023 ET)
Compare
Today's Range
$47.60
$49.04
50-Day Range
$46.41
$54.00
52-Week Range
$44.03
$78.82
Volume
8.78 million shs
Average Volume
8.97 million shs
Market Capitalization
$30.56 billion
P/E Ratio
6.53
Dividend Yield
1.68%
Price Target
$63.11

Devon Energy Consensus Rating and Price Target (2023)

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 Analyst Rating

Moderate Buy
Based on 16 Analyst Ratings

Consensus Analyst Price Target

$63.11
32.31% Upside
High Prediction$90.00
Average Prediction$63.11
Low Prediction$50.00
TypeCurrent
9/29/22 to 9/29/23
1 Month Ago
8/30/22 to 8/30/23
3 Months Ago
7/1/22 to 7/1/23
1 Year Ago
9/29/21 to 9/29/22
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
9 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
8 Buy rating(s)
Hold
6 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$63.11$65.16$67.39$77.06
Predicted Upside32.31% Upside18.94% Upside19.98% Upside25.14% Upside
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DVN Analyst Ratings 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 EnergyOils/Energy CompaniesS&P 500
Consensus Rating Score
2.69
2.57
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside32.31% Upside265.60% Upside698.21% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Historical Target Prices and Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/27/2023Bank of America
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 Boost Target$54.00 ➝ $58.00+23.55%
9/20/2023Citigroup
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 Lower TargetBuy ➝ Buy$57.00 ➝ $55.00+12.20%
9/18/2023Mizuho
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 Boost TargetBuy ➝ Buy$60.00 ➝ $62.00+24.80%
9/1/2023Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$52.00 ➝ $51.00-0.12%
8/25/2023Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$77.00 ➝ $79.00+61.75%
8/17/2023UBS Group
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 Boost TargetNeutral ➝ Neutral$53.00 ➝ $55.00+13.36%
8/14/2023Piper Sandler
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 Lower TargetOverweight ➝ Overweight$72.00 ➝ $65.00+30.00%
8/3/2023Truist Financial
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 Lower TargetBuy ➝ Buy$69.00 ➝ $63.00+23.87%
7/24/2023Raymond James
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 Lower TargetStrong-Buy$70.00 ➝ $62.00+17.80%
7/18/2023Morgan Stanley
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 Boost TargetEqual Weight$49.00 ➝ $50.00-0.97%
7/13/2023Royal Bank of Canada
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 Lower TargetSector Perform$63.00 ➝ $60.00+17.44%
7/10/2023Evercore ISI
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 Lower Target$52.00 ➝ $50.00+2.35%
6/13/2023The Goldman Sachs Group
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 UpgradeNeutral ➝ Buy$63.00 ➝ $58.00+17.39%
5/17/2023Sanford C. Bernstein
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 Lower Target$71.00 ➝ $64.00+38.74%
3/17/2023Barclays
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 Lower Target$82.00 ➝ $67.00+44.80%
2/16/2023Susquehanna
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 Lower TargetPositive$79.00 ➝ $72.00+25.81%
11/17/2022Argus
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 Boost TargetBuy$77.00 ➝ $90.00+26.16%
10/19/2022Jefferies Financial Group
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 Initiated CoverageHold$75.00+7.50%
(Data available from 9/29/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)












DVN Price Target - Frequently Asked Questions

What is Devon Energy's consensus rating and price target?

According to the issued ratings of 16 analysts in the last year, the consensus rating for Devon Energy stock is Moderate Buy based on the current 6 hold ratings, 9 buy ratings and 1 strong buy rating for DVN. The average twelve-month price prediction for Devon Energy is $63.11 with a high price target of $90.00 and a low price target of $50.00. Learn more on DVN's analyst rating history.

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

Analysts like Devon Energy more than other Oils/Energy companies. The consensus rating score for Devon Energy is 2.69 while the average consensus rating score for oils/energy companies is 2.57. Learn more on how DVN compares to other companies.

Does Devon Energy's stock price have much upside?

According to analysts, Devon Energy's stock has a predicted upside of 18.48% based on their 12-month price targets.

What analysts cover Devon Energy?

Stock Ratings Reports and Tools

This page (NYSE:DVN) was last updated on 9/29/2023 by MarketBeat.com Staff

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