Argus Boosts Devon Energy Price Target to $51.00

Analysts see upside potential for the energy company's stock.

Mar. 3, 2026 at 7:31am

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Devon Energy (NYSE:DVN) had its price target raised by stock analysts at Argus from $41.00 to $51.00 in a note issued to investors on Thursday. Argus maintained a 'buy' rating on the energy company's stock, indicating a potential upside of 17.01% from the stock's previous close.

Why it matters

This price target increase by Argus suggests analysts see strong growth potential for Devon Energy's stock. As an independent oil and gas exploration and production company, Devon's performance is closely watched by investors in the energy sector.

The details

Argus cited Devon Energy's solid financial performance and growth prospects as reasons for the price target increase. Other analysts have also issued positive ratings and price targets for the company, with the average target price now at $47.37.

  • The price target increase was issued by Argus on Thursday, February 28, 2026.

The players

Argus

A stock research and financial analysis firm that provides investment research, data and insights.

Devon Energy Corporation

An independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma.

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The takeaway

This price target increase by Argus suggests analysts see strong growth potential for Devon Energy's stock, which could signal positive momentum for the company in the energy sector.