Devon Energy (DVN) Stock Forecast & Price Target

$33.54 -0.15 (-0.45%)

Closing price 08/18/2025 03:59 PM Eastern

Extended Trading

$33.38 -0.16 (-0.48%)

As of 05:37 AM Eastern

Devon Energy - Analysts' Recommendations and Stock Price Forecast (2025)

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.

Consensus Rating

Moderate Buy

Based on 25 Analyst Ratings

Sell
0

Hold
10

Buy
15

Based on 25 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 25 analysts, 10 have given a hold rating, and 15 have given a buy rating for DVN.

Consensus Price Target

$44.04
31.30% Upside

According to the 25 analysts' twelve-month price targets for Devon Energy, the average price target is $44.04. The highest price target for DVN is $57.00, while the lowest price target for DVN is $33.00. The average price target represents a forecasted upside of 31.30% from the current price of $33.54.

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DVN Analyst Ratings Over Time

Type	Current Forecast 8/19/24 to 8/19/25	1 Month Ago 7/20/24 to 7/20/25	3 Months Ago 5/21/24 to 5/21/25	1 Year Ago 8/20/23 to 8/19/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	15 Buy rating(s)	15 Buy rating(s)	14 Buy rating(s)	13 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$44.04	$43.67	$43.83	$58.75
Forecasted Upside	31.30% Upside	32.97% Upside	39.00% Upside	30.04% 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	2.60	2.65	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	31.30% Upside	55.61% Upside	11.85% 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 to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/18/2025	Morgan Stanley 3 of 5 stars	Devin McDermott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$46.00 ➝ $49.00	+45.40%
8/14/2025	Piper Sandler 2 of 5 stars	Mark Lear Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$58.00 ➝ $57.00	+70.33%
8/12/2025	Wells Fargo & Company 3 of 5 stars	Hanwen Chang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$42.00 ➝ $43.00	+30.83%
8/6/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Betty Jiang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$40.00 ➝ $42.00	+25.79%
7/22/2025	Raymond James Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	John Freeman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$40.00 ➝ $45.00	+36.91%
7/14/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$48.00 ➝ $51.00	+56.51%
7/14/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$31.00 ➝ $33.00	+1.27%
7/11/2025	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform
7/11/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Josh Silverstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$35.00 ➝ $37.00	+8.37%
7/8/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$40.00 ➝ $42.00	+20.34%
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.
7/7/2025	Bernstein Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$45.00 ➝ $43.00	+31.42%
7/3/2025	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$42.00 ➝ $44.00	+32.53%
6/23/2025	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$47.00 ➝ $49.00	+49.21%
6/23/2025	Siebert Williams Shank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$47.00 ➝ $52.00	+58.34%
5/15/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Neil Mehta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$38.00 ➝ $43.00	+28.73%
5/13/2025	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Nitin Kumar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$46.00 ➝ $43.00	+26.86%
4/29/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Noah Hungness Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$52.00 ➝ $42.00	+34.29%
4/22/2025	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Biju Perincheril Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Positive ➝ Positive	$52.00 ➝ $41.00	+31.02%
4/14/2025	Royal Bank Of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Scott Hanold Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$49.00 ➝ $40.00	+40.06%
4/4/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Scott Gruber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$46.00 ➝ $43.00	+43.56%
3/5/2025	Williams Trading Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target		$50.00	+46.31%
2/20/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Dingmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$42.00 ➝ $44.00	+15.05%
2/20/2025	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Chandra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$44.00 ➝ $44.00	+17.08%
2/18/2025	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold	$46.00 ➝ $45.00	+27.64%
1/15/2025	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Bob Brackett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$45.00 ➝ $45.00	+20.90%
11/5/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$54.00 ➝ $46.00	+17.02%
9/30/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$55.00 ➝ $50.00	+27.88%
4/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$65.00 ➝ $66.00	+25.48%
11/9/2023	Pickering Energy Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:41 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 Friday, August 15, 2025. 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 company recently reported a quarterly earnings per share (EPS) of $0.84, exceeding expectations, which indicates strong financial performance and effective management.
Devon Energy Co. has shown a year-over-year revenue increase of 9.4%, suggesting growth potential and resilience in its operations.
The current stock price is around $43.93, reflecting a favorable valuation based on analysts' ratings, with many recommending a "buy" or "outperform" status.
With a dividend yield of 2.8% and a payout ratio of 21.52%, the company offers a reliable income stream for investors, making it attractive for those seeking dividends.
Analysts have a consensus rating of "Moderate Buy," indicating overall positive sentiment towards the stock, which can be a good sign for potential investors.

Devon Energy
Bear Case

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

Despite recent earnings success, the EPS has decreased from $1.41 in the same quarter last year, which may raise concerns about sustainability in profitability.
Some analysts have lowered their target prices for the stock, indicating potential volatility and uncertainty in future performance.
The company operates in competitive markets, which can lead to fluctuations in revenue and profitability based on market conditions and oil prices.
With only 0.71% of the stock owned by corporate insiders, there may be less alignment between management and shareholder interests, which can be a red flag for some investors.
Market conditions for energy companies can be unpredictable, and external factors such as regulatory changes or geopolitical events can impact performance significantly.

DVN Forecast - Frequently Asked Questions

: According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Devon Energy is $44.04, with a high forecast of $57.00 and a low forecast of $33.00.
: 25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 10 hold ratings and 15 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 31.30% based on their 12-month stock forecasts.
: Devon Energy has been rated by research analysts at Barclays, Bernstein Bank, BMO Capital Markets, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Raymond James Financial, Scotiabank, Siebert Williams Shank, Tudor, Pickering, Holt & Co., UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Devon Energy less than other "energy" companies. The consensus rating score for Devon Energy is 2.60 while the average consensus rating score for "energy" companies is 2.65. Learn more on how DVN compares to other companies.

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This page (NYSE:DVN) was last updated on 8/19/2025 by MarketBeat.com Staff

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Devon Energy (DVN) Stock Forecast & Price Target