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DVN Stock Forecast: Devon Energy Corp. Price Predictions for 2026-2027

Last close, 5 Oct 2026
$48
+0.69% on the day

The 29 Wall Street analysts covering Devon Energy Corp. hold a median 12-month price target of $63 — +30.3% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 47 of 100 as at 3 Oct 2026 — in the lower half.

Market cap
$52.4B
Ticker Nerd rank
47 / 100
Median analyst target
$63
Analysts covering
29
Revenue$7.4B+73.1% y/y
Operating income$2.5B
Net income$1.9B
Free cash flow−$373.0M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+2.7%
1M
+0.5%
YTD
+33.4%
1Y
+42.3%
From 52W high
−6.6%
From 52W low
+55.0%
$31
$51
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

DVN stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Devon Energy Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 3 Oct 2026
47 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Volatility
85
Momentum
78
Growth
68
Revisions
68
Quality
58
Accruals
51
Value
44
Issuance
12
Size
5

Volatility (85): The share price has been relatively steady.

Issuance (12): The company has been issuing shares or taking on financing, diluting existing holders.

Size (5): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

DVN stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on DVN, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$30$40$50$60$70Jan 26Apr 26Jul 26Oct 26DVNHigh $68Median $63Low $44

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says29 analysts
26 Buy3 Hold0 Sell
Low $44Median $63High $68

The green dot is the last close — the median target sits +30.3% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 6 moved their price target up and 3 moved it down.

DateFirmActionRatingTarget
2 Oct 2026JP MorganMaintainsOverweight$60 → $65
28 Sept 2026Wells FargoMaintainsOverweight$65 → $64
14 Sept 2026Raymond JamesMaintainsStrong Buy—
14 Sept 2026Raymond JamesMaintainsStrong Buy$64 → $67
14 Sept 2026UBSMaintainsBuy$55 → $63
14 Sept 2026UBSMaintainsBuy—
10 Sept 2026StifelReinstatesBuy$61
3 Sept 2026Seaport GlobalInitiatesBuy—
3 Sept 2026Seaport GlobalInitiatesBuy$65
31 Aug 2026CitigroupMaintainsBuy—
31 Aug 2026CitigroupMaintainsBuy$65 → $67
17 Aug 2026Argus ResearchReiteratesBuy—
17 Aug 2026Argus ResearchReiteratesBuy$46
17 Aug 2026BarclaysMaintainsOverweight—
17 Aug 2026BarclaysMaintainsOverweight$62 → $58
13 Aug 2026Wells FargoMaintainsOverweight$68 → $65
13 Aug 2026Wells FargoMaintainsOverweight—
6 Aug 2026Truist SecuritiesMaintainsBuy—
6 Aug 2026Truist SecuritiesMaintainsBuy$61 → $65
21 July 2026SusquehannaMaintainsPositive$57 → $63

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. DVN appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

DVN vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 5 Oct 2026, Devon Energy Corp. returned +42.3% against +16.2% for the S&P 500, dividends included.

DVN vs S&P 500, last 12 monthsTotal return, rebased to 100
90100110120130140150Jan 26Apr 26Jul 26Oct 26DVNS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

DVN analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
−1.5%
Analysts raising
13
Analysts cutting
4
Fundamentals

Devon Energy Corp. (DVN) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
10.4×

Cheaper than 57% of US stocks

Price / sales
2.8×

Cheaper than 43% of US stocks

Price / book
1.3×

Cheaper than 62% of US stocks

EV / EBITDA
7.1×

Cheaper than 48% of US stocks

Growth & margins
Revenue growth (YoY)
64.2%

Higher than 89% of US stocks

Earnings growth (YoY)
112.6%

Higher than 85% of US stocks

Gross margin
36.9%

Higher than 45% of US stocks

Operating margin
41.1%

Higher than 92% of US stocks

Net margin
17.5%

Higher than 80% of US stocks

Returns & dividend
Return on equity
11.5%

Higher than 67% of US stocks

Return on assets
5.9%

Higher than 81% of US stocks

Dividend yield
2.7%

Higher than 73% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Devon Energy Corp. (DVN) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Devon Energy Corp. has a market value of $52.4B and an enterprise value of $63.4B.

  • Revenue in the twelve months to 30 June 2026: $19.7B. The latest quarter grew 64.2% year on year.

  • Net income over the same four quarters: $3.3B, a 16.7% net margin.

  • Diluted earnings per share, trailing twelve months: $4.21.

  • Free cash flow in the twelve months to 30 June 2026: $1.5B, after $3.9B of capital spending.

  • Devon Energy Corp. spent $766.0M on share buybacks and $821.0M on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 1.1B.

  • Trailing P/E: 10.4×; forward P/E: 8.8× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 2.68%, paying out 23% of earnings.

  • Devon Energy Corp. employs 2,200 people — $8.9M of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 3 Oct 2026

Data provided by Twelve Data

Peers

DVN vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelOil & Gas E&P
CompanyMarket capTKN rank
DVNDevon Energy Corp.$52.4B
47
OXYOccidental Petroleum Corp.$57.2B
78
FANGDiamondback Energy, Inc.$51.7B
71
EOGEOG Resources, Inc.$76.7B
83
EQTEQT Corp.$31.4B
58
TPLTexas Pacific Land Corp.$23.5B
71
EXEExpand Energy Corp.$19.8B
84

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Devon Energy Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest DVN news & analysis

Will Devon Energy (DVN) Beat Estimates Again in Its Next Earnings Report?

Zacks Investment Research · 5 Oct 2026positive

Zacks Investment Research reports that Devon Energy (DVN) has an impressive earnings surprise history and currently possesses the right combination of two key ingredients for a likely earnings beat in its next quarterly report.

Why it matters — DVN watchers would be interested because the company's strong earnings surprise track record and favorable indicators suggest it may beat expectations again in its upcoming quarterly report.

These Energy Companies Put Oklahoma City on the Map. Now They're Moving to Texas.

WSJ · 5 Oct 2026neutral

Devon Energy and Expand Energy are relocating from Oklahoma City, part of a broader trend where oil-and-gas mergers are consolidating the industry in Houston. The moves mark a shift away from Oklahoma City for these energy companies.

Why it matters — Devon Energy's relocation signals its continued integration into the Houston-centered oil-and-gas industry amid ongoing consolidation, which DVN watchers would track as part of the company's strategic positioning.

The Supermajor vs. the Shale Specialist: Is ExxonMobil or Devon Energy the Better Buy at $100 Oil?

The Motley Fool · 2 Oct 2026neutral

The Motley Fool published a comparison piece examining whether integrated supermajor ExxonMobil or shale specialist Devon Energy is the better investment at $100 oil. The article notes that ExxonMobil rewards investors through the entire energy cycle, while Devon's shale focus benefits from high oil prices.

Why it matters — The article frames Devon's shale-focused strategy and its implications for investors against ExxonMobil's integrated model, providing context for DVN watchers evaluating the company's positioning under current oil prices.

Devon Energy (DVN) Exceeds Market Returns: Some Facts to Consider

Zacks Investment Research · 1 Oct 2026neutral

Devon Energy (DVN) closed at $47.16 in the most recent trading session, a +2.43% gain from the previous trading day. The article notes that Devon exceeded market returns in this session.

Why it matters — This trading update provides DVN watchers with the latest stock price movement and relative performance versus the broader market.

Devon Energy (DVN) Declines More Than Market: Some Information for Investors

Zacks Investment Research · 30 Sept 2026negative

In its most recent trading session, Devon Energy closed at $46.04, a 1.2% decline from the prior trading day. The stock's drop was larger than the broader market's move during the session.

Why it matters — For DVN watchers, this reflects the stock underperforming the broader market in the latest session, offering a data point on recent trading momentum.

FAQ

Frequently asked questions about DVN stock

What is the DVN stock price forecast for 2026-2027?

The 29 Wall Street analysts covering Devon Energy Corp. have a median 12-month price target of $63, with estimates ranging from $44 to $68. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is DVN stock a buy right now?

Of the 29 analysts covering Devon Energy Corp., 26 rate it a Buy, 3 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Devon Energy Corp. 47 out of 100 across roughly 4,600 US stocks as at 3 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank DVN?

As at 3 Oct 2026, Devon Energy Corp. ranks 47 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Volatility (85 of 100).

Will DVN stock go up?

No one can know that. What the data says: the median 12-month target from 29 analysts implies +30.3% from the last close, and Ticker Nerd's factor model ranks Devon Energy Corp. 47 out of 100 as at 3 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the DVN stock forecast for 2030?

No analyst covering Devon Energy Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for DVN are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $44 to $68 over the next 12 months.

How has DVN stock performed over the past year?

Devon Energy Corp. returned +42.3% over the 12 months to 5 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Devon Energy Corp. do?

Devon Energy Corporation is an independent oil and natural gas company focused on the exploration, development, and production of hydrocarbons in the United States. Devon Energy’s current portfolio centers on onshore resource plays, including the Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin, and Powder River Basin, where it develops crude oil, natural gas liquids, and natural gas.

What is the latest news on DVN?

The most recent item we track (Zacks Investment Research, 5 Oct 2026): "Will Devon Energy (DVN) Beat Estimates Again in Its Next Earnings Report?". Zacks Investment Research reports that Devon Energy (DVN) has an impressive earnings surprise history and currently possesses the right combination of two key ingredients for a likely earnings beat in its next quarterly report.

Company

About Devon Energy Corp.

Devon Energy Corporation is an independent oil and natural gas company focused on the exploration, development, and production of hydrocarbons in the United States. Devon Energy’s current portfolio centers on onshore resource plays, including the Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin, and Powder River Basin, where it develops crude oil, natural gas liquids, and natural gas. The company also operates related marketing, gathering, and processing activities that support its upstream production business. Its operations are built around a concentrated set of North American assets, making Devon Energy a significant participant in U.S. shale and unconventional energy markets. Headquartered in Houston, Texas, Devon Energy serves as a major supplier of energy commodities to wholesale markets and industrial customers across the domestic oil and gas value chain.

CEO Mr. Clay M. Gaspar · 2,200 employees · United States · https://www.devonenergy.com