Devon Energy Receives $52.18 Consensus Price Target from Analysts

Thirty-one research firms cover the oil and gas company, with a 'Moderate Buy' rating on average.

Apr. 12, 2026 at 8:08am

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A cinematic close-up of the heavy, industrial components of an oil and gas drilling rig, conveying a sense of the scale, power, and technical complexity involved in Devon Energy's core business activities.The intricate machinery and infrastructure that powers Devon Energy's oil and gas operations represent the technical expertise and capital-intensive nature of the industry.Oklahoma City Today

Shares of Devon Energy Corporation (NYSE:DVN) have been given an average recommendation of 'Moderate Buy' by the thirty-one research firms that are covering the company, with a consensus price target of $52.18. The analysts have issued a range of ratings, from 'hold' to 'strong buy', on the energy company's stock.

Why it matters

Devon Energy is a major independent oil and gas exploration and production company, so the consensus view from Wall Street analysts on the company's prospects is an important data point for investors and the industry. The price target and ratings provide insight into how the financial community is evaluating Devon's current operations and future outlook.

The details

The average 1-year price target among the 31 research firms covering Devon Energy is $52.18. Seven analysts have a 'hold' rating, 23 have a 'buy' rating, and one has a 'strong buy' rating on the stock. Several firms have recently adjusted their price targets, with Susquehanna increasing its target to $52 and Mizuho raising its target to $62.

  • The research reports and recommendations were issued over the past year.

The players

Devon Energy Corporation

An independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of crude oil, natural gas liquids, and natural gas.

Susquehanna

A financial services firm that covers Devon Energy and increased its price target on the stock to $52.

Mizuho

A global financial services group that covers Devon Energy and increased its price target on the stock to $62.

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The takeaway

The consensus 'Moderate Buy' rating and $52.18 average price target from the analysts covering Devon Energy suggest the financial community sees value in the company's operations and growth prospects, despite the volatility in the oil and gas industry.