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Devon Energy (DVN): analyst forecast and price target

$50.73 +3.03% close 16.10.26 · market cap $54.2B · Energy · Oil & Gas Exploration & Production SPY 0.08%
Price targets and ratings of

Analyst consensus

Strong Buy

16 Buy1 Hold0 Sell

Ratings of 17 analysts in the last 3 months · top analysts only

12-month forecast

$61.47+21.2% upside

Based on 17 price targets given in the last 3 months, the average target is $61.47, the highest $67.00, the lowest $53.00. The average is +21.2% from the last price of $50.73.

$40.00$60.00Jan 26AprJulOctJan 27AprJulOctHigh$67.00Average$61.47Low$53.00
Highest target $67.00 Average target $61.47 Lowest target $53.00
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Nitin Kumar CFA★★★★★★★★★★#878 · hits 60% · avg +8.3% Mizuho Securities $68.00 → $65.00−4.4% Buy +28.1% Reiterated 16.10.26on TipRanks 07:35 +4.1%
Devin McDermott★★★★★★★★★★#719 · hits 59% · avg +9.9% Morgan Stanley $65.00 → $63.00−3.1% Buy +24.2% Assigned 15.10.26on TipRanks 08:35 −1.6%next day +4.1%
Mark Lear★★★★★★★★★★#1201 · hits 58% · avg +7.2% Piper Sandler $61.00 Buy +20.2% Initiated 14.10.26on TipRanks Oct 15 04:00 +0.5%next day −1.6%
Hanwen Chang★★★★★★★★★★#2405 · hits 56% · avg +8.6% Wells Fargo $64.00 Buy +26.2% Reiterated 14.10.26on TipRanks 07:00 +0.5%next day −1.6%
Gabriel Daoud★★★★★★★★★★#12169 · hits 41% · avg −9.8% Truist Financial $61.00 Buy +20.2% Reiterated 13.10.26on TipRanks 07:50 +2.6%next day +0.5%
Betty Jiang★★★★★★★★★★#3670 · hits 49% · avg +3.3% Barclays $58.00 → $60.00+3.4% Buy +18.3% Reiterated 09.10.26on TipRanks 04:50 −1.9%next day +1.5% · 5 days +7.1%
Josh Silverstein★★★★★★★★★★#630 · hits 61% · avg +10.8% UBS $63.00 → $65.00+3.2% Buy +28.1% Reiterated 07.10.26on TipRanks 09:05 −0.1%next day +2.6% · 5 days +5.2%
Gabriel Daoud★★★★★★★★★★#12169 · hits 41% · avg −9.8% Truist Financial — Buy — Reiterated 06.10.26on TipRanks Oct 7 07:11 −0.5%next day −0.1% · 5 days +4.7%
Betty Jiang★★★★★★★★★★#3670 · hits 49% · avg +3.3% Barclays $58.00 Buy +14.3% Reiterated 05.10.26on TipRanks 04:55 0.0%next day −0.5% · 5 days +1.6%
Lloyd Byrne★★★★★★★★★★#307 · hits 58% · avg +18.7% Jefferies $60.00 Buy +18.3% Reiterated 03.10.26on TipRanks 09:30 0.0%next day −0.5% · 5 days +1.6%
Arun Jayaram★★★★★★★★★★#1023 · hits 59% · avg +8.0% J.P. Morgan $60.00 → $65.00+8.3% Buy +28.1% Reiterated 02.10.26on TipRanks 07:10 +0.3%next day 0.0% · 5 days +0.1%
Neil Mehta★★★★★★★★★★#490 · hits 63% · avg +11.2% Goldman Sachs $55.00 Buy +8.4% Assigned 30.09.26on TipRanks Oct 1 05:50 −1.0%next day +2.3% · 5 days +2.1%
Hanwen Chang★★★★★★★★★★#2405 · hits 56% · avg +8.6% Wells Fargo $64.00 Buy +26.2% Assigned 28.09.26on TipRanks Sep 27 19:10 +0.1%next day −0.1% · 5 days +1.5%
Gabriele Sorbara★★★★★★★★★★#1092 · hits 57% · avg +7.9% Siebert Williams Shank & Co $64.00 Buy +26.2% Reiterated 23.09.26on TipRanks 06:55 +3.1%next day +1.9% · 5 days −3.5%
Josh Silverstein★★★★★★★★★★#630 · hits 61% · avg +10.8% UBS $55.00 → $63.00+14.5% Buy +24.2% Assigned 15.09.26on TipRanks Sep 14 05:55 −0.5%next day +4.3% · 5 days −5.6%
John Freeman★★★★★★★★★★#38 · hits 68% · avg +30.1% Raymond James $64.00 → $67.00+4.7% Buy +32.1% Reiterated 14.09.26on TipRanks 09:30 −0.5%next day +4.3% · 5 days −5.6%
Betty Jiang★★★★★★★★★★#3670 · hits 49% · avg +3.3% Barclays $58.00 Buy +14.3% Reiterated 10.09.26on TipRanks 05:36 +2.7%next day −0.4% · 5 days −2.6%
David Deckelbaum★★★★★★★★★★#1693 · hits 49% · avg +10.0% TD Cowen $61.00 Buy +20.2% Initiated 10.09.26on TipRanks Sep 9 17:35 +2.7%next day −0.4% · 5 days −2.6%
Unknown Analyst Seaport Global $65.00 Buy +28.1% Initiated 02.09.26on TipRanks Sep 3 09:26 −0.5%next day −1.5% · 5 days +3.0%
Scott Gruber★★★★★★★★★★#383 · hits 60% · avg +15.6% Citi $65.00 → $67.00+3.1% Buy +32.1% Reiterated 31.08.26on TipRanks 05:25 +2.7%next day +1.8% · 5 days −0.1%
Scott Hanold★★★★★★★★★★#206 · hits 65% · avg +17.9% RBC Capital $59.00 → $58.00−1.7% Hold +14.3% Reiterated 20.08.26on TipRanks Aug 21 21:45 +3.1%next day −0.8% · 5 days −5.5%
Devin McDermott★★★★★★★★★★#719 · hits 59% · avg +9.9% Morgan Stanley $63.00 Buy +24.2% Assigned 20.08.26on TipRanks 08:20 +3.1%next day −0.8% · 5 days −5.5%
Neil Mehta★★★★★★★★★★#490 · hits 63% · avg +11.2% Goldman Sachs $53.00 → $55.00+3.8% Buy +8.4% Reiterated 18.08.26on TipRanks Aug 19 08:11 +1.2%next day +0.5% · 5 days −1.7%
Bill Selesky★★★★★★★★★★#1503 · hits 60% · avg +7.8% Argus Research $53.00 Buy +4.5% Reiterated 14.08.26on TipRanks Aug 17 09:55 +3.5%next day +4.2% · 5 days +8.5%
Arun Jayaram★★★★★★★★★★#1023 · hits 59% · avg +8.0% J.P. Morgan $55.00 → $60.00+9.1% Buy +18.3% Reiterated 06.08.26on TipRanks Aug 7 08:10 +2.6%next day −0.9% · 5 days +1.8%
Gabriel Daoud★★★★★★★★★★#12169 · hits 41% · avg −9.8% Truist Financial $61.00 → $65.00+6.6% Buy +28.1% Reiterated 06.08.26on TipRanks Aug 5 08:35 −4.2%next day +2.6% · 5 days +6.2%
Chris Baker★★★★★★★★★★#745 · hits 77% · avg +47.0% Evercore ISI $54.00 Buy +6.4% Reiterated 05.08.26on TipRanks 10:35 −4.2%next day +2.6% · 5 days +6.2%
Neal Dingmann★★★★★★★★★★#11544 · hits 41% · avg −2.5% William Blair — Buy — Reiterated 04.08.26on TipRanks 18:05 −4.2%next day +2.6% · 5 days +6.2%
Charles Minervino★★★★★★★★★★#59 · hits 71% · avg +23.0% Susquehanna $57.00 → $63.00+10.5% Buy +24.2% Reiterated 21.07.26on TipRanks Jul 23 21:16 −0.1%next day +1.9% · 5 days −2.3%
Unknown Analyst Benchmark Co. $44.00 Buy −13.3% Reiterated 21.07.26on TipRanks Jul 23 21:16 −0.1%next day +1.9% · 5 days −2.3%
Phillip Jungwirth★★★★★★★★★★#1299 · hits 52% · avg +8.6% BMO Capital $60.00 → $65.00+8.3% Buy +28.1% Reiterated 10.06.26on TipRanks 09:55 +7.3%next day −6.0% · 5 days −10.1%
Nicholas Pope★★★★★★★★★★#6448 · hits 44% · avg +1.8% Roth MKM $57.00 Buy +12.4% Reiterated 10.06.26on TipRanks 07:50 +7.3%next day −6.0% · 5 days −10.1%
Nitin Kumar CFA★★★★★★★★★★#878 · hits 60% · avg +8.3% Mizuho Securities $62.00 → $68.00+9.7% Buy +34.0% Reiterated 27.05.26on TipRanks 06:50 −1.9%next day −0.9% · 5 days +3.8%
Lloyd Byrne★★★★★★★★★★#307 · hits 58% · avg +18.7% Jefferies $62.00 → $63.00+1.6% Buy +24.2% Reiterated 17.05.26on TipRanks May 18 02:50 +0.5%next day +0.7% · 5 days −10.8%
Bob Brackett★★★★★★★★★★#584 · hits 63% · avg +17.6% Bernstein $59.00 Buy +16.3% Reiterated 11.05.26on TipRanks 09:15 +2.2%next day +0.2% · 5 days +6.4%
Betty Zhang★★★★★★★★★★#2397 · hits 72% · avg +18.6% Scotiabank $46.00 Hold −9.3% Reiterated 06.05.26on TipRanks 07:55 −10.0%next day −2.5% · 5 days −0.5%
Kalei Akamine★★★★★★★★★★#2813 · hits 56% · avg +6.3% Bank of America Securities $53.00 → $57.00+7.5% Buy +12.4% Reiterated 27.04.26on TipRanks 10:20 +0.4%next day +3.1% · 5 days +6.0%
Mark Lear★★★★★★★★★★#1201 · hits 58% · avg +7.2% Piper Sandler $59.00 → $67.00+13.6% Buy +32.1% Reiterated 12.03.26on TipRanks 06:01 +3.3%next day +1.2% · 5 days +7.1%
Subash Chandra★★★★★★★★★★#1262 · hits 48% · avg +10.5% Benchmark Co. $44.00 Buy −13.3% Reiterated 16.01.26on TipRanks 08:40 −0.2%next day +2.3% · 5 days +6.6%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Devon Energy

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Josh Silverstein★★★★★★★★★★UBS · #630
Hits 61%265 of 431 Average return +10.8%
1 year Josh Silverstein★★★★★★★★★★UBS · #630
Hits 61%265 of 431 Average return +10.8%
2 years Kalei Akamine★★★★★★★★★★Bank of America Securities · #2813
Hits 56%88 of 157 Average return +6.3%

Most profitable

3 months Phillip Jungwirth★★★★★★★★★★BMO Capital · #1299
Hits 52%216 of 414 Average return +8.6%
1 year Josh Silverstein★★★★★★★★★★UBS · #630
Hits 61%265 of 431 Average return +10.8%
2 years Josh Silverstein★★★★★★★★★★UBS · #630
Hits 61%265 of 431 Average return +10.8%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $60.24 at a price of $46.04 (+30.8%); now: $60.75 at $50.73 (+19.8%).

$50.00$55.00$60.00Sep 15Oct 1Oct 15Top analysts$61.47Average target$60.75Price$50.73

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

0204042014Oct 2522611Nov2349Dec3378Jan 262469Feb1479Mar416Apr1366May4356Jun6375Jul5332Aug2272Sep271Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy146520
Buy363537332727
Hold665221
Sell000000

Earnings and sales forecast

Next report: 05.11.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $1.26 (from $0.84 to $1.49). Last quarter: $1.57.

Sales

Next quarter’s sales estimate — $6.5B (from $4.8B to $8.3B). Last quarter: $7.0B.

Best top-analyst consensus in the sector · Energy

NESRNational Energy Services Reunited
SEISolaris Energy Infrastructure
TRGPTarga Resources
VNOMViper Energy
WMBWilliams Co
About Devon Energy
  • CEO: Clay Gaspar
  • Employees: 2,200
  • Three Memorial City Plaza, Houston, TX, 77024, US
  • www.devonenergy.com

As an independent energy producer, Devon Energy Corporation primarily focuses on the exploration, development, and extraction of oil, natural gas, and natural gas liquids within the United States. The company manages roughly 5,134 gross wells. Established in 1971, its corporate headquarters are located in Oklahoma City, Oklahoma.

Data from the stock’s TipRanks forecast page, read 0 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗