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

Last close, 21 Aug 2026
$49
−0.41% on the day

The 27 Wall Street analysts covering Devon Energy Corp. hold a median 12-month price target of $60 — +22.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 44 of 100 as at 22 Aug 2026 — in the lower half.

Market cap
$54.0B
Ticker Nerd rank
44 / 100
Median analyst target
$60
Analysts covering
27
Total return, dividends reinvested
1W
+7.1%
1M
+11.3%
YTD
+35.7%
1Y
+48.6%
From 52W high
−5.0%
From 52W low
+57.6%
$31
$52
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 22 Aug 2026
44 / 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
87
Momentum
80
Growth
72
Quality
57
Revisions
53
Accruals
50
Value
46
Issuance
12
Size
5

Volatility (87): 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$70Oct 25Jan 26Apr 26Jul 26DVNHigh $68Median $60Low $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.

What Wall Street says27 analysts
24 Buy3 Hold0 Sell
Low $44Median $60High $68

The green dot is the last close — the median target sits +22.2% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 2 moved their price target up and 5 moved it down.

DateFirmActionRatingTarget
17 Aug 2026Argus ResearchReiteratesBuy$46
17 Aug 2026BarclaysMaintainsOverweight$62 → $58
13 Aug 2026Wells FargoMaintainsOverweight$68 → $65
6 Aug 2026Truist SecuritiesMaintainsBuy$61 → $65
6 Aug 2026Truist SecuritiesMaintainsBuy—
21 July 2026SusquehannaMaintainsPositive$57 → $63
21 July 2026SusquehannaMaintainsPositive—
16 July 2026Raymond JamesMaintainsStrong Buy$66 → $64
16 July 2026Raymond JamesMaintainsStrong Buy—
15 July 2026UBSMaintainsBuy—
15 July 2026UBSMaintainsBuy$58 → $54
9 July 2026Truist SecuritiesMaintainsBuy—
9 July 2026Truist SecuritiesMaintainsBuy$66 → $61
8 July 2026JP MorganMaintainsOverweight—
29 June 2026Morgan StanleyMaintainsOverweight—
15 June 2026Raymond JamesMaintainsStrong Buy—
10 June 2026Evercore ISI GroupUpgradeOutperform—
10 June 2026UBSMaintainsBuy—
8 June 2026JP MorganReinstatesOverweight$62
1 June 2026Truist SecuritiesMaintainsBuy—

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.

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
+4.6%
Analysts raising
8
Analysts cutting
7
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
10.7×

Cheaper than 58% of US stocks

Price / sales
2.9×

Cheaper than 43% of US stocks

Price / book
1.4×

Cheaper than 62% of US stocks

EV / EBITDA
7.3×

Cheaper than 48% of US stocks

Growth & margins
Revenue growth (YoY)
64.2%

Higher than 90% of US stocks

Earnings growth (YoY)
112.6%

Higher than 85% of US stocks

Gross margin
36.9%

Higher than 46% 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
2.6%

Higher than 57% of US dividend payers

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

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.$54.0B
44
OXYOccidental Petroleum Corp.$60.4B
75
FANGDiamondback Energy, Inc.$61.0B
71
EOGEOG Resources, Inc.$83.0B
77
EQTEQT Corp.$33.6B
55
TPLTexas Pacific Land Corp.$26.4B
61
EXEExpand Energy Corp.$22.9B
85

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

DVN Stock Outperforms Industry in a Month: Is It a Buy or Hold?

Zacks Investment Research · 19 Aug 2026positive

Devon Energy's shares rose 9.2% in a month, supported by its multi-basin portfolio, low-cost operations, and modest leverage amid commodity volatility. The headline notes the stock outperformed its industry over that period.

Why it matters — A Devon Energy watcher would care because the company's shares are outperforming the broader industry in the past month, indicating relative strength for the stock.

Bet on Smart Money With These Stocks & ETFs

Zacks Investment Research · 19 Aug 2026neutral

Zacks Investment Research reports that institutional investors are becoming more selective on AI and technology investments. The article highlights stocks and ETFs that could help investors follow this "smart money" trend.

Why it matters — Although Devon Energy is not mentioned, the piece reflects broader shifts in institutional capital allocation that could influence investor attention on energy stocks like DVN.

WhiteWater-led venture approves Permian-to-Texas gas pipeline project

Reuters · 17 Aug 2026positive

A WhiteWater-led joint venture, which includes Devon Energy, MPLX, Diamondback Energy and Western Midstream Partners, reached a final investment decision to build two natural gas pipelines from the Permian Basin to Katy, Texas. The project approval was announced on Monday.

Why it matters — The pipeline project approval involves Devon Energy as a joint venture partner, indicating progress on infrastructure that could support its Permian Basin natural gas operations.

Integrating The Delaware Basin: Devon Energy Reaches Final Investment Decision on Solitude Pipeline System

GlobeNewsWire · 17 Aug 2026positive

Devon Energy announced a positive Final Investment Decision on the Solitude Pipeline System, a WhiteWater-led joint venture that will construct two 48-inch natural gas pipelines connecting the Permian Basin to Katy, Texas. The project is part of Devon's ongoing effort to integrate and consolidate infrastructure supporting its Delaware Basin position.

Why it matters — The pipeline decision advances Devon's infrastructure integration for its Delaware Basin operations, which could affect how its natural gas production is transported and marketed.

SOLITUDE PIPELINE SYSTEM REACHES FINAL INVESTMENT DECISION TO TRANSPORT GAS FROM THE PERMIAN BASIN TO THE GULF COAST

PRNewsWire · 17 Aug 2026positive

WhiteWater announced that its Solitude Pipeline System joint venture, which includes Devon Energy, MPLX, Diamondback Energy and Western Midstream Partners, has reached a final investment decision to construct two 48-inch natural gas pipelines running from the Permian Basin to Katy, TX. The project has secured substantial long-term firm transportation agreements with predominantly investment-grade shippers.

Why it matters — Devon Energy, as a joint venture partner, is involved in a major new natural gas transportation project connecting Permian Basin supply to the Gulf Coast, which supports its midstream infrastructure and gas transport capabilities.

FAQ

Frequently asked questions about DVN stock

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

The 27 Wall Street analysts covering Devon Energy Corp. have a median 12-month price target of $60, 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 27 analysts covering Devon Energy Corp., 24 rate it a Buy, 3 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Devon Energy Corp. 44 out of 100 across roughly 4,600 US stocks as at 22 Aug 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank DVN?

As at 22 Aug 2026, Devon Energy Corp. ranks 44 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 (87 of 100).

Will DVN stock go up?

No one can know that. What the data says: the median 12-month target from 27 analysts implies +22.2% from the last close, and Ticker Nerd's factor model ranks Devon Energy Corp. 44 out of 100 as at 22 Aug 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 +48.6% over the 12 months to 21 Aug 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 hydrocarbon resources in the United States. Devon Energy’s current operations are centered on a diversified portfolio of onshore assets, with activity across major shale and resource basins including the Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin, Powder River Basin, and other North American fields.

What is the latest news on DVN?

The most recent item we track (Zacks Investment Research, 19 Aug 2026): "DVN Stock Outperforms Industry in a Month: Is It a Buy or Hold?". Devon Energy's shares rose 9.2% in a month, supported by its multi-basin portfolio, low-cost operations, and modest leverage amid commodity volatility. The headline notes the stock outperformed its industry over that period.

Company

About Devon Energy Corp.

Devon Energy Corporation is an independent oil and natural gas company focused on the exploration, development, and production of hydrocarbon resources in the United States. Devon Energy’s current operations are centered on a diversified portfolio of onshore assets, with activity across major shale and resource basins including the Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin, Powder River Basin, and other North American fields. The company produces crude oil, natural gas, and natural gas liquids, serving the upstream energy segment through drilling, completion, and production optimization across its operated acreage. Devon Energy also emphasizes capital efficiency and disciplined asset management as part of its business model, making it an important participant in U.S. energy supply and a prominent name in the oil and gas exploration and production market.

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