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Devon Energy Corp
NYSE:DVN

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Devon Energy Corp Logo
Devon Energy Corp
NYSE:DVN
Watchlist
Price: 50.34 USD -0.12% Market Closed
Updated: May 3, 2024

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 58.91 USD with a low forecast of 47.47 USD and a high forecast of 72.45 USD.

Lowest
Price Target
47.47 USD
6% Downside
Average
Price Target
58.91 USD
17% Upside
Highest
Price Target
72.45 USD
44% Upside

DVN Last Price Targets
Devon Energy Corp

The latest public price target was made on Apr 19, 2024 by Mark Lear from Piper Sandler , who expects DVN stock to rise by 19% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Mark Lear
Piper Sandler
60 USD
Upside 19%
2 weeks ago
Apr 19, 2024
Devon Energy price target raised to $60 from $59 at Piper Sandler
TheFly
Paul Cheng
Scotiabank
67 USD
Upside 33%
3 weeks ago
Apr 11, 2024
Devon Energy price target raised to $67 from $53 at Scotiabank
TheFly
Josh Silverstein
UBS
57 USD
Upside 13%
3 weeks ago
Apr 10, 2024
Devon Energy (DVN) PT Raised to $57 at UBS
StreetInsider
Roger Read
Wells Fargo
59 USD
Upside 17%
1 month ago
Apr 1, 2024
Wells Fargo Upgrades Devon Energy (DVN) to Overweight, 'attractive entry point'
StreetInsider
Derrick Whitfield
Stifel Nicolaus
65 USD
Upside 29%
1 month 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 19%
9 months 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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Mark Lear
Piper Sandler
Price Target 60 USD
Upside/Downside 19%
View Source
Paul Cheng
Scotiabank
Price Target 67 USD
Upside/Downside 33%
View Source
Josh Silverstein
UBS
Price Target 57 USD
Upside/Downside 13%
View Source
Roger Read
Wells Fargo
Price Target 59 USD
Upside/Downside 17%
View Source
Derrick Whitfield
Stifel Nicolaus
Price Target 65 USD
Upside/Downside 29%
View Source
Scott Hanold
RBC Capital
Price Target 60 USD
Upside/Downside 19%
View Source
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Devon Energy Corp Competitors:
Price Targets
STR
Sitio Royalties Corp
31% Upside
CJ
Cardinal Energy Ltd (Alberta)
22% Upside
PRIO3
Petro Rio SA
36% Upside
PTTEP
PTT Exploration and Production PCL
23% Upside
BNE
Bonterra Energy Corp
48% Upside
EGY
VAALCO Energy Inc
39% Upside
TPL
Texas Pacific Land Corp
21% Upside
CNQ
Canadian Natural Resources Ltd
11% 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 1%.

2%
Past Growth
1%
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 -4%.

N/A
Past Growth
-4%
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 -4%.

N/A
Past Growth
-4%
Estimated Growth
Estimates Accuracy
30%
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
58.91 USD

According to Wall Street analysts, the average 1-year price target for DVN is 58.91 USD with a low forecast of 47.47 USD and a high forecast of 72.45 USD.

What is Devon Energy Corp's Revenue forecast?
Projected CAGR
1%

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 1%.

What is Devon Energy Corp's Operating Income forecast?
Projected CAGR
-4%

The compound annual growth rate of Devon Energy Corp's operating income for the next 3 years is -4%.

What is Devon Energy Corp's Net Income forecast?
Projected CAGR
-4%

The compound annual growth rate of Devon Energy Corp's net income for the next 3 years is -4%.