Devon Energy
(NYSE:DVN)
$50.00
0.54[1.09%]
At close: Mar 28
$50.00
0[0.00%]
After Hours: 7:48PM EDT
Consensus Rating1
Buy
Highest Price Target1
$90.00
Lowest Price Target1
$48.00
Consensus Price Target1
$58.95

Devon Energy Stock (NYSE:DVN), Analyst Ratings, Price Targets, Predictions

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.

Analyst Rating Summary1

Analyst Ratings
Oct 23
1
5
Nov 23
3
3
Dec 23
3
1
Jan
4
Mar
3
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Morgan Stanley
Stifel
Citigroup
RBC Capital
Raymond James

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Devon Energy

date
ticker
Buy Now
Company
Current price
Upside/Downside
Analyst Firm
Analyst & % Accurate
Price Target Change
Rating Change
Previous / Current Rating
Get Alert
03/28/2024DVNBuy Now
Devon Energy
$50.00-2%Morgan Stanley
Devin McDermott
$48 → $49MaintainsOverweightGet Alert
03/22/2024DVNBuy Now
Devon Energy
$50.0030%Stifel
Derrick Whitfield
$75 → $65MaintainsBuyGet Alert
03/18/2024DVNBuy Now
Devon Energy
$50.0010%Citigroup
Scott Gruber
$52 → $55MaintainsBuyGet Alert
03/07/2024DVNBuy Now
Devon Energy
$50.0010%RBC Capital
Scott Hanold
→ $55ReiteratesSector Perform → Sector PerformGet Alert
01/24/2024DVNBuy Now
Devon Energy
$50.004%Raymond James
John Freeman
$53 → $52MaintainsOutperformGet Alert
01/24/2024DVNBuy Now
Devon Energy
$50.0018%Piper Sandler
Mark Lear
$61 → $59MaintainsOverweightGet Alert
01/23/2024DVNBuy Now
Devon Energy
$50.0050%Stifel
Derrick Whitfield
$77 → $75MaintainsBuyGet Alert
01/11/2024DVNBuy Now
Devon Energy
$50.006%Mizuho
Nitin Kumar
$54 → $53MaintainsBuyGet Alert
12/19/2023DVNBuy Now
Devon Energy
$50.006%Raymond James
John Freeman
$61 → $53MaintainsOutperformGet Alert
12/14/2023DVNBuy Now
Devon Energy
$50.00-4%UBS
Josh Silverstein
$52 → $48MaintainsNeutralGet Alert
12/11/2023DVNBuy Now
Devon Energy
$50.004%Morgan Stanley
Devin McDermott
$48 → $52UpgradeEqual-Weight → OverweightGet Alert
12/06/2023DVNBuy Now
Devon Energy
$50.0016%JP Morgan
Arun Jayaram
$57 → $58UpgradeNeutral → OverweightGet Alert
11/29/2023DVNBuy Now
Devon Energy
$50.00-4%Morgan Stanley
Devin McDermott
$50 → $48MaintainsEqual-WeightGet Alert
11/27/2023DVNBuy Now
Devon Energy
$50.0054%Stifel
Derrick Whitfield
$79 → $77MaintainsBuyGet Alert
11/22/2023DVNBuy Now
Devon Energy
$50.00-4%Wells Fargo
Roger Read
$50 → $48MaintainsEqual-WeightGet Alert
11/16/2023DVNBuy Now
Devon Energy
$50.0022%Piper Sandler
Mark Lear
$67 → $61MaintainsOverweightGet Alert
11/15/2023DVNBuy Now
Devon Energy
$50.0010%RBC Capital
Scott Hanold
$60 → $55MaintainsSector PerformGet Alert
11/14/2023DVNBuy Now
Devon Energy
$50.004%UBS
Josh Silverstein
$54 → $52MaintainsNeutralGet Alert
11/09/2023DVNBuy Now
Devon Energy
$50.0030%Truist Securities
Neal Dingmann
$68 → $65MaintainsBuyGet Alert

FAQ

Q

What is the target price for Devon Energy (DVN)?

A

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.

Q

What is the most recent analyst rating for Devon Energy (DVN)?

A

The latest analyst rating for Devon Energy (NYSE: DVN) was provided by Morgan Stanley, and Devon Energy maintained their overweight rating.

Q

When was the last upgrade for Devon Energy (DVN)?

A

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.

Q

When was the last downgrade for Devon Energy (DVN)?

A

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.

Q

When is the next analyst rating going to be posted or updated for Devon Energy (DVN)?

A

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.

Q

Is the Analyst Rating Devon Energy (DVN) correct?

A

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.

Browse analyst ratings and price targets on all stocks.

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