NYSE:DVN

Devon Energy - DVN Price Target & Analyst Ratings

$68.42

+0.06 (+0.09%)

(As of 09/8/2022 10:58 AM ET)

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Today's Range: $68.29
▼
$69.21
50-Day Range: $51.00
▼
$74.14
52-Week Range: $27.40
▼
$79.40

Volume: 128,712 shs
Average Volume: 11.05 million shs
Market Capitalization: $44.80 billion

P/E Ratio: 8.68
Dividend Yield: 7.31%
Price Target: $75.53

Devon Energy Consensus Rating and Price Target (2022)

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 Analyst Rating

Moderate Buy
Based on 14 Analyst Ratings

Consensus Analyst Price Target

$75.53
10.39% Upside

High Prediction	$115.00
Average Prediction	$75.53
Low Prediction	$48.00

Type	Current 9/8/21 to 9/8/22	1 Month Ago 8/9/21 to 8/9/22	3 Months Ago 6/10/21 to 6/10/22	1 Year Ago 9/8/20 to 9/8/21
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	16 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$75.53	$76.24	$71.89	$29.79
Predicted Upside	10.39% Upside	31.02% Upside	20.03% Upside	34.09% Upside

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DVN Analyst Ratings 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	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.64	2.60	2.49
Consensus Rating	Moderate Buy	Buy	Hold
Predicted Upside	10.49% Upside	127.19% Upside	21.73% Upside
News Sentiment Rating	Positive News	Positive News	Neutral News
MarketBeat Community Rating	Outperform Votes 1299 74.36% Underperform Votes 448 25.64%	Avg. Outperform Votes 187 64.71% Avg. Underperform Votes 102 35.29%	Avg. Outperform Votes 851 68.46% Avg. Underperform Votes 392 31.54%

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/29/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$67.00 ➝ $69.00	-7.70%
8/18/2022	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$88.00 ➝ $91.00	+41.88%
8/17/2022	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy	$80.00 ➝ $85.00	+33.69%
8/10/2022	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$110.00 ➝ $115.00	+93.90%
7/22/2022	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$97.00 ➝ $94.00	+67.26%
7/19/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jeanine Wai Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$89.00	+55.57%
7/19/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$80.00 ➝ $66.00	+20.83%
7/5/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$70.00 ➝ $61.00	+10.69%
6/9/2022	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$88.00 ➝ $93.00	+19.34%
6/9/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$75.00 ➝ $82.00	+5.22%
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5/24/2022	Johnson Rice Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Accumulate
4/25/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$62.00 ➝ $73.00	+30.15%
3/14/2022	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$53.00 ➝ $73.00	+24.49%
3/2/2022	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
2/17/2022	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$54.00 ➝ $62.00	+13.24%
1/20/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$39.00 ➝ $57.00	+16.49%
11/9/2021	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Bill Selesky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$32.00 ➝ $53.00	+20.13%
6/21/2021	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$27.00 ➝ $37.00	+36.78%
5/5/2021	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$27.00 ➝ $30.00	+23.36%
4/28/2021	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	In-Line ➝ Outperform	$28.00	+26.47%
3/18/2021	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$22.00 ➝ $30.00	+29.76%
1/13/2021	US Capital Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Horwitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
1/13/2021	Siebert Williams Shank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$17.00	-13.75%
11/19/2020	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive ➝ Outperform	$14.00 ➝ $20.00	+56.74%
11/2/2020	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$19.00 ➝ $20.00	+113.90%
8/26/2020	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Johnston Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$14.00 ➝ $15.00	+36.61%
6/29/2020	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$14.00 ➝ $19.00	+74.79%
6/19/2020	SunTrust Banks Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$13.00 ➝ $14.00	+3.32%
1/24/2020	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
1/21/2020	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$30.00	+16.05%

(Data available from 9/8/2017 forward. View 10+ years of historical ratings with our analyst ratings screener.)

DVN Price Target - Frequently Asked Questions

What is Devon Energy's consensus rating and price target?: According to the issued ratings of 14 analysts in the last year, the consensus rating for Devon Energy stock is Moderate Buy based on the current 6 hold ratings, 7 buy ratings and 1 strong buy rating for DVN. The average twelve-month price prediction for Devon Energy is $75.53 with a high price target of $115.00 and a low price target of $48.00. Learn more on DVN's analyst rating history.
Do Wall Street analysts like Devon Energy more than its competitors?: Analysts like Devon Energy more than other Oils/Energy companies. The consensus rating for Devon Energy is Moderate Buy while the average consensus rating for oils/energy companies is Buy. Learn more on how DVN compares to other companies.
Do MarketBeat users like Devon Energy more than its competitors?: MarketBeat users like Devon Energy more than other Oils/Energy companies. 74.36% of MarketBeat users gave Devon Energy an outperform vote while oils/energy companies recieve an average of 64.71% outperform votes by MarketBeat users.

Does Devon Energy's stock price have much upside?: According to analysts, Devon Energy's stock has a predicted upside of 25.54% based on their 12-month price targets.
What analysts cover Devon Energy?: Devon Energy has been rated by Bank of America, Barclays, Mizuho, Morgan Stanley, Piper Sandler, Raymond James, The Goldman Sachs Group, and Truist Financial in the past 90 days.

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This page (NYSE:DVN) was last updated on 9/8/2022 by MarketBeat.com Staff

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