Devon Energy Corporation (DVN)
NYSE: DVN · IEX Real-Time Price · USD
49.08
+1.49 (3.13%)
At close: May 31, 2024, 4:00 PM
48.99
-0.09 (-0.18%)
After-hours: May 31, 2024, 7:52 PM EDT
Devon Energy Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Devon Energy stock have an average target of 60.2, with a low estimate of 50 and a high estimate of 67. The average target predicts an increase of 22.66% from the current stock price of 49.08.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Devon Energy stock from 16 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 5 | 5 | 5 | 5 | 7 | 7 |
| Hold | 6 | 5 | 5 | 5 | 5 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 15 | 15 | 15 | 17 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $60 → $61 | Buy | Maintains | $60 → $61 | +24.29% | May 14, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $57 → $61 | Strong Buy | Maintains | $57 → $61 | +24.29% | May 13, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $55 → $57 | Hold | Maintains | $55 → $57 | +16.14% | May 9, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $69 → $67 | Strong Buy | Maintains | $69 → $67 | +36.51% | May 3, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $53 → $57 | Strong Buy | Maintains | $53 → $57 | +16.14% | May 2, 2024 |
Financial Forecast
Revenue This Year
15.40B
from 15.26B
Increased by 0.92%
Revenue Next Year
16.06B
from 15.40B
Increased by 4.32%
EPS This Year
5.37
from 5.84
Decreased by -8.13%
EPS Next Year
5.80
from 5.37
Increased by 8.15%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.4B | 17.8B | 18.3B |
| Avg | 15.4B | 16.1B | 16.1B |
| Low | 14.4B | 14.5B | 14.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.4% | 15.8% | 13.9% |
| Avg | 0.9% | 4.3% | 0.4% |
| Low | -5.6% | -5.9% | -12.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.70 | 7.57 | 8.20 | 5.35 | 6.83 |
| Avg | 5.37 | 5.80 | 5.68 | 4.90 | 5.39 |
| Low | 3.78 | 4.60 | 3.76 | 4.33 | 4.65 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 31.8% | 41.1% | 41.3% | -5.7% | 39.2% |
| Avg | -8.1% | 8.2% | -2.2% | -13.6% | 10.0% |
| Low | -35.2% | -14.3% | -35.1% | -23.7% | -5.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.