Devon Energy Corporation (DVN)

Devon Energy Stock Forecast

Stock Price Forecast

According to 20 professional analysts, the 12-month price target for Devon Energy stock ranges from a low of $37 to a high of $57. The average analyst price target of $43.9 forecasts a 29.88% increase in the stock price over the next year.

Price Target: $43.90 (+29.88%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$37	$43.9	$43	$57
Change	+9.47%	+29.88%	+27.22%	+68.64%

Analyst Ratings

The average analyst rating for Devon Energy stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	4	3	4	4	4	4
Buy	10	10	10	10	10	10
Hold	7	7	7	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	21	20	21	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mark Lear Piper Sandler	Piper Sandler	Buy Maintains $58 → $57	Buy	Maintains	$58 → $57	+68.64%	Aug 14, 2025
Roger Read Wells Fargo	Wells Fargo	Buy Maintains $42 → $43	Buy	Maintains	$42 → $43	+27.22%	Aug 12, 2025
Betty Jiang Barclays	Barclays	Hold Maintains $40 → $42	Hold	Maintains	$40 → $42	+24.26%	Aug 6, 2025
John Freeman Raymond James	Raymond James	Buy Reiterates $40 → $45	Buy	Reiterates	$40 → $45	+33.14%	Jul 22, 2025
Mark Lear Piper Sandler	Piper Sandler	Buy Maintains $53 → $58	Buy	Maintains	$53 → $58	+71.60%	Jul 17, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

16.94B

Increased by 11.69%

from 15.17B

Revenue Next Year

16.75B

Decreased by -1.17%

from 16.94B

EPS This Year

4.03

Decreased by -11.56%

from 4.56

EPS Next Year

4.25

Increased by 5.29%

from 4.03

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	4.67B	13.75B	19.83B	14.43B	15.17B	16.94B	16.75B	17.98B
Revenue Growth	-29.98%	194.24%	44.20%	-27.24%	5.16%	11.69%	-1.17%	7.35%
EPS	-7.12	4.19	9.12	5.84	4.56	4.03	4.25	5.24
EPS Growth	-	-	117.66%	-35.97%	-21.92%	-11.56%	5.29%	23.30%
Forward PE	-	-	-	-	-	8.38	7.96	6.46
No. Analysts	-	-	-	-	-	31	28	16

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	18.4B	19.3B	20.8B
Avg	16.9B	16.7B	18.0B
Low	15.2B	14.0B	13.6B

Revenue Growth

Revenue Growth	2025	2026	2027
High	21.1%	13.8%	24.2%
Avg	11.7%	-1.2%	7.4%
Low	-0.1%	-17.5%	-18.8%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	5.43	5.97	7.59
Avg	4.03	4.25	5.24
Low	2.70	2.07	2.40

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	19.0%	48.1%	78.8%
Avg	-11.6%	5.3%	23.3%
Low	-40.7%	-48.7%	-43.5%

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.