$37.50
2.01% today
NYSE, Nov 26, 05:16 pm CET
ISIN
US25179M1036
Symbol
DVN

Devon Energy Target price 2024 - Analyst rating & recommendation

Devon Energy Classifications & Recommendation:

Buy
58%
Hold
39%
Sell
3%

Devon Energy Price Target

Target Price $51.96
Price $38.27
Potential
Number of Estimates 27
27 Analysts have issued a price target Devon Energy 2025 . The average Devon Energy target price is $51.96. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 33 analysts: 19 Analysts recommend Devon Energy to buy, 13 to hold and 1 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 15.43
23.64% 1.93%
EBITDA Margin 48.71% 48.58%
10.89% 0.27%
Net Margin 25.38% 19.70%
16.14% 22.38%

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

$15.4b
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. This is
1.95% 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
$14.4b 4.76%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $15.1b 23.64%
2024
$15.4b 1.93%
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2025
$16.8b 9.16%
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2026
$17.2b 2.29%
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2027
$16.0b 7.38%
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2028
$16.6b 3.94%
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25 Analysts have issued an Devon Energy EBITDA forecast 2024. The average Devon Energy EBITDA estimate is

$7.5b
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. This is
5.33% 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
$7.1b 0.14%
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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 1.66%
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2025
$7.9b 6.00%
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2026
$8.3b 4.00%
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2027
$8.6b 4.56%
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2028
$9.1b 5.60%
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EBITDA Margin

2023 48.71% 10.89%
2024
48.58% 0.27%
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2025
47.17% 2.90%
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2026
47.96% 1.67%
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2027
54.15% 12.91%
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2028
55.01% 1.59%
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12 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
14.43% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$3.3b 6.30%
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, the lowest is
$2.8b 21.30%
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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 20.87%
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2025
$3.1b 1.11%
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2026
$3.3b 8.59%
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2027
$3.4b 0.59%
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2028
$3.5b 4.38%
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Net Margin

2023 25.38% 16.14%
2024
19.70% 22.38%
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2025
18.25% 7.36%
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2026
19.37% 6.14%
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2027
21.04% 8.62%
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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 4.62
35.96% 20.89%
P/E 8.28
EV/Sales 2.20

12 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

$4.62
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. This is
14.44% 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
$5.06 6.30%
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, the lowest is
$4.25 21.30%
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.

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

Earnings Per Share

2023 $5.84 35.96%
2024
$4.62 20.89%
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2025
$4.67 1.08%
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2026
$5.07 8.57%
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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 7.09 8.63%
2024
8.28 16.78%
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2025
8.19 1.09%
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2026
7.54 7.94%
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2027
7.50 0.53%
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2028
7.18 4.27%
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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 2.24 0.45%
2024
2.20 1.84%
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2025
2.01 8.39%
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2026
1.97 2.23%
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2027
2.13 7.97%
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2028
2.05 3.79%
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P/S ratio

Current 1.66 10.58%
2024
1.63 1.91%
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2025
1.49 8.39%
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2026
1.46 2.24%
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2027
1.58 7.97%
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2028
1.52 3.79%
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