$31.97
2.47% today
NYSE, Dec 30, 10:10 pm CET
ISIN
US25179M1036
Symbol
DVN

Devon Energy Target price 2024 - Analyst rating & recommendation

Devon Energy Classifications & Recommendation:

Buy
59%
Hold
41%

Devon Energy Price Target

Target Price $50.04
Price $31.20
Potential
Number of Estimates 26
26 Analysts have issued a price target Devon Energy 2025 . The average Devon Energy target price is $50.04. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 34 analysts: 20 Analysts recommend Devon Energy to buy, 14 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Devon Energy stock has an average upside potential 2025 of . Most analysts recommend the Devon Energy stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 15.14 15.48
23.64% 2.23%
EBITDA Margin 48.71% 48.46%
10.89% 0.52%
Net Margin 25.38% 19.59%
16.14% 22.82%

12 Analysts have issued a sales forecast Devon Energy 2024 . The average Devon Energy sales estimate is

$15.5b
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. This is
2.24% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$15.8b 4.59%
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, the lowest is
$14.5b 4.26%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $15.1b 23.64%
2024
$15.5b 2.23%
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2025
$16.8b 8.66%
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2026
$17.3b 2.95%
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2027
$16.0b 7.82%
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2028
$16.6b 3.94%
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24 Analysts have issued an Devon Energy EBITDA forecast 2024. The average Devon Energy EBITDA estimate is

$7.5b
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. This is
5.37% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$7.8b 9.12%
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, the lowest is
$7.2b 1.69%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $7.4b 31.95%
2024
$7.5b 1.69%
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2025
$7.9b 4.75%
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2026
$8.3b 5.21%
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2027
$8.5b 3.09%
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2028
$9.1b 7.09%
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EBITDA Margin

2023 48.71% 10.89%
2024
48.46% 0.52%
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2025
46.71% 3.61%
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2026
47.74% 2.21%
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2027
53.39% 11.83%
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2028
55.01% 3.03%
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11 Devon Energy Analysts have issued a net profit forecast 2024. The average Devon Energy net profit estimate is

$3.0b
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. This is
14.65% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$3.2b 10.00%
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, the lowest is
$2.9b 19.26%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $3.8b 35.96%
2024
$3.0b 21.08%
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2025
$2.9b 3.95%
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2026
$3.3b 14.44%
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2027
$3.4b 0.72%
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2028
$3.5b 4.38%
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Net Margin

2023 25.38% 16.14%
2024
19.59% 22.82%
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2025
17.32% 11.59%
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2026
19.26% 11.20%
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2027
21.04% 9.24%
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2028
21.13% 0.43%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 5.84 4.61
35.96% 21.06%
P/E 6.77
EV/Sales 1.89

11 Analysts have issued a Devon Energy forecast for earnings per share. The average Devon Energy <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$4.61
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. This is
14.63% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$4.86 10.00%
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, the lowest is
$4.36 19.26%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $5.84 35.96%
2024
$4.61 21.06%
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2025
$4.43 3.90%
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2026
$5.07 14.45%
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2027
$5.10 0.59%
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2028
$5.33 4.51%
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P/E ratio

Current 5.78 26.18%
2024
6.77 17.13%
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2025
7.05 4.14%
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2026
6.16 12.62%
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2027
6.11 0.81%
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2028
5.86 4.09%
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Based on analysts' sales estimates for 2024, the Devon Energy stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.93 14.22%
2024
1.89 1.95%
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2025
1.74 7.97%
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2026
1.69 2.87%
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2027
1.84 8.48%
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2028
1.77 3.79%
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P/S ratio

Current 1.35 27.83%
2024
1.32 2.19%
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2025
1.22 7.97%
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2026
1.18 2.86%
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2027
1.28 8.48%
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2028
1.24 3.79%
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