Is DVN stock a Buy, Sell, or Hold?

Based on our analysis, DVN is currently a HOLD with moderate confidence. 📊 HOLD: DVN is fairly valued with market pricing in 1.0% annual growth. Fine to hold or accumulate slowly on dips.

What is the fair value of DVN stock?

Our analysis estimates the fair value range for DVN to be between $46.96 and $49.42. The current price is $47.16.

What is the analyst price target for DVN?

The average Wall Street analyst price target for DVN is $60.39. This implies a potential upside of 28.1% from current levels.

Devon Energy (DVN) Stock: Buy, Sell, or Hold?

DVN - Devon Energy Corporation

CRUDE PETROLEUM & NATURAL GAS

$47.16

1.12 (2.43%) ▲

5d: -3.56%

30d: -3.85%

90d: +16.53%

HOLD

MODERATE Confidence

Protect Your DVN Gains

Analysis Updated: Oct 1, 2026 12:00 AM ET

Earnings: Nov 04, 2026

Smart Money Accumulation

Options open interest is building while the stock consolidates - a pattern consistent with institutional accumulation. View Scanner →

Signal fired Oct 1, 2026 at $47.16 · last confirmed Oct 1, 2026

Strength: 7.2/10

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Interactive Price Chart (1 Month)

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💡

Bottom Line:
📊 HOLD: DVN is fairly valued with market pricing in 1.0% annual growth. Fine to hold or accumulate slowly on dips.

See Forward Earnings Fair Value & Price Prediction →

Long-Term Wealth Forecast (2031)

Based on Analyst Consensus Growth & Historical Valuation

Adjust Growth Assumption: -10.1%

0% (Stagnation) 50% (Hyper Growth)

EST. PRICE IN 2031

$38.78

Based on -3.1% avg growth

INTRINSIC VALUE TODAY

$24.08

Trading above historical range

How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 9.4x Exit PE.

View Full DCF Model

In-depth Analysis How we analyze

Valuation Analysis: DVN is currently trading at $47.16, which is considered slightly low relative to its 30-day fair value range of $46.96 to $49.42. The stock's valuation (Forward PE: 9.7) is in line with its historical norms (9.4). At these levels, the market is pricing in 1.0% annual earnings growth. This growth rate appears achievable given the company's track record, suggesting the valuation is rational.

Technical Outlook: Technically, DVN is in a uptrend. Immediate support is located at $45.56, while resistance sits at $49.71.

Market Sentiment: The stock scores a mixed 57/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Wall Street analysts see significant upside, with an average price target of $60.39 (+28.1%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.

Quick Decision Summary

Current Position SLIGHTLY LOW

Historical Trading Range $46.96 - $49.42

Company Quality Score 59/100 (HOLD)

Volume Confirmation HIGH

Confidence Score 80.5%

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All Signals

BULLISH: Price oversold vs 30-day range
NEUTRAL: Mixed technical signals (57/100)
BULLISH: High volume confirmation
BULLISH: Trading 28.1% below Wall St target ($60.39)
NEUTRAL: Market pricing in 1.0% annual earnings growth - fairly valued
NEUTRAL: Bottoming setup forming (57/100) — watch for confirmation

Trading Range Analysis

30-Day Trading Range $46.96 - $49.42

Current vs Trading Range SLIGHTLY LOW

Support & Resistance Levels

Support Level $45.56

Resistance Level $49.71

Current Trend Uptrend

Technical data as of Oct 1, 2026

Fundamental Context

Forward P/E (Next Year Est.) 9.73

Wall Street Target $60.39 (+28.1%)

Revenue Growth (YoY) 64.2%

Earnings Growth (YoY) 44.0%

Profit Margin 17.5%

Valuation Premium vs History +1.0% premium

PE vs Historical 9.7 vs 9.4 FAIR

Market-Implied Price Targets If current PE multiple persists

Implied Growth (YoY): +1.0% (market-implied from PE analysis)

1-Year Target $47.63 (+1%)

2-Year Target $48.11 (+2%)

3-Year Target $48.59 (+3%)

3-Yr Target (if PE normalizes) (PE: 10→9) PE COMPRESSION $46.96 (0%)

Earnings growth offset by PE compression

3-Year Scenarios Using analyst projected EPS growth

Bull: (PE: 20.4, Growth: -10.1%) $72.12 (+53%)

Base: (SPY PE: 9.7, Growth: -10.1%) $34.38 (-27%)

Bear: (PE: 8.3, Growth: -10.1%) $29.22 (-38%)

📈 Valuation based on Current Earnings

RECOVERY PLAY: Stock looks expensive now (10x PE), but valuation improves significantly next year (10x PE) as earnings recover.

Trailing PE: 10.14 | Current EPS (TTM): $4.54

Bull Case $54.09 (+15%)

Analyst growth 6.8%, PE expands to 11.2

Base Case $49.18 (+4%)

Market implied 6.8%, PE stable at 10.1

Bear Case $31.31 (-34%)

Severe decline -20.0%, PE contracts to 8.6

These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.

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Last updated: October 02, 2026 2:41 AM ET
Data refreshes hourly during market hours. Next update: 3:41 AM

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Insider Activity (6 Months)

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Advanced DVN Option Strategies

Professional options setups generated by AI based on today's DVN price and gamma walls.

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