Devon Energy Corporation (DVN) Stock Forecast & Price Target
Devon Energy Corporation · NYSE
$42.76-0.40 (-0.93%)
15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 17 firms covering Devon Energy Corporation, 15 rate it Buy or better, 2 sit at Hold, and 0 rate it Sell or worse, a strong buy consensus. Targets span $42.00 to $68.00, a moderate spread. The average target of $57.75 sits 35% above the current $42.76. The rating mix has held broadly steady over recent months. On the fundamentals, the Street sees consensus EPS building from about $1.20 next quarter toward $5.00 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS17 ratings
Strong Buy
Strong Buy16%
Buy1482%
Hold212%
Sell00%
Strong Sell00%
Based on 17 analysts giving stock ratings to Devon Energy Corporation.
As of Jul, 15 of 17 firms rate DVN a Buy (2 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
DVN EPS & revenue forecast
EPS · NEXT QUARTER
$1.20
Range $0.75 – $1.68 · 17 analysts · +15% YoY
Next period, 17 analysts expect Devon Energy Corporation to earn $1.20 a share (range $0.75 – $1.68), versus $1.04 a year earlier. Full-year consensus is $4.88, growing to $5.00 the year after.
REVENUE · NEXT QUARTER
$6.9B
Range $5.4B – $8.1B · 17 analysts · +59% YoY
Revenue is expected to reach $6.9B (range $5.4B – $8.1B), +58.7% year-over-year. Full-year consensus is $23.8B, rising to $27.2B next year.
Top analysts covering Devon Energy Corporation
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on DVN.
#1
Scott Gruber
Citigroup · Rank #13
Buy
$65.00+52.0% to target
Overall win rate
58%
+ Follow
#2
Devin McDermott
Morgan Stanley · Rank #49
Buy
$63.00+47.3% to target
Overall win rate
48%
+ Follow
#3
Neil Mehta
Goldman Sachs · Rank #59
Buy
$54.00+26.3% to target
Overall win rate
42%
+ Follow
#4
Nitin Kumar
Mizuho · Rank #110
Buy
$68.00+59.0% to target
Overall win rate
47%
+ Follow
#5
John Freeman
Raymond James · Rank #155
Buy
$64.00+49.7% to target
Overall win rate
39%
+ Follow
DVN stock forecast FAQ
What is DVN's average 12-month price target?+
The 16 analysts with a live target average $57.75 for Devon Energy Corporation over the next 12 months, ranging from a $68.00 high to a $42.00 low.
Is DVN stock a Buy, Sell or Hold right now?+
The current consensus is Strong Buy. Of the 17 analyst ratings, 15 are Buy or Strong Buy, 2 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for DVN?+
The Street-high target is $68.00 (Mizuho), and the Street-low is $42.00 (Bernstein). The average of all 16 active targets is $57.75.
How many Wall Street analysts cover DVN?+
17 analysts have an active rating on Devon Energy Corporation, and 16 firms carry a live 12-month price target.
Who is the most accurate analyst covering DVN?+
Among analysts who currently cover DVN, Scott Gruber of Citigroup has the strongest overall Quantellect track record (Rank #13). Their current call is Buy with a $65.00 target.
What is Devon Energy Corporation's projected EPS for next quarter?+
The consensus estimate is $1.20 per share (range $0.75 – $1.68) across 17 analysts. Full-year EPS is projected at $4.88, rising to $5.00 the following year.
How much revenue is Devon Energy Corporation expected to report next quarter?+
Consensus revenue is $6.9B (range $5.4B – $8.1B). Full-year revenue is projected at $23.8B, growing to $27.2B next year.
Have analysts been upgrading or downgrading DVN lately?+
As of Jul, 15 of 17 firms rate DVN a Buy (2 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their DVN calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
