Devon Energy (DVN) Stock Forecast & Price Target

$45.70 +0.39 (+0.85%)

As of 09:54 AM 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

$55.93
22.39% Upside

According to the 31 analysts' twelve-month price targets for Devon Energy, the average price target is $55.93. The highest price target for DVN is $72.00, while the lowest price target for DVN is $37.00. The average price target represents a forecasted upside of 22.39% from the current price of $45.70.

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 5/8/25 to 5/8/26	1 Month Ago 4/8/25 to 4/8/26	3 Months Ago 2/7/25 to 2/7/26	1 Year Ago 5/8/24 to 5/8/25
Strong Buy	4 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	22 Buy rating(s)	23 Buy rating(s)	22 Buy rating(s)	13 Buy rating(s)
Hold	5 Hold rating(s)	7 Hold rating(s)	7 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	$55.93	$52.18	$45.97	$43.86
Forecasted Upside	22.39% Upside	8.93% Upside	4.75% Upside	37.15% 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	S&P 500
Consensus Rating Score	2.97	2.41	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	23.27% Upside	38.11% Upside	14.96% 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
5/5/2026	Raymond James Financial 3 of 5 stars		Upgrade	Outperform ➝ Strong-Buy	$72.00	+40.35%
4/28/2026	Roth Mkm 2 of 5 stars		Reiterated Rating	Buy	$57.00	+15.23%
4/28/2026	Zacks Research Not Rated		Upgrade	Hold ➝ Strong-Buy
4/28/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Devin McDermott Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$46.00 ➝ $59.00	+17.60%
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	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight	$66.00	+49.41%
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%
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.
4/13/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$44.00 ➝ $53.00	+10.77%
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%
4/7/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$55.00 ➝ $60.00	+20.22%
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%
3/30/2026	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	$44.00 ➝ $60.00	+16.37%
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	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nitin Kumar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$51.00 ➝ $62.00	+31.31%
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%
3/16/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Betty Jiang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$52.00 ➝ $54.00	+15.50%
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%
10/6/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stephen Richardson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	In-Line	$34.00 ➝ $37.00	+7.05%
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 Friday at 09:55 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 Tuesday, May 5, 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 stock price recently increased to around $50.46, indicating positive market sentiment and potential for further growth.
Equities analysts have raised their price targets for Devon Energy Co., with recent targets set at $57.00 and $59.00, suggesting a strong outlook for the company's stock.
Devon Energy Co. has a solid market capitalization of approximately $31.34 billion, reflecting its stability and presence in the energy sector.
The company has received multiple "buy" ratings from analysts, indicating confidence in its performance and potential for appreciation in stock value.
With a relatively low debt-to-equity ratio of 0.48, Devon Energy Co. demonstrates financial stability, which can be attractive to investors looking for lower risk.

Devon Energy
Bear Case

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

Despite recent price increases, the stock has a price-to-earnings (P/E) ratio of around 12.10, which may indicate that it is overvalued compared to its earnings potential.
The company has experienced fluctuations in its stock price, with a 52-week low of $29.70, suggesting volatility that could deter risk-averse investors.
Analysts have mixed ratings, with some maintaining "hold" ratings, which may indicate uncertainty about the company's future performance.
Market conditions in the energy sector can be unpredictable, influenced by factors such as oil prices and regulatory changes, which could impact Devon Energy Co.'s profitability.
While the company has a positive outlook, the competitive landscape in the energy sector means that it must continuously innovate and adapt to maintain its market position.

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 $55.93, with a high forecast of $72.00 and a low forecast of $37.00.
: 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 22.39% based on their 12-month stock forecasts.
: Over the previous 90 days, Devon Energy's stock had 7 upgrades by analysts.
: Devon Energy has been rated by research analysts at Argus, Barclays, BMO Capital Markets, Capital One Financial, Citigroup, 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 5/8/2026 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

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