Devon Energy Corp
NYSE:DVN

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Devon Energy Corp
NYSE:DVN
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Price: 39.44 USD 1.91%
Market Cap: 25.9B USD
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Wall Street
Price Targets

DVN Price Targets Summary
Devon Energy Corp

Wall Street analysts forecast DVN stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for DVN is 52.43 USD with a low forecast of 43.43 USD and a high forecast of 67.2 USD.

Lowest
Price Target
43.43 USD
10% Upside
Average
Price Target
52.43 USD
33% Upside
Highest
Price Target
67.2 USD
70% Upside

DVN Last Price Targets
Devon Energy Corp

The latest public price target was made on Oct 15, 2024 by Gabriele Sorbara from Williams Trading , who expects DVN stock to rise by 37% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Gabriele Sorbara
Williams Trading
54 USD
Upside 37%
1 month ago
Oct 15, 2024
Devon Energy price target raised to $54 from $52 at Siebert Williams
TheFly
Paul Cheng
Scotiabank
48 USD
Upside 22%
1 month ago
Oct 10, 2024
Devon Energy price target lowered to $48 from $60 at Scotiabank
TheFly
Betty Jiang
Barclays
46 USD
Upside 17%
1 month ago
Oct 2, 2024
Devon Energy price target lowered to $46 from $55 at Barclays
TheFly
Neal Dingmann
Truist Financial
49 USD
Upside 24%
1 month ago
Sep 30, 2024
Devon Energy price target lowered to $49 from $60 at Truist
TheFly
Devin McDermott
Morgan Stanley
51 USD
Upside 29%
2 months ago
Sep 16, 2024
Devon Energy price target lowered to $51 from $55 at Morgan Stanley
TheFly
Roger Read
Wells Fargo
55 USD
Upside 39%
3 months ago
Aug 13, 2024
Devon Energy price target lowered to $55 from $57 at Wells Fargo
TheFly
Paul Cheng
Scotiabank
60 USD
Upside 52%
4 months ago
Jul 12, 2024
Devon Energy price target lowered to $60 from $67 at Scotiabank
TheFly
Bill Selesky
Argus Research
71 USD
Upside 80%
5 months ago
Jun 17, 2024
Argus raising Devon Energy earnings estimates on higher production
TheFly
Devin McDermott
Morgan Stanley
52 USD
Upside 32%
5 months ago
May 24, 2024
Devon Energy price target raised to $52 from $50 at Morgan Stanley
TheFly
Phillip Jungwirth
BMO Capital
57 USD
Upside 45%
6 months ago
May 20, 2024
BMO Capital Reiterates Outperform Rating on Devon Energy (DVN)
StreetInsider
Mark Lear
Piper Sandler
61 USD
Upside 55%
6 months ago
May 14, 2024
Devon Energy price target raised to $61 from $60 at Piper Sandler
TheFly
Scott Hanold
RBC Capital
57 USD
Upside 45%
6 months ago
May 9, 2024
Devon Energy (DVN) PT Raised to $57 at RBC Capital
StreetInsider
Mark Lear
Piper Sandler
60 USD
Upside 52%
7 months ago
Apr 19, 2024
Devon Energy price target raised to $60 from $59 at Piper Sandler
TheFly
Paul Cheng
Scotiabank
67 USD
Upside 70%
7 months ago
Apr 11, 2024
Devon Energy price target raised to $67 from $53 at Scotiabank
TheFly
Josh Silverstein
UBS
57 USD
Upside 45%
7 months ago
Apr 10, 2024
Devon Energy (DVN) PT Raised to $57 at UBS
StreetInsider
Roger Read
Wells Fargo
59 USD
Upside 50%
7 months ago
Apr 1, 2024
Wells Fargo Upgrades Devon Energy (DVN) to Overweight, 'attractive entry point'
StreetInsider
Derrick Whitfield
Stifel Nicolaus
65 USD
Upside 65%
8 months ago
Mar 22, 2024
Devon Energy (DVN) PT Lowered to $65 at Stifel 'due to operational and financial updates'
StreetInsider
Scott Hanold
RBC Capital
60 USD
Upside 52%
1 year ago
Jul 13, 2023
Devon Energy To Bear The Brunt Of Natural Gas Pricing Headwinds In 2Q, Analyst Lowers Estimates
Benzinga
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Gabriele Sorbara
Williams Trading
Price Target 54 USD
Upside/Downside 37%
View Source
Paul Cheng
Scotiabank
Price Target 48 USD
Upside/Downside 22%
View Source
Betty Jiang
Barclays
Price Target 46 USD
Upside/Downside 17%
View Source
Neal Dingmann
Truist Financial
Price Target 49 USD
Upside/Downside 24%
View Source
Devin McDermott
Morgan Stanley
Price Target 51 USD
Upside/Downside 29%
View Source
Roger Read
Wells Fargo
Price Target 55 USD
Upside/Downside 39%
View Source
Paul Cheng
Scotiabank
Price Target 60 USD
Upside/Downside 52%
View Source
Bill Selesky
Argus Research
Price Target 71 USD
Upside/Downside 80%
View Source
Devin McDermott
Morgan Stanley
Price Target 52 USD
Upside/Downside 32%
View Source
Phillip Jungwirth
BMO Capital
Price Target 57 USD
Upside/Downside 45%
View Source
Mark Lear
Piper Sandler
Price Target 61 USD
Upside/Downside 55%
View Source
Scott Hanold
RBC Capital
Price Target 57 USD
Upside/Downside 45%
View Source
Mark Lear
Piper Sandler
Price Target 60 USD
Upside/Downside 52%
View Source
Paul Cheng
Scotiabank
Price Target 67 USD
Upside/Downside 70%
View Source
Josh Silverstein
UBS
Price Target 57 USD
Upside/Downside 45%
View Source
Roger Read
Wells Fargo
Price Target 59 USD
Upside/Downside 50%
View Source
Derrick Whitfield
Stifel Nicolaus
Price Target 65 USD
Upside/Downside 65%
View Source
Scott Hanold
RBC Capital
Price Target 60 USD
Upside/Downside 52%
View Source
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Devon Energy Corp Competitors:
Price Targets
OIL
Oil India Ltd
22% Upside
VTS
Vitesse Energy Inc
3% Downside
PNE
Pine Cliff Energy Ltd
32% Upside
ATH
Athabasca Oil Corp
17% Upside
IPCO
International Petroleum Corp
14% Upside
KEI
Kolibri Global Energy Inc
20% Upside
JOY
Journey Energy Inc
106% Upside
CVN
Carnarvon Energy Ltd
45% Upside

Revenue
Forecast

Revenue Estimate
Devon Energy Corp

For the last 8 years the compound annual growth rate for Devon Energy Corp's revenue is 2%. The projected CAGR for the next 3 years is 5%.

2%
Past Growth
5%
Estimated Growth
Estimates Accuracy
-5%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Devon Energy Corp

The compound annual growth rate of Devon Energy Corp's operating income for the next 3 years is 0%.

N/A
Past Growth
0%
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Net Income
Forecast

Net Income Estimate
Devon Energy Corp

The compound annual growth rate of Devon Energy Corp's net income for the next 3 years is -3%.

N/A
Past Growth
-3%
Estimated Growth
Estimates Accuracy
26%
Average Beat

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is DVN's stock price target?
Price Target
52.43 USD

According to Wall Street analysts, the average 1-year price target for DVN is 52.43 USD with a low forecast of 43.43 USD and a high forecast of 67.2 USD.

What is Devon Energy Corp's Revenue forecast?
Projected CAGR
5%

For the last 8 years the compound annual growth rate for Devon Energy Corp's revenue is 2%. The projected CAGR for the next 3 years is 5%.

What is Devon Energy Corp's Operating Income forecast?
Projected CAGR
0%

The compound annual growth rate of Devon Energy Corp's operating income for the next 3 years is 0%.

What is Devon Energy Corp's Net Income forecast?
Projected CAGR
-3%

The compound annual growth rate of Devon Energy Corp's net income for the next 3 years is -3%.

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