Devon Energy (DVN) Stock Forecast for 2024–2028. Sell or Buy Prediction







Buy or Sell TSLA stocks? (TSLA) forecasting

Tesla: At A Crossroads

May 29, 2024
Maximizing Profits: When is the Right Time to Sell Your Business?

April 23, 2024 Maximizing Profits: When is the Right Time to Sell Your Business?

Selling a business can be a momentous decision filled with many considerations and uncertainties. As an entrepreneur, this also symbolizes your years of…
Improve Your Financial Status: A How-To Guide

April 12, 2024 Improve Your Financial Status: A How-To Guide

Navigating through the complexities of personal finance can often feel like walking through a maze blindfolded. This guide is crafted especially for you,…
How ZIM Integrated Container Tracking is Revolutionizing Global Trade

April 12, 2024 How ZIM Integrated Container Tracking is Revolutionizing Global Trade

Have you ever wondered how your online shopping packages get to you? A big part of the answer is ZIM Integrated Container Tracking.…
6 Best Growth Stocks To Buy Now According to Metatrader 5

March 15, 2024 6 Best Growth Stocks To Buy Now According to Metatrader 5

One of the reasons investors prefer growth stocks is that they are expected to perform better than other companies in terms of sales…

Devon Energy (DVN) Stock Forecast for 2024–2028. Sell or Buy?

Updated: May 30, 2024 (10:34)

Sector: Energy

The share price of Devon Energy Corp. (DVN) now

Latest session on the 29th of May for
Devon Energy Corp. is negative
Trading Volume: 10321608
Open: 48.66 /  High: 48.72 /  Low: 46.555
What analysts predict: $58.45
52-week High/Low: $55.09 / $40.09

50/200 Day Moving Average: $50.85 / $47.21

This figure corresponds to the Average Price over the previous 50/200 days. For Devon Energy stocks, the 50-day moving average is the resistance level today.

For Devon Energy stocks, the 200-day moving average is the resistance 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 DVN Stocks: A Comprehensive Forecast

Trend: Bullish
May 20, 2024

For investors pondering over the DVN stock forecast, a blend of pivotal elements suggests a promising horizon, essentially drawing a roadmap towards potentially lucrative outcomes. At the core of Devon Energy's trajectory, three major factors stand out to be the guiding stars for its stock rates.

Deciphering DVN’s Stellar Performance

Firstly, the company's production performance shines bright, with its track record of surpassing expectations, especially in the resource-rich Delaware Basin. This excellence is not just a feather in its cap but a solid foundation promising enhanced cash flow and magnified shareholder returns. Analysts eyeing the DVN stock price prediction would find this a golden nugget, foreseeing an upward momentum.

Simultaneously, Devon Energy's asset portfolio emerges as a jewel, especially the Delaware Basin assets' allure, making DVN an enviable acquisition target. The industry's consolidation wave might just be the tide lifting DVN stocks higher, a factor savvy investors and analysts could bank on for bullish DVN stock forecast insights.

Moreover, the meticulously crafted 2024 plan underscores Devon Energy's vision for growth, emphasizing sensible asset development, robust returns, and infrastructural advancements. This disciplined blueprint is anticipated to catapult the company – and its stock prices – into realms of increased profitability and allure for those contemplating whether DVN is a good stock to buy.

In conclusion, for those debating DVN stock buy or sell, the near future holds promising prospects, shaped by these strategic pillars. Leveraging these insights could enable analysts to sculpt the most accurate DVN stock price target forecasts, making Devon Energy stock a compelling proposition in the investment landscape.

Review the original Analysis
About author

Predicting the Surge in Devon Energy's (DVN) Stock: A Close-Up on Key Influencers

Trend: Strong Bullish
May 17, 2024

As we delve into the future of Devon Energy's (DVN) stock, certain pivotal events and factors stand out, poised to majorly influence its rate. Analysts and investors are keenly watching these developments to craft their DVN stock forecasts. At the forefront are oil prices, where DVN's exceptional breakeven point at $40/bbl contrasts sharply with recent spikes above $85/bbl. This gap indicates a fertile ground for boosting production, elevating earnings, and by extension, enhancing the DVN stock price target.

Capitalizing on Market Dynamics

Further sharpening the lens on prediction accuracy, analysts leverage DVN's productivity gains. The company has outshone expectations with its capacity to increase production while keeping capital spending in check— a testament to its operational finesse and a bullish sign for those pondering, "Is DVN a good stock to buy?" Moreover, Devon Energy's robust capital return program, through share repurchases and solid dividend payments, plays a crucial role. This strategy not only bolsters shareholder value but also solidifies DVN's appeal, prompting investors to categorize it as a DVN stock buy.

Lastly, the shadow cast by OPEC production cuts cannot be ignored. As these cuts sustain higher oil prices, DVN's strategic positioning becomes even more advantageous, spotlighting it in any DVN stock price prediction conversation. Analysts synthesizing these elements— from oil price trajectories and productivity achievements to capital return prowess and global supply dynamics—possess a nuanced blueprint for navigating Devon Energy stock forecast discussions, making informed buy or sell Devon Energy stock recommendations.

  • Oil Prices
  • Productivity Gains
  • Capital Return Program
  • OPEC Production Cuts

These factors, when evaluated collectively, provide a rounded perspective for DVN stock price predictions, equipping investors with the insights needed to make savvy decisions in an ever-evolving energy sector.

Review the original Analysis
About author

Riding the Waves of Oil Prices and Production: Forecasting DVN Stocks

Trend: Bullish
May 15, 2024

When it comes to predicting the future of Devon Energy (DVN) stock prices, certain key factors stand out, acting as the lodestar for savvy investors and analysts alike. At the forefront, the volatile dance of oil and natural gas prices commands the most significant influence. As history has shown, the ascent or decline of these prices has a direct bearing on DVN's stock valuation. This is no mere speculation; the intricate bond between commodity prices and energy stocks, like DVN, is well-documented, making the future movements of WTI oil prices and Henry Hub natural gas prices critical to watch.

Unlocking Predictions: The Role of Production Outlook

Beyond the immediate impact of oil and gas prices, a crucial element enters the stage - DVN's production outlook, particularly its ambitious plans for 2024 in the Delaware Basin. This projection isn't just about numbers; it’s a testament to DVN's strategic positioning and operational efficiency, with the ability to boost production without heaping on more capital expenditures. This positive production outlook can dramatically sway investor confidence, making it a fundamental component for analysts striving to make the most accurate DVN stock price predictions.

To navigate the choppy waters of DVN stock forecasting, one must synthesize these pivotal factors. Whether pondering if DVN is a good stock to buy or seeking a reliable DVN stock price target, the dual analysis of fluctuating commodity prices and production trends offers a comprehensive lens. As such, staying attuned to these aspects could mean the difference between mere speculation and informed forecasting, turning the often daunting task of deciding to buy or sell Devon Energy stock into a more calculated endeavor.

Review the original Analysis
About author

The 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., %
Jun 01 47.46 47.11 47.66 1.17
Jun 02 47.51 46.98 48.05 2.29
Jun 03 47.65 46.95 48.18 2.64
Jun 04 47.35 46.72 47.83 2.37
Jun 05 47.11 46.61 47.49 1.88
Jun 06 47.90 47.36 48.52 2.45
Jun 07 48.06 47.40 48.41 2.13
Jun 08 48.08 47.87 48.37 1.04
Jun 09 48.55 48.30 48.77 0.97
Jun 10 48.68 48.43 49.43 2.07
Jun 11 48.92 48.27 49.18 1.89
Jun 12 49.38 48.66 49.58 1.89
Jun 13 48.93 48.43 49.31 1.82
Jun 14 48.46 48.26 48.73 0.98
Jun 15 48.05 47.79 48.72 1.95
Jun 16 48.98 48.38 49.31 1.92
Jun 17 48.92 48.72 49.11 0.80
Jun 18 49.39 48.92 49.73 1.66
Jun 19 49.56 48.81 50.03 2.50
Jun 20 49.24 48.46 49.87 2.91
Jun 21 49.22 49.01 49.71 1.43
Jun 22 49.28 48.81 49.98 2.40
Jun 23 50.26 49.53 50.49 1.95
Jun 24 49.84 49.56 50.27 1.43
Jun 25 50.78 50.50 51.37 1.73
Jun 26 50.85 50.09 51.28 2.38
Jun 27 50.24 49.63 50.49 1.72
Jun 28 50.61 49.88 50.81 1.87
Jun 29 50.86 50.19 51.59 2.80
Jun 30 50.32 49.66 50.69 2.09

Devon Energy Daily Price Targets


Devon Energy Stock Forecast 06-01-2024.

Forecast target price for 06-01-2024: $47.46.
Positive dynamics for Devon Energy shares will prevail with possible volatility of 1.155%.
Pessimistic target level: 47.11
Optimistic target level: 47.66

Devon Energy Stock Forecast 06-02-2024.

Forecast target price for 06-02-2024: $47.51.
Positive dynamics for Devon Energy shares will prevail with possible volatility of 2.234%.
Pessimistic target level: 46.98
Optimistic target level: 48.05

Devon Energy Stock Forecast 06-03-2024.

Forecast target price for 06-03-2024: $47.65.
Positive dynamics for Devon Energy shares will prevail with possible volatility of 2.571%.
Pessimistic target level: 46.95
Optimistic target level: 48.18

Devon Energy Stock Forecast 06-04-2024.

Forecast target price for 06-04-2024: $47.35.
Negative dynamics for Devon Energy shares will prevail with possible volatility of 2.317%.
Pessimistic target level: 46.72
Optimistic target level: 47.83

Devon Energy Stock Forecast 06-05-2024.

Forecast target price for 06-05-2024: $47.11.
Negative dynamics for Devon Energy shares will prevail with possible volatility of 1.845%.
Pessimistic target level: 46.61
Optimistic target level: 47.49

Devon Energy Stock Forecast 06-06-2024.

Forecast target price for 06-06-2024: $47.90.
Positive dynamics for Devon Energy shares will prevail with possible volatility of 2.389%.
Pessimistic target level: 47.36
Optimistic target level: 48.52

DVN (DVN) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Jun. 54.12 52.44 57.71 9.14
Jul. 55.11 52.17 58.55 10.89
Aug. 58.55 57.03 63.34 9.97
Sep. 58.32 53.47 63.70 16.07
Oct. 52.48 49.75 55.14 9.77
Nov. 51.46 47.44 56.01 15.29
Dec. 53.53 49.43 54.99 10.12

Devon Energy forecast for this year


Devon Energy Stock Prediction for Jun 2024

An uptrend is forecast for this month with an optimal target price of $54.1238. Pessimistic: $52.44. Optimistic: $57.71


Devon Energy Stock Prediction for Jul 2024

An uptrend is forecast for this month with an optimal target price of $55.1089. Pessimistic: $52.17. Optimistic: $58.55


Devon Energy Stock Prediction for Aug 2024

An uptrend is forecast for this month with an optimal target price of $58.5477. Pessimistic: $57.03. Optimistic: $63.34


Devon Energy Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $58.3193. Pessimistic: $53.47. Optimistic: $63.70


Devon Energy Stock Prediction for Oct 2024

An downtrend is forecast for this month with an optimal target price of $52.4816. Pessimistic: $49.75. Optimistic: $55.14


Devon Energy Stock Prediction for Nov 2024

An downtrend is forecast for this month with an optimal target price of $51.4582. Pessimistic: $47.44. Optimistic: $56.01


Devon Energy Stock Prediction for Dec 2024

An uptrend is forecast for this month with an optimal target price of $53.5319. Pessimistic: $49.43. Optimistic: $54.99



Devon Energy (DVN) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 53.53 49.70 57.99 14.28
Mar 55.13 50.62 58.21 13.05
Mar 52.19 47.85 55.59 13.92
Apr 49.62 46.26 52.20 11.37
May 45.68 43.90 49.42 11.17
Jun 50.79 47.35 52.90 10.48
Jul 47.55 43.60 51.94 16.07
Aug 44.71 40.29 49.36 18.37
Sep 43.61 40.83 45.70 10.67
Oct 44.46 41.68 46.82 10.98
Nov 41.85 40.44 43.76 7.58
Dec 40.98 36.78 42.26 12.98

Devon Energy (DVN) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 42.48 39.60 45.24 12.45
Mar 43.86 42.72 46.88 8.88
Mar 45.40 43.80 46.93 6.66
Apr 47.58 44.12 49.81 11.43
May 52.22 50.45 54.93 8.16
Jun 51.68 46.77 53.29 12.23
Jul 53.69 50.06 55.78 10.26
Aug 57.11 54.66 60.97 10.35
Sep 58.74 52.63 61.19 13.98
Oct 57.98 53.91 61.90 12.91
Nov 60.02 57.13 63.60 10.18
Dec 58.69 54.80 63.80 14.11

Devon Energy (DVN) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 64.64 62.79 66.66 5.80
Mar 70.44 63.20 77.58 18.53
Mar 70.26 64.14 75.92 15.52
Apr 71.81 68.35 74.80 8.61
May 70.22 65.47 73.05 10.37
Jun 69.22 64.18 73.45 12.62
Jul 75.70 69.10 83.37 17.11
Aug 82.88 76.41 86.97 12.14
Sep 79.43 74.78 85.01 12.03
Oct 82.32 75.05 86.82 13.56
Nov 82.96 79.84 89.33 10.63
Dec 83.61 75.13 91.33 17.73

Devon Energy (DVN) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 87.63 80.00 95.72 16.42
Feb 82.96 75.20 85.87 12.43
Mar 92.78 84.70 97.24 12.90
Apr 92.17 83.91 101.28 17.16
May 87.62 81.81 90.70 9.80
Jun 83.98 77.53 86.16 10.01
Jul 85.94 77.56 88.51 12.37
Aug 96.67 93.40 105.97 11.86
Sep 93.40 88.91 100.68 11.70
Oct 92.18 85.23 100.93 15.55
Nov 87.03 80.70 93.93 14.09
Dec 82.85 78.97 89.09 11.36

Devon Energy information and performance

Devon Energy Address

333 W. SHERIDAN AVENUE, OKLAHOMA CITY, OK, US

Market Capitalization: 30 911 119 000 $

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: 7 140 000 000 $

EBITDA of Devon Energy is earnings before interest, income tax and depreciation of assets.

PE Ratio: 9.18

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 0.395

Price/earnings to growth

DPS: 2.42

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.

DY: 0.0426

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 5.33

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.386
Quarterly Revenue Growth YOY: -0.005
Trailing PE: 9.18

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 PE: 10.27

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 2.589

Enterprise Value (EV) /Revenue

EV To EBITDA: 5.23

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 632000000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Devon Energy (DVN) stock dividend

Devon Energy last paid dividends on 06/14/2024. The next scheduled payment will be on 06/28/2024. The amount of dividends is $2.42 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 Factor:

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.




Related stocks from Energy sector


Disclaimer:

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.