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Devon Energy (DVN) stock forecast for 2024
Updated: September 9, 2024 (19:27)
Sector: EnergyThe share price of Devon Energy Corp. (DVN) now
50/200 Day Moving Average: $45.42 / $46.39
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. How much will one Devon Energy share be worth in 2024? Is it worth taking profit / loss on DVN stock now or waiting? What are analysts' forecasts for Devon Energy stock?
We forecast Devon Energy stock performance using neural networks based on historical data on DVN stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Devon Energy Corp. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Devon Energy analysts is $56.35. Today 200 Day Moving Average is the resistance level (46.39 $). 50 Day Moving Average is the resistance level (45.42 $).
Historical and forecast chart of Devon Energy Corp. stock
The chart below shows the historical price of Devon Energy stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the DVN stock price can be found in the table below.
In the realm of investment, few sectors present as volatile and unpredictable an environment as the energy sector. As we turn our focus to Devon Energy Corporation (DVN), a leading independent oil and natural gas exploration and production company, questions about the DVN stock forecast, particularly for 2024, hover in the minds of investors. Is DVN a good stock to buy? What does the DVN stock price prediction say? And crucially, how accurately can these forecasts be made?
The company’s impressive portfolio, boasting daily production figures in the fourth quarter of 2022 – approximately 315,000 barrels of oil, around 150,000 barrels of natural gas liquids, and more than 1 billion cubic feet of natural gas – establishes a strong foundation. Yet, the inherently capital-intensive nature of the oil and gas industry, combined with global economic uncertainties, poses significant challenges to making precise DVN stock price predictions.
However, a few key elements stand out when considering the DVN stock forecast. The company’s strategy is firmly geared towards delivering competitive shareholder returns and sustainable, capital-efficient cash flow growth. This focus not only steers Devon Energy through the volatile energy market but also positions DVN as an attractive investment option.
For 2024, several factors could notably influence DVN stock price and its performance. Regulatory changes, geopolitical events, and shifts in global energy demand are paramount. Additionally, the company’s commitment to environmentally responsible production and technological advancements in exploration and production could play a pivotal role in shaping the Devon Energy stock forecast.
Ultimately, while precise DVN stock price predictions may elude us, the company’s strategic orientation and market position provide a basis for considering it a potentially strong investment. Investors pondering whether to buy or sell Devon Energy stock in 2024 should closely monitor these influencing factors and remain agile in their decision-making.
In sum, while the DVN stock price target for 2024 might not be set in stone, Devon Energy’s strong fundamentals and strategic focus on sustainable growth present a compelling case for considering DVN stock as either a buy or sell, depending on one’s investment strategy and risk appetite.
Devon Energy (DVN) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 46.12 | 41.93 | 49.48 | 15.27 % |
| Nov | 46.18 | 44.86 | 50.27 | 10.75 % |
| Dec | 44.20 | 40.98 | 45.70 | 10.31 % |
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 price target for 2024 by month
Target values for the price of one Devon Energy share for Oct 2024.
In Oct, the Positive dynamics for Devon Energy Corp. shares will prevail with possible monthly volatility of 15.269% volatility is expected.
Pessimistic target level: 41.93
Optimistic target level: 49.48
Target values for the price of one Devon Energy share for Nov 2024.
In Nov, the Positive dynamics for Devon Energy Corp. shares will prevail with possible monthly volatility of 10.750% volatility is expected.
Pessimistic target level: 44.86
Optimistic target level: 50.27
Target values for the price of one Devon Energy share for Dec 2024.
In Dec, the Negative dynamics for Devon Energy Corp. shares will prevail with possible monthly volatility of 10.311% volatility is expected.
Pessimistic target level: 40.98
Optimistic target level: 45.70
Devon Energy (DVN) stock dividend
Devon Energy last paid dividends on 09/13/2024. The next scheduled payment will be on 09/30/2024. The amount of dividends is $2.05 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.
