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Devon Energy (DVN) Stock Forecast for 2024–2028. Sell or Buy?
Updated: March 29, 2024 (09:22)
Sector: EnergyThe share price of Devon Energy Corp. (DVN) now
50/200 Day Moving Average: $43.84 / $46.98
This figure corresponds to the Average Price over the previous 50/200 days. For Devon Energy stocks, the 50-day moving average is the support level today.
For Devon Energy stocks, the 200-day moving average is the support level today.
Are you interested in Devon Energy Corp. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Devon Energy stock price in 2024, 2025, 2026, 2027, 2028. How much will one Devon Energy share be worth in 2024 - 2028?
When should I take profit in Devon Energy stock? When should I record a loss on Devon Energy stock? What are analysts' forecasts for Devon Energy stock? What is the future of Devon Energy stock? We forecast Devon Energy stock performance using neural networks based on historical data on Devon Energy stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.
Devon Energy stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Devon Energy shares. This happens once a day.
Historical and forecast chart of Devon Energy stock
The chart below shows the historical price of Devon Energy stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Devon Energy stock price can be found in the table below.
Long-term forecasts by years.
Unlocking the Future of Devon Energy Stocks: A Glimpse into Tomorrow
As we delve into the trajectory of Devon Energy's (DVN) stock, we find ourselves at the cusp of significant shifts driven by key events and factors critical to savvy investors and analysts aiming to fine-tune their DVN stock forecast. A paramount consideration is the company's strategic decision to maintain production levels flat into 2024, showcasing a dedication to stability and attractive cash flows which might suggest it's a good time to consider DVN among your 'buy or sell' decisions.
Decoding DVN Stock Movements: What Lies Ahead?
Efficient capital management stands as a cornerstone of Devon's operation with planned reduction in expenditures. This shrewd move points to elevated cash flows and is a beacon for those predicting Devon Energy stock forecast, indicating a potent mix of disciplined spending and rewarding investment avenues. More compelling, perhaps, are the intended rewards for shareholders. A rich dividend policy coupled with a focus on debt reduction unfurls a promising landscape for those vested in the DVN stock price target discussions.
Lastly, the silent yet impactful strategies around acquisitions and share repurchases cannot be overlooked. These have historically turbocharged returns and stand as critical elements for any analyst dissecting the is DVN a good stock to buy dilemma. Embedded within these strategies lies the potential to sway DVN's stock price prediction in a favorable direction.
Understanding these levers—production control, spending efficacy, shareholder rewarding mechanisms, and strategic acquisitions and repurchases—are instrumental in navigating the DVN stock forecast landscape. Each factor, in its capacity, offers a unique vantage point for anticipating shifts in Devon Energy's stock price, making them indispensable tools for anyone eyeing a DVN stock price prediction or evaluating Devon Energy stock as a 'buy or sell' opportunity.
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Unlocking the Future of Devon Energy Stocks: An Insider's Guide
When it comes to the dynamic energy sector, few stocks command attention like Devon Energy (DVN). Analysts and investors alike are keenly observing certain pivotal factors poised to steer the company's stock price in the foreseeable future. Chief among these are strong cash flows, improved efficiency, and a low breakeven level. Devon Energy has been lauded for transforming into a veritable cash flow powerhouse, especially noteworthy with WTI prices hovering around $80/bbl. This robust financial health promises a nearly 10% yield based on the current market cap, making DVN stock forecast discussions all the more intriguing.
The Path to Predicting DVN Stock Movements
For analysts aiming to pinpoint the most accurate DVN stock price prediction, understanding the interplay of these factors is crucial. Devon Energy's strategic decision to slash capital spending plans for 2024, thereby upholding oil volumes without needlessly chasing market share, exemplifies a calculated approach geared towards long-term profitability. This improved efficiency, coupled with a competitive $40 per barrel breakeven level, offers Devon a significant edge. It underscores not just resilience but a potential for considerable upside vis-a-vis the DVN stock price target.
In the landscape of energy investments, answering whether DVN is a good stock to buy entails a nuanced examination of these variables. Successful analysts will leverage this knowledge to navigate the volatile terrains of the market, translating it into actionable insights. Whether it's evaluating DVN stock as a buy or sell or dissecting Devon Energy stock forecasts, the focal points remain consistent: cash flow robustness, operational efficiency, and low-cost thresholds. These aspects not only influence the immediate DVN stock price prediction but also herald well for the company's enduring value.
- Strong Cash Flows
- Improved Efficiency
- Low Breakeven Level
As the energy sector continues to evolve, keeping a pulse on these three determinants will be paramount for anyone looking to make informed decisions on buying or selling Devon Energy stock.
Review the original AnalysisThe Future of DVN Stock: A Guide to Predicting Devon Energy’s Financial Trajectory
In the volatile world of the stock market, predicting the future performance of a company like Devon Energy Corporation, symbolized as DVN in the stock market, is akin to peering into a crystal ball. The exploration and production giant, with a focus on oil and natural gas, has shown a commendable resilience and potential for growth. With a daily production in the fourth quarter of 2022 reaching approximately 315,000 barrels of oil, 150,000 barrels of natural gas liquids, and over 1 billion cubic feet of natural gas, its operational achievements provide a strong base for financial forecasting. But how accurately can the DVN stock forecast be made?
Factors Influencing DVN Stock Predictions
Several factors come into play when assessing the future price of DVN stocks. These include operational output, environmental policies, market demand for oil and gas, and the company’s strategic focus on delivering competitive shareholder returns. Devon’s emphasis on sustainable, capital-efficient cash flow growth positions it favorably among peers, which is a critical consideration for potential investors contemplating whether DVN is a good stock to buy.
Yet, the accuracy of any DVN stock price prediction hinges on the unpredictable dynamics of both global and domestic energy markets. Events such as geopolitical tensions, changes in oil supply due to OPEC’s decisions, and major shifts in energy policy under different administrations can sway the DVN stock price target significantly.
In the near term, investors eyeing the Devon Energy stock forecast will also weigh the impact of technological advancements in exploration and production, as well as the global movement towards renewable energy sources. These factors could either bolster the company’s valuation through efficient operation and alignment with environmental standards or pose challenges that need strategic management responses.
Is DVN a good stock to buy, sell, or hold? The answer largely depends on how well Devon Energy adapts to these influencing factors and leverages its current production capabilities for future growth. Investors and analysts will remain watchful, making informed decisions based on the company’s performance, market trends, and the broader economic landscape that could affect the DVN stock forecast.
In conclusion, while forecasting DVN stock rates carries inherent uncertainties, a thorough analysis of current operations, market conditions, and future opportunities provides a substantive base for making investment decisions. Personal investment objectives, risk tolerance, and a critical eye on changing energy and economic trends all play a role in determining whether to buy or sell Devon Energy stock.
Devon Energy daily forecast for a month
Date | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Mar 31 | 49.73 | 49.45 | 50.48 | 2.08 |
Apr 01 | 50.12 | 49.15 | 50.71 | 3.17 |
Apr 02 | 49.68 | 48.78 | 50.76 | 4.05 |
Apr 03 | 50.26 | 49.44 | 50.99 | 3.13 |
Apr 04 | 50.27 | 49.68 | 51.20 | 3.06 |
Apr 05 | 50.80 | 50.19 | 51.25 | 2.10 |
Apr 06 | 50.16 | 49.18 | 51.20 | 4.11 |
Apr 07 | 49.46 | 48.70 | 50.03 | 2.73 |
Apr 08 | 50.04 | 49.52 | 51.04 | 3.06 |
Apr 09 | 49.52 | 48.98 | 50.59 | 3.28 |
Apr 10 | 50.05 | 49.65 | 50.85 | 2.43 |
Apr 11 | 49.86 | 49.24 | 50.29 | 2.13 |
Apr 12 | 50.00 | 49.63 | 50.99 | 2.74 |
Apr 13 | 49.80 | 49.46 | 50.40 | 1.89 |
Apr 14 | 49.60 | 49.10 | 49.98 | 1.78 |
Apr 15 | 50.13 | 49.12 | 51.10 | 4.03 |
Apr 16 | 50.34 | 50.02 | 51.02 | 2.00 |
Apr 17 | 51.74 | 50.97 | 52.82 | 3.64 |
Apr 18 | 50.49 | 50.17 | 50.90 | 1.47 |
Apr 19 | 50.48 | 49.50 | 51.00 | 3.03 |
Apr 20 | 49.83 | 49.41 | 50.79 | 2.80 |
Apr 21 | 49.23 | 48.33 | 50.26 | 3.99 |
Apr 22 | 50.10 | 49.61 | 50.81 | 2.43 |
Apr 23 | 49.72 | 48.77 | 50.37 | 3.28 |
Apr 24 | 49.81 | 49.40 | 50.53 | 2.29 |
Apr 25 | 49.87 | 49.23 | 50.99 | 3.57 |
Apr 26 | 50.04 | 48.99 | 50.67 | 3.43 |
Apr 27 | 49.18 | 48.29 | 50.11 | 3.76 |
Apr 28 | 48.69 | 47.99 | 49.71 | 3.58 |
Apr 29 | 47.37 | 46.90 | 48.39 | 3.17 |
Devon Energy Daily Price Targets
Devon Energy Stock Forecast 03-31-2024.
Forecast target price for 03-31-2024: $49.73.
Negative dynamics for Devon Energy shares will prevail with possible volatility of 2.041%.
Pessimistic target level: 49.45
Optimistic target level: 50.48
Devon Energy Stock Forecast 04-01-2024.
Forecast target price for 04-01-2024: $50.12.
Positive dynamics for Devon Energy shares will prevail with possible volatility of 3.072%.
Pessimistic target level: 49.15
Optimistic target level: 50.71
Devon Energy Stock Forecast 04-02-2024.
Forecast target price for 04-02-2024: $49.68.
Negative dynamics for Devon Energy shares will prevail with possible volatility of 3.892%.
Pessimistic target level: 48.78
Optimistic target level: 50.76
Devon Energy Stock Forecast 04-03-2024.
Forecast target price for 04-03-2024: $50.26.
Positive dynamics for Devon Energy shares will prevail with possible volatility of 3.036%.
Pessimistic target level: 49.44
Optimistic target level: 50.99
Devon Energy Stock Forecast 04-04-2024.
Forecast target price for 04-04-2024: $50.27.
Positive dynamics for Devon Energy shares will prevail with possible volatility of 2.969%.
Pessimistic target level: 49.68
Optimistic target level: 51.20
Devon Energy Stock Forecast 04-05-2024.
Forecast target price for 04-05-2024: $50.80.
Positive dynamics for Devon Energy shares will prevail with possible volatility of 2.054%.
Pessimistic target level: 50.19
Optimistic target level: 51.25
DVN (DVN) Monthly Stock Prediction for 2024
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Apr. | 46.36 | 43.71 | 47.92 | 8.80 |
May. | 49.79 | 47.46 | 51.86 | 8.49 |
Jun. | 47.85 | 44.55 | 51.71 | 13.83 |
Jul. | 50.90 | 47.66 | 55.13 | 13.56 |
Aug. | 52.49 | 50.58 | 56.17 | 9.96 |
Sep. | 54.94 | 53.16 | 57.30 | 7.23 |
Oct. | 55.80 | 52.46 | 60.30 | 12.99 |
Nov. | 54.28 | 52.23 | 59.71 | 12.53 |
Dec. | 56.96 | 53.63 | 58.44 | 8.24 |
Devon Energy forecast for this year
Devon Energy Stock Prediction for Apr 2024
An downtrend is forecast for this month with an optimal target price of $46.3578. Pessimistic: $43.71. Optimistic: $47.92
Devon Energy Stock Prediction for May 2024
An uptrend is forecast for this month with an optimal target price of $49.7929. Pessimistic: $47.46. Optimistic: $51.86
Devon Energy Stock Prediction for Jun 2024
An downtrend is forecast for this month with an optimal target price of $47.851. Pessimistic: $44.55. Optimistic: $51.71
Devon Energy Stock Prediction for Jul 2024
An uptrend is forecast for this month with an optimal target price of $50.8991. Pessimistic: $47.66. Optimistic: $55.13
Devon Energy Stock Prediction for Aug 2024
An uptrend is forecast for this month with an optimal target price of $52.4872. Pessimistic: $50.58. Optimistic: $56.17
Devon Energy Stock Prediction for Sep 2024
An uptrend is forecast for this month with an optimal target price of $54.9436. Pessimistic: $53.16. Optimistic: $57.30
Devon Energy Stock Prediction for Oct 2024
An uptrend is forecast for this month with an optimal target price of $55.8007. Pessimistic: $52.46. Optimistic: $60.30
Devon Energy Stock Prediction for Nov 2024
An downtrend is forecast for this month with an optimal target price of $54.2773. Pessimistic: $52.23. Optimistic: $59.71
Devon Energy Stock Prediction for Dec 2024
An uptrend is forecast for this month with an optimal target price of $56.9586. Pessimistic: $53.63. Optimistic: $58.44
Devon Energy (DVN) Monthly Stock Prediction for 2025
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 54.96 | 50.89 | 59.10 | 13.90 |
Feb | 54.67 | 49.27 | 58.58 | 15.89 |
Mar | 48.13 | 45.51 | 52.26 | 12.93 |
Apr | 51.70 | 46.73 | 55.33 | 15.55 |
May | 55.73 | 50.73 | 59.94 | 15.35 |
Jun | 62.18 | 60.32 | 66.22 | 8.91 |
Jul | 68.16 | 64.18 | 73.39 | 12.56 |
Aug | 68.78 | 63.24 | 71.20 | 11.18 |
Sep | 76.39 | 74.20 | 80.26 | 7.55 |
Oct | 76.98 | 73.38 | 84.89 | 13.56 |
Nov | 66.97 | 61.84 | 72.20 | 14.35 |
Dec | 62.71 | 57.98 | 65.32 | 11.23 |
Devon Energy (DVN) Monthly Stock Prediction for 2026
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 64.42 | 62.58 | 68.77 | 9.01 |
Feb | 68.27 | 62.95 | 71.38 | 11.81 |
Mar | 65.34 | 61.61 | 68.32 | 9.82 |
Apr | 70.69 | 64.54 | 73.54 | 12.25 |
May | 69.78 | 65.42 | 76.85 | 14.87 |
Jun | 70.23 | 63.93 | 72.24 | 11.50 |
Jul | 62.65 | 57.52 | 68.03 | 15.44 |
Aug | 57.03 | 53.62 | 59.92 | 10.52 |
Sep | 59.33 | 56.48 | 65.04 | 13.16 |
Oct | 53.55 | 50.90 | 55.42 | 8.16 |
Nov | 54.87 | 50.66 | 59.43 | 14.76 |
Dec | 52.30 | 48.76 | 54.61 | 10.71 |
Devon Energy (DVN) Monthly Stock Prediction for 2027
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 54.00 | 50.49 | 55.90 | 9.67 |
Feb | 52.10 | 48.92 | 56.78 | 13.84 |
Mar | 48.79 | 45.55 | 51.64 | 11.79 |
Apr | 48.09 | 43.15 | 51.03 | 15.44 |
May | 52.53 | 50.75 | 55.53 | 8.61 |
Jun | 59.35 | 54.96 | 63.83 | 13.90 |
Jul | 52.64 | 50.66 | 57.43 | 11.80 |
Aug | 48.88 | 46.21 | 51.23 | 9.80 |
Sep | 50.59 | 49.21 | 53.88 | 8.67 |
Oct | 53.88 | 49.89 | 57.38 | 13.06 |
Nov | 59.14 | 57.21 | 62.67 | 8.71 |
Dec | 63.52 | 61.29 | 66.24 | 7.48 |
Devon Energy (DVN) Monthly Stock Prediction for 2028
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 66.65 | 63.02 | 71.85 | 12.30 |
Feb | 71.42 | 64.09 | 77.83 | 17.66 |
Mar | 72.81 | 66.66 | 75.09 | 11.22 |
Apr | 69.12 | 62.56 | 74.96 | 16.54 |
May | 76.04 | 72.28 | 79.01 | 8.51 |
Jun | 75.45 | 68.78 | 79.47 | 13.45 |
Jul | 78.10 | 73.73 | 82.46 | 10.59 |
Aug | 74.95 | 68.91 | 79.72 | 13.57 |
Sep | 77.29 | 73.57 | 79.40 | 7.34 |
Oct | 74.07 | 69.45 | 80.62 | 13.86 |
Nov | 77.35 | 72.22 | 82.98 | 12.97 |
Dec | 82.47 | 79.04 | 86.66 | 8.78 |
Devon Energy information and performance
333 W. SHERIDAN AVENUE, OKLAHOMA CITY, OK, US
Market capitalization of the Devon Energy Corp. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of DVN shares in the company outstanding by the market price of one share.
EBITDA of Devon Energy is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Devon Energy (DVN) stock dividend
Devon Energy last paid dividends on 03/14/2024. The next scheduled payment will be on 03/28/2024. The amount of dividends is $2.87 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.
Last Split Date: 01/01/1970
Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.
For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.
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All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.