Devon Energy Corp has a consensus price target of $58.95, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Morgan Stanley, Stifel, and Citigroup on March 28, 2024, March 22, 2024, and March 18, 2024. With an average price target of $56.33 between Morgan Stanley, Stifel, and Citigroup, there's an implied 12.67% upside for Devon Energy Corp from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
03/28/2024 | DVN | Buy Now | Devon Energy | $50.00 | -2% | Morgan Stanley | Devin McDermott | $48 → $49 | Maintains | Overweight | Get Alert |
03/22/2024 | DVN | Buy Now | Devon Energy | $50.00 | 30% | Stifel | Derrick Whitfield | $75 → $65 | Maintains | Buy | Get Alert |
03/18/2024 | DVN | Buy Now | Devon Energy | $50.00 | 10% | Citigroup | Scott Gruber | $52 → $55 | Maintains | Buy | Get Alert |
03/07/2024 | DVN | Buy Now | Devon Energy | $50.00 | 10% | RBC Capital | Scott Hanold | → $55 | Reiterates | Sector Perform → Sector Perform | Get Alert |
01/24/2024 | DVN | Buy Now | Devon Energy | $50.00 | 4% | Raymond James | John Freeman | $53 → $52 | Maintains | Outperform | Get Alert |
01/24/2024 | DVN | Buy Now | Devon Energy | $50.00 | 18% | Piper Sandler | Mark Lear | $61 → $59 | Maintains | Overweight | Get Alert |
01/23/2024 | DVN | Buy Now | Devon Energy | $50.00 | 50% | Stifel | Derrick Whitfield | $77 → $75 | Maintains | Buy | Get Alert |
01/11/2024 | DVN | Buy Now | Devon Energy | $50.00 | 6% | Mizuho | Nitin Kumar | $54 → $53 | Maintains | Buy | Get Alert |
12/19/2023 | DVN | Buy Now | Devon Energy | $50.00 | 6% | Raymond James | John Freeman | $61 → $53 | Maintains | Outperform | Get Alert |
12/14/2023 | DVN | Buy Now | Devon Energy | $50.00 | -4% | UBS | Josh Silverstein | $52 → $48 | Maintains | Neutral | Get Alert |
12/11/2023 | DVN | Buy Now | Devon Energy | $50.00 | 4% | Morgan Stanley | Devin McDermott | $48 → $52 | Upgrade | Equal-Weight → Overweight | Get Alert |
12/06/2023 | DVN | Buy Now | Devon Energy | $50.00 | 16% | JP Morgan | Arun Jayaram | $57 → $58 | Upgrade | Neutral → Overweight | Get Alert |
11/29/2023 | DVN | Buy Now | Devon Energy | $50.00 | -4% | Morgan Stanley | Devin McDermott | $50 → $48 | Maintains | Equal-Weight | Get Alert |
11/27/2023 | DVN | Buy Now | Devon Energy | $50.00 | 54% | Stifel | Derrick Whitfield | $79 → $77 | Maintains | Buy | Get Alert |
11/22/2023 | DVN | Buy Now | Devon Energy | $50.00 | -4% | Wells Fargo | Roger Read | $50 → $48 | Maintains | Equal-Weight | Get Alert |
11/16/2023 | DVN | Buy Now | Devon Energy | $50.00 | 22% | Piper Sandler | Mark Lear | $67 → $61 | Maintains | Overweight | Get Alert |
11/15/2023 | DVN | Buy Now | Devon Energy | $50.00 | 10% | RBC Capital | Scott Hanold | $60 → $55 | Maintains | Sector Perform | Get Alert |
11/14/2023 | DVN | Buy Now | Devon Energy | $50.00 | 4% | UBS | Josh Silverstein | $54 → $52 | Maintains | Neutral | Get Alert |
11/09/2023 | DVN | Buy Now | Devon Energy | $50.00 | 30% | Truist Securities | Neal Dingmann | $68 → $65 | Maintains | Buy | Get Alert |
The latest price target for Devon Energy (NYSE: DVN) was reported by Morgan Stanley on March 28, 2024. The analyst firm set a price target for $49.00 expecting DVN to fall to within 12 months (a possible -2.00% downside). 59 analyst firms have reported ratings in the last year.
The latest analyst rating for Devon Energy (NYSE: DVN) was provided by Morgan Stanley, and Devon Energy maintained their overweight rating.
The last upgrade for Devon Energy Corp happened on December 11, 2023 when Morgan Stanley raised their price target to $52. Morgan Stanley previously had an equal-weight for Devon Energy Corp.
The last downgrade for Devon Energy Corp happened on October 17, 2023 when Bernstein 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 March 28, 2024 so you should expect the next rating to be made available sometime around March 28, 2025.
While ratings are subjective and will change, the latest Devon Energy (DVN) rating was a maintained with a price target of $48.00 to $49.00. The current price Devon Energy (DVN) is trading at is $50.00, which is out of the analyst’s predicted range.
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