Devon Energy Corporation (DVN)
NYSE: DVN · Real-Time Price · USD
42.21
-0.39 (-0.92%)
At close: Jun 26, 2026, 4:00 PM EDT
42.44
+0.23 (0.54%)
After-hours: Jun 26, 2026, 7:59 PM EDT
Devon Energy Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Devon Energy stock have an average target of 60.19, with a low estimate of 44 and a high estimate of 68. The average target predicts an increase of 42.60% from the current stock price of 42.21.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Devon Energy stock from 27 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 17 | 16 | 17 | 18 | 19 | 20 |
| Buy | 5 | 5 | 4 | 3 | 3 | 4 |
| Hold | 8 | 6 | 6 | 5 | 4 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 30 | 27 | 27 | 26 | 26 | 27 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Buy Initiates $54 | Buy | Initiates | $54 | +27.93% | Jun 25, 2026 |
| Truist Financial | Truist Financial | Buy Maintains n/a | Buy | Maintains | n/a | n/a | Jun 18, 2026 |
| Raymond James | Raymond James | Buy Reiterates $72 → $66 | Buy | Reiterates | $72 → $66 | +56.36% | Jun 15, 2026 |
| Morgan Stanley | Morgan Stanley | Buy Reiterates $66 | Buy | Reiterates | $66 | +56.36% | Jun 12, 2026 |
| BMO Capital | BMO Capital | Buy Maintains $60 → $65 | Buy | Maintains | $60 → $65 | +53.99% | Jun 10, 2026 |
Financial Forecast
Revenue This Year
25.27B
from 16.04B
Increased by 57.54%
Revenue Next Year
28.96B
from 25.27B
Increased by 14.61%
EPS This Year
5.53
from 3.92
Increased by 41.06%
EPS Next Year
5.50
from 5.53
Decreased by -0.57%
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 29.5B | 37.2B | |
| Avg | 25.3B | 29.0B | |
| Low | 20.8B | 22.0B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 84.0% | 47.0% | |
| Avg | 57.5% | 14.6% | |
| Low | 29.8% | -12.7% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 6.90 | 7.95 | |
| Avg | 5.53 | 5.50 | |
| Low | 4.38 | 3.82 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 76.0% | 43.8% | |
| Avg | 41.1% | -0.6% | |
| Low | 11.7% | -30.9% |
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.