The stock is currently trading at $34.95, showing a bearish trend in recent sessions. The stock has formed a consolidation pattern between $33-35 range, with key support at $33.27 and resistance at $35.09 based on Fibonacci levels.

Fundamental Analysis

Key valuation metrics from 2022/FY show:

P/E: 6.74x
EV/EBITDA: 4.21x
P/S: 2.03x
P/B: 3.60x
Dividend Yield: 8.41%

These metrics indicate the stock is trading at relatively attractive valuations compared to historical averages.

Recent Developments

The stock has been under pressure recently due to declining energy prices, with WTI crude falling more than 2%.
Devon Energy was among the energy stocks that tumbled on Wednesday, closing down more than 3% alongside other major energy companies.
Analyst Mark Lear from Piper Sandler maintained an Overweight rating with a price target of $54.

Investment Thesis Devon Energy continues to generate strong cash flows despite trading near multi-year lows. The company's high dividend yield of 8.41% provides a significant income component while waiting for potential price appreciation.

Recommendation Based on the technical setup and fundamental factors, DVN appears to be a BUY at current levels. The stock is showing signs of stabilization at support levels, and the attractive dividend yield provides downside protection. Entry point around $34-35 with initial stop loss below $33 would offer a favorable risk-reward ratio.

What is price prediction 2025 for DVN Stock?

Based on the available data and analyst reports, here is the price prediction for Devon Energy (DVN) in 2025:

DVN stock is expected to reach $48-49 by end of 2025, representing a ~40% upside from current levels, driven by strong production growth from Delaware Basin and improving oil price environment. The company's strategic focus on high-margin assets and disciplined capital allocation supports this target, though volatility in commodity prices remains a key risk factor.

The prediction is supported by analysts' consensus price target of $48.88, with a street-high target of $67 suggesting even more significant upside potential in an optimistic scenario. The company's strong operational execution and healthy balance sheet provide fundamental support for this price target.

What is surpport and resistant level for DVN Stock?

The S1 support level for DVN Stock is $33.59 ,The R1 resistant level for DVN Stock is $38.

What is the current price of DVN Stock?

As of the end of day on 2025-02-21, the price of DVN Stock was $37.5.

What is the target price of DVN Stock?

The target price for DVN Stock according to analyst rating is 47.94, with the highest price target at 59.00 and the lowest at 42.00. Analysts have a Moderate Buy rating on DVN Stock overall.

What is the market cap of Devon Energy Corp?

The market cap of DVN is $24.3B.

Is Devon Energy Corp (DVN) overvalued?

Based on the provided data and context, I'll analyze whether DVN is overvalued:

DVN is currently fairly valued considering multiple factors:

The stock trades at a forward P/E of 7.76x, which is below the industry average of 9.01x, indicating relative undervaluation from an earnings perspective.

The company's EV/EBITDA ratio of 4.72x suggests efficient operational performance and reasonable valuation compared to peers in the oil and gas sector.

Technical indicators show DVN is trading near its 200-day moving average of $41.04, with RSI at 49.48 indicating neutral momentum, neither overbought nor oversold.

Recent analyst consensus maintains a "Moderate Buy" rating with a mean price target of $48.88, suggesting 43.3% upside potential.

What is Devon Energy Corp (DVN)'s business?

Devon Energy Corporation is an oil and gas producer in the United States with a multi-basin portfolio. The Company is primarily engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). Its oil and gas properties include Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin and Powder River Basin. The Delaware Basin operates in southeast New Mexico and across the state line into west Texas. It offers exploration and development opportunities from many geologic reservoirs and play types, including the oil-rich Wolfcamp, Bone Spring, Avalon and Delaware formations. The Eagle Ford operations are located in Texas' DeWitt and Karnes counties. The Anadarko Basin has around four-operated rig program associated with a joint venture. Its position in the Williston is located entirely on the Fort Berthold Indian Reservation in North Dakota. The Powder River Basin is focused on emerging oil opportunities in Wyoming's Powder River Basin.

What is price prediction 2030 for DVN Stock?

Based on the available data and market analysis, Devon Energy (DVN) stock is projected to reach $45-50 by 2030, driven by its strong position in the Delaware Basin and strategic focus on U.S. onshore operations. The company's consistent earnings performance, beating analyst estimates in the last four quarters, coupled with its current attractive valuation at a Forward P/E of 7.03 compared to industry average of 9.01, suggests potential for long-term value appreciation. Recent analyst consensus maintains a "Moderate Buy" rating with 16 Strong Buy recommendations, indicating positive market sentiment despite near-term oil price volatility.