Devon Energy Corporation (DVN) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$46.60
Price Target
$53.78
Target Range
$42.00 — $66.00
Analyst Rating
Buy
Forward P/E8.9x
Trailing P/E11.1x
Forward PEG—
Implied Growth+23.9%
Median Target$52.00
Analyst Spread44.6%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$42
-9.9%
Consensus
$54
+15.4%
Bull Case
$66
+41.6%
DVN Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Devon Energy Corporation (DVN) has a Wall Street consensus price target of $53.78, based on estimates from 64 covering analysts. With the stock currently trading at $46.60, this represents a potential upside of +15.4%. The company has a market capitalization of $28.96B.
Analyst price targets range from a low of $42.00 to a high of $66.00, representing a 45% spread in expectations. The median target of $52.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 45 analysts rating the stock as a Buy or Strong Buy,19 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, DVN trades at a trailing P/E of 11.1x and forward P/E of 8.9x. Analysts expect EPS to grow +23.9% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+1.1%
Avg Forward P/E10.8x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 COPConocoPhillips | $144.9B | $118.90 | $127.07 | +6.9% | Buy | 13.8x | 52 |
 EOGEOG Resources, Inc. | $72.2B | $134.69 | $137.93 | +2.4% | Buy | 9.4x | 66 |
 APAAPA Corporation | $13.6B | $38.30 | $32.46 | -15.2% | Hold | 7.0x | 51 |
 FANGDiamondback Energy, Inc. | $54.9B | $195.10 | $201.27 | +3.2% | Buy | 10.9x | 51 |
 OVVOvintiv Inc. | $15.2B | $59.90 | $56.20 | -6.2% | Buy | 7.7x | 26 |
 XOMExxon Mobil Corporation | $629.6B | $148.56 | $160.43 | +8.0% | Hold | 15.0x | 55 |
 CVXChevron Corporation | $369.4B | $185.13 | $190.93 | +3.1% | Buy | 15.2x | 53 |
 OXYOccidental Petroleum Corporation | $54.6B | $55.03 | $56.64 | +2.9% | Buy | 13.3x | 52 |
 SMSM Energy Company | $3.3B | $28.55 | $29.00 | +1.6% | Buy | 4.3x | 54 |
 CTRACoterra Energy Inc. | $24.7B | $32.55 | $34.00 | +4.5% | Buy | 11.5x | 55 |
Upside Potential Comparison
XOMCOPCTRAFANGCVXOXYEOGSMFull DVN Stock Analysis
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Start ComparisonDVN — Frequently Asked Questions
Quick answers to the most common questions about buying DVN stock.
What is the DVN stock price target for 2026?
Devon Energy Corporation (DVN) has a consensus 12-month price target of $53.78, implying 15.4% upside from $46.6. The 64 analysts covering DVN see moderate appreciation potential.
Is DVN a buy, sell, or hold?
DVN has a consensus rating of "Buy" based on 64 Wall Street analysts. The rating breakdown is predominantly bullish, with 45 Buy/Strong Buy ratings. The consensus 12-month price target of $53.78 implies 15.4% upside from current levels.
Is DVN stock overvalued or undervalued?
With a forward P/E of 8.8517x, DVN trades at a relatively low valuation. The consensus target of $53.78 implies 15.4% appreciation, suggesting meaningful undervaluation.
How high can DVN stock go?
The most bullish Wall Street analyst has a price target of $66 for DVN, while the most conservative target is $42. The consensus of $53.78 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover DVN stock?
DVN is heavily covered by Wall Street, with 64 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 45 have Buy ratings, 19 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the DVN stock forecast?
The 12-month DVN stock forecast based on 64 Wall Street analysts shows a consensus price target of $53.78, with estimates ranging from $42 (bear case) to $66 (bull case). The median consensus rating is "Buy".
What is DVN's forward P/E ratio?
DVN trades at a forward P/E ratio of 8.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 11.1x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy DVN stock?
Wall Street analysts are optimistic on DVN, with a "Buy" consensus rating and $53.78 price target (15.4% upside). 45 of 64 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do DVN price targets vary so much?
DVN analyst price targets range from $42 to $66, a 45% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $53.78 consensus represents the middle ground.