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Devon Energy Corp has a consensus price target of $57.22 based on the ratings of 19 analysts. The high is $66 issued by Stifel on April 23, 2024. The low is $43 issued by Bernstein on July 17, 2024. The 3 most-recent analyst ratings were released by UBS, Morgan Stanley, and JP Morgan on September 18, 2024, September 16, 2024, and September 12, 2024, respectively. With an average price target of $49.67 between UBS, Morgan Stanley, and JP Morgan, there's an implied 20.96% upside for Devon Energy Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Devon Energy (NYSE:DVN) was reported by UBS on September 18, 2024. The analyst firm set a price target for $47.00 expecting DVN to rise to within 12 months (a possible 14.47% upside). 60 analyst firms have reported ratings in the last year.
The latest analyst rating for Devon Energy (NYSE:DVN) was provided by UBS, and Devon Energy maintained their neutral rating.
The last upgrade for Devon Energy Corp happened on April 1, 2024 when Wells Fargo raised their price target to $59. Wells Fargo previously had an equal-weight for Devon Energy Corp.
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.
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 September 18, 2024 so you should expect the next rating to be made available sometime around September 18, 2025.
While ratings are subjective and will change, the latest Devon Energy (DVN) rating was a maintained with a price target of $53.00 to $47.00. The current price Devon Energy (DVN) is trading at is $41.06, which is out of the analyst’s predicted range.
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