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Devon Energy (DE:DY6)
XETRA:DY6
Devon Energy (DY6) Stock Forecast & Price Target
6 Followers
See the Price Targets and Ratings of:
DY6 Analyst Ratings
Moderate Buy
11 Buy
8 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
DY6 Stock 12 Month Forecast
Average Price Target
€53.43
▲(19.52% Upside)
| Highest Price Target€63.11 | Average Price Target€53.43 | Lowest Price Target€45.21 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Truist Financial
Reiterated
04/05/24
Morgan Stanley
Reiterated
03/28/24
Stifel Nicolaus
€61.23
Buy
36.97%
Upside
Reiterated
03/22/24
Devon Energy (DVN) PT Lowered to $65 at Stifel due to operational and financial updatesStifel analyst Derrick Whitfield lowered the price target on Devon Energy (NYSE: DVN) to $65.00 (from $75.00) while maintaining a Buy rating.
Mizuho Securities
€49.92
Buy
11.68%
Upside
Reiterated
03/20/24
We are updating our NAV model for DVN to reflect YE2023 reserves and 2024 guidance. After a tough year in 2023 (stock underperformed peers by ~25%), the task ahead for DVN is to reclaim investor confidence in their Delaware basin assets and operational execution. Reiterating 2024 capital guidance and meeting expectations for 1Q24 volumes despite weather-related downtime was a good start, but we believe investors want to see DVN deliver on anticipated 10% in Delaware well productivity in 2024 compared to the 2023 program. Also, the company needs to regain leadership in shareholder returns via the buyback program. After updating our model, we reiterate our $53/sh NAV- based price target and maintain a Buy rating. 2024 capital guidance and LT outlook.
Piper Sandler
€55.57
Buy
24.33%
Upside
Assigned
03/18/24
Devon Energy (DVN) Receives a Buy from Piper Sandler
Bernstein
€45.21
Hold
1.15%
Upside
Reiterated
03/08/24
Bernstein Sticks to Their Hold Rating for Devon Energy (DVN)
Siebert Williams Shank & Co
€55.57
Buy
24.33%
Upside
Reiterated
02/28/24
Devon Energy: Strong Buy on Enhanced Shareholder Returns and Robust Financial Strategy
Best Analysts Covering Devon Energy
Which Analyst Should I Follow If I Want to Buy DE:DY6 and Sell After:
1 Month
3 Months
1 Year
Success Rate
17/19 ratings generated profit
Average Return
+40.63%
reiterated a buy rating last month
Copying Nitin Kumar CFA's trades and holding each position for 1 Year would result in 89.47% of your transactions generating a profit, with an average return of +40.63% per trade.
2 Years
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
DY6 Analyst Recommendation Trends
Rating
Dec 23
Jan 24
Feb 24
Mar 24
Apr 24
Strong Buy
1
3
2
2
0
Buy
15
16
14
18
19
Hold
20
17
12
14
13
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
36
36
28
34
32
Each month's total comprises the sum of three months' worth of ratings.
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DY6 Financial Forecast
DY6 Stock Forecast FAQ
What is DE:DY6’s average 12-month price target, according to analysts?
Based on analyst ratings, Devon Energy’s 12-month average price target is €53.43.
What is DE:DY6’s upside potential, based on the analysts’ average price target?
Devon Energy has 19.52% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is Devon Energy a Buy, Sell or Hold?
Devon Energy has a conensus rating of Moderate Buy, which is based on 11 buy ratings, 8 hold ratings and 0 sell ratings.
What is Devon Energy’s share price target?
The average share price target for Devon Energy is €53.43. This is based on 19 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst share price target is €63.11 ,and the lowest forecast is €45.21. The average share price target represents 19.52% Increase from the current price of €44.7.
The highest analyst share price target is €63.11 ,and the lowest forecast is €45.21. The average share price target represents 19.52% Increase from the current price of €44.7.
What do analysts say about Devon Energy?
Devon Energy’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 19 Wall Streets Analysts.
How can I buy shares of Devon Energy?
To buy shares of DE:DY6, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.