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Devon Energy Corp has a consensus price target of $50.21 based on the ratings of 21 analysts. The high is $66 issued by Stifel on April 23, 2024. The low is $42 issued by Truist Securities on January 13, 2025. The 3 most-recent analyst ratings were released by Piper Sandler, Raymond James, and Bernstein on January 29, 2025, January 23, 2025, and January 15, 2025, respectively. With an average price target of $51 between Piper Sandler, Raymond James, and Bernstein, there's an implied 47.95% upside for Devon Energy Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Devon Energy (NYSE:DVN) was reported by Piper Sandler on January 29, 2025. The analyst firm set a price target for $54.00 expecting DVN to rise to within 12 months (a possible 56.66% upside). 64 analyst firms have reported ratings in the last year.
The latest analyst rating for Devon Energy (NYSE:DVN) was provided by Piper Sandler, and Devon Energy maintained their overweight rating.
The last upgrade for Devon Energy Corp happened on January 15, 2025 when Bernstein raised their price target to $45. Bernstein previously had a market perform for Devon Energy Corp.
The last downgrade for Devon Energy Corp happened on December 4, 2024 when JP Morgan changed their price target from N/A to N/A for Devon Energy Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Devon Energy, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Devon Energy was filed on January 29, 2025 so you should expect the next rating to be made available sometime around January 29, 2026.
While ratings are subjective and will change, the latest Devon Energy (DVN) rating was a maintained with a price target of $53.00 to $54.00. The current price Devon Energy (DVN) is trading at is $34.47, which is out of the analyst’s predicted range.
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