DEVON ENERGY CORP (DVN) Forecast, Price Target & Analyst Ratings

NYSE:DVN • US25179M1036

Current stock price

48.15 USD
+1.03 (+2.19%)
At close:
48.22 USD
+0.07 (+0.15%)
Pre-Market:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for DEVON ENERGY CORP (DVN).

Forecast Snapshot

Consensus Price Target

Price Target
$56.54
+ 17.42% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 5, 2026
Period
Q1 / 2026
EPS Estimate
$1.03
Revenue Estimate
3.954B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
80.61%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$56.54
Upside
+ 17.42%
From current price of $48.15 to mean target of $56.54, Based on 33 analyst forecasts
Low
$39.39
Median
$60.18
High
$72.45

Price Target Revisions

1 Month
14.28%
3 Months
22.60%

Price Target Summary

33 Wall Street analysts provided a forecast for the next 12 months for DVN. The average price target is 56.54 USD. This implies a price increase of 17.42% is expected in the next year compared to the current price of 48.15.
The average price target has been revised upward by 22.6% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

DVN Current Analyst RatingDVN Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15

Analyst Ratings History

DVN Historical Analyst RatingsDVN Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30

Analyst Ratings Consensus

ChartMill Buy Consensus
80.61%
DVN was analyzed by 33 analysts. The buy percentage consensus is at 81. So analysts seem to be very confident about DVN.
In the previous month the buy percentage consensus was at a similar level.
DVN was analyzed by 33 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-04-22ScotiaBankMaintains Sector Perform -> Sector Perform
2026-04-14UBSMaintains Buy -> Buy
2026-03-30CitigroupMaintains Buy -> Buy
2026-03-27Morgan StanleyMaintains Overweight -> Overweight
2026-03-24Truist SecuritiesInitiate Hold -> Buy
2026-03-17TD CowenMaintains Hold -> Hold
2026-03-17MizuhoMaintains Outperform -> Outperform
2026-03-16BarclaysMaintains Overweight -> Overweight
2026-03-12Piper SandlerMaintains Overweight -> Overweight
2026-03-05UBSMaintains Buy -> Buy
2026-03-05Piper SandlerMaintains Overweight -> Overweight
2026-02-23ScotiaBankMaintains Sector Perform -> Sector Perform
2026-02-23BarclaysMaintains Overweight -> Overweight
2026-02-20SusquehannaMaintains Positive -> Positive
2026-02-20Wells FargoMaintains Overweight -> Overweight
2026-02-04BarclaysUpgrade Equal-Weight -> Overweight
2026-02-03ScotiaBankMaintains Sector Perform -> Sector Perform
2026-02-03SusquehannaMaintains Positive -> Positive
2026-01-27Wells FargoMaintains Overweight -> Overweight
2026-01-26SusquehannaMaintains Positive -> Positive
2026-01-23Morgan StanleyMaintains Overweight -> Overweight
2026-01-21BarclaysMaintains Equal-Weight -> Equal-Weight
2026-01-16ScotiaBankDowngrade Sector Outperform -> Sector Perform
2026-01-05BernsteinMaintains Outperform -> Outperform
2025-12-31Roth CapitalReiterate Buy -> Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 5, 2026
Period
Q1 / 2026
EPS Estimate
$1.03
Revenue Estimate
3.954B
Revenue Q2Q
-11.19%
EPS Q2Q
-15.24%
Number of Analysts
28

Next Earnings Revisions

Revenue (1 Month)
-1.98%
Revenue (3 Months)
-4.65%
EPS (1 Month)
37.59%
EPS (3 Months)
8.02%

Next Earnings Summary

DVN is expected to report earnings on 5/5/2026. The consensus EPS estimate for the next earnings is 1.03 USD and the consensus revenue estimate is 3.95B USD.
The next earnings revenue estimate has been revised downward by 4.65% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2032

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Revenue
YoY % growth
DVN revenue by date.DVN revenue by date.
15.258B
-20.40%		15.94B
4.47%		17.188B
7.83%		20.675B
20.29%		22.443B
8.55%		22.042B
-1.79%		15.663B
-28.94%		14.843B
-5.24%		14.343B
-3.37%		14.253B
-0.63%
EBITDA
YoY % growth
DVN ebitda by date.DVN ebitda by date.
7.493B
-26.31%		7.437B
-0.75%		7.451B
0.19%		9.055B
21.53%		10.916B
20.55%		11.928B
9.27%		7.117B
-40.33%		8.626B
21.20%		N/AN/A
EBIT
YoY % growth
DVN ebit by date.DVN ebit by date.
4.939B
-37.84%		4.182B
-15.33%		3.856B
-7.80%		3.509B
-9.00%		4.693B
33.74%		3.658B
-22.05%		4.382B
19.79%		4.332B
-1.14%		N/AN/A
Operating Margin
DVN operating margin by date.DVN operating margin by date.
32.37%26.24%22.43%16.97%20.91%16.60%27.98%29.19%N/AN/A
EPS
YoY % growth
DVN eps by date.DVN eps by date.
5.70
-31.41%		4.83
-15.26%		3.91
-19.05%		4.74
21.22%		4.89
3.21%		5.05
3.34%		5.71
13.02%		6.84
19.80%		5.44
-20.46%		5.88
7.98%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		1.03
-15.24%		1.34
59.84%		1.23
18.36%		1.27
54.39%		1.10
7.25%		0.97
-28.09%		1.08
-12.43%		1.18
-7.17%		1.37
24.82%		1.16
20.61%		1.25
16.37%		1.34
13.95%
Revenue
Q2Q % growth		3.954B
-11.19%		4.73B
10.41%		5.167B
19.30%		5.17B
25.45%		6.821B
72.51%		6.225B
31.61%		6.345B
22.80%		6.59B
27.47%		6.78B
-0.60%		6.228B
0.05%		6.426B
1.28%		6.724B
2.03%
EBITDA
Q2Q % growth		1.878B
-4.38%		2.131B
-24.08%		2.635B
-28.53%		2.735B
-38.35%		3.19B
69.86%		3.072B
44.16%		3.251B
23.38%		3.346B
22.34%		3.667B
14.95%		3.411B
11.04%		3.525B
8.43%		3.648B
9.03%
EBIT
Q2Q % growth		903.83M
-14.08%		1.231B
25.48%		1.283B
30.65%		1.38B
64.09%		1.915B
111.88%		1.807B
46.79%		1.923B
49.88%		1.999B
44.86%		2.037B
6.37%		1.49B
-17.54%		1.607B
-16.43%		1.855B
-7.20%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

DVN Yearly Revenue VS EstimatesDVN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B 20B
DVN Yearly EPS VS EstimatesDVN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 2 4 6 8

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
8.94%
EPS Next 5 Year
11.85%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
8.73%
Revenue Next 5 Year
-2.84%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
45.57%
EBIT Next 5 Year
17.41%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

DEVON ENERGY CORP / DVN Forecast FAQ

What is the price target for DVN stock?

33 analysts have analysed DVN and the average price target is 56.54 USD. This implies a price increase of 17.42% is expected in the next year compared to the current price of 48.15.

When does DEVON ENERGY CORP (DVN) report earnings?

DEVON ENERGY CORP (DVN) will report earnings on 2026-05-05, after the market close.

What are the consensus estimates for DVN stock next earnings?

The consensus EPS estimate for the next earnings of DEVON ENERGY CORP (DVN) is 1.03 USD and the consensus revenue estimate is 3.95B USD.

How many analysts have analysed DEVON ENERGY CORP (DVN)?

The number of analysts covering DEVON ENERGY CORP (DVN) is 33.